Monument/Littlewoods-Raphaels Bank?

meyore

I subscribe to see my credit report every month because I've been trying to get rid of all the credit accounts I don't use... This month I notice Monument and Littlewoods seem to have turned into Raphaels Bank. I can't seem to get any sense from anywhere on who to contact with regards to these accounts-can anyone help?

immoral_angeluk

bump :j :j

Snaggles

Hiya - found this on The Guardian website:

Mystery solved over Monument card

I have a Monument credit card. I have just been told by Barclaycard, which runs the card, that it is being transferred next month to Raphaels Bank and CompuCredit. Who are they?
WS, London

CompuCredit is a US finance company which specialises in "trailer park credit" - lending to those with poor repayment records. In April it paid Barclays £490m for Monument's 200,000 mostly active cardholders. Monument, charging high interest rates to its mostly less creditworthy customers, was previously Providian.

Raphaels is a little-known private bank, founded in 1787 and based in Aylesbury, Bucks. It has a UK banking licence which CompuCredit can use. It has savings accounts and some niche plastic card activities.

PALADIN

I had a providian card that changed to Monument and now changing to Raphaels. the most i have ever been i arrears is less than a month and have more often than not paid a few pounds extra over my min payment. have not used my card for years and my limit cut some time ago by about 75% not that i was anywhere near it in fact the cut they put on had the reslut that i had no diffreance between what my balance was and my new limit and recently i was advised a little while ago my interest rate was being almost doubled. I am wondering if this is all to do with the sub prim problem in the states and Barclays having to write of a billion plus. I dont think we should have to pay for Barclays or any other bank or credit card companys greed. I think also well over due for the FTO or FOS to step in and stop this sort of thing happening to people yes there as been increased interest rates but nothing like that should cause increased interest rates on cards by as much as 15% plus. Could be something for Martin to look at.