Barclaycard crippling interest charges

[slick132]

Hi Stevenson,

 

As both a/c's are post-2007, they may be more likely to be enforced if court action is taken.

 

See how the bank responds to your I&E.

 

Have you asked them to suspend interest and penalty charges in your letter ?

 

[stevenson166]

All i have done is sent the I + E via email. I have not sent a letter and did not mention freezing interest and penalty charges , what is the duration i could ask them to consider ?

[slick132]

Hi Stevenson,

 

You could ask for an initial interest and penalty freeze for 6 months, subject to review thereafter.

 

Letters are in the Library for inspiration.

 

Have you spoken to National Debtline or Step Change seeking opinion or advice for your problems.

 

[stevenson166]

I have sent a I + E via email to an address given to me by BC. I did emphasize to them to conduct responses to secure email or by letter and received a phone call today ( i did not answer) i have since re-emphasized the former. I will suggest your response to them ...thank you...I know i owe the debt and want to pay it back but NOT with their extortionate interest rate

As for the advice options..i have not

[slick132]

As for the advice options..i have not

 

Given the amounts involved, coupled with being a home owner, I think independent advice might be useful.

 

[stevenson166]

Thanks

[stevenson166]

Just a heads up.

Sent off I+E form and got the replies today. one for each card.

I+E shows after expenditure the surplus amount for Debt payments pro rata as a negative amount. i.e outgoings are more than income to the tune of £100 pm. The pro rata amounts to Barclaycard are -£38.18 and -£20.68 they have said in the letter that if these amounts are paid to the two accounts by March 17th then a repayment plan will start. It does not mention amount or timescale. Is this a game ? as i said the amount left for debts is a negative amount and someone at Barclaycard has obviously seen the pro rata amount as a surplus ?

Thanks

[slick132]

Go back to BC and point out that the amounts shown by the I&E as affordable for each a/c are negative, but you are prepared to offer them £1 nominal payments for each a/c.

 

Tell them you need their written agreement to your offer and you will then pay them.