Hi All,

I have a Barclay card as above,

I am paying every month by DD not in areas no late payments paying just over the minimum can not afford any more

they keep upping my interest rate 28% NOW,

how can they justify this when the bank rate is at an all time low,

I feel like I am being robbed but can not do anything about it,

I don't have the cash to pay the balance in full.

Any suggestions on how to get them to stop with the interest rate rises.

thanks

El

Consider the CCA route if the debt is large and you can not envisage paying it off. You will probably have a low credit scoring pay off being more money in your pocket if there is no agreement. Are there any charges you can claim back.

No charges to claim back as never had any applied. I just want get it paid off but they seem to have other ideas:mad:

Hi Ellis,

Have a look at the first few letters here - http://www.consumeractiongroup.co.uk/forum/debt-bailiffs-advice/20758-creditors-dcas-letter-templates.html

Send the one you feel most appropriate for your circumstances.

Just so you're under no illusions, BC are usually unwilling to accomodate requests like this but you have to try.

If they refuse, there are alternatives you can look at, for instance you can check to see if they have a valid Credit Agreement.

If they don't, in theory, you can repay the loan at a rate that suits you without any more interest or charges being added.

In practice, it's not that simple with BC.

Hi All,

Well, received a response to my request to lower the interest rate which was refused,

replied to email asking for the justification for the increase which I think is very unreasonable.

I veiwed my account on line and noticed they do not state the rate they are charging you on there.

Here they are trying to entice pepole to take out their cards with 12% interest rates yet charging existing customer rates more then double this surely this must be able to be challenged. I hope when we come through this financial crisis people remember the Banks/Credit card companies that took the .. and give them a very wide birth.

Seems to me that to compensate for the fact they can not longer dish out the credit to all and sundry they are going to fleece they ones they already sucked in.

Thanks for all your advice let's see what they come back with.

I think I might just email them every day with a one line question as to why they are robbing the poor to pay for their sorry mistakes in the banking industry anyone got a group email address.;-)

Would love to start a chain email to name and shame.

Received a response from Kearns to CCA request saying I did not enclose the required fee, sent a blank uncrossed postal order for £1 with request how do I respond?

Thanks

Theyre stalling. Remind them they have 12+2 and the money was sent, and the time is ticking. Then ignore until they provide the CCA

You DON'T respond, they know the rules.

Keep their foolish response safe, then when they flog it on, you have the new clowns over a barrel.

NEVER tell them that they have failed. IGNORE them. (IMO)

Otherwise you encourage the clowns in a game of pointless letter tennis.

Can you advise how to proceed.

I sent a cca request to kearns solicitors/asset finance included a blank postal order and sent recorded.

Received a reply today saying they are unable to comply as I did not enclose the required fee?

Thanks in advance

already answered in post 7

dx

Yes correct, the request was sent 3 months ago.

pers i'd ignore them until/unless your get a PAP letter of claim

If they failed to reply to the CCA reply, that's their problem. They're in default of a valid CCA Request and cannot take further collection action until they comply with the request.

When did you last pay BC or any DCA toward this a/c.

I agree with DX - just ignore the begging letters for now.

Last payment was about 18 months ago I think.

it doesn't matter that they say the fee was not sent?

I have a reciept for the postal order which states the id number didnt think to take a pic of the actual order.

Thanks for the advice

If last pay't was 18 months back, the a/c isn't Stat Barred for another 4.5 years.

When was the a/c defaulted by BC.

I dont remember receiving a default notice.

not listed on your credit file?

Hi Ellis,

Is this a/c still showing on your CRA files.

When were you first persistently unable to meet the minimum required payments for the a/c.

Oops, missed DX's reply when I posted my Q's.

Received another letter today giving me seven days to propose a payment plan or they will proceed with legal action.

I have wrote a simple reply saying please find enclosed a copy of my CCA request together with a copy of the receipt for the postal order sent with it.

Is this my best course of action?

Thanks

Ok thanks will ignore this letter. I got it ready but haven't posted as wanted to ask on here first.

Ellis - what year did you open this account?

2003

I have just checked all my correspondence from link and I had a letter of claim in November 2017. Should I still ignore their latest letter?

Thanks

post 17

Hi Ellis,

Just so we're sure, please confirm what the "letter of claim" said briefly.

It's from Kearns Solicitors.

Headed letter of claim gives outstanding amount assignment date.

Date agreement started.

Demanding full payment.

If unable to pay complete attached reply form and financial statement. Gives 30 days to reply

. Letter dated 17th Nov. 2017

Sent them a cca on 4th December.