morgan stanley or barclaycard ***DELIGHTED**

[brindles]

ok i can see a possible mistake i have made.

 

The in S.A.R i sent to barclays i have quoted my old account number and not the new account number supplied by barclays.

 

opps!

 

This then is maybe a claim against goldfish given the account number i quoted.

Or should i just now make a S.A.R barclays quoting my new account number and start again.

 

ok. the spread sheet. i can enter my details of charges and add the interest quoted by the calculator in your link. (one at a time) wich is compound interest.

 

If i make a claim against a bank will they recognise compound interest as a normal addition.

 

Is compound interest the % figure i see on my statement.

 

Do most people bother to claim interest

 

should i bother.

 

Thanks noomill

[brindles]

hi,

ok im sure this is where i was at before i got lost. i understand my charges, i also understand to calculate the interest on each indivdual charge by the days past since the charge was applied.

 

this interest is called compound interest. ok.

 

Is compound interest the one quoted on my statement, in my case 23.90%

 

thanks noomill

[brindles]

hi,

I have again looked at the interest quide and i can see the sums for compound interest and i understand the calculations using the simple fiqures in the quide.

 

compound interest is calculated by applying the period rate to the outstanding ballance.

 

Please forgive me as i do not understand what is meant by period rate.

 

Is it the 2% you used in the example as this comes to 26.82% and mine is 26.90%

 

thanks

[brindles]

so if i understand

 

a 20 late fee in 2002 and a claim date of 2008 with interest @ 26.90% for 6 years = interest of 62.84 = total claim 82.84.

 

this cant be right. if it is im rich lol.

 

thanks again noomill

[brindles]

hi noomill

 

ok understood, I didnt realise about the 360 day year.

 

so i list all the seperate charges, date, name of the fee/charge, interest amount and the totals.

 

i did fill out a spreadsheet already so i have an idea of what the finished item should look like.

 

I find it almost imposible to believe how it all mounts up.

 

can i really be legaly entitled to claim all the interest.

 

Do the banks have to pay the interest on a claim if i have asked for it.

 

If they dont or wont pay the interest, have the courts been backing the claimants.(lets forget about any court cases in jan 09 for a mo).

 

if you let me know im on the correct path I will do my list and let you have a quick look before i send it off.

 

thanks very much noomill.

[brindles]

i still am amased, but noomill has not given me the ok, so im still unsure if all is fine making a claim for the interest of that amount.

 

hope so though. lol.

 

thanks.

[brindles]

hi all,

thanks noomill, i will work it all out(try) and let you know before i send it.

 

I think the penny has dropped. lol

 

thanks noomoll.

[brindles]

hi again,

I have entered my charges and used NOOMILLs link to calculate the interest.

 

This is what I have come up with.

 

Could you let me know if this is ok as a S.O.C please anyone.

 

TOTAL AMOUNTS

640.00

 

 

1,525.45

 

 

 

 

 

Charge Reason

Charge Amount

Charge Date

Days

Interest

late fee

20.00

11-Nov-2002

2190

80.97

late fee

20.00

12-Dec-2002

2158

78.68

late fee

20.00

11-Jan-2003

2124

76.52

late fee

20.00

11-Feb-2003

2094

74.33

late fee

20.00

15-Mar-2003

2060

72.13

late fee

20.00

10-Jun-2003

1975

66.39

late fee

20.00

11-Jul-2003

1944

64.50

over limit fee

20.00

15-Jul-2003

1940

64.19

late fee

20.00

9-Aug-2003

1916

62.55

over limit fee

20.00

15-Aug-2003

1910

62.28

late fee

20.00

12-Dec-2003

1793

55.35

late fee

20.00

10-Feb-2004

1730

52.08

late fee

20.00

12-Mar-2004

1698

50.45

late fee

20.00

10-Apr-2004

1670

48.96

late fee

20.00

10-Aug-2004

1550

43.02

late fee

20.00

10-Aug-2004

1550

43.02

over limit fee

20.00

14-Aug-2004

1546

42.83

late fee

20.00

10-Sep-2004

1520

41.59

over limit fee

20.00

15-Sep-2004

1515

41.36

late fee

20.00

11-Oct-2004

1489

40.19

late fee

20.00

10-Nov-2004

1460

38.87

over limit fee

20.00

15-Nov-2004

1455

38.66

late fee

20.00

10-Jan-2005

1395

36.28

late fee

20.00

11-Feb-2005

1364

34.96

late fee

20.00

12-Mar-2005

1333

33.80

late fee

20.00

9-Apr-2005

1306

32.70

late fee

20.00

10-Jun-2005

1245

30.54

late fee

20.00

11-Jul-2005

1214

29.20

late fee

20.00

10-Dec-2005

1065

23.97

over limit fee

20.00

15-Dec-2005

1060

23.81

late fee

20.00

10-Feb-2006

1000

22.00

late fee

20.00

12-May-2006

908

19.27

 

Thats it? hope i have got it correct.

 

getting back to the question, Who should I claim against. Some say Barclay, some say both.

 

Would Barclay t/a goldfish cover it?

 

Thanks.

[brindles]

Sorry not pasted to well. Hope it makes sence

 

Thanks again, The interest in err interesting.

[brindles]

wow thanks. im gonna be rich. lol.

 

Will send to churchill place, is there a name i should add?

 

thank you all

[brindles]

I will let you know there reply.

[brindles]

hi all,

Lets not forget i have sent the following letter 17/11/08.

 

I am in receipt of the documents that you have supplied in response to my Data Protection Act information request dated 15/10/2008. received by you on 21st October 2008.The disclosure of personal data is incomplete in that at least the following documents are missing.

 

 

1) You have failed to provide a complete list of transactions and charges for July to September 2006.

 

 

Accordingly, I have to tell you that you have not yet complied with your obligations under the Data Protection Act 1998.

 

You have a further 15 days days to comply.

 

Yours faithfully,

 

This morning a have received 2 of the 3 missing statements. Aug and sept 06

but july 06 is still missing.

 

I know there is £40 of charges applied to the missing statement but i do not know on what date in july these became added.

 

should i send another letter

or just wait

or just forget about it and leave it off my claim.

 

I feel i should claim all they have taken, even if it is just one statement missing.

but i am also eager to file my claim.

 

thanks again for your advice. I realy cant praise you guys enough for your help.

 

[brindles]

ps I can confirm that goldfish are no longer replying to my letters as the last letter came from barclaycard themselves.

 

This concurs with your advice, sorry to all that i felt in two minds about this issue.

 

I now know that all claims against morgan stanley/dean whitter and/or goldfish are to be made against barclaycard at there churchill place address.

 

I post this reply for anyone in the same situation as me(learning but confused) in the hope it helps.

 

thanks to you all.

[brindles]

hi all,

I have been waiting for 1 missing statement to arrive and the time limit (40 days) has now passed.

 

Do i simply go ahead with my claim and not worry about it, or

 

as they have not fully complied with my request, it is now a different matter, or both?

 

thanks to all and as soon as i know i can send of my preliminary claim.

 

thanks.

[brindles]

hi slick

 

sent template 2 today and i understand to make a claim for non comlpiance. I am missing one statement.

In the meantime should i after the 7 days also make a claim for the charges in a seperate claim and in this seperate claim, should i claim i am making a seperate claim for a missing statement.

In other words, should i mention in my charges claim there is a statement missing and be able to alter my claim on the day, the judge being in knowledge of the process.

 

phew almost there.

 

thank you slick.

[brindles]

ok thanks

 

2 claims it is. one for non-compliance and one for charges.

 

I will get all the details together and let you know.

 

I am gratefull to every one for the advice and for getting me this far.

 

thank you all.

[brindles]

hi all.

sorry been away so long I have been ill. not to worry though as i have worked it out and I will send in my preliminary letter in the morning 11/12/2008.

 

charges=£760.00 interest=£1,609.97 total claim=£2,369.97

 

I will be sending to the churchill place address.

 

thanks everyone.

[brindles]

Hi again

In my letter for repayment I have given them 14 days to refund the charges.

I did not state in this letter the words "letter before action". Will I have to wait the 14 days and then send a letter before action or can i skip sending a letter before action as my last letter stated if they do not comply fully with my request within 14 days i will begin a claim for the full amount plus interest.

 

any advice please, thank you.

[brindles]

Ok I sent prelim letter on thee 11/12 so letter before action will be due to go out 25/12.

All seems to take a lot of time. Well I wil write letter now as I think something is happening on the 25/12 lol.

 

I would just like to thank you all and wish you all a merry xmas and a happy new year.

 

thank you.

[brindles]

hi all

hope you all had a nice christmas and having a happy new year.

 

I sent my preliminary letter before action and the 14 days was up on the 25/12/08 but on the 23/12 i had a letter from barclaycard saying although they do not agree with my legal ananalys they are going to credit the difference between the £20 charge and the £12 charge to my account plus 8% interest.

 

I have now received my statement and they have credit £324 to my account.

 

Could you please advise how this changes things,please.

 

many thanks.

[brindles]

Hi all

 

Thanks for the template, I eill be using template 4.

 

Although i wrote to barclaycard, churchill place e14.

The offer they sent has come from northampton.

 

Should i respond to the address supplied or continue to write to churchill place,ignoring the address supplied.

 

sorry again and thanks again.

[brindles]

Hi Slick

 

Thanks again i will post in the morning.

 

i will be back as soon as i get a reply.

 

thank you

[brindles]

Hi I have had a reply.

 

They have creditded my account with a further £505.00 refund of late payment charges at the same time they have reduced my credit limit by £500.00, they have also enclosed my original C.C.A with morgan stanley.

 

The original C.C.A is worthless to them and indeed is only an application form. No mention of payments,intetrest,and it says,in the box where i signed, "please sign and return in the freepost envelope provided-your application must be received by us before the 1st september 2001.

 

stapled to the application is another sheet of paper with financial and related conditions(there words).

 

My questions are

can they just reduce my credit limit,After all it is a refund of MY MONEY therefore I am entitled to spend my money on what i choose,but maybe not

 

Is time for talking over and should I now apply to court.

 

Thanks again to you all, almost there lol.

[brindles]

Hi noomill,

You thought correct. Would a template L.B.A be ok just changing to suit.

 

But other than that, yes very much please help with the wording.

 

Noomill-your advice given on interest has to be one of the single best pieces of information on this site and i suggest every one making a credit card claim, read and understand it.

 

Thanks to you all.

[brindles]

hi slick132

 

I have never questioned the enforceability of the account and i had intended to continue to run my account normally.

So in effect they are closing my account.

 

Will send rejection letter in the morning,but I am going to wait for noomill to advise me on the wording of my letter before action.

 

I cant thank you all enough for the fantastic support and advise.