27 years of direct debits

slowpoke_rodriguez

This is probably a non starter, but...
I am executor for my late father's estate.
Whilst going through his papers I found a credit agreement dated 1987 for the purchase of a water softener.
The agreement was for 36 months of £17.42 payed by direct debit, giving a total of £627.12.
According to his bank statements this amount was payed every month until his death last year- giving a rough total payed of £5644.08 (27x12x17.42). An overpayment of over £5000!
Is there a cat in hell's chance of getting the overpayment repaid?
Anyone care to calculate the total with prevailing interest rates/inflation?
Ta.

noh

Are you sure it was a DD and not a standing order?

slowpoke_rodriguez

Just checked; it was a standing order.

WestonDave

You might be able to get the sum paid back but expecting interest on it bearing in mind a standing order was under his control not the credit company might be pushing it. For all we/you know they may have written to him from time to time telling him to stop paying.

noh

Does the company that sold the water softener still exist?

slowpoke_rodriguez

The interest calculation is purely academic.
TBH I have little expectation of reclaiming anything...

slowpoke_rodriguez

noh wrote: »

Does the company that sold the water softener still exist?

Yup, they're still trading.

dunstonh

The executor of the estate can contact the company and make them aware of the overpayment. Then you wait for a refund. There are steps after that but you must give the company a chance to investigate first.

Marktheshark

Executor invoices the company directly for the over payment value.