Nco/amex

gree0115

I am in the last 4 months of a DMP with StepChange started just under 6 years ago having repaid £70,000 and cleared 8 of my 11 debts.

I have three remaining debts, these are the ones which reduced interest but didn't cancel it.

Two of these are for a Barclaycard Mastercard and Visa Card. Barclaycard have sent me monthly statements all the way through.

The final one is an ex-Amex Platinum card which is administered by NCO. I haven't had any form of statement from them for several years now. The current remaining debt on my Stepchange statement is around £1200 but I think they have been charging interest, and I have a feeling that when it looks like I have actually settled it there will be interest too, but I have no idea what this is as they have never sent me statements.

Can they hold me to these interest payments as I was under the impression that monthly or annual statements must be sent and I have had no communication from NCO for several years now? I thought under a credit agreement the customer must be kept informed of what was due?

Any ideas please?

Thanks,

David

rizla_king

If its a charge card then may be an 'exempt agreement'.

gree0115

rizla_king wrote: »

If its a charge card then may be an 'exempt agreement'.

Actually when I think about it, it was an AMEX gold credit card. I'd already
cancelled the Platinum charge card prior to the DMP starting. Does that make any difference?

rizla_king

gold was a charge card as well I think. When taken out?

gree0115

My Amex Gold card was definitely a credit card. The Platinum card had to be settled in full every month and as such didn't have a defined credit limit, the gold card was a separate credit card with normal credit terms, i.e. minimum payment etc.

rizla_king

All the Gold cards I can find so far on achive.org mirror of the Amex site are charge cards.