Hi there,
I have a claim in to RBS for £5.3k and have been offered £3.7k. I am looking to say to them that I will accept £5k, paying off my £800 o/d with that amount, and closing my account, in order to prevent court proceedings. (I have also been charged a further £200 since then and the way things are for me, that will snowball!)
Can anyone tell me if that is unwise or is there any thing else I can do?
Also, if that's wise, can you fit it into the template attached?
Thanks
Malc
Date
BANK NAME Address Address Postcode Re: Account number XXXXXXXX Response to settlement offer. Dear [named sender or Sirs]
Thank you for your letter dated xx/xx/xx
I respectfully decline your offer of settlement and request, one final time, that you return to me all charges imposed on this account, totalling £xxxx
In order to avoid Litigation against you, I am prepared to temporarily accept the sum offered as partial settlement on the clear understanding that the remainder is paid within the next 10 days. Failure to comply with this request will result in legal action against you for full recovery, as detailed in my letter before action
.
If you do not accept my conditions for acceptance, or you do not respond within 10 days, I shall return the payment to you. For the avoidance of doubt, I wish to stress that I do not accept your offer under the terms stated in your letter.
(If the bank have credited your account, please use this note in place of the above paragraph)
If you do not accept my conditions for acceptance, or you do not respond within 10 days, the money transfered to my account should not be viewed as my acceptance and I hereby authorise you to remove this sum accordingly.
I trust this clarifies my position.
Yours faithfully
[signature] [print name]
Letter to RBS needing changed??? 
