More Iniquity
Wednesday, November 17th, 2010Obsessive readers of this blog (you must be out there somewhere) will recall that I ranted against a company called Equinity back in August. You can read about it here, but the gist of it is that I wrote them a letter asking them to repay unpaid dividends.
They replied with 31 letters on the same day, each enclosing a cheque and each charging £11.75 as an administration fee. They billed me £364.25 to answer my one letter.
Well, I blogged about it and I wrote to them. Just before I went to the Frankfurt Book Fair I had a reply. “Standard procedure blah blah blah cheques may have been issued from different banks blah blah blah different companies may have been involved blah blah blah charges will stand blah blah blah now piss off and quit bothering us little man.”
You get the gist. They omitted the last phrase, surprisingly.
This was a boilerplate dismissal. Nothing they mentioned applied to my situation. It involved one company, one bank — and Equinity, or Iniquity as I prefer to call them.
I wrote to them again to point this out. Once again I mentioned the Financial Services Ombudsman, or Waste Of Time as it should be known. On the 3rd of November I got a response. “We are currently investigating your query and will do our utmost [sic] to ensure that you receive a prompt response. Due to the nature of your query, it may take longer than we would normally anticipate to collect the necessary information.”
This is the printed equivalent of ringing a help line and receiving a recorded message saying “Due to an exceptionally high volume of calls we are unable to answer yourself at this moment in time.” We’ve all experienced that, I expect.
I woke at 04:44 this morning as usual, biting my pillow and my stomach in knots over those bastards at Iniquity. Suddenly it all became clear. Sod the Financial Services Ombudsman, I’d simply take Iniquity to the Small Claims Court. That might settle their hash. Then I remembered my previous efforts to wring money out of reluctant payers; all have ended in failure, including one who avoided paying me (well, my company) £12,000 despite him turning up at court with a barrister. He lost the case and I lost the money. I even sent in the bailiffs to no avail.
Anyway, I digress. I tossed and turned, eventually got up and took the dog for a hobble round the block. Got to work, the post arrived bright and early (just after midday) — and there was a letter from Iniquity. “We have noted your comments and can confirm that a full refund, as requested, is enclosed to cover the cost of the reissue fees as a good will gesture.”
And there was a cheque for £364.25. Of course it was made out to the wrong bank account, so I have to pay it into one and then pay it out into another. But at least I’ve got it.
A good will gesture indeed. Why did we have to go though this palaver in the first place?