It is very difficult to tell whether or not it would have been

Did you make any attempt to defend this ?

LTSB were pretty poor in respect of Default Notices, pre action protocol, etc.. so you might have had a chance.. you would need to tell us more.

What was the amount of the claim ?

which of your other threads is this linked too please

save people wasting their time chasing someone's tail

dx

Hi mate, it's a long story, I have been a member here for a while!

Just a summary:

Lloyds CC - Credit Limit £1750.

Stopped paying them.

Judgment entered against me near enough £3000 - 3-4 years after terminating payments to Lloyds.

Claimant got a AoE on me.

Applied for set-aside on grounds of non-receipt of documentation, unable to submit defence.

Judge called me a liar (in so many words) and denied the SA. Awarded costs (£120) to the Claimant.

Judgment now stands at £3200 +

which of your other threads is this linked too please

 

save people wasting their time chasing someone's tail

 

dx

Ok, there were FOUR threads on this issue - they have now been merged.

Hi,

I've had my SAR for a week or so and I just noticed 1 missing statement at the end...

April 2008 - Statement - Last payment ever made - Payment received - Thank you

May 2008 - Missing Statement

June 2008 - Statement - Balance from previous statement / interest charged

July 2008 - Statement - Balance from previous statement, charge off account, refund of interest

August 2008 - Responsibility for this account passed to Credit Operations Department.

I had a letter with SAR, stating "The statement for may 2008 is not available on our system".

I just wondered why it is missing when 2 more statements followed after.

Hi

I've added everything up from all statements.... is something wrong here or have I missed something?

Total Purchases Made:

£2545.44

Total Charges:

£297.50 (late fees etc)

TOTAL £2842.94

Total Interest Charged:

£933.05

The card was on different interest rates:

monthly 1.385 - APR 17.9%

monthly 1.527 - APR 19.9%

monthly 2.210 - APR 30.0%

When I calculate the percentage of "2842.94" to get "933.05", the percentage is 32.82%... Which is a rather high percentage. So overall for my purchases I have been charged 32.82% on top.

I've not seen any claims regarding over-calculated interest, so I'm probably wrong here but thought it was worth a post.

How long as the card been open?

Hi mate

2005: Credit Card account opened.

2005 - 2008: Account Active

2008: Account closed and sold to a DCA.

2011: Judgment (CCJ)

Cheers

Did you calculate the interest from when the account was opened + compound the interest charges?

Did you calculate the interest from when the account was opened + compound the interest charges?

Hi, I just added it all up from the statements (manually) and did the calculations from the results.

Tomorrow I will use that very good spreadsheet (CISheet v101.xls)

I posted this thread with regards to the interest they charged me on my purchases, as according to my calculations sometimes I nail the fiquire bang on but other calculations are coming up short... I estimate that they have over-calculated the interest by roughly £80, but I've not seen anyone bring this up on cag.

I've not seen a claim against mis-calculation of interest, though I did read an article earlier where the author estimates billions of £'s have been reaped by the banks via over-calculation of interest.

Cheers

Sounds like you're on the right track. Remember that interest accrues on interest with these things..

Hi, thanks for the help!

I still can't get the fiquire they have achieved.

Statement Balance (inc interest)

=£1,708.73

 

Actual PURCHASES (not inc interest)

=1453.13

 

Statement Interest Charged

=237.92

 

Compound Interest

=17.68

 

TOTAL INTEREST CHARGED

=255.60

Having tried a few combinations, the closest I can get to the interest charged is this:

1453.13 minus 17.68 = 1435.45

17.9% of 1435.45 = 256.94

I have a headache now!

You will have to analyse this month by month rather than adding up the total for the account.

Also remember that interest is charged on interest and that interest is charged on late payment fees and over limit fees.

Also remember that credit cards have interest charges applied with relevance to a charging period and from the date purchases were made.

You'll also need to know which items are paid off first when you make a payment to the account

You'll have a lot of work to do on this exercise.

ims

Hi ims, thanks for dropping by!

Thanks for the info,

Yeah, I already spent 4 hours inputting it all into the spreadsheet!

Alot more complicated than I thought and I don't think I have the brain capacity to carry on!

I very much doubt they miscalculated it, so I'll let it drop.

Thanks again for your time

Hi,

Wondering if anyone can shed any light on this,

Where does the law stand on digital signatures on a direct debit form?

Basically a DCA are requesting "A hand written signature" or "original signature" for the "Banking process".

My question is: Will the bank NOT accept digital signatures on DD forms?

Or are they just pursuant on gaining a copy of my hand-written signature?

Thanks

Before you start handing over your hard earned cash to a DCA.

Can you please shed some more light on the debt in question including dates etc.

As to a Direct Debit, NEVER pay a DCA by Direct Debit, only pay by Standing Order, that way you are in complete control and no-one can then abuse the DD process and empty your Bank Account.

Stigman

Standing order only, then you have

total control, you instruct your

bank what you want to pay and

when and the DCA does not get

a copy of your signature and cannot

chamge the amount.

No doubt they will throw their toys

out of the pram, but you are in charge

of what you pay not them!!!

Hi guys, thanks!

Debt cannot be disputed (CCJ), the court has ordered X amount per month through a suspended AoE.

So where do I stand?

Am I in the right to deny payments through Direct Debit and request standing order only?

Thanks

Yes it's still your money, let them

send you a DD mandate, use the banking

details thereon and set up the SO job done.

The court has not made an order on the method

of payment only the amount and frequency.

Great stuff, wish I know that before! You are right, looking at the Court paperwork, there is no mention of DD

Thanks mate

Will get the SO setup soon as, cheers!