Skyrocket Versus Capital One

[Skyrocket1]

Have finally got my data after Sar-ing them and having to threaten them with a little court action after mucking me about.

 

Totted everything up and did a little reading around on here.

I've had a break from things due to getting married and that kind of took over my life for a while.

But I am back to this with a renewed energy!

 

So it would appear that Cap One have won a few cases in court recently regarding credit card charges and people claiming Compound interest.

Now the Compound interest at the time of my CC was 34.9% (I actually can't believe I went for a CC with an APR of that but I think that shows my desperate position at the time!)

I'd sooner not go to court especially if they have been winning recently so would I stand a better chance if I just asked for the 8% interest? My charges on their own come to around £700 so with the compound interest this makes it a couple of grand but obviously nothing if I lost!

[ims21]

You can use whatever interest rate you wish.

 

Cap1 are likely to be difficult with any claim and even if they do make you a goodwill offer they are likely not to offer a refund of anything of £12 since they feel that the OFT guidance is law.

 

If you want those charges back you need to be prepared to fight and if necessary go to court.

[Skyrocket1]

Ok may as well go for the full wack then!

 

All of my charges were in the last 6 years so are all £12 so looks like I may have a scrap on my hands with this lovely lot (dusts hands)

[Skyrocket1]

Prelim Letter sent 27/7/12

[Skyrocket1]

Ok had a lovely reply already from Cap One saying that the OFT in 2006 said charges of £12 were fair and they are in agreement with the OFT on this. As my charges are all of £12 pretty much they aren't giving me a bean!

 

I know this isn't what the OFT meant though