ppi redress offset to lowell

[stuwebb]

HI all

 

Just wondered where we are with offsetting ppi redress to cover a balance made up of charges and compound interest.

 

I had a credit card with capital one which was in default and was bought by lowell,

 

 

In 2013 i received a ppi reddress payment from capital one and this was paid to lowell to cover a balance made up entirely of charges

and compound interest,

despite challenging them since they are just giving me the runaround and being deflective in their letters.

 

I have done the spreadsheet and can see it is over £3000 for the charges and over £5000 if ppi was included in the calculations

so could do with a push on the best route to take to try and recover it

 

thanks

[dx100uk]

unless they own the debt

they cant offset this.

[stuwebb]

Hi dx

 

Thanks for reply in the original offer from capital one in 2013 it states we sold your debt to lowell in august 2009.It goes on to say that under the terms and conditions they could buy it back under right of off sett

 

While it is clear lowells owned the account at point of offsett i am not sure about about sett off.I have no terms and conditions the account was opened around 2000 any advice would be appreciated

 

sw

[theoldrouge]

they can repurchase and then offset

[stuwebb]

Hi

 

Could there be any mileage in pursuing this further,could try for charges but would need small claims route.

 

thanks