Credit Card & Loan Balance's Wipped Clean !!!

guruo

Then why do we keep seeing the same crap day in day out on here about

Chez_Guevara

I have been thinking about using this, but only on the companies I feel have screwed me over.

Take Capital One, for example... Set me up with a great new credit card about 5 years ago on a 0% rate, which I was happy with. Had to pay a builder for some work he'd done, but he didn't take credit cards. So I phoned Capital One and they said, oh, just use one of those cheques that we send you EVERY DAMN MONTH. So I did...

When I recently worked out my APR, they are charging me over 30%... And when I phoned them up to question this, they said it was because I had taken out CASH.

I'm sorry - that is daylight robbery. What's in your wallet? !!!!!! Turpin, by the looks of it. If they bring down the interest rate, I will happily keep paying it. But I am never going to reduce the balance if I'm paying over 30% APR. That's getting into loan shark territory, I mean damn, most store cards are less than that.

How many people are aware that you pay a DIFFERENT rate of interest if you use a credit card cheque than if you use the credit card?

So I'm afraid the air gets a bit thin when companies like that take the moral highground. I will pay my way - but it has to be FAIR.

ShelfStacker_3

Chez_Guevara wrote: »

How many people are aware that you pay a DIFFERENT rate of interest if you use a credit card cheque than if you use the credit card?

The ones who read the terms and conditions which the card issuer sent to them (and you), which clearly state that credit card cheques are charged for at a cash advance rate?

ShelfStacker_3

Spamtastic! Reported.

PROLIANT

Unfair credit agreements? Should have gone to specsavers!

cleggy

why specsavers? i got a declaration off the courts and a letter off natwest stating that under section 77/78 they couldnt enforce me to pay the debt through the courts. They did ask me to keep to my end of the bargain as if..... not in this life time.

PROLIANT

A credit agreement becomes unfair, more so it seems on this digital bandwagon, when people get it in their head that they can bump a lender over a minor technicality or a typo on a CCA, wouldn't it hurt if the mortgage house decided that because you did not fill out the agreement correctly, 1 day before you are due to pay off your mortgage, 65 and enjoying your retirement then they say "oh by the way, we want the house back because you did not fill in a form correctly", oh how society would be up in arms over that.

cleggy

erm i think i see what your saying?! you think i should get my mortgage agreement checked aswel?

PROLIANT

cleggy wrote: »

erm i think i see what your saying?! you think i should get my mortgage agreement checked aswel?

Not sure, you best ask one of the mortgage advisors that you can find floating around this forum, however as consumers we may think we have the upper hand with the banks on this "voiding" credit agreements but what have they got up their sleeve? They will hit back with something when people are least expecting it.

bert&ernie

PROLIANT wrote: »

A credit agreement becomes unfair, more so it seems on this digital bandwagon, when people get it in their head that they can bump a lender over a minor technicality or a typo on a CCA, wouldn't it hurt if the mortgage house decided that because you did not fill out the agreement correctly, 1 day before you are due to pay off your mortgage, 65 and enjoying your retirement then they say "oh by the way, we want the house back because you did not fill in a form correctly", oh how society would be up in arms over that.

The house house belongs to you all allong. Nice try, but I think your savings account analogy was much better.