Small Credit Card Claim

[BlunderCity]

Hello everyone,

 

I've been lurking around this forum for a while now but haven't yet pulled the trigger on anything. I'm ready to do that now.

 

I will start with a small claim relating to charges on my Lloyds TSB Asset card. This is a credit card.

 

I have worked out there were $120.00 worth of charges which I am currently including in the list of charges template.

 

I had two questions for you guys, one straightforward, the other one not.

 

1- What do you write on the "Claim Number" box? Cell B3 in the details.

2- What do you include in the interest boxes? Cell C12 and C13.

 

About number 2 I am not entirely clear whether you guys have included the card's rate of interest + 8% or if it is either one of the two. and what if the interest has jumped from say 18% to 29% and then back to 18% with interest probably calculated on a daily basis?

 

What do you guys do in that situation?

 

Thanks a lot.

[jontah 2006]

bumped

[nicsussex]

Not sure it's really necessary to bump a thread afer 4 minutes!

 

You have not stated at which your claim is at but presumably you are at preliminary stage and this is to enable you to complete your schedule of charges.

 

Q1 - This will be supplied by the court when you submit your claim

 

Q2 - Depends which version of the spreadsheet you are using and what interest you are claiming

[BlunderCity]

bumped

 

Not sure bumped was the answer I was looking for but thanks anyway for your contribution.

[BlunderCity]

 

Q2 - Depends which version of the spreadsheet you are using and what interest you are claiming

 

Question 2: Well that's the problem. I have 2 different rates of interest and interest is probably calculated daily. It's not particularly transparent on the statement, it only shows total interest for that month but I imagine this is an aggregate interest rate.

 

I think this also occurs for current accounts. Do you guys calculate using daily interest rates?

[BARTY]

Hi

These are the spreadsheets we use to calculate the interest:

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/182-6-interest-calculation-spreadsheets.html

 

Good luck, keep us posted.

Barty:)

[jontah 2006]

Not sure it's really necessary to bump a thread afer 4 minutes!

 

You have not stated at which your claim is at but presumably you are at preliminary stage and this is to enable you to complete your schedule of charges.

 

Q1 - This will be supplied by the court when you submit your claim

 

Q2 - Depends which version of the spreadsheet you are using and what interest you are claiming

 

Not sure it's really necessary to bump a thread afer 4 minutes!

you are absolutely right.not necessary at all.so sorry.

[BlunderCity]

Not sure it's really necessary to bump a thread afer 4 minutes!

you are absolutely right.not necessary at all.so sorry.

 

Are you the resident thread bumper?

[BlunderCity]

OK I'm preparing my letter for what ought to be a straightforward case here (but hey you never know). The amounts are relatively small compared to other claims around here.

 

Could you tell me which format should I use for the schedule of charges to send alongside the letter? Do I enclose a copy of the spreadsheet (replacing the 8% rate by the interest they charged me on the charges) or do I simply send them a list of the charges and interest?

 

Remember this is a claim for less than $150 worth of charges and probably not much more in interest. I don't think they'll be fighting this too vigorously.

 

Another thing. This is a closed account but do you know if they try to punish you by removing your existing credit cards if you send them a claim? Also if you have a loan with the bank can they threaten you to repay it if you **** them off with claims?

 

Thanks guys (and girls of course)

[BlunderCity]

Anyone?

[BARTY]

Hi

Is this the spreadsheet to include with your N1? If so you need to include the column with the 8% interest in. If it's to send with the Prelim or LBA letter, you should remove the 8% interest column.

 

Your credit cards, loans etc should not be affected unless they are in arrears, then they "may" call them in.

 

Barty:)