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missold credit card

My son got a £1000 credit card when on debt management programme from capital one.
He straight away maxed it out.
My point is...as he was in free fall debt he should not have been accepted. He now owes 1200 with intrest added.
I feel capital one are responsible for this further debt. Who should I speak to about it?

Comments

  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    My son got a £1000 credit card when on debt management programme from capital one.
    He straight away maxed it out.
    My point is...as he was in free fall debt he should not have been accepted. He now owes 1200 with intrest added.
    I feel capital one are responsible for this further debt. Who should I speak to about it?

    Your son is a fool.

    Talk to him.
  • emmatthews
    emmatthews Posts: 678 Forumite
    Your son.

    He was on a DMP and then continued to seek credit and keep on spending.

    Your son made this choice & only he is accountable. Trying to blame, or partially blame someone else for this will not help him.
  • kai666
    kai666 Posts: 1,431 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 9 May 2015 am31 7:35AM
    Was he in debt before he got the credit card? Your post implies not.

    Not sure how he was misold the card, he's an adult, nobody forced him to take card and max it out.

    Can you even be miss sold something you didnt buy?

    A bit of personal responsibility needed. Not everything in life is someone else's fault
  • pvt
    pvt Posts: 1,433 Forumite
    edited 9 May 2015 am31 7:54AM
    I think it is most unlikely C1 would give a CC to a person knowing they are in a DMP.

    I think it highly likely he lied when he made the application. That would be fraud.
    Optimists see a glass half full :)
    Pessimists see a glass half empty :(
    Engineers just see a glass twice the size it needed to be :D
  • David301
    David301 Posts: 234 Forumite
    I don't think your son has told you the full story, however, just because a line of credit is made available someone with specific terms and conditions pre-agreed it doesn't mean that it needs to be spent.

    You are p*ssed off understandably because this amount of money will have to come out of your pocket because as a loving parent you will feel responsible to sort out your sons mess.

    The son is obviously terrible with money as you stated he is on a DMP and in free fall with debt. Maybe you have helped bail him out one too many times and its a case of he will do what he likes and mum and dad will always sort it out. Maybe it is time now to tie the purse strings and say enough is enough. He knew what he was doing when he applied for the card and further more spent on the card!

    He needs to get a second job, and/or do overtime and return/sell the items he purchased to bring the balance down in view to sorting out the mess.

    This is no-ones fault but his own and there is no-one else to point the finger at
  • molerat
    molerat Posts: 33,543 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kai666 wrote: »
    Was he in debt before he got the credit card? Your post implies not.
    My son got a £1000 credit card when on debt management programme
    You do not go on a DMP with no debt ;)
  • Caz3121
    Caz3121 Posts: 15,734 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Given the credit limit he was given, this looks like the Classic Credit card which they will give to those with bad credit (even those with CCJs) So I cannot see that cap one have done anything wrong even if he was completely truthful on his application

    However, the norm when on a DMP is that you do not take on any further debt so your son has misborrowed

    He obviously has not had his lightbulb moment and does not see an issue with running up debt...might be worth finding some random threads on the debt free board where people started with a low amount of debt at a young age and find 20 years later they are still drowning in debt...there are plenty of them to pick from but the difference is that the people posting have realised that they want to do something about it an help themselves rather than getting deeper into debt

    At 34.9% APR he should be looking to throw as much as he can into this debt...if he pays minimum payments it would take a very long time to clear it (and a large amount of interest)
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    First time poster - my opinion this is a wind up.
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Sign of the times that its always someone else's fault.
  • dresdendave
    dresdendave Posts: 890 Forumite
    Part of the Furniture 500 Posts Photogenic
    I feel capital one are responsible for this further debt. Who should I speak to about it?


    I would report this to the police, the Capital One employee who held a gun to your son's head to force him to spend on the card must have committed various firearms offences.
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