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what do you think?
estimator
Posts: 61 Forumite
Cool news today ( I think...) I have been chasing Capital one credit card ref charges and they wrote to me today stating that they will offe me 350 pounds.
With interest etc - I had asked for 566- what do you think,? take it? or should I chase for the total amount?:rotfl::rotfl::rotfl:
With interest etc - I had asked for 566- what do you think,? take it? or should I chase for the total amount?:rotfl::rotfl::rotfl:
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Comments
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Cool news today ( I think...) I have been chasing Capital one credit card ref charges and they wrote to me today stating that they will offe me 350 pounds.
With interest etc - I had asked for 566- what do you think,? take it? or should I chase for the total amount?:rotfl::rotfl::rotfl:
Which figure do you want and which figure do you not want?0 -
If I accept my offer from Capital One will they:
1. Give me the whole cheque or
2. Pay off what was outstanding on the card, if this was part settled a few years back and it's clearly marked as settled on my credit file?0 -
If you dont accept it then they will probably tell you to go to the FOS. You then wait 6-12 months (unless intercepted early on to try and resolve between the two of you before passing to an adjudicator) to be told that their offer is fair and you should accept it or that their offer isnt fair and it should be increased.
Do you think the figure is fair?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If I was owed £566 by someone who had the means to pay but only offered me £350, I wouldn't think that very fair."Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100
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If I was owed £566 by someone who had the means to pay but only offered me £350, I wouldn't think that very fair.
That assumes though that the complaint to the FOS would rule in your favour. That is by no means guaranteed.
The £350 being offered is a goodwill gesture to close the case quickly (its cheaper to pay a small amount and get rid of it then wait 6-12 months going through the FOS).
So, the OP has a choice of taking the £350 plus interest or gamble that money in the hope of a higher amount. If the FOS ruled in favour of the credit card provider then the OP could end up with nothing.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Oh, of course, it does assume the OP's claim for £566 was fair in the first instance"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100
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That assumes though that the complaint to the FOS would rule in your favour. That is by no means guaranteed.
The £350 being offered is a goodwill gesture to close the case quickly (its cheaper to pay a small amount and get rid of it then wait 6-12 months going through the FOS).
So, the OP has a choice of taking the £350 plus interest or gamble that money in the hope of a higher amount. If the FOS ruled in favour of the credit card provider then the OP could end up with nothing.
If the FOS stated that the funds were fair the OP still has the option of county court litigation. The FOS is not a county court.0 -
BankReclaimRebel wrote: »If I accept my offer from Capital One will they:
1. Give me the whole cheque or
2. Pay off what was outstanding on the card, if this was part settled a few years back and it's clearly marked as settled on my credit file?
Can someone please advise about the above, i'm due to accept Capital One's offer and just wanted to know before I do...Thanks in advance0 -
Ask them for a cheque, if the account was settled in full and final then it shouldnt be a problem.LegalBeagles0
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mmm, it worked out to be 1350 in charges in total- I have calculated the difference from when the charges where 20 pounds and then went down to 12 pounds and asked for the difference. They also charged me for ppi insurance and then after 6 months- stopped charging me. would rather have the high amount - of course, but also dont want to be greedy and loose every thing as maybe something is better than nothing...0
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