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.
RBS & Barclaycard have offered me the difference between the charges I have incurred and the £12 fee recommended by the OFT in 2006. So for example I have a string of £20/£18/£15 charges going back six years with both cards and I would only be entitled to £8/£6/£3 for each late charge instead of the full £20.
They dismiss the interest I have shown in my schedule using Martin's calculator by the way!
I was told that credit card late charges are treated differently because of the OFT reccomendations of capping such charges to £12 in 2006.
But can these credit card companies use this £12 cap for all late charges prior to 2006?
I would really appreciate some advice on this one.
Whilst this is in relation to the decision by the OFT on current accounts it applies to the decision made by the OFT on credit cards last year. Just because the OFT recommended a 12 quid charge it doesn't make it lawful as a result, you should continue your claim for the full amount.
Originally Posted by plonker17
They dismiss the interest I have shown in my schedule using Martin's calculator by the way!
Not surprised the dismissed this! Martin's calculator if I remember rightly adds 8% statutory interest from the start which is wholly incorrect. If they offer you the full amount less this interest, then you will have to accept it.
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Credit Card Problem Offers
& Barclaycard have offered me the difference between the charges I have incurred and the £12 fee recommended by the OFT in 2006. So for example I have a string of £20/£18/£15 charges going back six years with both cards and I would only be entitled to £8/£6/£3 for each late charge instead of the full £20.
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Originally Posted by plonker17
