Thread: Goldfish/MS/Barclaycard - Waste of time?!?

firstly I must admit this is a very impressive site with lots of friendly advice and more regulars than i can shake a stick at

However my gripe has been, where is all this hard work going?

I am your average joe who managed to rack up several thousand pounds on a credit card I believe was issued by Goldfish back in 2002/3. I seem to remember applying for the thing online and do not actually remember signing anything (i know all my unsecured loans in the past have been signed and sent back).
I remember Morgan stanley buying out Goldfish or visa versa and carrying on as normal racking up more and more on the card. This continued with several credit increases whilst paying minumum payments to keep them happy. Then came barclaycard who im sure hiked up the interest rates and just seem happy to charge the world for their card.

A friend of mine who told me with great delight that he's wiped 8k of a credit card for the old "unenforcable credit agreement". He's then passed me a number of an essex based firm who will do all the checks etc... for about £95! (unfortunately i didnt ask who the credit card was with!)
to good to be true is written all over my face as i write this as well as probably a few dozen other stealth readers of this site.

What im getting at in all this rambling is what does going to war with BC get you?

I can understand people who are on the poverty line sorting out PPI and fee's etc.. but it not like I could go and get 7k wiped off my card with a single letter to them surely!
I cant see how busting a ball over this all will do much more than put you in an early grave!

I spent several hours studying this site tonight and the crooks of it seem to be that if i send off a SAR it will probably show my credit agreement is unenforcable, but is worth diddly unless i get it enforced at court.

have i gone completely off at the deep end on this or is taking on BC really worth all of this?

"What im getting at in all this rambling is what does going to war with BC get you?"

Your debt is reduced by the amount of the unlawful charges debited, mis-sold PPI and all interest levied thereon. If you still owe them anything after that, you can stop paying them.

And no, its not going to happen with a single letter.

Several letters, a small claim and possibly a day in court would be more accurate.

Originally Posted by noomill060

Your debt is reduced by the amount of the unlawful charges debited, mis-sold PPI and all interest levied thereon.

I am a bit confused about this. I can see unlawful charges and missold PPI being reclaimable, but if the agreement is found to unenforceable in court, the debt is still there and cannot be ordered to be repaid to the card company so what is the basis for reclaiming interest?

Is the reclaimed interest on the charges and PPI payments the court rate of 8% non-compound or what the card company charged?