British Crdit Trust Charges and Fees & random APR increase

[tomtom013]

Hi again Dx and and crem.

 

Thanks for your comments on my previous posts. I have now recieved the SAR request for my second Car with BCT. I am still in possesion of the car in question BCT are threatening to take the car and have now passed the debt onto wright recoveriesn but have yet to persue through the courts.

 

My issue with them is that I am not sure how much I owe them if anything at all. They have sent me a retrospective statement from which I am finding it difficult to understsnd how much I have actually paid and what is still oustanding.

 

They have listed over £300.00 in defaults and interest charges and added 250.00 for GAP insurance when I requested not to have GAP insurance. It would be great for some advice on this and could PM you with the hard copy of statement.

 

It would be nice to formualte a letter of a full and final but not sure hoe much I owe so your help is gratly appreciated.

 

Cheers Tomtom

Many thanks

[dx100uk]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc using paint program

but leave all monetary figures and dates.

*********************************************************

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

DO NOT USE ANY PDF EDITOR TO BLANK STUFF, THAT CAN BE REMOVED

*************************************************************

DO IT IN MSPAINT.EXE or any photo editing program

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

convert existing PC files to PDF [office has an installable print to PDF option]

..

goto one of the many free online pdf converter websites [http://docupub.com/pdfconvert/]

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

i'e Default notice dd-mm-yyyy

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

dx

[tomtom013]

Cheers Dx,

 

See attachment which includes statement and HP agreement.

[dx100uk]

document fee

unpaid dd fee int free

arrears letter fee

late payment int

notice of default fee

info request fee

 

all need to be put in the foscisheet on each date they occur

 

info on gap needed like the int figure please

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

dx

[tomtom013]

okay I have done that and attached it. Its £330.22 witout interest and £484.21 at 28% APR

 

I have no information/documentation in the SAR regarding the GAP insurance, including the interest, other than I know that they have charged me for it (£195.00 as first payment) even though I did not request or sign for it. Infact, I recall decling GAP along with PPI when they asked if required it.

[dx100uk]

that agreement sheet is cropped

it must be on the argreement

 

dx

[dx100uk]

you need to put the int rate in the box on the xls

 

dx

[tomtom013]

thanks again Dx

 

I'll upload an uncropped version of the HP agreement but there is nothing eluding to GAP insurance other than what you can already see. I'm pretty sure they should not add interest to the one off GAP payment but how do you work out if they have.

 

The HP agreement is only 2 pages long. I have put 28 APR into the xls sheet.

[dx100uk]

there are several glaring things about the agreement and the statement list

 

they have charged for a 'document fee' on the statement however that obv equates to the 'arrangement fee' on the agreement

 

add the doc fee to a copy of the statint xls please, it is not specifically listed in the sign agreement so get it back.

add the GAP ins to that statint sheet too.

 

it is mentioned in the agreement [as such] but has not int added, but you have not signed for it.

 

 

 

dx

[tomtom013]

Okay Dx done that and attached the file, the sum is getting bigger circa £2700.

 

So with this what do you suggest my next move to be. Can they not charge interest on the arrangement fee?

 

Cheers

 

Tomtom

[dx100uk]

no not to your existing sheet

 

gat a copy of the statint SOC and put them in there.

 

and they haven't added int to the arrangement fee as far as i can see

 

dx

[tomtom013]

okay done that, staint being 8% and not 28 APR.

 

i have attached the file

[tomtom013]

Hi Dx,

 

So the amount they say I still owe BCT £1268.43.

 

However, they have charged me £484.21 in charges and interest of whci includes 28% APR.

 

They have also applied a document fee (£480.00) and GAP insurance (195.00) which when interest at 8% APR is added equals £909.78.

 

Therefore (909.78 + 484.21) - 1268.43 = £125.56. This is what thet actually owe me.

 

I am not actually interested in extracting money from BCT but a nudge in the right direction on how to approach BCT with a letter would be greatly appreciated.

 

It would be nice for them to accept this view but my guess is that they will chase the oustanding amount using Wright Recoveries.

 

Cheers

 

tomtom

[dx100uk]

IMHO i would write them a letter

inc the two spreadsheets

 

the one in post 24

and

the one in post 20

 

dx

[tomtom013]

Okay dx, thanks for the help and advice.

 

I will write them a letter with spread sheets included and will let you know there response if any.

 

thanks again and small donation to the CAG site just made

 

Cheers Tomtom