tibawo
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Posts posted by tibawo
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I am really confused now. Bit of a background
I used to have a barclaycard.
Struggled with debt and ended up in IVA.
This was completed a few years back and I started to rebuild credit.
Eventually got a new card.
I wrote the current letter based on this new card.
The reply I got today says they think charges are fair as per previous response
but the copy of the letter refers to the other card I had in 2012 not this one.
They have included an ombudsman leaflet so what do I do next?
Write to them I intend to take action or just go to ombudsman?
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the ink ran out on the printer so I have not had chance to continue with my claim. I can't seem to find the template letter. could I use the one I sent to the bank or is there some legal reference for credit cards that needs to be in it?
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Still had fun and games as the download was php formatted,
in the end I downloaded open office as used to have this on the old laptop and it worked straight away.
I have put in all the late payment and over limit charges.
Total for charges was £108 and with a compound interest of 24.9% it is a total of £117.52 [can't remember where I got this % figure from but am assuming it is the right one].
The charges come from April 2015 onwards at £12 each. The limit on my card is £150.
other bank account is sorted.
I don't have any overdraft on the bank account just £8 fees for bouncing dd etc.
I am going to focus on credit card charges first otherwise I might get myself confused.
I presume I am now ready for the next step which is the letter?
is there a template?
I have seen one or two letters on other peoples success threads but not sure if I can just adapt these?
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Thank you for your replies so far and for being non judgemental of my situation. I have used step change to build a budget based on the minimum hours I have been working with so I can move forward but anything 'extra' to throw at the arrears/debts would be a god send to my health.
to be honest I am not up with all the laws and processes to do with bank charges but know that to go through a company who charge is daft.
I can't get the spreadsheet link to work at the moment, on the ipad I can see it but not enter text and can't even open it on the laptop. I am going to get a coffee and try again.
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Hi all,
Bit of a background of me,
came out of iva but in the mean time got a good job on a zero hours contract which in hindsight is bad for someone learning to budget.
hours feel drastically in June and despite company saying work will pick up never has.
I am now in a continual cycle of charges.
I have written to Nationwide but am stuck over Barclays both bank and cc.
bank charge £8 sometimes when a couple pounds over and sometimes more than once a week.
bcard charge me for late payment and then again for going over.
I have had to borrow to meet rent and council tax.
leccy bill is rising so started to research into charges.
really not sure how to approach Barclays.
I have list of charges but have no idea about how to structure letter.
want to tackle bcard first as this is spiralling and causing most stress.
charges are £12 a pop.
any pointers would be gratefully received.
Studio late payment charges while on reduced payments
in Mail order catalogues
Posted
Hi all,
I am after some thought and hopefully some pointers on my late payment charges with Studio. After getting myself in a pickle I am on reduced payments for a few things and most have frozen interest and waive any fees. Due to a zero hours contract I often have to pay my priority bills first.
My payment to Studio is £5 a month and no interest is being added. As of today the Debt stand at £120.
However i have noted that if I am late with a payment I get charged £12 which means that the debt doesn't go down and another 2 months is added to the payment plan. Say for example over the course of a year I am late with just 3 payment that's £36 which increases the plan by 7 months which I feel is a bit harsh. More so that if it got passed over to a debt collector the amount is frozen.
I have read other studio threads but not sure if it is still relevant as they are from a few years back.
I am not sure how to proceed, Is it worth doing? is it similar to claiming from the banks? can anyone help with a template?