*** WON - BC charges repaid with Compound Interest ***

[Fenris]

Blast! Double post!

 

Might as well mkae use of this.

 

Just tried it with the Bank Account SS and I can't get that to work either. No matter what figures I put into either SS none of the balances tally with what I've got on my statements.

 

There HAS to be a better way!

Edited June 8, 2010 by Fenris

[slick132]

Hi Fenris,

 

There are 2 other options:-

 

1. Use this spready which was also included in the Int't Tutorial - http://www.shweb.pwp.blueyonder.co.uk/interestcalcs.xls

 

2. Use this calc'r to calc the int't on each individual charge - Compound interest calculator To make it work, use the guide at the foot of the calc'r.

 

Rate of Int't - enter the rate shown on your BC state't for cash advances.

 

No. of Rests each year - 12.

 

The first option is probably best because it will update the interest on each charge automatically when you change the current date.

 

Hope this works for you.

[Fenris]

Well, I'm just full of letters today! Got one in response to my letter asking for just over £4,500. to be repaid. It says, "We are very sorry to learn of your CLIENT'S dissatisfaction..." My client's dissatisfaction? My CLIENT'S? Bog standard letter to solicitors I feel. So, they reckon they'll sort it by 14th July. Well, they won't; I'll just get the "shove off" letter. I'm not waiting any longer, so I'll be starting a Court Claim. Will update as and when!

[Fenris]

Had to wait longer than expected to get a letter from the Job Centre so I don't have to pay for my claim. In the meantime I got a letter from BC to say they'd refund the CARD (that's not enforcable!) £350, plus £111 in restitution! They sent me a statement of charges too; very few actual charges I inccured were on it and the ones that were were all marked at £0.00. What?! I'm doing the Court form now and will be claiming for the £4,500 plus the 8%. We'll see.

 

Blast! Sorry, one question: what should I put in the "Brief details of claim" section on the N1? I've found the full POC in the Library section, but, obviously, that doesn't go on the front page!

Edited July 13, 2010 by Fenris

[slick132]

In the "brief details" section, adapt and use the wording from the N1 guide for bank charge reclaims:-

 

Money claim for return of credit card penalty charges and associated interest charges applied to the Claimants credit card account by the Defendant on the basis of a mistake because they are either a penalty or because they are invalid under the Unfair Terms in Consumer Contracts Regulations 1999.

 

[Fenris]

As always, you da man slick... Blimey! Don't know what came over me there! Thanks.

[tosh1]

subbing

[Fenris]

subbing

 

Pardon? Sorry, I have no idea what that means.

[slick132]

By posting as above, Tosh1 has subscribed to your thread and will be sent notice each time something new is posted here.

 

Subbing = subscribing.

 

[leilani]

Hope you don't mind Fenris I am gonna do this subbing thing too As yours is almost identical to mine

[gem77]

Im Subbing too. Hope thats ok with you as my BC also goes back to 1999

[Fenris]

Anyone can sub, now I know what it means! Lol!

 

OK, had a letter back today from the Court; Barclaycard are defending the case. I knew it wouldn't be easy for me.

 

Anyone who's done this know what my chances of winning are? I'm gessing 0%.

[leilani]

Oh Fenris don't think negatively! Be positive flower, they may say they are going to defend at this moment just to see if you will back off but most of the threads that I have read who have pursued suggest most banks pull out at the end and that's what's gonna keep me going

[slick132]

Hi Fenris,

 

Your chances of winning are very good if you prepare adequately.

 

First off, you should read up on dealing with the AQ and including your Draft Directions with it.

 

Experience to date suggests that you should then concentrate on getting your Court Bundle ready in good time. Put the stuff together in a file on your 'puter, ready to be printed when needed.

 

BC may defend at this stage but they tend NOT to file a proper and full defence in response to the evidence which you submit. By not defending properly, they cannot argue the case in court.

 

They will negotiate a settlement either before the court date, or at court before the hearing takes place.

 

[tosh1]

Good Luck mate.

 

were behind all the way

[Fenris]

Thanks to everyone for the support and particullaly to Slick for the advice. I was having a bad day when that letter came through, hence the negativity (I suffer from depression and some days are worse than others!). I'll have a read through other people's threads to see what sort of bundle I need to prepare and I'll update accordingly.

[Fenris]

Another quick update. Got a letter from BC today. Now, dispite my catagorically telling them NOT to credit my card, it seems they've put £221.00 plus £129.11 contractual interest back onto the card (which, having just checked is less that the £350 + £111 they said they were going to refund, so they're all over the place with their figures anyway)! I sent them the template letter for refusing this, but it seems to have made no difference and they've done it anyway. They're now offering me... wait for it! a further £42.80 contractualral interest "in full and final settlement" of my claim! Wow! This they're also putting back on the card! I mean really, they've got the Court files now and they honestly think I'm going to drop it for a measily forty quid which I won't even see? Not likely!

 

So, do I now send them another refusal letter? They've said this is now their final response.

[rebel11]

Hi fenris

 

I think it's common practice for them to credit accounts even if it's not been excepted as full and final settlement - don't get too upset by it. Just keep on plugging away as long as it doesn't cost you anything. Barclaycard believe they have a unilateral right to everything. The way they figure it is, if the accounts in debt it will reduce the debt, if the account is in credit you'll spend the money and they might get some interest off you.

[Fenris]

Well, that's part of the problem rebel. You see, they say I owe them just short of three grand. Now, by my calculations they owe me five grand! So, even if they keep adding these pittance monies back on the card, they've still got to give me two grand back. Add to that that the three grand they say I owe is on a card that's unenforcable... Well, you can see where I'm going with this!

 

I sat down one day and wrote out all the things I'd bought on the card and added up how much they'd cost without all the interest; so as if I'd bought them on my debit card. Then I worked out how much interest I'd paid during the time I had the card. Worked out that I'd spent twice as much on interest as I had done on actually buying the items! So, for every £10 item I bought, it had actually cost me £20. This is after all the Over Limit and Late Payment fees, mind you. So they've had plenty of money out of me!

 

If I have to fight them to the door of the Court room I will; they're not getting rid of me that easily!

[slick132]

Hi Fenris,

 

Re post #69 above, stick to the salient points here. This is a credit card which is obviously an expensive way to make purchases if you don't clear the balance each month. But that doesn't mean they owe you the interest you paid on purchases over the years.

 

How much in charges and in interest are you claiming from them please.

 

And how much have they now refunded, or agreed to refund.

[Fenris]

I was just making a point! I was running the card really well until I lost my job at which point BC didn't give a monkey's and started adding charges hand over fist. I know they're expensive, but I was only young when I took it out and didn't know how bad things would get. That's no excuse for ANY credit card company to behave the way they do! I'm not saying they owe me the intest at all, I'm saying they've had twice what I borrowed and don't see why they should have even more in charges! As I said, I was just making a point and don't really see why you responded like you did. I've always appreciated your help and have said so many times so I don't know whay you felt the need to be sharp with me?

 

For the record, including compund interest they owe me just under five grand as of three weeks ago when I filled out the Court papers. As of today they've refunded the card about £400.00, give or take a few Pounds.

[slick132]

Hi Fenris and I'm sorry if you felt my post was sharp. My intention was NOT to be critical, but to suggest you stay focused on what you can do to get back as much from them as you can.

 

I take your point, that you have paid a lot over the years and BC certainly have a bad reputation for sticking the boot in when customers fall on hard times. I was posting quickly and just wanted to say, "Don't get angry, get even". Apologies if you took offence as none was intended. 8-)

 

Once BC enter their defence, you'll be asked to complete the AQ. Have you sourced this and are you acquainted with the Draft Directions you can offer to the court.

 

Have you started to put your Court Bundle together. At this stage, just gather the necessary doc'ts and store in a file on your 'puter, ready to print off when required.

 

[Fenris]

Hi Slick,

 

Sorry, hadn't realised there'd been a reply since I last posted in this thread! Anyway, sorry for my previous wordings. I think I was just finding this all a bit too much!

 

Anyway, had a letter from the Court a couple of weeks ago and they've given me a Court date of 10th December, so I now need to get this bundle sorted. I've been searching the forums but I'm not 100% sure what I'm supposed to put in the bundle as I've never done anything like this before. I found this forum post: http://www.consumeractiongroup.co.uk/forum/showthread.php?94442 (entry #7); is this what I need to do? It looks really complicated and I don't understand any of the acronyms. And since the website's update I can't find anything! (What happened to, "If it ain't broke don't fix it"?)

 

So I need to get the paperwork in 14 days before the Court date so I've got a couple of weeks yet, but I really don't know where to start. Is there somewhere on the site that had a blow-by-blow account of how to put this bundle together and what should go in? A "Court Bundle for Idiots" guide, if you will?

 

Also, whilst I was searching, I came across several people who were going to charge BC for thier time in preparing the bundle. Is this really worth doing?

 

Cheers,

Fen.

[slick132]

Hi Fen,,

 

The court bundle link needs activating so it's visible again.

 

I'll see if this can be done - you should find it in the Consumer Bank Templates bit in the Library.

 

The site update was needed as the old system was no longer being provided with updates and support.

 

I'll not be around until after the w/end but, if you haven't got access to the court bundle by Monday, post here to say so please.

 

8-)

[Fenris]

Thanks Slick. Can't see the Court Bundle bit at all though.