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missold credit card

firstvisions
Posts: 1 Newbie
in Credit cards
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?
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?
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Comments
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firstvisions wrote: »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.0 -
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.0 -
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 fault0 -
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 be0 -
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 at0 -
Was he in debt before he got the credit card? Your post implies not.firstvisions wrote: »My son got a £1000 credit card when on debt management programme0
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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)0 -
First time poster - my opinion this is a wind up.0
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Sign of the times that its always someone else's fault.0
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firstvisions wrote: »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.0
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