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AMEX CCA is this O.K.

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Hi am trying to help some elderly friends with their debt problems

 

they have a Amex account and they have been paying £1 a month for quite a few years

 

They want to try and offer a full and final settlement but it would be very low - do AMEX do full & final?

 

Have said that first they should get CCA which they have now done

- have attached (hopefully) the priority application form for the blue card and original conditions

- both are difficult to read

- quite faint

 

The application form refers to PPI terms and conditions shown in enclosed leaflet plus balance transfer details on reverse of leaflet

but no leaflet provided only one page of conditions which does not as far as I can see mention PPI or balance transfers

 

AMEX have also sent terms and conditions applicable at point of cancellation

but as I have never had much success at doing attachments just thought I would do 2 pages and see how it goes

 

Any help would be great Thanks

am (2 files merged).pdf

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the form indicates 2001 bottom left corner


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

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The CAG Interest Tutorial Read Here

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Doesnt look compliant tbh


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

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Hi yes it was 2001

 

Just wondered whether anyone can see from whats posted if it looks enforceable?

 

They have not received any statements for about 4 years

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It really doesn't look enforceable tbh. Where's the statements, t&c changes through the life of the account etc


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Hello sorry I think a bit of confusion on my part

 

A statement showing current balance was provided with CCA but otherwise they have not been getting statements - thought they are meant to be sent evey year/six months

Is this right and if so is it of any benefit to my friends that they have not been getting them?

 

Should Amex also have provided the 'enclosed leaflet' with the PPI t&c with the CCA

 

They have also been sent t&c at point of account cancellation which I will try and put on tomorrow

 

Any help thanks

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If they've not been sending statements they can't levy charges and interest

When was this taken out?

Is it is still owned/paid to APEX

When did they start reduced payments?


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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Hi taken out in 2001

Still owned by amex - payments are being made to NCO who are acting for A Express

Reduced payments in 2006

Have had a rough calculation and it does not look as thought any interest/charges added since 2006

 

They are thinking of offering 25% f&f - any problems with enforceability might be helpful Thanks for any help

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Stop paying NCO

They are a powerless DCA

P'haps get an sar and CCA running yes

 

Then review


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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Yes thanks

 

Can I ask a question which I realise I am not sure about

 

When is a debt statue barred

- does it date 6 years back to the last payment of the debt or the last written correspondence re the debt

I thought it was tied in to last payment

- but recently read somewhere that it can also date from last signed correspondence

 

Thanks for any help

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it can yes

yours is with the original creditor still?

I would gather NCO's client are AMEX?


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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Sorry I think I am confusing things

 

The Amex debt belongs to friends of mine and yes NCO are acting on AMex's behalf

 

 

They are quite elderly and I think have more or less decided now to just carry on paying the small monthly amounts to their various creditors - they were hoping to try and do f&f from a small inheritance but they have now realised that they would not be any better off and might still have some of the debts

 

Thanks for your advice esp re statute barred - I always just saw the last payment date as being the thing to be aware of Many Thanks!

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if it was sold to a DCA then the fact that letters were sent to the OC typically don't come into play as the debt buyer wont ever know they existed as they get no paperwork at all

other than a line in a spreadsheet.

 

 

its not worthy really trying to F&F an original creditor

the only light is get all the statements on accounts owned by the OC

that they still pay

and look for PPI and penalty charges

they CAN dramatically reduce what an oc wants for settling.

 

 

one of my neighbours settled a £17k debt to LLoyds for less than £3k because of bank charges

even my wildest calculations could only make those £8k


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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