Capital One Troubles!

[Paintball]

Hello Advent

I think you should pursue your claim, rejecting thier offer and telling them to remove the amount from your closed account and including this in a Letter Before Action, the action being court claim and please DO NOT use MCOL but N1 instead. If you have received your statements you should be able to work out how much interest was applied to each charge and you can include this in your claim. You should also ask for the default and all adverse market data to be removed from your credit file in this letter.

 

When you get to the N1 court stage, you will be claiming a) return of penalty charges (and interest charged on these charges be the defendant) and b) removal of default and all adverse marker data from your credit file processed by the defendant.

 

I hope this makes sense and helps. Shout if not ...

[Paintball]

Hi Advent, you have answered your own Q regarding the N1 route and here's a link to the important announcement recently made **urgent All Mcol Claims Automatically Stayed**

 

With regard to the interest charged, I looked at my statements for the months where charges had been applied and made a note of the purchase interest. I ended up with varying rates spread over a number of months (ie, 29.9%, 28.7% etc). I took the average of these and included it in my spreadsheet of charges. I used an interest calculator to work this out and will try and email this to you if I can if you PM me with your own email address.

[Paintball]

The account is closed with full and final settlement received by Cap One, the default is showing on your credit file, you want to claim back your charges and for Cap One to desist from processing or disclosing your personal data. Check out this thread for a successful similar case with Cap One Tanzarelli v Cap One... £ + default **WON**

 

We won't argue with the fact that the default is there, it is, but you want it removed from your personal credit file and this is a reasonable and achievable request. The Data Protection Act gives you the amunition for this and the means to achieve it are laid out in this thread Defaults - a proposed method for removal and the full template letter

 

I have used the above method for default removal with closed credit card a/cs for B/card and NatWest alongside money claims (N1s still in court) ...

[Paintball]

WOW!

 

I think I'll need to spend some time reading through all this. I had more or less given up with the idea but maybe not now!

 

Never give up, never say die!!

 

I've become a fiend for default removal after looking at my credit report and thinking, gosh what can I do about this and no wonder I can't get favourable rates on my mortgage!! I'm two defaults down and one to go with Capital Bank together with some late payment marker data with Cap One (8 entries). It's hard slog but worth it.

[Paintball]

Hi Paintball

How do I work out the interest on each individual charge then? My interest rate is 21.04% (1.604% per month) according to the interest calculator that you sent, but I'm not sure how to go about working out the interest on each of my charges. Sorry if I'm being a bit thick!

 

I've sent you an email replying to this Q. Do you have a spready? I'll also email you a POC for your N1 which will include the default removal request.

[Paintball]

Thanks for the click, chick!! Let me know how you get on with that spready; should be straightforward enough if you take it slowly