@argoshelpers Argos Card - Interest impossible to pay

[Lilythepink]

I took out a card in 2002, with my mum who has now passed away.

 

 

I have been trying to pay this off, but the interest this month on £1950 is nearly £200.

 

 

I cannot afford the payments let alone this interest.

 

Does anyone have the same problem, as its just ridiculous.

[Bazooka Boo]

Have you told them to STOP all interest as your circumstances have changed?

 

Was it a joint account?

 

Unfortunately it is the dreaded Vanquis card! They're a right pain.....

[Lilythepink]

I am the main cardholder, my mum was just an additional cardholder. I am just about the write a letter to them, any ideas of what to write thanks

[Bazooka Boo]

I think there is a 'Harship' letter in the library you can send them, asking them, to stop all interest and charges for the time being.?

[Lilythepink]

thanks Bazooka, the interest is just unbelievable......

[Bazooka Boo]

Meant Hardship, not harship!

 

Do they have anything on their site about financial difficulty?

http://www.argos-credit-card.co.uk/terms-and-conditions

 

It would appear not!

[Lilythepink]

They warn you about the high interest rates on your bill, and in fact pay later items, they warn you that you might not be able to afford the interest, so then why do they charge such high interest.

[Bazooka Boo]

Simply because you're the product, they care nothing of if you can afford it or not.

You're simply profit to them.

[Lilythepink]

Argos are still charging interest and won't stop, they have sent me a incom/outgoing sheet to fill in. I sent them a consultant's report from 2012, when I was very ill with anxiety, and was off work for a while. They are asking for current medical reports on my health.

 

Can I ask for a CCA?

[obiter dictum]

Argos,

 

Whats that, 34.9% APR

 

I have a Vanquish card. I settle each month for the very reason the APR

 

They charge me 59.9% APR

That is with a credit line of £3500

 

I agree with Bazooka Boo, they do not care one iota as to your welfare

[havinastella]

Argos are still charging interest and won't stop, they have sent me a incom/outgoing sheet to fill in. I sent them a consultant's report from 2012, when I was very ill with anxiety, and was off work for a while. They are asking for current medical reports on my health.

 

Can I ask for a CCA?

 

Yes, do this straight away.

[Lilythepink]

Yes, do this straight away.

 

Will do, they charge 39.9 per cent

[obiter dictum]

Truly shocking with current interest rates at 0.5%

[Bazooka Boo]

They are taking the proverbial, how dare they ask for such personal private information such as your medical reports, I know exactly where I'd tell them to

stuff that little request!!

 

What they won't tell you is that their silly little card isn't a priority debt, and as such it comes right down the bottom of the list of things to pay, and yes I do mean after you've had your hair and nails done, partied the weekend away and saved for you holiday in Barbados.

 

If you have told them to stop interest because of your circumstances and they have ignored you and are continuing to add their interest, then IMO I would drop them down to £1 a month whilst exhausting their complaints procedure (if they have one?) and then escalating it to the FOS.

 

I'm guessing that this is already on your credit file? What are they marking it down as?

[Lilythepink]

Late payments at the moment, but I received three different letter today and a budget sheet with each. No default yet? Will draft a letter and send it off, asking for agreement.

[havinastella]

Late payments at the moment, but I received three different letter today and a budget sheet with each. No default yet? Will draft a letter and send it off, asking for agreement.

 

The letter you require is in the library.

[Lilythepink]

Asking for the CCA, but do I need to explain about my illness?

 

 

They want an up to date report,

 

 

I could get one, but as you say, it is private and they should not be asking for it.

 

 

Interest is being applied,

 

 

and at the moment, I am in an argument with Nationwide and a charge on my home.

[SabreSheep]

treat the cca as a separate request. make sure you have proof of postage as well.

 

I would also send a full SAR to make sure you have all the paperwork and to highlight any historic late payment charges and insurances that might be able to be reclaimed/reduce the balance.

[Lilythepink]

Which to send first, or send them all on the same day

[dx100uk]

makes no odds

 

 

dx

[dx100uk]

but DONT change them

 

 

CCA request

SAR

 

 

dx