cap1 & freds

[orlauk]

can anyone help me by giving me some debt advice regarding capital one

[ims21]

Please tell us the story and we can decide whether to pop your thread in the Capital One forum or the Debt Collection forum.

[orlauk]

im on payment plans with many of my creditors.

 

 

in january capital one requested income and expenditure sheet plus wage slips and bank statements.

 

 

i submitted i and ex plus only one wage slip as i was uncomfortable about sending these through the post plus they are personal to me.

i paid ten pounds per month which they accepted.

 

 

this payment plan came up for renewal in october.

i sent income and expenditure but no wage slips or bank statements and

i upped my payments to 15 pounds per month.

 

 

they have rejected this amount and want me to pay 23 pound per month which i cannot afford.

they are now asking me for another income and expenditure sheet to be filled in

so they can review it again even though its only 6 week since i last filled one in.

 

 

when i ring them all i get told is you should set yourself up on a cccs debt management plan.

 

 

i have sought help from national debtline and if i take cap1s advice they may even get less than 15 pound per month

[ims21]

Hi

 

I've moved you to the debt self-help forum as you seem to be doing this rather well

 

I've also changed the thread title to reflect the problem better.

 

You seem to be on top of things regarding the I&E and can look after this aspect yourself. There is no requirement to send an I&E although some people do so to back up their argument. Certainly don't send them bank statements or wage slips again.

 

Basically you tell them what you you can afford and you stick to the payments. They cannot have what you haven't got. So carry on paying them regularly an amount that you can afford.

 

Knowing Cap One I bet there are heaps of charges on there for late payment, going over your limit etc which you can claim back. Have you got all of the statements?

[orlauk]

yes i have. could u tell me how i go about claimin back my charges

[ims21]

Ok complete this spreadsheet.

 

CISheet v101.xls

 

Enter each of the charges giving the date, description and amount. Change the interest rate to the rate they were charging you on the card. If it varied over time, use the average of the rate they were charging.

 

The spreadsheet will give you a total of the charges and the interest which you will be claiming back.

 

Please let us know what figure the spreadsheet comes up with.

 

When you have done that you will need to send a print of the spreadsheet to Cap One together with a preliminary letter of claim. You can use the on in post #31 here as a template and amend it to suit

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?309037-Charges-older-than-6-years-***WON***-Compound-Int-t-and-**NO-SET-OFF**

 

Are you prepared to go to court to get these charges back? Capital One are not known for giving in easily.

[orlauk]

could anyone please tell me whats going off here?

 

 

i had capital one debt of two thousand pounds..

 

 

suffered a family bereavement and could only afford to pay them 15 per month.

 

 

they set me on a repayment plan which i paid for five years.

 

 

got into dispute with them cos i wouldnt send them my wage slips or bank account statements.

 

 

they sent it to fredricksons whom i paid for 18 months on a repayment plan.

that was closed down and the account sent back to capital one.

 

 

then i got notice that the account had been sent to cougar.

paid them for three months then they close the account down again

and sent it back to capital one.

 

 

diidnt hear from then for about six months when outa the blue i got a letter from lowell

saying they were dealing with the account.

 

 

made a payment and sent an income and expenditure form to them

when i get a letter saying the account had been closed

and was being sent back to capital one.

 

 

whats going on here.

[dx100uk]

simple answer

 

 

I think you are being had.

 

 

have you ever sent a CCA request for this debt?

 

 

did you ever get those charges back?

 

 

dx