anyone had dealings with tradepro card and CDC debt collection

[SOMEFRIENDLYUK]

Hello -i'm trying to sort out a problem for a lad who works for me. I have asked this question on another thread and got and answer saying that it may not be enforcible in law, however i was told it may be better on another thread in case anyone has other idead or any dealings with Tradepro of CDC.

Here goes -Cheers

 

Some time ago i walked into a builders merchant and a dolly bird was asking if i was intererested in a tradepro card-basically a credit card for builders that can only be used at certain merchants. As my credit isn't great i said no thanks but she said if you give me your card i will forward some details and incase you change your mind.

Some time later, much to my suprise a card arrived. i spoke to the manager of the place who said this had happened to just about everyone including him! I have used the card a few time and paid up and had no problem.

 

However about six months ago the lad who worked for me told me he had got one to (he had poped back later to get more gear and gave it ago) He ran up some debts doing up his house and is now stuggling to pay. Now i said i would help him out but i'm not that well off at the mo and busy cliaiming my bank charges back but i thought hold on they should never have issued this to him and i know he never sighed for this i i and countless other didn't. My question of course is: is this enfoceable in law. I seem to understand from all the post on here that is there is no signed credit agreement they can't persue him. The debt has been passed onto a dca called CDC. They ring him constantly (thats how i found out about this and he told me everything)-he knows he's been daft and has been paying what he can of but he's way behind and they have sent him a letter for payment of £1800 within seven days or they will add a recovery fee of £453 pounds -this sounds excessive. Any thought would be much appriciated.

[Chips123]

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[Chips123]

Get him to send a CCA request to the DCA, sounds like all they have is prahaps an application form and not a signed credit agreement.

 

I had something similar in a service station, girl asked if I wanted a CC - I said no, but she asked if I could just fill in a few details and they would send me some more info so I could make a decision after that... as she was pretty I said ok, and then realised she was filling in an application form for me!!!

 

Anyway... no CCA no enforcable debt. Worth a try, will hold them off for a little while if nothing else.

 

He might also want to send a letter demanding they only contact by mail and any any further phone calls will be viewed as harrassment. Template here

[SOMEFRIENDLYUK]

thanks chip -i know for certain that i never filled in or sighed anything and i'm almost certain the lad who works for me did not. i have spoken to the manager who know works for another company and he says he did not either so this girl must have been faking signitures and filling in the forms herself -The ex-maager also told me she got £30 for every sign up and he thinks she signed eveyone who gave her a name and address!

[newdomainer]

In a word.... Avoid like the plague unless you are 100% sure that you will never make any mistakes or be a day late with any payments..

 

The 1p off a litre of fuel was my reason for getting Tradepro / Tradepro fuel cards.... I spend around £500 to £600 per month.... but after about 3 flawless years I missed a direct debit payment & received a phone call from an ignoramus and I spent an hour on the phone arguing over interest payments that had been applied to the account (incorrectly) which included speaking to an 'operative' and even longer to a supervisor (who supported the idiot operative!) only for me to get another call an hour later from the supervisor, tail between legs and apologising for the fact that he had indeed got it wrong...

 

Anyway, £21.17 interest refunded I was happy enough until I got my statement - I had made the payment due manually having cancelled all my direct debits due to moving banks...

 

I got a charge of £25.00 "dishonoured payment charge" - followed the next day by a "collection charge" of £30.00

 

The payments are for the full amount outstanding each month because EVERYONE considering one of these cards needs to know this...

 

The APR on the account is approximately 48.9%

 

FORTY EIGHT point NINE Percent...........

 

Whooa!

 

So miss a payment & they'll stitch you up in outrageous fees.. make a part payment instead of a full payment and you'll get charged an interest rate normally only seen on those sub-prime "Hillbilly" credit cards given to dolewallers....

 

And when you speak to them they'll make it quite clear that the charges have been applied fairly according to the terms and conditions that you should have read from start to finish!

 

By the way, they will also point out (if asked) that the agreement isn't covered by the banking standards or FSA in the same way as a credit card because it is a "business to Business" agreement (i.e. you don't have the same consumer rights you'd have as a member of the public...)

 

So after a spend of many £1,000's and I'm sure they make money on each transaction... they have bitten the hand that feeds them... my cards just went through the shredder and I will not be signing up again.

 

.... and yes; yours truly was sold his by some bimbo in a builders merchants too... Doh!!

 

(When did anything good ever come of anything that was sold by a short skirt in a male dominated environment? ;-)

Edited March 19, 2011 by MARTIN3030

[thrubolt]

To answer your question, Tradepro charging someone I know 54.9% APR and 4.474% monthly charges, so on for eg. £5,000 monthly payment £230-00 , only £5-00 YES FIVE POUNDS comes of the debt, so calculator out time - in 12 months they get £2,700 and only £60-00 comes off actual debt, even the Mafia might think this is extortionate, my pal will be dead and buried before even a portion is is repaid. the thing is, these leeches know what they are doing and the authorities do nothing to regulate them or say enough is enough on how much APR these reckon that they can increase, of course if you have a high debt they will up rate because more on payments more on profit, if real probs just say you are filing for bankrupcy and they will sh## themselves stupid cause they don't like hard work. What people really need to do is write to their MP and see if they will take it on in Parliament - remember that is their job to listen to you, the people that vote and pay them so they can stick their snouts in the gravy train.

Edited March 19, 2011 by MARTIN3030

[thrubolt]

Can anyone help with this PDQ please.

Sent CCA to tradepro, enclosed £1-00 postal order, they sent application form. They then sent a statement and they have used this £1-00 as a payment from the account that shows on the January statement. Have they commited an offence by doing this.

[ad666]

tell your lad to get some legal advice .i have had dealings with them never phone cdc they are VERY VERY VERY AGGRESSIVE AND WILL TRY EVERY TRICK IN THE BOOK TO GET YOU TOO PAY WHAT YOU CANT AFFORD . if he did sign a credit form ,ask them for an expenditure form ,fill it out find what you can afford to pay and send them it each month . dont contact them or take phone calls from them. they will treat you worse than a prisoner at the CIA camp and will make you feel like a criminal. LETS HOPE ENOUGH OF US COMPLAINE AND GET SOMETHING DONE ABOUT THESE PEOPLE THEY ARE WORSE THAN LOAN SHARKS

[thrubolt]

Thanks for reply AD666, Tradepro phoning my mate like there is no tomorrow, he is rejecting all calls on my advice, they sent letter saying they want to help, the problem is that it seems anyone can set up a credit card co.

I have told him that that credit card companies come bottom of the pile i.e Mortgage/rent/council tax/gas/electric/food/living expenses/csa/fags/booze - oh and if you have £1-00 left split it between your ten credit card companies and let them fight over the bones like the vultures they are.

Edited March 19, 2011 by MARTIN3030