49scream v Barclaycard

[49scream]

Hi All - lets go for Barclaycard (an old foe of mine). I've sent my SAR - had my letter about the microfische system (yawn) - then on Friday bingo 6-years complete statements arrive on my doorstep.

 

Having a little time tonight I calculated my charges c£600 then started to think about interest. I finally decided on the compound interest route. I've taken the monthly rate from the statements and applied this to the first charge in 2001. I carry forward this figure and apply next months interest rate (remembering to add any new charges - if ther are any). To date this produces another c£375 in compound interest.

 

I have made no allowances for the '£12 fee' and have claimed the full penalty. I want Barclaycard to justify even the £12 - LOL.

 

Prelim in the post tomorrow.....

[Bigmac versus]

Good luck 49scream.

[Rooster-UK]

Hi 49scream.

The £12 charge is just a recommended figure byt the OFT over which THEY will take action against the bank.

It has no basis in law, because any penalty charge is unlawful.

 

Go for it.

 

Regards, Rooster.

[49scream]

Update #1.....

 

'Without admiting any liability... blah, blah, blah... as a gesture of goodwill(!)... blah, blah, blah... we will refund the difference between the OFT recommended £12 and the fees charged some £200ish blah, blah, blah...'.

 

Now I didn't really expect anything else but at least it was going in the right direction. Then before I even had chance to respond with partial acceptance / what about the rest plus interest? then bugger me if Barclaycard haven't sent the account to a commercial debt collection agency to recover. Now I might not have made a payment for a good number of months but that is because I dispute the whole balance they claim I owe. Anyhow I called the debt collection agency and told them the balance isn't owed and is in dispute. I'll follow this up with a letter.

 

Next to Barclaycard - points to take forward this time 1) a LBA for the remaining balance plus interest and 2) accepting their partial offer (although they have already credited my account).

 

My question is should points 1 & 2 be dealt with in the same letter?

 

Many thanks 49scream.

[Bigmac versus]

Yes send the LBA for the balance and mention you have taken off their GOGW as a partial settlement.

If they dont accept it as partial settlement you could adjust the amount when filing at court.

Show the GOGW in the schedule of charges.