Thread: Contractual Interest with Barclaycard

Hi all,

I have been away from the CAG scene for a while and not really sure what is going on with the credit card companies with regards to the high court test case. I know that the test case is for banks only but how has it affected your CC claims?

Also has anyone out there been successful with claiming contractual interest (recently)? I have just done my calculations and contractual interest adds about £265 to my claim


Many thanks
K

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Which link?

I am claiming CI - My account is now with Mercers and I intend on winning

Good luck and keep us posted

Mercers being Barclaycard anyway.

When I said contractual interest, I mean interest on the charges. I've been a bit confused about the whole contractual thing so I'd be grateful if somebody could set me straight

My charges come to £459 amd I have added interest on those charges at whatever rate they have charged me (rates have fluctuated over the last 6 years) and this is what I am asking for in my prelim. I am asking for it simply because the interest is DIRECTLY related to the unlawful charges.

I don't think that is contractual interest though. I know that if this goes to court, I can claim 8% ON TOP OF this but where does contractual interest fit in? Am I right in thinking I can either claim 8% statutory OR 18.9% contractual interest at court stage?

I know that if I claim contractual, I must mention it in my prelim letter, so how do I word it? Is there a link to a template specifically for claiming contractual interest?

Thanks,
K