Mrs StevoKenevo v Capital One***WON***

[ukaviator]

Looks ok to me matey! Go get em

 

I've chickened out of going for contractual interest in my current claims.......my experience with BOS put me off!! Almost done with Lloyds now tho, only two to go after that!

 

I've used the English system every time now and swear by it. Much simpler!

 

Good luck!

 

Capital One are a lot easier to deal with on CI..

 

uK

[stevokenevo]

Thanks for the input UK, in your opinion, does the POC above look ok, have i missed anything out? im not going for the S69 dont want to confuse matters

[ukaviator]

Hi Stevo

 

Are you using MCOL or filling in an N1 form for your local court?.. POC has'nt the daily rate added. Your settlement could be 8 weeks away, so the amount per day could add up. Also you can't claim the s.69 if your claiming contractual.

 

Uk

[stevokenevo]

Its an N1 form, i wasnt sure how to add the daily rate as i wasnt claiming the S69

Should i add the daily rate as calculated by the spreadsheet?

if so any tips on how to word it?

 

thanks in advance

[stevokenevo]

Ok Rejection letter in the post, Claim forms printed off, i am going to post them on Friday morning, so they get them on monday morning.

 

I havent bothered adding anything to the POC re the daily interest rate, it is on the schedule of charges so that should do.

[ukaviator]

Draft Particulars of Claim

 

1. The claimant has a Credit Card Account xxxxxxxx with the defendant, governed by the defendant’s Standard Terms and Conditions (“the contract”).

 

2. The claimant admits to breaches of the terms of the contract that require the claimant to stay within any agreed limit.

 

3. The breaches have led to the defendant debiting the account with numerous default charges, and interest on the default charges, between Date and Date. A list of the charges and interest on the charges is annexed to the Particulars of Claim.

 

4. The defendant has declined to answer the claimant’s written requests for information about any manual intervention necessitated by, and/or any administrative costs incurred as a result of, the said breaches. The claimant avers that the defendant’s default charges are not intended to represent any alleged actual loss, but instead unjustly enrich the defendant, which exercises the contractual term in respect of such charges with a view to profit.

 

5. The claimant will rely on a report from the Competition Commission entitled “Northern Irish Personal Banking,” published on 20/10/2006, as evidence that the defendant is aware that the income derived from its default charges is calculated to generate material profits and is not merely a means of recouping losses incurred in relation to account defaults.

 

6. The claimant will further rely on the statement of the Office of Fair Trading (OFT) concerning default charges in credit card contracts, published on 05/04/2006, to demonstrate that:

 

a.The OFT’s recommendations regarding standard default terms in credit card contracts have wider implications, as regards bank current account agreements.

 

b. In a consumer contract, where the parties are not of equal bargaining power, any estimate that included costs which could not legitimately be claimed as damages from an individual consumer in a case brought at common law, and which made a material difference to the overall charge, is likely to constitute a penalty at law.

 

c. The interest ordinarily charged on an overdrawn balance of account would of itself be deemed sufficient compensation to the defendant in a claim for damages arising from account breaches of the said nature.

7. Accordingly the defendant’s default charges are:

 

a.A penalty and therefore unenforceable as they are an unreasonable pre-estimate of the probable loss to the defendant and therefore contrary to common law - Dunlop Pneumatic Tyre Co Ltd v New Garage and Motor Co Ltd [1915] AC 79.

 

b.Invalid under s.4 of the Unfair Contract Terms Act 1977.

 

c.In the event that the court finds that the charges are not a penalty they are unreasonable within the meaning of s.15 of the Supply of Goods and Services Act 1982.

 

8. The claimant is seeking the return of charges totalling £xxx.xx, and interest applied on the charges totalling £xxx.xx.

 

The facts relevant to the claimant’s right of action are that the defendant is unjustly enriched by exercising the contractual terms in respect of default charges with a view to profit. If the defendant has elected to present its charges as if they were a legitimate loss or cost, whilst it is in actual fact profiting in a material sense from the charges, the defendant can be seen to have been operating without accountability to its customers, and to have consciously concealed the facts. The defendant is clearly in a privileged position to have a direct means of withdrawing monies from the claimant’s Card Account. The claimant is entitled to know whether the charges paid represent a justifiably incurred cost to the defendant’s business, or whether they are in fact a penalty, and to expect that the defendant will always conduct itself with integrity.

 

9. The claimant claims compound interest on the amounts claimed - using the rate and method specified in the said contract, and applied by the defendant to monies it is owed. The claimant’s grounds for seeking to be compensated for the defendant’s unauthorised use of the claimant’s monies in the terms provided for in the contract, follow the principle advocated by the OFT - in its published guide to The Unfair Terms in Consumer Contracts Regulations 1999 - that “fairness and balance require that both parties to a contract are equally bound by it, and equally liable to pay compensation for failure to abide by it.”

 

10. Alternatively, if the court decides that the claimant is not entitled to interest in accordance with the contract, then the claimant claims interest under s.69 of the County Courts Act 1984.

 

11.Accordingly, the claimant claims:

 

a. The return of £xxx.xx taken by the defendant in charges and interest applied on the charges between Date and Date

 

b. Court costs

 

c. Compound interest at the contractual rate of xx.x% APR from Date to Date of £xxx.xx, rate up to the date of judgement or earlier payment.

 

d. In the alternative to c., interest under s.69 of the County Courts Act 1984 at the rate of 8% a year, from xxxxxx to xxxxxx of £x and also interest at the same rate up to the date of judgement or earlier payment at a daily rate of xp.

 

Have a good read through this and amend it to suit your needs. The daily interest rate is calculated by:

 

Total claim amount including interest x 0.00022 This gives you the daily rate.

 

Hope this helps

 

Uk

[stevokenevo]

AHHGGR i have printed off my 3x copies of claim and schedules of charges.

 

Not to worry, would rather have this info than not, it clearly states the things i would like to have said, but couldnt quite manage.

 

I shall amend my POC tonight, and print it all off again in the morning (need to print it off at work)

 

Thanks UK for your input, it is greatly appreciated!

[stevokenevo]

ok, i have the POC amended and looking great, but,

 

quick question RE the N1 form - Do you have to put the POC on the form or do you mark 'attached' and 'attach' the POC seperatley, it doesnt fit in the box on the pdf version of the claim form.

 

I have had 5 succesfull claims previous, but never have i stressed like this, guess i dont fancy the round trip from Glasgow to Nottingham and want to get it right first time ;-)

[stevokenevo]

 

quick question RE the N1 form - Do you have to put the POC on the form or do you mark 'attached' and 'attach' the POC seperatley, it doesnt fit in the box on the pdf version of the claim form.

 

I

 

Bump

[stevokenevo]

slightly off topic, missus stevokenevo gave birth to a bouncing baby girl on monday, weighing in at a spritely 9lb1

will give it a couple of days before pursuing case as you could imagine ;-)

[rory32]

Congratulations mr & mrs stevokenevo :D

[glav]

CONGRATULATIONS

glav:)

[ukaviator]

Congratulations . .your refund will come in handy...

 

Uk

[stevokenevo]

Congratulations . .your refund will come in handy...

 

Uk

 

Maybe i will make an honest woman of her, although, i think it will take more than a few quid ;-)

[maroondevo52]

Congratulations.

[sowerby17]

well congratulations to you all. Hope you all fine.

[stevokenevo]

Thanks all ;-)

[stevokenevo]

Ok i am back on the ball, forms completed in full, will print off in morning and send recorded.

Thanks for all the help and advice so far ;-) it is appreciated

[stevokenevo]

so much for being back on the ball ;-)

 

N1 finally posted this morning in triplicate and recorded

[sowerby17]

That is great just the wait now.GL.

[stevokenevo]

Received our copy of claim form back today stamped by Nottingham County Court, so i we shall take it from that they have accepted the claim ;-)

 

onwards and upwards!

[ukaviator]

Yep . .just the wait now. .

 

Uk

[stevokenevo]

Received notice of issue around a week ago

 

Claim was issued on 5th July, Sent to defendant first class on 6th July, Deemed served on 10th July. Defendant has until 24th July to reply.

 

I feel like i should be doing something in the meantime, am i missing something?

[ukaviator]

No . .just the wait now. . .any more claims to be looking at?

 

Uk

[stevokenevo]

Funny you should say that, i have just received info back from Black horse for a car loan, and LTSB homeLoans. reckoned there may be a few charges on there but it turns out i only missed one payment on each.

 

Considering a claim for missold PPI with LTSB though, as a company director i dont think i was eligible for it. need to look into it though.

I should be able to find a loophole.