Bank Charges and Interest Charges

Payback14 · 14th February 2007, 14:40

Around 8 years ago I had problems with making the full payments to my credit cards and bank overdraft. Obviously huge costs were incurred. As the next step I used a debt management company for around 18months. I then realised it was costing me a fortune and decided to manage them myself. For four years Citifinancial charged me £25 per month as was unable to make the full payment they wanted despite contacting them on regular occassions. Does this qualify?

Payback14 · 14th February 2007, 14:44

8 years ago I had problems with making the full payments to my co-operative bank credit card. Obviously huge costs were incurred. As the next step I used a debt management company for around 18months and then dealt with it myself. The co-operative bank credit card refused to cancel all interest charges (unlike Barclaycard) I now realise that I have already paid more in interest than the original debt and I still have over £3,500 to go and each month the interest is £70 and my payment is £89. What can I do?

Payback14 · 14th February 2007, 14:47

8 years ago I had problems with making the full payments to my credit cards. Obviously huge costs were incurred. As the next step I used a debt management company for around 18months. I then realised it was costing me a fortune and decided to manage them myself. For four years Citifinancial charged me £25 per month as was unable to make the full payment they wanted despite contacting them on regular occassions. Does this qualify?

livelylad · 14th February 2007, 15:17

Quote:

Originally Posted by Payback14

8 years ago I had problems with making the full payments to my credit cards. Obviously huge costs were incurred. As the next step I used a debt management company for around 18months. I then realised it was costing me a fortune and decided to manage them myself. For four years Citifinancial charged me £25 per month as was unable to make the full payment they wanted despite contacting them on regular occassions. Does this qualify?

Yes you can reclaim this charge. You need to spend some time reading the FAQS and step by step instructions. Once you are sure of how the process works start a thread in your banks forum and post your questions there. Please stick to one thread you have posted this same question 3 times.

Payback14 · 14th February 2007, 15:24

Sorry first time using the site. There is however another question about the co-operative bank. Any help you can give me one would also be much appreciated.

livelylad · 14th February 2007, 15:31

Quote:

Originally Posted by Payback14

Sorry first time using the site. There is however another question about the co-operative bank. Any help you can give me one would also be much appreciated.

Hey no problem

Start your thread using this link and ask away.
http://www.consumeractiongroup.co.uk...=newthread&f=8

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