Solicitors are often on very much reduced hourly rates when contracted by banks. This has a number of implications if you are on the receiving end of a personal guarantee claim.
Firstly, the solicitors try and ensure most of the work is executed by the lowest paid staff possible. Secondly, by taking court action they can get a quick return by getting judgement and pursuing that.
However, if you are getting sound legal advice, this can stop these types of actions in their tracks. With a good solicitor acting on your behalf, they have to be careful how they tread and not be too pre-emptive in their court action, as wasting the courts time could result in costs against them.
However, if you represent yourself, they have nothing to loose in taking you through the court process- they rarely get costs against them in these cases and they normally win, so why wouldn’t they?
For more information, take a look at our website personal-guarantee.co.uk, or give us a call on 0845 055 8457 0845 055
No comments:
Post a Comment