Shop Direct CCA - Is Credit limit relavent to enforceablitly

[bluespiderman]

Hi all,

 

my wife has a shop direct finance account (Littlewoods/Very) which charges a ridiculous rate of interest.

 

It is now in default as she can't afford to pay the full payments.

 

We CCA'd them to check details - there is an online 'ticked' agreement from 2011,

but i did notice the credit agreement on the CCA is considerably lower than the amount of goods eventually purchased.

 

My question - do the terms of the CCA therefore only relate to the % of the outstanding balance as shown in the CCA,

or does it by default cover all items purchased on the account ?

 

i had hoped to negotiate an agreement such as pay the high rate of interest on the % of the balance,

but demand that they freeze interest on the remaining amount and we'd pay x amount per month to settle the debt.

 

 

Thanks for any advice you can offer !

[dx100uk]

doesn't matter aFAIK

 

i bet you've loads of PENALTY charges though?

 

dx

[bluespiderman]

Sadly not so many yet, although they will be adding them on now. It's the future interest rate I'm worried about as it's 38% !

[dx100uk]

its a cat debt

 

very very [pun] low priority debt.

 

use this:

 

TELL [dont ask] them they are only going to get £xxPCM for xx mts

as a goodwill gesture

and as a reciprocal GOGW they must freeze int & refrain from levying PENALTY charges.

if they wont

drop them to £1PCM for life.

.

as an example>

.

I am currently in financial difficulties and not able to meet my normal monthly repayments.

to show my goodwill, i am going to pay £5 for 6 mts.

 

i will update you in 6mts time or before, should my situation change.

.

could you please as a reciprocal goodwill guesture,

.

refrain from levying any penalty charges & freeze the interest on my account.?

.

Should you fail to assist me during a period of financial difficulty, contrary to all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

.

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

.

.

as your actions would do nothing to help me.

.

i thank you for your time.

..

.

dx

.

then pay by your internet banking site

.

and get reclaiming

.

TAKE CONTROL

.

or

if you have sent the above and they refuse

then write back........

.

.

i'm sorry, but you have failed to assist me during a period of financial difficulty, against all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

i repeat again, the contents of my letter dated dd/mm/yyyy, for want of clarification:

to show my goodwill, i am going to pay £XX for XX mts

could you please as a reciprocal goodwill guesture, refraining from levying any penalty charges & freeze the interest on my account.

i will update you in 6mts time or before, should my situation chance.

should you fail to help by refraining from levying unlawful PENALTY charges & freeze my interest,

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

as your actions are doing nothing to help me.

This is contrary to the rules you should operate under.

disgruntled account holder

dx

[bluespiderman]

okay thanks for the info