Just a heads up.

Sent off I+E form and got the replies today. one for each card.

I+E shows after expenditure the surplus amount for Debt payments pro rata as a negative amount. i.e outgoings are more than income to the tune of £100 pm. The pro rata amounts to Barclaycard are -£38.18 and -£20.68 they have said in the letter that if these amounts are paid to the two accounts by March 17th then a repayment plan will start. It does not mention amount or timescale. Is this a game ? as i said the amount left for debts is a negative amount and someone at Barclaycard has obviously seen the pro rata amount as a surplus ?

Thanks

Thanks

I have sent a I + E via email to an address given to me by BC. I did emphasize to them to conduct responses to secure email or by letter and received a phone call today ( i did not answer) i have since re-emphasized the former. I will suggest your response to them ...thank you...I know i owe the debt and want to pay it back but NOT with their extortionate interest rate

As for the advice options..i have not

All i have done is sent the I + E via email. I have not sent a letter and did not mention freezing interest and penalty charges , what is the duration i could ask them to consider ?

Both accounts were opened January 2010

I confirm both your accounts are on hold until 21 March pending receipt of your income and expenditure details.

 

Although interest and fees will be suspended for this period, arrears will accrue without payment, and as a responsible lender, we will report this on your credit file.

 

I hope this is of assistance.

This was emailed today and i emailed the I + E

Thank you...

Also no more contact via phone. Always insist on written communication.

can i add this to the SAR letter ?

When i cancel the DD what are they likely to threaten me with ?

Have been looking at the Joseph Rowntree foundation for I + E and found that after basics i have really been missing out by a few hundred pounds of what is called a minimum standard of living...by this i mean the money is taken to pay cards ..

Its hard to say when they were opened .Should i just ask them ?

Thanks, I do own my home joint mortgage with about 68K left and i have defaulted on others but have kept up to date with agencies...they don`t want to help me as they have said i can meet the minimum repayment amounts..they would say that as i am paying them just their interest.

Will check the accounts..why does the length of account opening so important ?

Because it is MY debt do i have to incorporate my wifes income or soley mine in the I + E or as a family income ? as we have our own accounts for money ? very confusing

Of course..so send a subject access request and i + e but what about DD and continual payments ? as i cannot afford to pay what they are requesting via DD next month...do i cancel DD until further notice ?

sorry what is a I + E ?

from latest statement..

Previous balance £4683.65

Purchases £ 0.00

Interest & charges £ 121.69

Payments received £ 0.00

Closing balance £ 4805.34

My current statement interest and charges after the "freeze" of my account for 30 days is 121.69

Thanks for the reply...there are a few..I will need to sift through history if possible via my online Barclaycard account .

How do i go about repaying the debt and not paying interest now though ? and could they not just keep charging me fees if i did default payment ? My biggest fear is baliffs coming to recover debt as it is solely mine and not my wifes..

Hi,

A quick heads up on my dilemma..

.similar to another post .

I currently have 2 accounts with Barclaycard totaling nearly 7k

my £180 monthly payments are the most i can pay..

.The debt does not decrease though as it gets swallowed by interest payments.

My credit rating is very poor and i cannot get any which is a good thing as it stops future debt.

I have contacted them regarding this and although they said they would freeze repayments for a month whilst i send them a expenses form.

..I do not want to stop paying the debt its the interest that i dont want to pay..

.I have even told them i will just stop paying because of my credit rating.

I have just had a letter though charging me late payment fee and overlimit fee and the bill is for 2 months repayment.

..it totals £160 just for 1 account..

.I need advise please as they say if i do not return the expenses form by 25th feb then they will revert back to charging interest