Vanquis - urgent advice needed, please.

[Bear1978]

Hello all,

 

Hopefully you can offer some advice/experience.

 

I've just discovered my father, a pensioner, took out a Vanquis credit card some years ago, at an extortionate rate of interest.

 

All was fine until one day he fell behind with a payment, and ever since he has been paying a fortune every month just to pay off the fines and interest. He's paid them off more than he ever owed, but the balance is just as high and getting higher.

 

It's reached the point where it just can't go on, and he simply won't be able to pay them. It's taking all his pension. It's ridiculous.

 

I've suggested he may as well default, offer them a quid a month or something. Perhaps this isn't the best advice.

 

I would very much appreciate any advice on how to help him with this. He wouldn't even object to paying off the balance if they only stopped adding on charges and interest.

 

Can anyone help?

[dx100uk]

get reclaiming.......

 

you can reclaim ALL the charges at THEIR interest rate [compounded] from the date they charged you to the date of your claim.

 

what about mis-sold ppi too?

 

dx

[Bear1978]

Yeah, that was my first thought, too. First priority is to get them to stop whacking up the charges and harassing my dad, though. Just had a bereavement and it's all a bit much.

[dx100uk]

little you can do about that sadly.

 

if you put in a reclaim

the a/c goes into dispute and they must cease collection activities.

 

dx