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 folks, total newbie here and pretty astonished by what I have been reading.
My question is this - My wife had a credit card with MBNA. Five years ago we hit hard times and ended up not being able to pay the minimum payments on loans and cards etc. Went with the CCCS , at which point all creditors except MBNA froze charges and interest. My wife originally owed about £500 to MBNA, but this is now nearer £1500 thanks to all the charges etc. The debt has been passed to 1st credit, who we are paying £1 per month.
From what I have read here am I right in thinking that we apply to MBNA for the money they charged and they will then get 1st Credit to adjust the ballance on what we owe, less the payments we have already made as well?
(hope that all made sense)
Yes you are correct.
Also ensure you charge them contractual interest, they will end up owing you much money. You have a good case if it gets to court as your other creditors froze interest and charges when they didn't. MBNA are crooks, we know, they know it, which is why they are paying out so quickly.
Hi,
you are right, I had a co-operative bank credit card which is now in the hands of equidebt. Co-op have finally agreed to refund £240 in charges, which they made in the form credit to the balance owed to equidebt, so i gues this will be the same for MBNA.
As for MBNA they will pay. They paid me out at the lba stage on 2 accounts (refund to balanace owed to them) I had credited to my account balance £853 + £400 in interest, and £350 plus £200 interest on another.
I am on a repayment plan, interest frozen , with MBNA, so this refund will allow me to pay it off about 3 years earlier!!!
keep at it, you will win!!!
Actions in progress Natw West on hold pending test case LLoyds claim 3 on hold pending test case,
Claims Settled LLOYDS TSB x 2 WON, MBNAWON, A&LWON, GE Money x 2 WON , c o-op visa WON, capital one visaWON, Halifax (o/h) WON, capquest, WON
MBNA Question
. Five years ago we hit hard times and ended up not being able to pay the minimum payments on loans and cards etc. Went with the CCCS , at which point all creditors except MBNA froze charges and interest
Reply With Quote
Actions in progress
Claims Settled