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Reclaiming Vanquis Fees and ROP

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So for a quick recap, I had an account in 2009 with Vanquis. Account was sold to Arrow and Rectums put in a claim form. they never responded to my defence so claim was auto-stayed.

 

Full thread here if anyone wants to read: https://www.consumeractiongroup.co.uk/forum/showthread.php?477307-Arrow-restons-claimform-old-Vanquis-Card-debt-statute-barred

 

Now I don't know where my head was, but only found out a few days ago that Vanquis are refunding people. Looked on their website and they state if you owed Debt purchaser money, it would be offset, etc. This can be found here: https://www.vanquis.co.uk/existing-customers/repayment-option-plan-refund

 

Now I have a spreadsheet where I listed all my ROP as well as charges they put on my account and was wondering if I should get reclaiming? It is statute barred.

 

I've attached spreadsheet for info.

 

According to Arrow I owed them £700 (from a £200 credit limit on the card)

VANQUIS-CAG.xls

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I see vanquish are making up there own rules again there

only refunding the interest when if its proved it was TOTALLY missold, you should get the premiums back too!

 

and offsetting to a DCA...well they cant do that either

they are being 'clever ' with their wording there too.

 

if the debt has been SOLD to a debt buyer not merely given to them to chase they CANNOT offset without buying the debt back and sending you a Notice of assignment compliant with the Law of Properties act.

 

nice try fleecers!!

 

now you spreadsheet..

 

sadly you cant include penalty charge and ROP on the same sheet

one for each is needed.

 

and you've sold yourself short!!

 

once each CISHEET is done

take the total from it

and using the STATINT sheet

enter it as a whole sum the day after the other sheet claim to date [when they stopped charging you interest]

that will then give you the 8% stat int you are entitled to at a daily incrementing rate [don't touch the claim to date on the staint sheet]

so the day they settle will be the correct amount.

 

you do the same for the ROP sheet.


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Hi Dx, thanks for taking the time to respond. Slightly confused what you mean though.

 

I have separated the two in the sheets attached.

STATINT sheet? Is this a different one? I'll go look for it now.

 

Don't know what totals to put where.

VANQUIS-ROP-CAG.xls

VANQUIS-CHARGES-CAG.xls

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Ok, reading some similar threads I have half an idea of what you mean, I stop calculating interest on CISHEET on the day they sold the account, and then have to find the STATINT sheet and put the totals for both ROP and Charges into that sheet seperately from day after they closed account until the date they settle.

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https://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

you are entitled to 8% statint from the total of each sheet [ROP/charges]

until the day they settle

 

keep the rop/charges sep claims.

 

1xcisheet each

1xstatint each.

 

CISHEET claim to date = NOT the day they sell, the day they stop charging their int


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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