i would like claim credit charges sky credit card issued by barclay.

i did sar to barclay and received all data going back 2004/05.

account went to default in 2006 and sold to capquest and

i paid the account to capquest by 2008.

question is here who to sue in court barclay or capquest for charges?

i did not paid any payments to barclay towards debts.

all the payment paid to capquest around £800.

credit limit was £250.

rest of charges,

CAPQUEST said the did not apply these charges so they are not going to refund it

you need to contact barclay.

barclay replied same old charges over 6 years so no refund.

i need help with compound interest.

APR 16.9%PA(VARIABLE)

MONTHLY purchase interest 1.8793%

monthly cash interest 1.992%.

i used MSE calculator which only showing £710.00

which very lower amount.

MY ORIGINAL claim was £710.00 which barclay refused.

they will only listen when they received court claim.

i am confused with apr on spread sheet should i put 16.9% APR?or 29.9%?

thanks in advance

Hi Shaha and welcome to CAG

Have a thorough read of the thread linked above by Dx.

Also, see a shorter and more recent one here - http://www.consumeractiongroup.co.uk/forum/showthread.php?368541-trancyb-vs-Barclaycard

Use a compound interest spready and a nominal rate of 24.9% to calculate the charges and interest.

You would have to sue Barclays Bank PLC t/a Barclaycard.

Only start court action if you're prepared to see it through to a final hearing.

Come back when you've read through these threads. They should pretty much cover everything but we'll help further as necessary.

PERSONAL DETAILS CLAIM CALCULATION

Claimant Name: shah77 Total of Charges £460.00

Lender Name: credit card

Compound Interest £2,309.87

Account Number: 0

Claim From: 04/11/2005 Claim To: 23/04/2014 Total £2,769.87

Interest Rate (APR): 24.90%

"Date of

Charge" Description "Amount of

Charge" "Number of

Days Elapsed" "Compound

Interest"

04/11/2005 over limit fee £25.00 3092 £139.22

05/12/2005 over limit fee £25.00 3061 £136.14

30/12/2005 late payment fee £25.00 3036 £133.71

04/01/2006 over limit fee £25.00 3031 £133.23

30/01/2006 late payment fee £25.00 3005 £130.74

03/02/2006 over limit fee £25.00 3001 £130.36

01/03/2006 late payment fee £25.00 2975 £127.92

03/03/2006 over limit fee £25.00 2973 £127.73

29/03/2006 late payment fee £25.00 2947 £125.33

04/04/2006 over limit fee £25.00 2941 £124.78

01/05/2006 late payment fee £25.00 2914 £122.34

04/05/2006 over limit fee £25.00 2911 £122.07

29/05/2006 late payment fee £25.00 2886 £119.85

05/06/2006 over limit fee £25.00 2879 £119.23

30/06/2006 late payment fee £25.00 2854 £117.05

06/07/2006 over limit fee £25.00 2848 £116.53

31/07/2005 late payment fee £12.00 3188 £71.57

29/08/2006 late payment fee £12.00 2794 £53.74

04/09/2006 over limit fee £12.00 2788 £53.50

29/09/2006 late payment fee £12.00 2763 £52.51

04/10/2006 over limit fee £12.00 2758 £52.31

hi slik123 can you check that please my spread sheet is correct.i am still reading all the thread and print out lot of information.its covers every thing from start to end.thanks

attach the spreadsheet via the go advanced button bottom right

then manage attachment

makes sure you remove pers ID first

dx

Hi Shaha,

I assume the figures above were copied 2 days ago from your spreadsheet and the columns are for :-

Date; Description; Amount; No. of days since charge to date; Compound Interest to date

The figures on the top line look right so I assume the others are too but I've not checked the rest.

Continue with your reading of example threads to make sure you get your claim started properly. In your POC, include mention of Sempra Metals v I R Commissioners re Compound Interest and Kleinwort Benson v Lincoln City Council re Limitation Act 1980.

thanks dx100uk here is attachment.

looks ok to me

dx

one question

as i mentioned in my first thread that i did not paid any payments to barclay that account .

the first payment was paid capquest in 2006

and account fully paid to capquest august 2008.i

s that barclay not going argue that they never had any payment towards that account

so why should they pay compound interest from date of first charges.

2nd the only have got application dated 17/09/2005 not the agreement.

thanks

if you payments show on the Barclays statements

i'd suspect cabot were only collecting for BC

dx

No payment only charges.then payment shows in 2007 account balance went to zero in sept 2008.when fully paid to capquest.

Our experience here with BC reclaims is that they will pay compound interest if you stick to your guns.

They argue all the way up to a court date, making increasing offers but have normally settled at the figure claimed, or close enough to it.

i didn't start my claim with BC i was busy with 4 debt collector at once about their court claim

all been sorted for now

i will start new thread related to them.

now i am posting my claim to salford on monday i want to make sure that my daily rate is correct.

total claim including compound interest 2833.24x 0.00022 = daily rate is 0.61p is that correct?

interest under section 69 of county court act 1984 at rate of 8% per annum on amount claimed 2833.24 daily rate of £0.61p until judgment or sooner payment.?

thanks

Think everyone is watching the footy today

i didn't start my claim with BC i was busy with 4 debt collector at once about their court claim

all been sorted for now

 

i will start new thread related to them.

 

now i am posting my claim to salford on monday i want to make sure that my daily rate is correct.

 

total claim including compound interest 2833.24x 0.00022 = daily rate is 0.61p is that correct?

 

interest under section 69 of county court act 1984 at rate of 8% per annum on amount claimed 2833.24 daily rate of £0.61p until judgment or sooner payment.?

 

thanks

if you've used the CISHEET @ 24.9%

then you are claiming in restitution

you cant claim the 8% too.

dx

Hi Shaha,

To get an up to date claim figure, you need to open the compound spready and it should give you a revised, and slightly increased, interest figure.

You can claim simple 8% s.69 interest from the date of the claim up to settlement. The multiple you quote of 0.00022 applied to the total of charges and compound int't is correct and that will be the daily rate you mention on the claim form.

thanks slick and dx.

do i need to send my all statments with my poc?

yesterday i received another bundle of papers from bc

the account number is totaly different to what i shows up in statements .

i rang them up but the guy over the phone

don't know why there are 2 different account numbers for same credit card.

all my credit card statements never showed this new account number.

2nd their data shows that i was present in uk since 2003 .

i came to uk as student in 2004.

when i question them why your data shows that i am in uk since 2003.

he put the phone down.

i did SAR to CAPQUEST as well i want see which account number they have got

and how much charges the add in to the debt.

however i am posting my POC on monday any way.

Its a guess but maybe when your account changed hands it was given another number?

Hi Shaha,

You should not be calling anyone by phone if possible, unless you record what is said.

Check the statements to see if they actually relate to you and your account. They may have sent you info for someone else so check name, address, a/c number, amounts, etc.

If possible, you should resolve this matter before sending off the court claim I think.

Do not send any a/c statements with the Form N1. The statements will be used as evidence if/when you come to prepare your court bundle.

Have you read up on the process properly. If so, you should know that the statements would not be sent to court at this stage.

up date:

I was away for while due to my eye surgery.As slick advised in his last post. I did resolved the account number.filed the claim and BC got till 11TH JULY to defend. I have received their acknowledgement letter today.BC will file defence if appropriate by due date. i will update asap when i received their defence.

While you wait for their defense start looking up the next stage. Draft Directions and AQ

Maybe consider after their defense doing a Part 18 request for information against RBS.

I am pretty sure that where I asked before the defense (and they refused to answer) as to what were the costs to RBS of me breaking the agreement every time and how are these calculated and that that information was critical to the case and could of led to the case being discontinued if they proved with the info they were penalty charges, puts them on th wrong side of a wasted costs order if I get that far.

And of course that all adds to the risk on their side Cases are managed by continuous risk management. That risk gets to a certain point and it becomes economical to make it disappear

Hi Shaha and thanks for the update.

Barclays Litigation will defend the claim. Use the time now to research your next moves in the claim process.

My post here was made before I saw SS's post #21.

...till 11TH JULY to defend...

Same here - http://www.consumeractiongroup.co.uk/forum/showthread.php?421662-BC-penalty-charges

spoke court today

BC DIDN'T FILE THE DEFENCE .

DUE TO COURT NOTHING IN THEIR SYSTEM THAT BC FILED A DEFENCE

.BUT THEY DID SAY THEY ARE BEHIND 5 DAYS TO UPDATE THEIR SYSTEM .

SHOULD I GO FOR JUDGEMENT OR WAIT FEW DAYS?

BC DIDN'T FILE THE DEFENCE .

Did they send anything direct to you ? Usually they will file their defence and send the claimant a copy at the same time. They had until the 11th with my case as well, I got email on Friday (11th) and a letter today with their defence.

Can't understand why court would be 5 days behind, some system !

However, If it were me I'd send in the form for judgement by default, see what the court does. If they have the defence they'll file that before your claim and will let you know, but - just in case - it could be worth having a go. If BC were late for some reason, the court will know and may allow your claim.