smashedbobo v barclaycard

[smashedbobo]

Hi, hope someone can help. I have received all my statements from B/C. Have added all the charges up and they total £1016. Now here is a question, has anyone ever rung B/C and asked for the charges to be paid back. Am willing to accept half the amount at this stage as i would like to keep my card if possible. Would they want to close the account if i went after the charges. If they did then i would go for whole lot. Do you think it would be worth a try. Half the charges would put me in credit with them. Thank you in advance for any advice xxxxxx

[misspickles]

Hi smashedbobo,

In my experience with barclaycard it goes like this:

Pre lim sent requesting both the charges and the compound interest charges on those charges - reply from barclaycard= bog standard "we will be in touch in 28days"

I send Lba - reply = "yes madam you have been charged £x we dont agree with you but are going to refund the difference between the £12 and the amount you have been charged for each charge"

At the same time the reply arrrives so does my statement showing they have already applied the refund.

You then proceed to MCOL for the rest of the charges and the compound interest, and 8% interest.

I am at court stage now, have 3 accounts and they have done the above to each account. They will not close your account because of charges - they may if you continue to be over your limit etc, but not only is it worth sending the pre lim and lba off following through to court and including compound interest as well as 8% interest means to me that it wipes out my balance completely!

hope that helps

Miss P x x

[T4FF]

Bobo, it's always worth it because you will get your money back IN FULL. Don't go accepting half - there's no reason to.

BC shouldn't call your card in unless you are way over your limit or something like that down to the fact that a few financial institutions have been fined heavily for retaliatory closures. That's not to say it COULD happen though.

Definitely worth a try - pop in the BC successes forum and see how many people have won!

[smileyh]

Originally Posted by misspickles

Hi smashedbobo,

In my experience with barclaycard it goes like this:
.....
....
You then proceed to MCOL for the rest of the charges and the compound interest, and 8% interest.

I am at court stage now, have 3 accounts and they have done the above to each account. They will not close your account because of charges - they may if you continue to be over your limit etc, but not only is it worth sending the pre lim and lba off following through to court and including compound interest as well as 8% interest means to me that it wipes out my balance completely!

Miss P x x

Sorry to Hijack thread... i see on some threads people are saying you can't go for compound + 8%.... its either one or the other- can someone clarify this?

Cheers,
Smiley

[T4FF]

Your correct smiley. One or the other. Both is just taking the pith

[misspickles]

Ok I was talking about compound interest meaning the interest you are charged on the illegal penalties each month which obviously grows and grows every month(hence why i call it compound) NOT contractual interest - the two are different - AND it is NOT taking the pi#s to reclaim money that you have paid in interest due to the illegal charges! and if they dont pay back your charges plus the interest then you register at court and put 8% on top of that.

I feel qualified enough to get on my high horse with this one having just received near on £500 worth of compound interest refunded to me. If I have used to wrong word to describe it then I apologise but I know you can get your charges and your interest and 8% on top of both sums of money back.

this issue confuses people alot - pm me if you want me to explain further.

Miss P x

[T4FF]

i stand corrected. thought you were referring to contractual interest as this is sometimes (right or wrongly) referred to as contractual compound interest (just to confuse even more).

To save confusion I refer to what you called compound as interest charges. You can't of course claim contractual and 8% because THAT would be taking the pith.

No need to get on your high horse.....merely crossed wires