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My Barclaycard has been inactive since late 2005 when with the CAB's help - having got in trouble with online gambling - I reached an agreement whereby I would pay just £10 a month and no interest, for a period of eighteen months, on a balance of £3300.
I have not yet claimed for charges because, although the sum may well be considerable - I'm not sure, maybe £500 or more in total over the six year period - it is less than I've saved by not having to pay interest this last year, and I don't want to upset the apple cart.
Do you think I should still at least do the first step of finding out what my charges were? Or should I leave it be and accept I deserve the blame?
£10 x 18 months = £1800, what happens to the balance when the 18 months are up?
"Deserve the blame" has nothing to do with it. Last I checked, the credit card people don't hold a license to your soul (even if it feels like they own it at times!), they are not your moral guardian, and it's not up to them to mete out punishment for your trespasses. In other words, yo umay have been at fault or not, that didn't give them the right to whack great big chunks of charges on your account.
Should you reclaim? Well, it's up to you. Personally, I woud think like this:
I'll reclaim my charges, if they play silly buggers and try to terminate the arrangement, I'll stick to it anyway. If they try to take me to court or default me, I'll defend the claim nail and tooth, and will look forward to explaining to a judge about the retaliatory action they have taken. When I get my charges back, it will take a great big chunk of my debt to them.
Well, that's what *I* would do anyway.
Apologies to people who I was in the process of helping, I may be gone some time.
18x£10 = , sadly, £180. So when the 18 months are up (which they soon will be) I'll still owe over £3100 and they'll hit me with interest.
I was very irresponsible in getting in to so much debt, but they were irresponsible in several times increasing my credit limit when all I used the card for was for gambling, and (unbenownst to them) I was out of work!
Sounds like it would be a good idea for me to at least find out how much the charges are - they can't penalise me for that. Can I claim back more than six years, and how do I calculate interest?
(Sorry if these questions are answered elsewhere but I'm not so good at navigating...)
Should I claim my charges from Barclaycard
, for a period of eighteen months, on a balance of £3300.
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