New Claim - Another Capital One

[millymollymoo]

Hi doo:)

 

Claim contractual Interest and your days will be even more happier:D

 

Milly X:)

[millymollymoo]

Thanks, are seriously contemplating this, have you got experience of this on your claim, must find your thread and read it.

 

Hi doo, I am claiming it on two claims ((the relevant one to your thread) is with Capital One for my O/H and he is at court stage, papers served claiming the lower rate, but that was his choice!

 

http://www.consumeractiongroup.co.uk/forum/capital-one/55155-capital-one-no-offer.html

 

seargant is right it is entirely up to you an you have to feel entirely happy with your choice!

 

P.S I have used Vamp,s spreadsheet 13 for both claims (simple)

 

Milly X:)

[millymollymoo]

Also on the N1 submitted 8% stat offered in the alternative

 

Milly X:)

[millymollymoo]

From what I understood when I asked and wait for bill on this!!!

 

No 13 is contractual compounded interest but simple (no balances required) and not trying to work out what portion of the interest charged is due to charges. It is purely contractual compound on the penalty charge from the date applied to current date of prelim sending!!

 

Bill am I right?

 

Milly X:)

[millymollymoo]

Bill-k,

 

Yes you are right. However due to the controversy over the legitimacy of contractual interest I have taken the view that there is a need to apply a balance, due to the possibility of challenge.

 

Applying contractual "simple" interest, may attract a reduced possibility of legal challenge.

 

I have gone through many of the threads referring to contractual interest. There are numerous views on the issue. From the this is not applicable to the the be damned with it go for the jugular approach.

 

What I decide to apply is my approach. I have stated this in my prelim letter and in the LBA on route. It worked with the Halifax. Most likely on the basis that it is not worth challenging, hopefully that will be the same next time. Compounding my current claim adds over £1000 to the amount. At some point the balance will be tipped and it will be worth the bank sending the legal boffins in.

 

 

My reasoning for going with 13 too, however did not adjust any formula, left the sheet exactly as it was for true compound interest!

 

Milly X:)

[millymollymoo]

Good on you doo, exactly right and ask as many questions as you like:)

 

Milly X:)

[millymollymoo]

Doo how nice,thanks for the click

 

Milly X:)

[millymollymoo]

OK, have done spreadsheetm, very impressive set of figures and used cap one's interest they gave me over the phone that relates to my account. Thank you so much for everyones help in relation to spreadsheet and interest charges, millymollymoo you have been a star today.

 

 

Thanks doo , you are very welcome, however I feel the thanks should really go to bill-k He helped me from the very start

 

Milly X

[millymollymoo]

Hi doo,

 

I sent mine here:

 

Robert Udy

Executive Office

Capital One Bank (Europe) Plc

PO Box 5283

Nottingham

NG2 3YG

 

 

Milly X

[millymollymoo]

Good luck:D

 

Milly X

[millymollymoo]

You will all get the full offer believe me;) You may have to wait a bit for any remaining cheque though:mad: .

 

Seriously, if they hadnt offered the lot it would of been judgement day monday cos no defence was sent. They have cleared O/H's account completely and he has his full credit limit but it shows acredit refund payout on 21 feb andd still not got it:mad: Do you think I should tell the court Monday or not?

 

Milly X

[millymollymoo]

GOOD LUCK DOO!!!!!

Milly XXXXXXXXXXXXXX