Argos Card, Default Notice?

[Carl_B]

I have today received a package from Argos Card Services

 

 

containing

 

 

a reconstituted credit agreement,

screen notes &

statements for the life of the store card

 

 

what should I do now?

 

 

I'm going to go through and highlight all the charges and work out the total.

[dx100uk]

pop them individually in this

 

 

put THEIR int rate cell D 15

 

 

 

 

 

 

This second spreadsheet is a compound interest calculator and can be used both for PPI claims and Charges Reclaims on Revolving Credit Accounts such as credit cards. Compound interest is not an award that fos will give in respect of PPI claims but it can be used in PPI cases that are pursued through the courts. It is the standard sheet that is also used for charges reclaims both on credit cards and loan accounts where interest in restitution is claimed.

 

CISheet v101.xls

[Carl_B]

pop them individually in this

 

 

put THEIR int rate cell D 15

 

 

 

 

 

 

This second spreadsheet is a compound interest calculator and can be used both for PPI claims and Charges Reclaims on Revolving Credit Accounts such as credit cards. Compound interest is not an award that fos will give in respect of PPI claims but it can be used in PPI cases that are pursued through the courts. It is the standard sheet that is also used for charges reclaims both on credit cards and loan accounts where interest in restitution is claimed.

 

CISheet v101.xls

 

Hi dx100uk,

 

There's only one spreadhseet linked in your post?

 

I have put in all 13 charges into CISheet v101.xls and it has calculated a total of £156.00 worth of charges plus compound interest of £89.52 (at 29.90%) a total of £245.52 over £100 more than the debt they are after...

 

Is there a template for the preliminary letter?

[dx100uk]

adapt to suit........

 

 

 

Account number

 

 

Dear Sir/Madam

 

 

 

I recently became aware of media reports on the investigation into credit card charges

 

 

I now understand that the regime of fees which you had applied to my account in relation to late and over limit charges

are unlawful at Common Law & under both Statute and Consumer regulation as they do not represent a genuine pre-estimate of your actual costs, but more a fixed PENALTY.

 

 

 

I would draw your attention to the terms of the contract which you agreed to at the time that this account was opened.

 

 

It is an implied term of that contract that you would conduct yourselves lawfully and in a manner which complies with UK law

and in consideration of fair business practices and good faith.

 

 

 

It is my contention that you have failed to operate my account in a manner conducive to the above and have demonstrated a lack of fiduciary duty.

 

 

 

I calculate that you have taken £240.00 plus £878.70 which you have charged me in interest which totals £1,118.70.

 

 

 

Therefore this letter demands a refund of all PENALTY charges indicated including interest to the date you settle,

 

 

 

As the account concerned is closed, I request that payment is made directly to me, either by cheque or by BACS transfer.

 

 

 

I trust this clarifies my position.

 

 

 

 

 

Yours Faithfully

 

 

 

Enc; spreadsheet

[Carl_B]

Many thanks I have edited your template, one question though if my account is not closed? I'm quite happy for them to partly levy the cost towards the amount owed.

[dx100uk]

they most prob will remove the payment in cheque bit then.

 

 

see what happens

 

 

dx