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.
Hi, my Egg card was terminated by them in march this year despite being up to date, I have read various threads on this but can not conclude whether anyone has successfully argued if they can apply interest or indeed hold you to the balance on a terminated account.
I can no longer pay them the minimum payment and so dont know what approach to make ?
I have questioned the matter with them on the phone and they say they have only terminated my right to borrow further money ?
To me it seems hard to dispute why the balance outstanding should not be repayable, given that Egg is content with the old rate of minimum monthly repayment. It looks easier to dispute the continuing high rate of debit interest accrued and compounded monthly, when Egg is no longer offering the convenience and service of a credit card for which you signed on originally, accepting the high rate of interest for that reason. Now that your card account has effectively turned into a loan account, a lower rate of interest would be reasonable.
I have not heard of anybody opting out of payment with impunity, except for the following case which seems to have ground to a halt in the shape of an ongoing mexican standoff, with no final resolution and no debt repayment enforcement via court to date. If you have no appetite for a knockdown drag-out court fight as anticipated in the thread below, then a negotiated lower monthly repayment is an option. When Egg and their DCA realise you have no readies available they will realise there can be no blood flowing from a stone.
Egg Termination
card was terminated by them in march this year despite being up to date, I have read various threads on this but can not conclude whether anyone has successfully argued if they can apply interest
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