Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
What a useful site and what a shame that I cannot go back more than 6 years.
I will be sending of several letters tomorrow but would you claim charges back from cc companies that have defaulted but you have agreed payment schedules with and have stopped chraging you interest?
I would not want to jeopardise losing the zero interest deal as the outstanding balances are very high. (>25k).
To be honest I think that the two are totally separate issues; however if they repay your charges they may insist upon that money being sequestered against your debt.
It depends of course on how much of the debt is formed of charges; with £25k debt I doubt that even half of it is charges to be honest. So I think it's unlikely you'll be able to get the default removed, but the refund of charges may help to reduce the debt you owe.
You should start a thread all of your own, asking for all the advice and help you need during the process... also to help you decide whether to proceed, in the area set aside for your CC provider. This will enable all of us to benefit from the advice and help you receive. You'll have to post all the gory detail unfortunately (of the debt, not your life situation) to get the best help; but it's worth it in the end!
Thanks for your reply. It is not that I doubt that they will refund the charges but I assume they will then cancel the payment schedule and the zero interest deal that I have negotiated with them. The debt in total over several cards adds up to:
Morgan Stanley Dean Witter £10,000 Egg £15,000
Barclaycard £7000 HSBC £8000 RBS/Mint £8000
All of them have frozen interest for the past 3 years although I must have paid a fortune in over-limit and late payment charges interst at 16% per annum on this sum is much greater than the charges.
I will open a thread somewhere and try and get some discussion going on it.
Although you seem to have homologated all your claims into one amount for this post, each organisation operates slightly differently and I would therefore open a separate thread for each of them... especially as each claim for charges will be separate from the rest.
Also, we don't tend to offer too much in the way of TECHNICAL advice here in the welcome area... but the nitty-gritty is well and truly dived into in the bank areas!
New Member Multi Claimant!
.
Reply With Quote
