worried about balance still owed

[meltoadhall]

we had to chop up our cap one card last year and now pay £10 a month. we finally got them to freeze interest but if i try to get all the charges and interest charges back will they demand all the money we still owe back straight away?
would like to try but worried about the money we owe them as we cant afford it.

[clayts]

It's extremely unlikely they'll demand all the money back. What they will do is (eventually) credit the charges back to your card account, so it may actually help both parties.

The total worse case scenario is that, after refunding all the charges, they pursue you vigorously for the debt - if you have already told them how much you can afford to pay them realistically each month (ie £10) then there's little they can do above and beyond that.

I say go for it

[big aid]

at the risk of repeating myself

THIS IS YOUR MONEY

with a bit of luck it will clear a bit of your balance
go for it

[Bean]

FSA position on account closures and default charges

[sidvicious]

hello MELTOADHALL.
having the same worry as yourself. 3/1/05 £23 over my £200 limit 6/1/06 balance £555.86 intrest and charges frozen.payment plan spoken about but never enforced 4/8/06 still not paid.Prem/Lba both sent out for charges before 3/1/5 which i have paid plus the charges i havnt.( to been waived) so that i may continue to use may account.
Mon 14/8/06 will be court fee day.
i will keep you posted.

[meltoadhall]

thanks, will be keeping an eye on how you get on.

[meltoadhall]

well there was no response at all from the prelim letter, so today i am doing the lba in preparation for tomorrow when the 14 days are up.

[Bean]

Good, there is no substitute for being prepared.

[meltoadhall]

today got a letter from robert udy offering £272 because they have now dropped their charges to £12. nope i want my £789 back, although i will tell them they can give it to my account as a partial payment.

[Bean]

Snap!!

Bean's Timeline (Capital One) ***SETTLED***

Patience is a virtue...

[meltoadhall]

just rang them, a nice man karl johnson rang back to say this is it take it or leave it, so.......... see you in court then. He did say that other people have the same complaint - I just bet there are!!!!!! strange though he couldnt seem to give me a breakdown of the charges.

[Bean]

It is regrettable that matters escalate to a County Court claim but there is no other option in response to their malarkey (...I love that word).

[meltoadhall]

well its been a while, but i have finally got around to doing the court claim N1 form and now its filled in.
tomorrow off DH goes to the county court to make the claim.

[meltoadhall]

and its done !!

[Bean]

It may be no indication at all, but they sent me an offer of the full claim sum about three weeks after I filed the claim at the County Court.

Hopefully you are nearly there.

[meltoadhall]

I hope so, it was deemed served on the 12th.
That would clear the majority of the balance and give me peace of mind.
And then on to the next one!!

[meltoadhall]

got the letter offering full and final payment, not that they are admitting anything of course!!
shame they are going to put it on as refund on the card, as its a closed account while i pay off the debt. but it nearly pays it off so well worth it.

[meltoadhall]

can someone change it to ***WON*** please

Congratulations

Wxx

[meltoadhall]

change to WON please