Capital One

leedspete_2

Unfortunately i have lost my job so i am trying to cut back on repayments.Called capital one who sent me out a budget form but they also asked for me bank statements for the las 3 months.
The question is : Do I have to send them my statements or will just the letter stating how jsa i am getting will be enough?/

Many thanks

Pete
p.s sorry if this is the wrong section

matttye

No you don't have to send your bank statements. Only a court has the right to demand such information.

A simple "this is what I can afford to pay each month" should suffice.

leedspete_2

So who is correct. I am confused now

matttye

leedspete wrote: »

So who is correct. I am confused now

You have no obligation to send them your bank statements. What McKneff is saying doesn't contradict that; he's just saying you might want to work with them.

I think asking for three month's bank statements is intrusive because they'll see a lot more information than they actually need.

leedspete_2

So do I need to send my jsa letter as well or not

Many thanks
Pete

matttye

leedspete wrote: »

So do I need to send my jsa letter as well or not

Many thanks
Pete

You don't have to send them anything, but again you might wish to work with them to reach a suitable agreement. I definitely wouldn't give them three month's bank statements, but proof of benefit is more reasonable.

Iwillresolvemydebt

I have a Capital One debt where I originally advised them 4 years ago that I could no longer pay the min monthly payments. They sent me an income and expenditure form to complete and have done every six months since as I was not happy for them to see my payments in/out of my account - although I had nothing to hide, I felt it was intrusive.
I have only ever filled in one of these forms and have been on a £5/month ever since.

That said, I have recently had a pay rise and soon will have a new job, so should I be paying them more than £5/month or would you suggest building up an amount and paying off in full based on a settlement figure? I am not being charged any interest but I would guess I need to pay this off sooner rather than later. I also wonder; if I do pay off more than the agreed £5/month, are they then entitled to add the interest back on as per what it should be? I should add that the account defaulted four years ago when I lost my job and they originally weren't keen to work with me on the debt.

McKneff

Ive deleted my post, I'm sorry I just seem to have caused confustion.