Capital One reduces charges

[:Boy:]

Hello,

Has anyone recieved the letter today from Capital One confirming that they are reducing all charges down to £12?

I have one today sent from a Customer Account Manager (Sarah Mant) confirming as of 31st August 2006, all default charges will reduce to £12.

Could this effect claims...who knows.

Best regards

[JonCris]

No it won't

Their charges are still unlawful & will remain so until they provide evidence (which they cant) to support their argument.
How much the pressing of a computer key!

[:Boy:]

You have missed my point.

What would you say a resonable charge is?

[JonCris]

No it's you who are missing the point.

NO CHARGE £12 or 12pence is lawfull or reasonable until upheld in a court of law.

For that to happen the money lenders will have to prove their charges are "fair & reasonable" & they won't because they can't

In the meantime they have to refund all penalty charges plus interest.....full stop!

My own view is that no charge should ever be held to be fair & reasonable. The banks get enough use out of OUR money to expand their profits without adding charges.

After all if you have incurred unlawful charges it's because the bank have refused to pay your DD so they ain't lost any money. If you go OD you already pay interest which is already more than enough. Although any increase in the rate because of going over limit IS also a penalty charge & therefore recoverable.

Many members particularly those claiming contractual interest will find they are claiming considerably more than they have ever owed their bank or credit card.

Great init!

[rbrears]

there must be some cost to them in terms of pence for each chargeable event. However, until they start charging that amount and can justify it then they will still have to repay all penalty charges. Good job too

[:Boy:]

For Christs sake, don't jump down my throat so quick!

I created the thread to advise people that is what Capital One are doing. You honestly think that I believe £12 is fair, get a grip.

Have you borrowed money from banks? overdraft, Loan?

The DD did not go through, because there was no money in the bank (did you know the date of when that DD was due)...who's fault is that, yours or the bank, the fee they charge for the DD not going through is unlawful and wrong, but not having money in the bank, who's fault is that?

[JonCris]

Who cares who's fault it is. Each persons circumstances are different. & don't make excuses for the banks if you don't wish to be attacked by people like me.

Not here anyway most members have suffered terribly at the hands of the banks & you won't be thanked.

If you had been reading through the many threads here you would havel noted that the £12 has been one of the main topics of conversation since the stupid OFT quoted it

As I said they get to use OUR money (when we aren't in OD) so why should we pay any charge whatsoever. You may not be old enough to remember but I can recall when the banks used to pay US the customer interest to bank with them

[lee6370]

No need to be so aggressive.

D5Tweddle, was only informing us of the fact that Cap one have reduced their charge to £12. We all know this is still unreasonable they were only asking what is a reasonable charge.

If we all sit here and agree with each other then this site wouldn't be what it is, it's because people have asked questions and tried to look at things from the other side that we have been able to move forward and are where we are.

Your response doesn't help anyone, it only stops people from expressing their opinion and at the end of the day we are all entitled to an opinion, so calm down and show some respect.

[:Boy:]

Thank you Lee6370, a bit of sanity never goes amiss. Your support is appreciated

Attacked by someone like you?, I can not believe you were stupid enough to post that comment.

quote: Not here anyway most members have suffered terribly at the hands of the banks & you won't be thanked.

Your point? I think you need to get down from your high horse, you have a very aggresive nature, you have proved that with your last 3 posts. The banks have treated me badly as well, why do you think I am on this forum??

How much money does Capital One owe you? They owe me a lot, and I intend to get it back. 3 cases with them; 1 settled already, 1 in court, last one at LBA stage, how about you?

Quote: You may not be old enough to remember but I can recall when the banks used to pay US the customer interest to bank with them

Old enough, age discrimination??

Don't post anything else please, save your reputation.

[JonCris]

Fine you have your view & I have mine. But the suggestion was that people where the author of their own misfortune. My experience is that very few people decide to get into debt just for the hell of it. Most get into debt because of redundancy, ill health or unexpected reasons & when they do the banks make it considerably worse.

As for age discrimination what are you talking about. If your going to suggest I'm breaking the law it would be best if you understood it first

[:Boy:]

You need to grow up.

Who said anything about breaking the law? You can't even answer any of my points in a constructive manner.

Its also called freedom of speech, it might be worth you understanding that.

Notice that you are the only one putting posts on this Thread, and I am stupidly, answering you.

You are very amusing, ever thought of stand up?

[:Boy:]

Any Moderators here able to close this Thread, as its not going anywhere.

[JonCris]

Originally Posted by D5Tweddle

You need to grow up.

Who said anything about breaking the law? You can't even answer any of my points in a constructive manner. You accused me off age discrimination which is illegal

Its also called freedom of speech, it might be worth you understanding that. Precisley

Notice that you are the only one putting posts on this Thread, and I am stupidly, Well you know what they say "if the cap fits" answering you.

You are very amusing, ever thought of stand up?

No but I might. Anyway I have reponded in depth to the original post which suggested that if people went OD or couldn't pay their bills on time it might be their fault. It might be "their fault" but for the money lenders to make matters much much worse is unforgivable. Some unfortunate debtors have been driven to suicide because of the banks conduct

[JonCris]

Originally Posted by D5Tweddle

Any Moderators here able to close this Thread, as its not going anywhere.

Well what about free speech then!

[:Boy:]

Give me a chance to respond!

[:Boy:]

Precisely, that is how it is spelt.

I asked for an open debate of what a fair charge is, you have given your point rather aggressively.

I will not dignify the rest with an answer.