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MBNA and PPI


Boltmaker
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Hi everone,

 

I hope some one on this wonderful sight might help with this query.

 

My friend and neighbour has been fending off MBNA for almost six years.

 

He has never admitted any debt to them or the numerous DCAs involved over time.

 

He has though made a slight mis-calculation in his timing in that he has applied for a refund of all ppi he had paid and tried to reclaim charges,

three weeks before this became statute barred.

 

MBNA are now claiming that this is an acknowledgemetn of the debt.

 

Can anyone please advise so I can pass the info on to him. The MBNA account by the way was a CC.

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it is NOT an ack of the debt

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Another letter from MBNA argueing again that they believe he has now acknowledged the debt by applying for a SAR and refund of PPI AND ALL CHARGES. Can you please explain why his actions are not an acknowledgement of debt and is there any case law on the matter or other regulation.

Thanks for your trouble.

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eitherway t matters not

as it doesn't reset the clock

 

do the reclaim wipe the debt out?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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any news?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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do the charges and ppi wipe the debt out

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Back again

 

I am told by him that he believes it does with a nice chunk to spare.

 

But he is about to give in I think.

 

He is 86 years old and was looking forward to being able to leave a little something when he's no onger around,

but being of the very old school where banks were so institutionall and respected

he has began to think he ih defeated and thinks of giving yp the fight

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fill this out

 

one for PPI

 

one for PENALTY charges

 

This fourth spreadsheet is useful in calculating a regulatory based compound interest award for PPI on a Revolving Credit Account. Not all statements are required for this sheet because it will work out the compound interest on the PPI payments you do know about. It will not work out the additional 8% interest, to do that you will need spreadsheet three above AND all of your statements.

 

FosCISheet v101.xls

 

 

thats the way reclaiming will go anyway

 

it will come off the outstanding balance

 

surplus to his pocket

 

thats why they have never been to court with it.

 

just check his CRA file FIRST

 

make SURE the debt is stil listed as MBNA and has not been sold.

 

MBNA are actually being a little bit coy too in their letter

 

as they know full well that the PENALTY charges reclaim is limited to 6yrs backdated only

 

so in all event they are actually SAVING themselves money by letting it go SB'ed

they wont have to cough on the charges reclaim

 

the PPI is diff

 

there is NO time limit.

 

IMHO i would get a reclaim in ASAP for both.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 1 month later...
  • 2 weeks later...
  • 4 weeks later...

Hi again,

After all this time yet another refusal letter from MBNA. He says that's it now he has had enough and has given in, but refuses to pay them any more." Let them sue me and suffer the press adverse publicity for sueing someone 86 years old."

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