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capitalising on capital one


sowerby17
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Hi Sowerby

 

We're here watching your progress.

 

Uk

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Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

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Just read a thread and it made me think i didspread sheet on google at 30% but not sure now if it was cci how would i know?I just typed in 30% interest would it automatically compound it for me.

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hi sowerby-dont mean to put a damper on this but i understand from cci-lost-precedent thread that it is difficult to go to court and win cci after they have settled-am i missing something or have i got my wires crossed?i'm also waiting for my settlement inc cci so hope i've mis-understood

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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Jubaxt, the precdent was set against BANK accounts where the contract was an implied term.

The good thing about cards is the fact that it is written into the contract so it isn't implied.

 

Also the precdent was set against M&R, there is a new school of thought looking at unjust enrichment and Fairness & balance.

Be VERY careful whose advice you listen too

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thanks curly ben-just cant seem to get my head round the implications/terminology!!!!!!!!!!!!

 

not thick really-just STUPID.lol.....................................

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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Do you know what rate you were charged? THe principle is usually to use that one. I was able to work mine out using the monthly rate on my statements and this worked out at 23.9 but I know some peoples has been as high as 34.9%. If you have statements you could try the APR calculator on the front of this spreadsheet (the spready itself is meant for bank accounts only but I think the calculator works fine for CCs too) http://www.zen122856.zen.co.uk/CompoundSheet_v1.9.xls

or be really cheeky and ring Cap 1 up and ask what rate you were on!

 

THe spreadsheet itself should state whether interest is compounded. I think its no 13 or 16 on Vamps google spreadsheets

 

Hope this helps.

 

Ellie

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hi sowerby-in the same boat as you-got settlement offer today-£1300 short as like you i've been offered 8% rather than 29.9% which was used on my account-(i sneakily called and checked this just before i did spreadsheet)

 

dont know what to do-£1300 deficit is a lot but dont know whether i've got the nerve to take it to court-can you pm me when you get a response from your letter please

 

ju

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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i also claimed 29.9% cci-what did you do after receiving partial settlement-how come you've got aq to complete-did you just tell the courts that they had only settled partially in your response form and plan to carry on as though they had not paid-does this make sense-heads elsewhere today.lol

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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Well i claimed 30% it was a guess if i am honest but i have just rang them and it seems at the moment i have been charged 14.06% purchase interest and 24.15% cash advance so i reckon i should have gone for the 24.15%.After all it is a csh advance they have had.I have sent nothing to the courts so dont know why i got the aq will fill it in by 30th if i do not hear from them.

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which number did you call them on-might give it a go myself

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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Just the one on the statements I was really nice to them said i was wondering what the interest rates were as i was debating whether to trans fer other debts on to their card and they just told me.LOL Give it a go you got nothing to lose.

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sowerby, as I said you need patience to deal with them. I got my response just over 2 months from my initial letter rejecting the claim, it was only after literally bombarding them with calls to the legal dept they I got any where. Keep at it.;)

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how did you manage to speak to the legal dept-its worse than trying to get through to the queen!!!!!!!!!!!!!!!!

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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Sowerby,

 

If I was you I woudl accept and let it drop.

 

I will 100% guarantee you that you will not win in court.

 

Did you know a precedent had been set at the high Courts regarding CCI?

 

I would also be inclined to write a letter or email to whoever you were dealing with at C1 and inform them that you are happy to accpet.

 

It might be worth being nice as people there obviously work very hard and have refunded you some money already.

 

Just a thought though.

 

It might make it easier for other claimants if the people dealing with your claims don't get too ****ed off with you asking for more.

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just as a matter of(interest)??-you wouldnt happen to be one of those people dealing with these claims would you??????????????????

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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i may be wrong but i gathered that it was not in a high court and also that it was against a bank claim not a card claim-please enlighten me if i am mistaken

lloyds S.A.R -sent 04/04/200

statements received 11/05/2007

prelim-14/05/2007 -£4987

lba-30/05/2007

n1-20/07/2007

 

Co-Op prelim sent-20/04/2007-£136.50

settled in full

goldfish prelim-27/06/2007

 

capital one -deemed served -01/07/2007

settlement without cci offered 17/07/2007

halifax prelim-17/07/2007

 

aqua--prelim-13/07/2007

 

welcome-prelim-30/06/2007

lba-14/07/2007

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just as a matter of(interest)??-you wouldnt happen to be one of those people dealing with these claims would you??????????????????

 

 

I'm not, but I do realise they are people, earning an honest crust like the rest of us.

 

i may be wrong but i gathered that it was not in a high court and also that it was against a bank claim not a card claim-please enlighten me if i am mistaken

 

It certinaly was in a high court, and there is no scope for compounded contractual interest on bank charges as there isn't the same level of charged interest as there is on a Credit Card.

 

I believe the case was on the 12th June, but I could be wrong.

 

All I know is that CC companies will happily take you to court over this and tey'll win.

 

They may also apply for damages, citing that you have acted unreasonably, in that you would be claimng for something yu are not entitled to.

 

I wouldn't want to be lumbered with the bill for a CC companies time in preparing a case, thats for sure!

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All I know is that CC companies will happily take you to court over this and tey'll win

 

Can you give any examples of a Credit Card company actually going to court over CCI and winning? I can't find any, but since you put things in such definate terms I'm sure you'll be able to cite such cases.

 

I wouldn't want to be lumbered with the bill for a CC companies time in preparing a case, thats for sure!

 

Most of the cases against CC companies that I've come across in this forum are less than 5k even with CCI and as such I believe would go through the small claims track - isn't there a limit to costs that can be awarded?

:) Captial One - Won!

:) Egg Card - Won!

:confused: Abbey National - Stayed pending Test Case Judgement

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