Credit Card Reclaiming Success Stories

braveheart9857

Hi Everyone,

New to the forum and would really appreciate any advice/help.

After filling there online form in a few weeks ago I received a letter from Barclaycard today stating that they mis-sold PPI on your credit card from Nov 2001 until August 2013. They have offered:
£153.25 Refund of PPi Payments
£12.14 PPI Interest
£2.39 *% Interest
£0.47 Tax
£167.34 Total

I am not sure if this is a fair amount because of the time etc and have read about Comparative Redress.

Should I accept ? Any advice would be great

PhilC2683

Hi All,


My name is Phil Cookson. on 9th January 2015, I paid a National Driver Training company, £1,898.00 with my Capital One Credit Card, for a course for my Son. Sadly about two weeks later my family lost my Mother and it's thrown us all into turmoil. As a result, my Son didn't start his course. I contacted the company and asked to have my money refunded to my Credit Card. They responded with telling me as I had paid the money and had cancelled the course outside of the 14 day cancellation period quoted in their terms & conditions, I was not entitled to a refund.


I have emailed & telephoned the company but they are refusing to refund my £1,898.00. Can I claim the money back through my Credit Card.


Any help, advice or suggestions would be good because I can't write off nearly £2,000.


Many Thanks,


Phil Cookson.

Omogbada

Are there any PPI or insurance included in the Interest or charges in our monthly payments to the credit card companies? I am concerned as i have had huge balances for up to 15years. The payments made over 10yrs is enough to have paid back the debts..but theinterest is so high 29% on average

tomtontom

Omogbada wrote: »

Are there any PPI or insurance included in the Interest or charges in our monthly payments to the credit card companies? I am concerned as i have had huge balances for up to 15years. The payments made over 10yrs is enough to have paid back the debts..but theinterest is so high 29% on average

PPI will be itemised separately if you have it.

Omogbada

Hello,
So happy to hear about your success...I would like your encouragement as I am not sure if I can make a claim on my huge credit card balances. Not sure if PPI is included in any of my payments. Your view will be appreciated...as you had a huge reclaim

Nasqueron

Omogbada wrote: »

Are there any PPI or insurance included in the Interest or charges in our monthly payments to the credit card companies? I am concerned as i have had huge balances for up to 15years. The payments made over 10yrs is enough to have paid back the debts..but theinterest is so high 29% on average

PPI is a separate monthly charge on every statement following a month where you did not pay off the balance in full it is not and can never be hidden in the interest as the balance would not equal the total debits. Look on your statement - if it includes PPI you are allowed to complain about it (though having it is not a complaint reason on its own)

Unfortunately credit cards are an expensive way to borrow money - you will pay a lot of interest and more than you actually borrowed - that is how they work, you should always pay it off in full every month or not spend if you can't afford to pay it back (in an ideal world of course).

ABF

Bank: Barclaycard
Amount Reclaimed: 3,500 (approx.)
Amount they paid: 5,200 + change inc. interest & goodwill payment
The story: account was written off by a debt collector (Lowell) in Jan 2013 & had been in serious dispute since Oct 2009. Closing balance £4,400 (approx.), & PPI claim submitted in Oct 2014 ... PPI paid out in Jan 2015.

ABF

Bank: MBNA
Amount Reclaimed: 1,860 (approx.)
Amount they paid: 2,575 + change inc. interest
The story: account was sent to a a debt collector (Arrow Global) in Mar 2010 & had been in serious dispute since Oct 2009, however neither the DCA nor MBNA had any enforceable contract paperwork. Closing balance £5,400 (approx.), & PPI claim submitted in July 2015 ... PPI paid out in Sep 2015.

ABF

Bank: Egg
Amount Reclaimed: 4,000 (approx.)
Amount they paid: 9,000 + change inc. interest & goodwill payment
The story: account was paid off in Mar 2007 & had been all operated in an orderly fashion. Closing balance £6,700 (approx.), & PPI claim submitted in Mar 2016 ... PPI paid out in Apr 2016.

ABF

Bank: Marbles
Amount Reclaimed: 4,000 (approx.)
Amount they paid: 11,000 + change inc. interest & goodwill payment
The story: account was put in serious dispute since Oct 2009, & subsequently sent to several debt collectors from Mar 2010 to Jan 2014, however neither any of the DCAs nor Marbles had any enforceable contract paperwork. Closing balance £12,200 (approx.). PP claim submitted in March 2015 ... PPI refund confirmed & cheque is pending (mid-May 2016).