argos and moorcroft debt recovery....

razer12121

Some might of read my other thread but to cut it short, i had some real big finacinal difficultys last year but now thats all over im going to try and pay my debts of so... i got an argos card last year and suddenly was not able to afford to pay it back so now i have a debt of £300! this has since gone up to £363!! the £63 is charges, now what im wondering is am i able to get rid of the charges at all?? i mean does it really cost £12 to post a letter? ive not contacted argos or anything...im not sure what to say i dont what the account anymore i just want to pay it of, without the charges though..any advice would be great!! thanks!

savingmummy

Argos are very high in interst/apr their charges are huge!!
I don`t think you can get rid, but some do it as a goodwill gesture when confirming to pay so maybe worth calling and asking!
Most store cards are like this hence advise to cut up cards/don`t get them!!

razer12121

hm, well its not loads but im intent on trying to pay them £150 a month just to get them out of the way, its only small at the moment so yea lol saying that ive not really had many letters from them to add up to this? this is my 3rd letter so from what i can understand the others must have gotten lost in the post, there threatening me with legal action ell they are saying it "may" lead to legal action

I_luv_cats

I don't think you can do anything about the £12 charges other than goodwill as there was an agreement to cut the charges capped down to £12 in 2006 unlike with bank accounts.

razer12121

ok, should i ring or should i send a letter?? sorry guys pretty new to all this

pepe2008

I would think that you are stuck with the charges. Explain your financial situation and offer £121 per month for 3 months.
I would be surprised if they refused this. make the offer by letter....never phone!

razer12121

got it thanks for the help! but one last thing, should i ask at all about the charges in the letter?

nandj_2

Hi Razer,
Has Moorcroft bought the debt or collecting it on behalf of Argos?
If Moorcroft has bought the debt, check your terms and conditions of your Argos card to make sure that the charges can be carried over to a third party.
Have you not CCA'd Argos to check if the agreement is enforceable?
Regards
NandJ

razer12121

hi, thanks for your reply, well this is it i only got the argos card last year, and no i didnt sign anything but if im correct because i did get the card before april 2007 i can be made to pay it correct? and just so you no moorcraft are acting on behalf of argos, argos have not sold the debt to them

razer12121

can i just ask, can anyone confirm if i should send a CCA to argos? i mean is there any real point? i know for a fact that i didnt sign anything but seems as i got it last year...would there be any point? thanks for your input!