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Claiming Credit Card Charges & Interest in restitution


Secretjay
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Hi,

 

I've had 2 Barclay Credit Cards for about 12 years now. For the last 4 years I have been making reduced payments to both of them and have not been getting charged interest.

 

I have all my statements and I'm now going to reclaim all my charges & interest, compounded & at their contractual rate (well hopefully)

 

My question is do I reclaim the charges up until today or only until 4 yr ago when I started paying the reduced payments and they stopped charging me interest?

 

Also, I sent a CCA request on 1st May all I have received back is a blank application form and terms & conditions. I haven't replied to them and as yet they haven't cashed the £1 cheque.

 

Sjay

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Hi Secretjay,

 

As I see it, if you are claiming interest in restitution, you want back your charges plus the interest necessary for you to be recompensed for them not only having your money, but using it to earn themselves a profit from it.

 

So, to balance the equation, you claim back the charges plus interest to date (and up to when they settle your claim).

 

Whether they have charged you interest on the a/c does not matter. They have deprived you of your money (charges) and have profited by having it. You now want that situation redressed.

 

You should read, and understand, the Interest Tutorial at Link No6 in my signature below.

 

The only complication which I see is that there remains a balance on the a/c which you owe to them, which you may want to take into consideration when settling this matter.

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Thanks slick132,

 

I received alot of charges on the account when I first got into difficulty & started making the reduced payments (about 4 yrs ago).

 

So you think it's ok to reclaim these charges & the interest on them up until today even although they might not be paid for yet but are added into my balance.

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YUP !!

 

Go for it.

 

:cool:

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                                            Have we helped you ...?  Please Donate button to the Consumer Action Group

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

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