Interest payments on credit card,could i get any refund?

[mak71]

Just following on from another thread so as to keep the threads/issues seperate

 

 

i enquired on someone elses thread as to whether credit card interest charges could be claimed back on unenforcable cca"s,as i only thought penalty charges could be claimed back?i had previously never heard of claiming interest back,or is it best to leave sleeping dogs alone?

 

and was advised this

 

There are usually 2 opitions:-

 

1) Honour your debt but get the balance reduced by claiming charges and interest paid in the last 6 years.

 

2) If Card Co fails to provide proper Credit Agree't in response to a CCA request, you can repay the debt at a rate that suits you and get any negative credit markers removed. If you fail to pay the debt, a court cannot make you do so.

 

 

Now this is interesting one re answer 1,as one of my cards ive been paying the min monthly amount for about 5 years and most of the payments have been taken up in interest, could i make a claim back on any of that interest or is that deemed the price you pay for agreeing to credit even if it is a high apr,?

or does it mean get the interest back on what you may have paid in charges over the last 6 years as well as the charges themself?

Mak

[citizenB]

Mak, I think it is the interest on the charges, not the actual interest you pay monthly that you can reclaim. Sorry about that.