OFT Judgment and credit cards

[Castlebest]

I have today received a letter from a credit card company I have taken to LBA stage but put on the back burner for a while and have not exchanged any correspondence with them since September last year so this was out of the blue.

 

In amongst the normal we are right rubbish they always write is this little gem...

 

This company recognises that customers sometimes exceed their credit limit and/or fail to make a payment and has systems and procedures in place to deal with this.

I believe this is a direct result of the OFT test case judgment and this company will now be claiming there is no breach of contract and therefore no penalty charge... the least this will do is muddy the waters.

 

I will of course be responding in my normal way :grin: and maybe its time this claim came off the back burner to make them prove their outright lie that they have

 

successfully argued the fairness of this policy and of the £12 charge in court with the result that the claims have been dismissed, and the courts have implicitly held that the policy is fair and the charges reasonable

 

I think the County Courts would like to see evidence of this too.

 

Any thoughts would be appreciated

 

pete

[steven4064]

Pete

 

I understood that the OFT statement on CCs basically said that late payment charges were penalties. I don't know of any case where a CC company has argued in court about the £12 charge and certainly the OFT never said a £12 charge was acceptable - the only said that they would take no action for the time being. The OFT statement explicitly says that the fairness question must be settled by a court.

 

They are bluffing (or worse). My response would be the same as yours

[Bigmac versus]

Beggers belief.

[Castlebest]

Its nice to know we all agree with some of these letters they send out I sometimes wonder if its me thats missing something .

 

pete

[dpick]

Its nice to know we all agree with some of these letters they send out I sometimes wonder if its me thats missing something .

 

pete

 

 

Nah it's they buggers that's missing something.

 

dpick:)