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Reclaiming over payment interest

Andydoodles
Posts: 2 Newbie
in Credit cards
Hi Guys!
MBNA has owed me money from an over payment for some time, they've jut made contact to pay it back, should they also owe interest?
MBNA has owed me money from an over payment for some time, they've jut made contact to pay it back, should they also owe interest?
0
Comments
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No................0
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You could try and charge them a late payment fee.0
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Don't be daft........ lolmake the most of it, we are only here for the weekend.
and we will never, ever return.0 -
What is your APR? Charge them the same rate and report to CRAs if the don't pay...:think:0
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Just a thought, I don't think I'm being daft though. In my mind (admittedly not a financial one) they've been gathering interest on that amount. They've had my bank details or could've sent a cheque so It's not like they have a reason to keep it.0
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When did you first ask for it back?0
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The terms and conditions of credit cards often prohibit running a credit balance on the card so you may have broken them.
Presuming that you are on top of your finances and realised that you had a credit balance, why didn't you contact them for repayment? Why should it be up to them to get in touch with you?0 -
Mate of mine got into trouble with MBNA and set up a repayment plan, paying by direct debit. The balance went positive and he went on paying for another three years. Eventually he rang them up and they sent him a cheque. He asked if they could restore the card... "I paid back everything I owed you, and lent you money for 3 years which is longer than how long you lent me money for". They sent him a cheque and of course denied him the card. They added £20 for goodwill.
So if you're keen, ask for a "goodwill" gesture.0
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