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.
I had an Egg card, in the midst of borrowing from Peter to pay Paul, i changed this into an Egg loan, to get an end date etc
Now when the loan was going thro Egg told me i wouldnt have to pay my Egg card account, cos it would of been paid by the loan and cleared. Nether the less, the direct debit went thro for the loan and credit card and everything else, effectively pushing me over the edge, even tho id been on the edge for some time :-| .
So my debt has been transferred to a DCA, ive been paying them thro Payplan anyway.
Since all this has come up with reclaiming and cca requests, i realise cos i changed to a loan, there isn't going to be a lot i can claim for. Odds are they will have the loan agreement, well they should as it was only done 2 yrs ago.
I paid by direct debit, so will have hardly any late payments, maybe some for going over my limit, how much do Egg usually charge for going over your limit?
Ive sent them a cheeky email to see if i can get my statements without sending a SAR. Probably still have to send a SAR next week, but no harm in trying
So thats it, if anyone can answer the question, id be grateful.
If anyone has any suggestions on a point of attack over, id again be grateful.
Said there is a £2 charge per sheet to a maximum of £10, which we all know is the right fee, if i were to agree, they would deduct £10 from my Egg card and i would have them in FOUR working days, wow these boys dont mess about do they lol, shame they cant charge my card as its been closed :/
Well received a secure message today, stating as my card is closed they will supply the statements free of charge and i will recive them within 4 working days Lets see if they turn up
I am in a similar situation as my Egg account got clossed a couple of years ago and I got the statements through very quickly from my request, they then offered me £80 when I was asking for £500 (reduced charge to £16 from £20). So I have part accepted and am waiting for response to lba.
Cheers Yode, i got in a muddle with mine and ended up defaulting on the loan. they have charged me interest on 3 payments after the date of default tho, not sure if this is right?
Trying to get PPI back too, obviously once i default no way i could claim so of no use, so id like the money back thanks Egg
Still waiting for the credit card statements, but like i said earlier, i dont think they will be many charges, maybe 3-4, might scrape £100 in charges i think, will soon see..................
Why do you ask for £600 when they are going to give you £654, after just one exchange of letters in English (provided you say the right thing), taking probably less than 2 weeks?
Egg is the civilized card, they don't do court now (used to).
To be honest, it came as a shock, as i previously posted i only thought i would have 3-4 ranging to £100 maybe. So hadn't really geared myself up for anything to big,thought they would refund £100 no problem, so when it totalled £600+ i was surprised, havent read many of the other Egg threads, can only go on the fun im having with other banks.
I only asked for £600 because although the Egg Card account is closed, i defaulted on the loan to clear the card, i would prefer the charges money back in a cheque, so i stated i would only accept £600 in a cheque if they didnt agree, i would then persue the full amount plus further costs. I didnt realise they would be as easy as this, thought it would be a goodwill offer of maybe £200, then haggle before court, where as id just prefer a quick settlement if poss.
It is only easy if you follow the proven route, walking a line through the minefield between two ropes marked out by forerunners.
When your itemised claim goes in, Egg comes back with a template question -- "We have obeyed OFT guideline and dropped our charge to £16. You say our charge is unlawful but do not offer evidence to prove it."
This is like a catechism question, and must be answered by a skilled retort such as in moc1982's winning thread, or you might not proceed by express to the next stage. After "Open Sesame" has been correctly intoned, then Egg sees no profit in further resistance so throws in the towel, before you can say Jack Robinson. No aggro, no court messing.
Previous post i was wondering if i was right or wrong, still not sure 8)
When i added my charges up, i came to £460, i duly added interest.
This is my question.
I had the card between 2000-05
Interest was 1.093% a month until Oct 04 (13.11% apr)
From then it started as Cash Interest 1.240% & Merchandise interest 1.167% totals 2.407% (28.884% apr)
In March 2005 it rises to total 2.552% (30.624% apr)
In August 2005 it rises to 2.625% (31.5% apr)
Then the last 2 months before my Egg loan cleared the Egg Card my interest rate was 2.837% (34.044% apr )
Now what rate of interest do i charge? Do i keep it to 13% can i getaway with changing it to 34% or do i total every months percentage up and then divide them to get an average percentage over the hostory of the charges? Or do i go for 34% if its wrong, let them work it out ?
This is not rocket science. If you get the total wrong by a few pounds I do not believe Egg will quibble.
As Egg constantly varies its monthly interest rate, I would simply accrue the interest month by month using the rate applicable to that month. The Purchases interest rate is probably applicable, not the Cash Advances interest rate.
One thing though, in any month where your debit balance was much reduced by pay-ins, your interest accrual should not exceed what was actually accrued by Egg. E.G. If in Febraury 2005 you paid off your entire balance, then all your previous unlawful charges and interest should accrue zero interest in February 2005. Spreadsheets are but a convenience to reconstruct the unlawful interest which was physically, actually levied by Egg. Because this type of interest got mixed up with interest accruing from Purchases, it gets quite complicated. Egg is unlikely to split hairs, thank goodness.
Cash Advance interest is accrued on cash advances until paid off. Merchandise interest is accrued on purchases until paid off.
It is either or, never both.
Not sure which rate is used for charges until paid off, probably the latter.
Well i sent the lba by mistake over the secure messages on their website. I did get a reply saying they have forwarded my request to Derby and i will get a response in 3-5 working days. Obviously i didnt, their 14 days is up, but as i sent the LBA by mistake, i today sent a pre lim by snail mail to Egg at Pride Park, havent mentioned a deal, claiming the whole amount plus interest, ive gone for a higher level of interest too.
Wednesday 1867 poss vs Egg
with Payplan.
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Originally Posted by Mistermind
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