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vanquis/lowell financial ltd/fredrickson

chaz301975
Posts: 25 Forumite
hi first i will have to say sorry for the length of this post as there is a lot of history to go with
this first i did have a vanquis credit card that i opened in November 2009 i used the card fine with no problems. paying it all off in full every month till may 2010. when i started to leave more balance on the card only paying off half the amount as thats all i could. then in july the credit limit i had jumped from £250 to £750.
all this time i had there repayment option plan(full plan) that they pressured me in to having. also at this time my money problems with lloyds tsb started to come to a head. I found that couldnt cope with in june i started only paying min payments.
I thought this would be ok for a bit till i got back on the level. but i didnt know at the time that the repayment option plan went on the the ballance each month. so paying only the min payments ment i was always adding more to the balance and never paying off anything
eg july min payment £11.82 made
repayment option plan £9.07
purchase interest £10.27
cash interest £1.62
this ment the payments i made didnt pay any thing off this contiued till november when i tryed to change banks. this was at the advice of the cunsommer credit counseling service. there was a problem with direct debit transfer that ment i went in to arrears i tryed to use the repayment plan that i had but was told it didnt apply and coulnt use it.
that lead to were i am to day with letters from bryan carter solicitors and posible court action i have sent some letters and receved some see below
[FONT=Times New Roman, serif][FONT=Verdana, sans-serif]Dear Bryan Carter Solicitors[/FONT][FONT=Calibri, sans-serif]
[/FONT][FONT=Verdana, sans-serif]
Thank you for your letter regarding Lowell Financial Limited this debt was with vanquis bank on a credit card with them. I did use the card for a 6 months with no problem until money problems came to a head after going in to hospital for a operation.
on this card I had some “repayment option plan” there was a aggressive sale pitch to have this product to the point that the only way to stop the calls was to have the plan I was told that no mater what if I ran in to problems I could use this product on my account.
The cost of he plan was 1.29% of the balance of the card. i do not believe I was given all the information about the plan and its terms to give informed consent to begin the plan it also become impossible to stop the plan.
This was not a problem to start with as I paid the card off in full every month so no charge for the plan. How ever when the plan did start charging it went on to the card as a transaction. This meant that it increased the card balance even if you had already got to your limit.
this meant that when you paid the minimum payment it did not take the balance down in fact it added 1.165% every month to the balance (apr 13.978%). this meant that by the time I was in a position to contact vanquis bank.
all the interest and charges on the account it had gone up to £803.53 [/FONT][FONT=Calibri, sans-serif]
[/FONT][FONT=Verdana, sans-serif]at this point in November 2010 I tried with the help of consumer credit counselling service to come to a arrangement with vanquis bank this proved impossible. as they would not even take any reduced payment offers. The “repayment option plan” continued until 13 January 2011. in total with credit card interest still being applied.
the repayment plan and charges account for £394 of the £953 then there is the interest on the balance as well that continued after I tried to activate the payment plan. When all that taken in to account including payments made. it is less than £400 left I have tried with every other company that contacted me. starting with 1[/FONT][FONT=Verdana, sans-serif]st[/FONT] [FONT=Verdana, sans-serif]credit limited to set up a payment plan for the part of the debt that I owe. but all that happens is it gets past to a new company so please can you help me set up a plan to clear my part of the debt. I could pay £5 every month but not any more. As part of my debt plan I do not have a active phone number so cannot call also becouse of harasment from vanquis bank I cannot give out my work number [/FONT][FONT=Calibri, sans-serif]
[/FONT][FONT=Verdana, sans-serif]Yours sincerely,
[/FONT][/FONT][FONT=Verdana, sans-serif]
Dear Bryan Carter Solicitors[/FONT]
[FONT=Verdana, sans-serif]
Thank you for your letter regarding Lowell Financial Limited this debt was with vanquis bank on a credit card with them. I did use the card for a 6 months with no problem until money problems came to a head after going in to hospital for a operation on this card I had some “repayment option plan” there was a aggressive sale pitch to have this product to the point that the only way to stop the calls was to have the plan I was told that no mater what if I ran in to problems I could use this product on my account. The cost of he plan was 1.29% of the balance of the card. i do not believe I was given all the information about the plan and its terms to give informed consent to begin the plan it also become impossible to stop the plan. This was not a problem to start with as I paid the card off in full every month so no charge for the plan. How ever when the plan did start charging it went on to the card as a transaction. This meant that it increased the card balance even if you had already got to your limit. It also meant that when you paid the minimum payment it did not take the balance down in fact it added 1.165% every month to the balance (apr 13.978%). this meant that by the time I was in a position to contact vanquis bank with all the interest and charges on the account it had gone up to £803.53 [/FONT]
[FONT=Verdana, sans-serif]at this point in November 2010 I tried with the help of consumer credit counselling service to come to a arrangement with vanquis bank this proved impossible they would not even take any reduced payment offers. The “repayment option plan” continued until 13 January 2011. in total with credit card interest still being applied the repayment plan and charges account for £394 of the £953 then there is the interest on the balance as well that continued after I tried to set up a payment plan. When all that taken in to account including payments made it is less than £400 left I have tried with every other company that contacted me starting with 1[/FONT][FONT=Verdana, sans-serif]st[/FONT][FONT=Verdana, sans-serif] credit limited to set up a payment plan for the part of the debt that I owe but all that happens is it gets past to a new company so please can you help me set up a plan to clear my part of the debt. I could pay £5 every month but not any more. As part of my debt plan I do not have a active phone number so cannot call also becouse of harasment from vanquis bank I cannot give out my work number [/FONT]
[FONT=Verdana, sans-serif]Yours sincerely,
his reply
[/FONT]
[FONT=Calibri, sans-serif]Dear Mr xxxxxx
[/FONT]
[FONT=Calibri, sans-serif]We confirm that we were only instructed to send a letter before claim but we thank you for contacting us.[/FONT]
[FONT=Calibri, sans-serif]We have passed your email to Fredrickson International Limited, who remain instructed in this matter and we are informed that they will be responding to you directly in due course.[/FONT]
[FONT=Calibri, sans-serif]Yours sincerely[/FONT]
[FONT=Calibri, sans-serif]
[/FONT]his first letter was 13 sept 2013 relpy was on the 17/10/2013 and last letter sent to me was 09/09/2014 with only two letters from fredrickson inbetween dates 29 july 2014 and 29 august 2014
[FONT=Verdana, sans-serif] i also have some pdf of other letters but cant add them any help or advice please
[/FONT]
this first i did have a vanquis credit card that i opened in November 2009 i used the card fine with no problems. paying it all off in full every month till may 2010. when i started to leave more balance on the card only paying off half the amount as thats all i could. then in july the credit limit i had jumped from £250 to £750.
all this time i had there repayment option plan(full plan) that they pressured me in to having. also at this time my money problems with lloyds tsb started to come to a head. I found that couldnt cope with in june i started only paying min payments.
I thought this would be ok for a bit till i got back on the level. but i didnt know at the time that the repayment option plan went on the the ballance each month. so paying only the min payments ment i was always adding more to the balance and never paying off anything
eg july min payment £11.82 made
repayment option plan £9.07
purchase interest £10.27
cash interest £1.62
this ment the payments i made didnt pay any thing off this contiued till november when i tryed to change banks. this was at the advice of the cunsommer credit counseling service. there was a problem with direct debit transfer that ment i went in to arrears i tryed to use the repayment plan that i had but was told it didnt apply and coulnt use it.
that lead to were i am to day with letters from bryan carter solicitors and posible court action i have sent some letters and receved some see below
[FONT=Times New Roman, serif][FONT=Verdana, sans-serif]Dear Bryan Carter Solicitors[/FONT][FONT=Calibri, sans-serif]
[/FONT][FONT=Verdana, sans-serif]
Thank you for your letter regarding Lowell Financial Limited this debt was with vanquis bank on a credit card with them. I did use the card for a 6 months with no problem until money problems came to a head after going in to hospital for a operation.
on this card I had some “repayment option plan” there was a aggressive sale pitch to have this product to the point that the only way to stop the calls was to have the plan I was told that no mater what if I ran in to problems I could use this product on my account.
The cost of he plan was 1.29% of the balance of the card. i do not believe I was given all the information about the plan and its terms to give informed consent to begin the plan it also become impossible to stop the plan.
This was not a problem to start with as I paid the card off in full every month so no charge for the plan. How ever when the plan did start charging it went on to the card as a transaction. This meant that it increased the card balance even if you had already got to your limit.
this meant that when you paid the minimum payment it did not take the balance down in fact it added 1.165% every month to the balance (apr 13.978%). this meant that by the time I was in a position to contact vanquis bank.
all the interest and charges on the account it had gone up to £803.53 [/FONT][FONT=Calibri, sans-serif]
[/FONT][FONT=Verdana, sans-serif]at this point in November 2010 I tried with the help of consumer credit counselling service to come to a arrangement with vanquis bank this proved impossible. as they would not even take any reduced payment offers. The “repayment option plan” continued until 13 January 2011. in total with credit card interest still being applied.
the repayment plan and charges account for £394 of the £953 then there is the interest on the balance as well that continued after I tried to activate the payment plan. When all that taken in to account including payments made. it is less than £400 left I have tried with every other company that contacted me. starting with 1[/FONT][FONT=Verdana, sans-serif]st[/FONT] [FONT=Verdana, sans-serif]credit limited to set up a payment plan for the part of the debt that I owe. but all that happens is it gets past to a new company so please can you help me set up a plan to clear my part of the debt. I could pay £5 every month but not any more. As part of my debt plan I do not have a active phone number so cannot call also becouse of harasment from vanquis bank I cannot give out my work number [/FONT][FONT=Calibri, sans-serif]
[/FONT][FONT=Verdana, sans-serif]Yours sincerely,
[/FONT][/FONT][FONT=Verdana, sans-serif]
Dear Bryan Carter Solicitors[/FONT]
[FONT=Verdana, sans-serif]
Thank you for your letter regarding Lowell Financial Limited this debt was with vanquis bank on a credit card with them. I did use the card for a 6 months with no problem until money problems came to a head after going in to hospital for a operation on this card I had some “repayment option plan” there was a aggressive sale pitch to have this product to the point that the only way to stop the calls was to have the plan I was told that no mater what if I ran in to problems I could use this product on my account. The cost of he plan was 1.29% of the balance of the card. i do not believe I was given all the information about the plan and its terms to give informed consent to begin the plan it also become impossible to stop the plan. This was not a problem to start with as I paid the card off in full every month so no charge for the plan. How ever when the plan did start charging it went on to the card as a transaction. This meant that it increased the card balance even if you had already got to your limit. It also meant that when you paid the minimum payment it did not take the balance down in fact it added 1.165% every month to the balance (apr 13.978%). this meant that by the time I was in a position to contact vanquis bank with all the interest and charges on the account it had gone up to £803.53 [/FONT]
[FONT=Verdana, sans-serif]at this point in November 2010 I tried with the help of consumer credit counselling service to come to a arrangement with vanquis bank this proved impossible they would not even take any reduced payment offers. The “repayment option plan” continued until 13 January 2011. in total with credit card interest still being applied the repayment plan and charges account for £394 of the £953 then there is the interest on the balance as well that continued after I tried to set up a payment plan. When all that taken in to account including payments made it is less than £400 left I have tried with every other company that contacted me starting with 1[/FONT][FONT=Verdana, sans-serif]st[/FONT][FONT=Verdana, sans-serif] credit limited to set up a payment plan for the part of the debt that I owe but all that happens is it gets past to a new company so please can you help me set up a plan to clear my part of the debt. I could pay £5 every month but not any more. As part of my debt plan I do not have a active phone number so cannot call also becouse of harasment from vanquis bank I cannot give out my work number [/FONT]
[FONT=Verdana, sans-serif]Yours sincerely,
his reply
[/FONT]
[FONT=Calibri, sans-serif]Dear Mr xxxxxx
[/FONT]
[FONT=Calibri, sans-serif]We confirm that we were only instructed to send a letter before claim but we thank you for contacting us.[/FONT]
[FONT=Calibri, sans-serif]We have passed your email to Fredrickson International Limited, who remain instructed in this matter and we are informed that they will be responding to you directly in due course.[/FONT]
[FONT=Calibri, sans-serif]Yours sincerely[/FONT]
[FONT=Calibri, sans-serif]
[/FONT]his first letter was 13 sept 2013 relpy was on the 17/10/2013 and last letter sent to me was 09/09/2014 with only two letters from fredrickson inbetween dates 29 july 2014 and 29 august 2014
[FONT=Verdana, sans-serif] i also have some pdf of other letters but cant add them any help or advice please
[/FONT]
0
Comments
-
Could you please edit your post, breaking it up into sentences and paragraphs, as it is giving me a headache trying to read it.0
-
i will try but it is the only way i could get it to work and in dysexic as well that is not much help0
-
hi Chaz,
if you could answer the follwoing questions it would give us a goof summary, we don't really need to see lots of letters from the past. You don't need to write a lot, just give short replies.
How large is this debt you are currently being chased for? Ignore whether this is interest or unfair, just how big do they say the debt is?
Do you have a court form about it? This will have a coat of arms at the top in blue? (Sometimes solicitors send you letters threatening court action but this isn't the same as actually taking you to court.) If you do, what is the date on the form?
Are you in work? If not, what benefits are you getting?
Do you have other debts as well? Please list these even if they are not cuasing you a problem in paying them. Debts include not just credit cards and bank loans but also:
- gas/ elecricity / water arrears
- council tax arrears
- rent / mortgage arrears
- catalogues, overdrafts, hire purchase0 -
hi thanks for trying to help so far no court action or papers ist threat was 13 sept 2013 and again 9 sept this year
only other dept is with lloyds tsb that is on a payment plan and that lloyds has admited that the should not have given me the credit im just still working on them as to the dept
i am in full time work but only on low income £14000 per year im single and get no benifits and pay rent ect on a two bed house with the counsel
hope this helps0 -
latest bill from bryan carter
balance £953.26
fees £55.00
costs £70.00
new balance if issued £1078.260 -
thanks
how big is the debt with lloyds on a payment plan? how much are you paying them every month?0 -
at the moment lloyds sold dept to apex credit management this year even after they admited part fault in the dept
loan balance £4.145.65 im paying £30 per month
overdraft balance £671.70 paying £5 per month0 -
chaz301975 wrote: »Loan balance £4.145.65 I'm paying £30 per month
Is this on 0% APR?0 -
lloyds dept is on 0% intrest thats why in not panicking over that one
all so vanquis/ bryan carter no intrest just threats of court and more charges0 -
Can I suggest that you call National Debtline https://www.nationaldebtline.org/EW/Pages/default.aspx and talk to them about a Debt Relief Order. It seems to me that you may well qualify:
- total debts of less than £15,000
- don't own a house.
but they can talk you all through this.
It would be a permanent solution to your debts, they couldn't then get sold on to anyone else and there would be no risk of court action.0
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