£200 is now £500 + Default...help!

[jo5ephedward5]

Hello,

I had a Capital One credit card with a £200 limit – I got into a bit of a sticky situation last year and couldn’t afford the min payment which was very little to be honest however once one was late the £12 charges rolled in.

Anyway I ignored it for ages then sent a request for all statements etc – they were helpful and sent them, I was busy with more pressing issues at the time and did nothing with them, I had a couple more letters off them saying I now owed…wait for it £501 – I think I may have also had a letter saying the debt was sold.

I had a letter off various collection agencies suggesting I owed £501 to them but I never acknowledged them and they went away – now on occasion CapQuest have been after the £501 [i’m having major issues with them over another alleged debt] but again this is the usual idol threats.

I now have a relatively good credit file and have a host of upto date debts that all have good payment records for over 3 years – the only thorn in the side is this Capital One Default [and the other CapQuest one mentioned above].

Now I’m pretty sure that the debt is mostly charges and I bet some of the actual owed figure (£200) is too – I only have statements up to a point where it was £240 – I’ll go through that and see what’s been paid to them in charges…how should I tackle the rest…

I think it would be a case of contacting Capital One for the remaining statements then claim the charges back and get the default removed as part of it. The problems I see with this is I do indeed owe them some money even if it ends up only being £50 and also they will give the £12 is OK argument – how will that stand up when I try and reclaim my charges?

The Default was only caused because a late payment has ended up with £300 of charges on it now – do I have an argument that if this want the case I’d have made the £8 payment and all would be peachy?

cheers

[StokiePotter]

Just go for it....

 

Send in your SARS Request, tally up what charges you have had issued against you and get a request sent off to get them back

 

See my thread below...

http://www.consumeractiongroup.co.uk/forum/capital-one/134817-stokiepotter-capital-one-old.html

 

I also had a card with a limit of £200 and was being chased for £260 by a nice chap from Wescot (then CapQuest). Thought to myself... hang on, Ive paid near on £400 to Crap1 so where the blimmin'eck has £260 come from.... turns out I had paid near on £370 in charges and claimed back £503 (including interest / court fees).

 

Got my letter off them yesterday to inform me that they had agreed to pay me the £503 (minus the monies owed) to save the courts "Valuable Time"....

 

1 - Send off your SARS (plus £10 fee which is not refundable)

2 - Use the spreadsheet to tally up your charges (automatically adds your 8% interest

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/182-6-interest-calculation-spreadsheets.html

3 - Request it back by sending your Prelim Letter

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/671-2-letter-preliminary-approach.html

4 - Youll get the usual speal from them saying theyll only refund so much.... Stand firm for the full amount and send a Refusal Letter

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/25716-rejecting-offers.html

5 - Then send a Letter Before Action (they will stand firm and say "blah blah blah this is the final offer"

6 - Then fill out your N1 form and send off to the court......

 

Youll get a letter back saying they are defending the claim and within 3 weeks you should be at the stage I am now......

 

Now just for the Default Removal :-/ - Ill have to update you on that one, depending on how I get on

 

"Good Luck"

 

SP