Had second thoughts about the ppi part ,

seems a big job for just a little back as there wasnt much on there,

heres the spreadsheets attached as xls files ,

going to use the suggested 39.9%apr (thanks Old cogger).

If I amend the figures in the letters (post 13) that I will send with each spreadsheet ,

are we good to go ,

hat do you think ?

Thanks Andy.

shop direct.xls

newday.xls

they appears to hold the same data

IMHO if neither are still active

you cant charge creditor int rate past the date they stopped charging you it

IMHO if neither are still active

you cant charge creditor int rate past the date they stopped charging you it

Anyone else got a view on dx100uk thoughts on this ,I was going to claim compound interest up to the day they settle(if at all) ,I am sure newday and shopdirect will try to negotiate anyway ,so I thought best to start at the top ?

Thanks Andy.

there is that

there is also a court claim in restitution

which would back up the same.

Thanks dx100uk ,can anyone else spare the time to read and comment ,

thanks in advance Andy.

cant claim compound interest, you claim interest at taxation, which is currently 8% pa simple interest. If you sue you put down how much this is and then say that it is £xx.xx per day to date of judgement.

Anyone else got a view on dx100uk thoughts on this ,I was going to claim compound interest up to the day they settle(if at all) ,I am sure newday and shopdirect will try to negotiate anyway ,so I thought best to start at the top ?

Thanks Andy.

cant claim compound interest, you claim interest at taxation, which is currently 8% pa simple interest. If you sue you put down how much this is and then say that it is £xx.xx per day to date of judgement.

From what I have read on other threads other people seem to have claimed for interest on charges reclaimed at the creditors interest rate

Also earlier in the thread was a comment from Old cogger suggesting "shopdirect interest rate is 39.9% see their adverts?????"

Even more confused now .

Thanks Andy.

yes, you can do that but it will be at the whim of the court so you may get nothing. What you cant do is claim compound interest that is not part of a credit agreement.

Thanks ericsbrother ,

if I am clear on this ,

if I drop the term compound from the letter I send them and refer to the interest as being their interest rate (which is currently 39.9%),this would be better.

I understand your point that the court may not agree to me applying the creditor's interest to what I suggest they owe my wife.

Thanks Andy.

Hi all , sorry for the long break in updating the situation ,

I ended up phoning shop direct with regards to the administration fees added to my wifes account

recently got the attached reply ,

they say they see nothing wrong with the charges applied to her account.

Are my options now to send them a letter before action requesting the administration charges and compound interest at 8% running until judgement ,or secondly as pointed out in their reply to refer it to the ombudsman.

Thanks Andy.

img022.pdf

I doubt the FOS will side with you.

go read that thread in post 32

Really need to put time aside to deal with this , (12 hour days six days a week ,and a family and home to run doesnt help ) ,

from SD's reply we only have six months to refer it to the FOS ,

but as dx100uk points out we wont get anywhere with them.

Does the six month time limit apply to a MCOL ,

if it doesn't would the "8% sec69 interest" apply up to the date of first point of contact from me to SD , or court date ,

Thanks Andy.

no time limit on MCOL

and the 8% runs till they settle

no time limit on MCOL

and the 8% runs till they settle

TY Sir.

Got a couple of weeks off coming up shortly , so will be getting the ball rolling then ,

from other posts I have read the process seems to be

1.Preliminary Approach for Repayment (which I did over the phone ,should I also do this in writing ? ) received a standard rejection letter stating £12 fees were in the contract my wife entered into.

2. Letter before action .

3. Start a small claim.

Also been trawling the library for ages and cant seem to find the template letters section ,

am I looking in the right place .

Is the above the right course of action ?

Thanks Andy .

see the shelley and the matrin2006 threads

Thanks dx100uk , found a Preliminary Approach for Repayment in shelleys barclays thread , which has a link to the letter but the software reports " andyep, you do not have permission to access this page."

heres the link https://www.consumeractiongroup.co.uk/forum/content.php?605-Credit-Store-Card-Letter-Template , any ideas ?

Thanks Andy.

legal section of the library

legal section of the library

Your a star thanks again ,Andy.