Credit cards and the CCCS

[chimp choker]

I'm presently in an arangment with my creditors working with the Consumer Credit Counciloring service in which the Credit card companies have stopped adding interest onto my card bills so I can reduce my debts which are like £41,000 or so.

 

My question is this. If i push for the charges back are they likely to reinstall the interest charges and if so do I have a right to complain as the sesation of the interest charges is on their good will and secondly how do I go about it if they demand full repayment back?

 

Although I don't have any money i was going to ask each of them for a full and final settlement offer for each account and try to get a house loan to pay this off.

 

Should i do the Full and finalsettlement first then apply for the charges or risk the punitive method of adding the interest charges i suspect they will go for?

[clayts]

I'm in this position and it hasn't stopped me claiming against MBNA. The bottom line is they can't expect you to pay any more each month, as CCCS will have worked out exactly what you can afford. So, if worse came to the worse, and they demanded the whole lot back, they could attempt to take you to court to get the money back, but the judge will laugh them out of court, advising them that you are already paying the maximum.

 

What you should be prepared to accept is that if you do reclaim your charges, your debts should be reduced accordingly. If this occurs, just let CCCS know and they can update their records. Unless any of your credit card debts have been sold onto debt collection agencies, that is, in which case the credit card company will most probably send you a cheque - it's up to you what you do with that

 

So, in simple terms - go for it.

 

I would strongly recommend against taking out any more loans to clear the outstanding debts - CCCS will advise you the same too. There are other options - eg an IVA. Talk to CCCS to discuss the options - avoid getting into more debt.

[chimp choker]

Thanks clayts,

 

One has been sold on to cabot. out of the 9 or 10 creditors only the nationwide is being the belligerent [edited language - sorry] and arguing that they will take me to court if I don't come up with a £3k to end a loan. Actually i'm looking forward to going to court with them. They keep threatening to send it to a solicitor, like for 7 months now as they won't agree a plan with the cccs. CCCS said that they would terminate my agreement if I took out a loan to kleer the debts so it looks as if my day in court is coming.

 

As it happens the nationwide had my mortgage and as we were doing up the house we had further advances. The last one the lasses in the local branch fiddled our income so we could get the loan. We failed the points score in the morning and then they put it through again that same afternoon and we got the loan. What they did was increased our houshold income from £13k to £21k and I have the paperwork to prove it so I'm looking forward to my day in court and the first one of the S.A.R - (Subject Access Request)'s will be going off to the nationwide tomorrow.

 

Mind you I might offer them £700 to pay off a £7k loan and see what they say.

 

They say every dog has his day !!!

 

 

Thanks for the advice.

 

Chimp.

[Guest NATTIE]

Be careful on that last one because even if Nationwide fiddled the loan, you signed that what was put on the form was correct. However saying this, the branch staff could be sacked and rightly so for doing it

[chimp choker]

Be careful on that last one because even if Nationwide fiddled the loan, you signed that what was put on the form was correct. However saying this, the branch staff could be sacked and rightly so for doing it

 

Thanks for the advice but actually I didn't. What happened was I filled in the form and signed it and then went home. The staff crossed out the first figure and put in the larger one then put it through on the afternoon. It was only whaen the money and paperwork came through that I realised what had happened.....

 

Still I will be cautious.

 

Thanks.

[Guest NATTIE]

In that case, BINGO, they committed fraud and that would be tricky. The bank would probably argue that you used the funds but it's still fraud by altering a signed document.

 

I hope MODS don't edit the post but if so maybe the correct wording is falsifying docs, falsifying income etc,etc,

[barracad]

The last one the lasses in the local branch fiddled our income so we could get the loan. We failed the points score in the morning and then they put it through again that same afternoon and we got the loan. What they did was increased our houshold income from £13k to £21k and I have the paperwork to prove it

 

If you have evidence we would be very interested in a copy please

 

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