Argos Store Card

[jill109]

Just like to say hello, as i am new around here, and to find out wether my argos account is over charging me interest.

I,ve had my card for three years now and always pay by direct debit and never missed a payment, my credit limit is £2,350 and my current balance is £1,990 on my recent statement as always states my minimum payment which is £68.99 per month but on my last two statements they have charged me £70.89 in interest so in effect everytime i make a payment nearly £2 is added onto my account, can they do this surely this can,t be legal

[livelylad]

I was under the impression that the minimum payment must be enough so that you do reduce the balance. Start a thread in this forum here. Ring them and ask them why the minimum payment is not enough to reduce your balance each month.

[Trish76]

Hi and welcome to the site,

 

You've definately taken the first step into claiming back what's rightfully yours.

 

Spend time reading the FAQ's and the Step by Step guide as this will stop you making mistakes along the way. Use the letters and spreadsheets in the Templates Library as these have all been tried and tested in successful claims. Read as many threads as you can especially ones that relate to your bank. This is a SELF HELP site and won’t do the work involved for you. However, everything you need is on here somewhere.

 

Don't be afraid to ask any questions, no matter how stupid they may seem, but please remember that any advice that you receive is normally based on experience only and that you should seek expert advice if required.

 

Once you start the process of your claim remember to open a thread in the relative bank forum, this will enable you, and others helping you, to keep track of your claim.

 

All the best in your claim!!

 

TRISH

 

 

Useful links to help with your claim

 

FAQ’s

http://www.consumeractiongroup.c o.uk/forum/faqs-please-read-these/

 

Letter Templates

http://www.consumeractiongroup.c o.uk/forum/bank-templates-library/

 

Interest Spreadsheet

http://www.consumeractiongroup.c o.uk/forum/bank-templates-library/182-6-interest-calculation-spreadsheets.html

 

Court N1 form

http://www.consumeractiongroup.c o.uk/forum/bank-templates-library/681-4-particulars-claim-n1.html

 

Mcol Particulars of Claim

http://www.consumeractiongroup.c o.uk/forum/bank-templates-library/34887-5-money-claim-line.html