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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.
Only my 2nd post, hopefully you will get the gist of my query!
Not sure exactly where it all started, but on the last 2/3 credit card payments I keep getting a £12 overlimit charge even tho I am making my payment on time and not using the card at all....
It appears that for example they ask for £30 monthly payment then by the time the interest is applied on the next statement it's a case of the £30 they asked for isn't enough and I am over the limit again when the the next statement is drawn up and the interest applied.
Shouldn't the credit card companies be aware of what the estimated interest is going to be and ask for enough money so that the payment you do make takes you under your credit limit and no chance for a £12 charge?
I am hoping they have made a mistake and I can get the £12 returned for the reason above - i.e they never asked for enough money in the first place...
You should speak to BC to find out why they are charging you each time, so you can avoid this happening repeatedly.
You could also ask them to refund, IN FULL, the charges they've put on the a/c, to save you taking them to court.
They may say "you can't take us to court because the OFT says we're allowed to charge £12" - this is rubbish and you'll get it back in full, one way or another.
Read the Reclaiming Guide at Link No1 in my signature below.
If they don't refund voluntarily, wait till you've sorted WHY you are getting charged, and then reclaim the charges.
Any help and advice is offered in good faith, based solely on my own knowledge and on experience gathered from this site. I am not qualified to offer legal or financial advice, which you should seek from an expert before making any important decisions. My opinions are therefore offered without liability.
When you take out a credit card you effectively borrow the money into existence. Yes that's right the money doesn't exist until you sign that agreement.
How do Credit Cards work?
is applied on the next statement it's a case of the £30 they asked for isn't enough and I am over the limit again when the the next statement is drawn up and the interest applied.
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