Vanquis card charges reclaiming

[puma85]

Thanks. I have previously SAR'd Vanquis. I'll dig it out and post here

 

Here's the SAR response

jpg2pdf.pdf

Edited February 12, 2019 by dx100uk
merge

[dx100uk]

statements?

[puma85]

Yep got the statements too.

 

There is about £250 of charges that Vanquis added after the last payment by me, before the account defaulted.

There is also quite a few late payment fees in the months running up to this when I was behind. Should I add these up too?

 

The final figure from 2014 is exactly what Lowell are chasing, so it doesn't look like they have added anything.

[renegadeimp]

add up ALL of them. Remember, lowell just have a number on a spreadsheet. They have no idea of the account itself. Nor do they care.

[dx100uk]

no ROP [PPI]??

DCA cant add anything no..

 

use the CISHEET at their [vanquis ] int rate in box d15.

 

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

 

will help you fill in our reply form of that attachment in post 4 of the thread andy points too above

[puma85]

I've just skimmed through adding up all the late charges and interest.

this comes to about £950 of the £1700 total.

Which is about 60% of the debt & the same as the offer Lowell made last year (removing 60% of the 1700 total).

 

I've added a very rough calculation in the CI sheet.

 

last interest added was July 2014, 1654 days ago.

(I've just added the whole lot on one day for now.)

 

Is this correct?

 

What is the ci sheet actually telling me?

Edited February 12, 2019 by dx100uk
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[dx100uk]

How much you have been unlawfully change d in penalty fees and the int they caused.

[puma85]

just under £1000 of the 1700 total is 'over limit charges' or 'Billed finance charges default interest',

 

This is 60% of the debt, and the same as the amount they reduced to debt by last year if I paid.

 

The CI sheet looks like it is PPI related. I did not have PPI so should I ignore this?

[dx100uk]

No its a muli purpose

Fill it out put each fee in on its own

Dont ever ring the fleecers again!

 

 

[puma85]

This is the calculation from the Ci sheet with each fee added with correct dates.

 

I've just released I should probably only be adding the £12 late fee charges on the Ci sheet and not all the interest charges etc.

 

So here is with only charges.

 

The total is pretty much the same as the debt they are chasing.

 

Ok, I think that was still wrong because the claim to date was auto filled.

 

I've changed it to the date of the last charge.

 

Does this look correct?

[dx100uk]

you are entitled to the cisheet sum +8% from the day after their last int charging till the day they settle

so put that total from the CISHEET

in a copy of the statint sheet the day after the claim to date.

 

should be about £500-£600 extra.

[puma85]

Ok got it. 8% on top of what comes out of the CISHEET.

 

But sorry, I'm still not sure if I'm filling in the CI Sheet correctly.

 

I know I should be writing a line for each £12 Overlimit charge but what about the following.

 

Billed Finance charges purchase interest

Billed Finance charges cash interest

Billed Finance charges default fee interest

 

(these look like standard interest charges)

 

If my last post is correct the total is £385 (all £12 charges at 39% interest) + stat interest of £140 (8%)

= £525.

 

This is half what they offered to remove from the debt last year?

Edited February 5, 2019 by dx100uk
merge

[dx100uk]

any fixed sum penalty fee only.

 

default fee? that's unlawful too.

 

if you can see its a fixed sum...by that, you understand already that's £12 etc etc the it goes on the cisheet on its date

then that sum you can get 8% stat int on from the day after they stop charging their int, to the day they settle.

 

how are gauging the date they stopped card int?

[puma85]

Hmm ok that sounds like what I've already done... Any flat charge or penalty is on the ci sheet.

 

For the cisheet interest end date, I just used the date on the last entry of the statement. Bit thinking about it they were probably charging interest until it was sold to Lowell? How can I find out?

[dx100uk]

have you not already got all the statements?

each one will show interest.

 

I would be naming the charges correctly on your CI sheet too

if it late payment state that

if its over limit state that.

[puma85]

Ok will put the correct description on ci.

 

Yep have all the statements.

All the interest and charges added up come to £1000, this is standard interest too. Not just on the late fees.

[dx100uk]

Cisheet claim to date is last int charged date

 

just one point

you haven't added int into the CIsheet items have you

in otherwords

the only things that are listed are fixed sum fees

[puma85]

yes, only fixed sum fees on CI sheet, then interest calculated from that.

 

 

 

 

 

[puma85]

I've just had another look at the CI and Stat interest sheets. There was no PPI on this account. 

 

Total of debt bought by Lowell = 1750.29

 

minus

 

Compound interest = £452.59

Statutory Interest = £486.57

 

=  £811.13 enforceable

 

What I find strange is that I have a letter from Lowell financial dated 2017, offering to close the account for £700.12 (60% of the total). This is less than what I calculate to be enforceable. 

 

StatIntSheet v101.xls CISheet v101.xls

[puma85]

Thanks for your help so far DX. 

 

I just wondered if you could double check my understanding and a couple on dates on my CI and stat int sheets?

 

Stat Interest  - This is 8% on all the charges from the day they were taken until today?

CI Sheet - This is how much interest Vanquis charged on the £12 fees from thee date of the fee until last interest charge?

 

Account Opened - 12/02/2012

Last Interest Charge - 20/07/2014

Default Served - 27/06/2014

 

Overall I have 30 * £12 charges. 

 

Stat Interest  = £184

Compound interest = £146

30 * £12 charges = £360

 

Total  = £690

 

CISheet.xls StatIntSheet v101.xls

Edited December 24, 2019 by puma85

[AndyOrch]

You really need to start a new thread if you intend to reclaim charges.....as it has no connection to this thread and the court claim and simply cluttering up this topic.

 

Andy

[dx100uk]

new thread for the charges reclaiming 

use this only for the reclaiming not the court claim please

[dx100uk]

1 hour ago, puma85 said:

Stat Interest  - This is 8% on all the charges from the day they were taken until today?

CI Sheet - This is how much interest Vanquis charged on the £12 fees from thee date of the fee until last interest charge?

already explained in post 11

 

dx

[dx100uk]

corrected statint sheet so total reclaim to date 

StatIntSheet v101.pdf