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Question on fees and interest


gerson
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Hi All,

 

Just two very quick questions (saves me digging through reams of paper at home)

 

Just had recent statement of account from CAP1 and noticed the following:

 

1. Purchase interest x.xx when balance was paid off in full between statement dates (and before deadline).

 

Prior statement balance was zero,

so say make purchase in November appears in December statement,

paid statement balance in full mid December (within 7 days)

- but still find Purchase interest in January statement.

Thought you got approx. 56 days interest free on purchases????

 

2. Had a credit balance which I transfered from CAP1 to another CC and was charged a 'Balance transfer fee'.

 

Is this allowed (approx 3% of transfer funds)? Effectively charging me to get my own money from them?

 

Responses welcome - even if "tough luck them's the T&Cs"

 

G

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1. check thier T&C's

 

2. the same

 

sri

 

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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  • 3 weeks later...

Update,

 

T&C's not very explicit enough - only mentions 'balance transfer' and does not differentiate between Credit or Debit balances.

 

Anyways - phoned them up and they agreed to refund all costs involved (but had to pay a small admin fee 50pence)

 

So good result

 

G

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hey well done.

 

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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