Capital One CCA Request

finshe

Hi, i'm sorting out my debt as i can no longer meet the minimum payments.

I have had a classic credit card from cap 1 since 2001 and i have never
had a default or missed payment. The last year i have not used the card
as i'm trying to clear it.

Outstanding Balance about: £3000
Next Minimum Payment about: £100

I want to CCA Request the card company to make sure they have a legal
right to charge me the interest as they are wanting to increase it by nearly 10%.

Any help would be appreciated, i especially need the address to send the
CCA Request too. Thank's in advance

never-in-doubt

finshe wrote: »

Hi, i'm sorting out my debt as i can no longer meet the minimum payments.

I have had a classic credit card from cap 1 since 2001 and i have never
had a default or missed payment. The last year i have not used the card
as i'm trying to clear it.

Outstanding Balance: £3633.68
Next Minimum Payment: £109.01

I want to CCA Request the card company to make sure they have a legal
right to charge me the interest as they are wanting to increase it by nearly 10%.

Any help would be appreciated, i especially need the address to send the
CCA Request too. Thank's in advance

Unenforceability & Template Letters

Send to their complaints dept, address on back of statement!

finshe

Thank's never-in-doubt,

It will be posted via first class recorded today, fingers crossed.

never-in-doubt

finshe wrote: »

Thank's never-in-doubt,

It will be posted via first class recorded today, fingers crossed.

You do know that if they increase the interest rate, you have a right to demand it stays at old rate until balance is paid off afterwhich the account becomes closed. They cannot enforce you pay a higher rate, unless of course you use the account.

Stop using the account, tell them to p!ss off and CCA them for unenforceability! lol

We are the Crappy1 - haters! lol :beer:

finshe

Yes i had to look into it, as the letter they send suggests that you must clear the balance if you dont want to pay the new rate(which is not the case as in your reply above).

never-in-doubt

finshe wrote: »

Yes i had to look into it, as the letter they send suggests that you must clear the balance if you dont want to pay the new rate(which is not the case as in your reply above).

You must clear the balance, but not all at once! You can still maintain the original terms but then not use the card!

finshe

Sorry about that, that's what i meant but missed out the in one go bit.

finshe

Update:
Sent of the CCA Request via first class recorded delivery to:

Executive Office
Capital One Bank(Europe) PLC
PO BOX 5281
Nottingham
NG2 3HX

I used letter 1 which is linked to in post 2 above(i changed the reference of cheque to postal order and dated it), i await there responce.

bingy_burge

So are you trying to stop the interest but pay back the capital are are you trying to wriggle out of paying anything?

never-in-doubt

bingy_burge wrote: »

So are you trying to stop the interest but pay back the capital are are you trying to wriggle out of paying anything?

Don't start that nonsense again! Its not wriggling out of anything as i've told you on numerous occasions now. If you do not know the law then please shut up - do us a favour! :mad:

finshe

I was just about managing to pay the minimum, and then i get cap 1's letter saying they are going to increase the rate by nearly 10% because they were getting charged more by whoever they lend off.

If they can change the rules like this i want to know it's legal and above board. I'm not 'trying to wriggle out of paying anything' as you put it, i'm just trying to play by the rules.