New Claim - Another Capital One

[doo]

Well have just finished a successful claim with Halifax so have switched attention to cap one. Am claiming on two accounts, mine and hubbys, sent off SAR and so awaiting statements. While I twiddle my thumbs I am very interest in claiming contractual interest. Have many claims been won by using this rate of interest - have been reading threads but they are still ongoing. Also if anyone can help in simplistic terms - I can start doing some practice runs (Bill are you there - you seem to be the contractual king).

[doo]

Thanks for that, will have a look at templates, just used the simple one for my halifax claim - is this what I use but change the interest charged (hope this is not a stupid question). Will find your thread so I can follow how your claim is going, may have to get back to you at a later date with help for NI, sounds like you have it sorted. Much appreciated.

[doo]

Oh happy days..... Received statements and found £1,084 - I owe them £1,213 so with a bit of interest should hopefully cancel this debt out, not bothered if I don't see any money, just want this debt cleared.

 

However have found on file they issued me with a default in July 06 this year, balance then was £1,313 - does anyone think I have a chance of getting this removed? All the cases I have read none have been successful so not sure it is worth the hassle - but to argue a point I suppose would not have defaulted had they not imposed ridiculous charges. Need advice on this.

[doo]

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

[doo]

OK, have spent as much of today as poss trying to work out CCI. I thought I would x purchase interest rate by 12, bit confusing as I have quite a few different interest rates, which one should I use, perhaps the lowest to be safe?Have looked at various spreadsheets and have read somewhere to use No.13 but can't work it out - can you change the interest rate. Help needed please.

[doo]

OK thanks Tanzarelli, we have started spreadsheet put in charge, date, amount but it isn't adding up the interest only the charges are adding up the interest column does nothing.

[doo]

the sergeant, yes thanks for all that, thats why I am going to multiply my lowest monthly purchase interest by 12, I know it works out lower than card APR but I feel it is fair. I have just finished halifax claim but just used simple spreadsheet with 8%. Am happy with interest rate and as you say it is my decision and yes I think we all have to realise that at the end of the day we could end up in court. We are trying with spreadsheet 13 but as you can see in post 10 the interest is not adding up so help needed.

[doo]

thesergeant. thanks will check this out.

 

bill-k, thanks for getting in touch, will only use one rate, will go now and read the guides, made a start but as I say could not get the column with interest activated, just stayed the same. Off to do some reading.

[doo]

bill-k, am I not right then in using No: 13 in vamps chamber?

[doo]

millymollymoo, good point on 8% will do same. Am just waiting for more help with spreadsheets, am now confused as to which one to use. Need to get this right so am not going to rush it.

[doo]

OK thanks for above posts, I take on board what you say bill-k on interest, and I did go on capital one site to check interest rate on credit cards but it seems so high, read other points and it all gets sooo confusing.

Anyway back to spreadsheet, when I open No 13 there is an interest rate showing of 18.2 and so thought I obviously had to change it (hope I am not sounding too stupid, but I know lots of people have strugged and given up). I think I need an idiots guide, both hubby and I cannot work it out, we did normal spready for halifax and that was easy.

[doo]

ok thanks guys for above posts, have spent last day doing lots of sums and reading and it's all making sense now, am not going to send prelim until absolutely ready and happy with my decision because I too will go all the way to court if I have to - so have to be sure of my decision. I believe everyone who claims should inform themselves as much as possible - hence all the questions.

[doo]

Tanzarelli, am watching your thread closely, hope it comes to a positive conclusion. Am weighing up about default, when they did this the amount I owed was all charges (all but about £100) so the way I see it is if their charges had not been ridiculously high I would not have defaulted. As you can see by my thread am weighing up what to do about interest, CCI or simple, will ring Cap One today just to double check the APR on my card. Need to get this absolutely right.

[doo]

Yes guys see your points entirely, whatever I decide I shall certainly set out in the alternative stat 8%, certainly want some extra back if it goes to court stage which it obviously will.

[doo]

Yep don't want the guys falling out - but makes great reading, thanks guys all this input between you all is great - even if my head is spinning.

[doo]

guilty as charged!

[doo]

Back to some serious business. Have rung capital one to check what APR was in place for my card, they gave me two rates - 21.39% and 26.94%. Just wanted it official as I know cap one varies their rates.

[doo]

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.

[doo]

Bill - I checked my APR with cap one and have used that, is that ok?

 

And yes thanks Bill for help with spreadys etc,your kind help you have given milly has been passed on to me and so on... one big happy family.

 

Also I about to do letter, the address I send it to - is this right.

Capital One Bank

Legal Department

4th Floor

Loxley House

Station Street

Nottingham

NG2 3HX

[doo]

OK, thanks Milly will use this address, the only one I had was the address they sent the statements from.

[doo]

Bill, thanks for that.Prelim done (confirming I am claiming CCI)Spreadsheet donePosting tomorrow first thing, first class, recorded deliver phew...............

[doo]

bill-k, you are looking good, much younger - you have obviously been spending your new found wealth at the beauty parlour.

[doo]

Just to update thread, have not heard from Cap One yet and LBA was due for posting so have posted LBA and spreadsheet (updated) - now I guess I just sit and wait.

[doo]

If anyone feels I need a reminder of anything please come back to me - I'm pretty sure I have covered everything so far - but you never know.

[doo]

Thanks Tanz, hope so, I guess this is where the fun will start.....