Credit Card Reclaiming Success Stories

dAVE_f_2

Provider: Barclaycard:j
Amount Reclaimed: £581 inc intrest
Amount they paid: £581

First letter sent on 4th September and recieved a offer to pay in full on the 19th september thanks to money saving expert.

Co-op are playing the game at the moment so second letter has now been sent will let you know how i get on

jd87

Provider: Capital One
Amount Reclaimed: £91.28 (£84 + £7.28 interest) - All £12 charges.
Amount they paid: £98

First letter sent early July, response received from "Ellie Renshaw" fobbing me off saying no payment is due. I sent second letter threatening court and offering to accept a lower payment (just the £84, no interest). They replied again still fobbing me off saying no payment. I went to the FOS who were excellent. They inititally received a response from Cap1 saying they wouldn't pay, but they contacted them again asking for an explanation and Cap1 finally relented. FOS inform me full payment should be due in the post sometime in the next couple of weeks.

Even relatively small claims are worth chasing!

stellaboy

Monument asked for £480 +£128 interest offerd £240 so i wrote back asking for £480 had a final response letter today offering £480+£128 total £608.36 thanks to all on here:j:j:j:j:j:j:j

nostik

Bank fees scam?

Just wanted to advise/warn you guys about a phone call I had the other day 01253757067 calling themselves Banking Solutions congratulating me on winning back my bank charges asking where I would like the money paid into. I replied that I hadn’t heard that the banks had given in and thought it was still subject to appeal. He pressed on saying that I had won back the charges and fees and asked where I wanted the money paid in to. I acted dumb (not hard to do!) and asked him to just pay it back into my bank account where the fees were taken. He carried on asking what bank, account no etc but obviously got bored and hung up - like we had been cut off. After a while as he didn’t call back, I phoned the number on my mobile call log (as above) and left a message for him to call as he was on another call. He never called back.

Looking at your web site I see the banks are still holding out so I presume this was just an opportunist trying to find out my details. I don’t know anything about this company but this guy was probably working for himself as the number was not hidden or withheld in any way. It’s a little disturbing that a) he knew I had claimed back my charges and b) that he had access to my mobile phone number. If this is a scam I think your readers should be warned


nostik

barloo69

nostik wrote: »

Bank fees scam?

Just wanted to advise/warn you guys about a phone call I had the other day 01253757067 calling themselves Banking Solutions congratulating me on winning back my bank charges asking where I would like the money paid into. I replied that I hadn’t heard that the banks had given in and thought it was still subject to appeal. He pressed on saying that I had won back the charges and fees and asked where I wanted the money paid in to. I acted dumb (not hard to do!) and asked him to just pay it back into my bank account where the fees were taken. He carried on asking what bank, account no etc but obviously got bored and hung up - like we had been cut off. After a while as he didn’t call back, I phoned the number on my mobile call log (as above) and left a message for him to call as he was on another call. He never called back.

Looking at your web site I see the banks are still holding out so I presume this was just an opportunist trying to find out my details. I don’t know anything about this company but this guy was probably working for himself as the number was not hidden or withheld in any way. It’s a little disturbing that a) he knew I had claimed back my charges and b) that he had access to my mobile phone number. If this is a scam I think your readers should be warned


nostik

Nostik, you may be interested to read this thread http://forums.moneysavingexpert.com/showthread.html?t=1848817
many other have been contacted as well.

I agree, would be very interesting to see how this company have obtained peoples personal contact details. I wonder what the common link is ? I suspect it may be as simple as an unscrupulous member of staff at your mobile phone company ?

But thanks for letting us know.

Matrixds

Matrixds wrote: »

Alliance & Leicester / MBNA Credit Card
Statements Requested 27/05/09 Received 19/06/09 No charge
£2063.20 inc interest Asked for on 23/06/09
£471.00 Received on 01/08/09 (Dated 21/07/09)
2nd Letter sent on 03/08/09 asking for remainder.
£1592.20 Received on 24/08/09
FULL REFUND

Trying to go back for difference between 8% interest i asked for and the 27.9% they have charged me!
Fingers Crossed!

£945.74 Asked for interest difference 8.0% and 27.9% on 09/09/09£945.74 Received on 22/09/09
FULL REFUND TOTAL £3008.94
DEBT FREE WITH MONEY BACK!! - on this account anyway!

RESULT!!! If you can don't just go for 8% interest go for what they charge you! Its worth a try and you can always revert back to 8% if you do have to go the court route later!!

longhauladdict

Matrixds,
Did you just calculate the 27.9% as the APR on the card? Trying to do this with MBNA now....

Thanks

barloo69

Yes Im also intrigued Matrixds. I would be very interested to see what kind of wording you used in your letters and how did you do the math ? This is fantastic, well done.

Matrixds

longhauladdict wrote: »

Matrixds,
Did you just calculate the 27.9% as the APR on the card? Trying to do this with MBNA now....

Thanks

I worked it very simply - Card companies use compound interest - i used simple interest so you don't quite get all they charge you. Use the court interest calculator martin kindly set up on here which is 8% then find out your current rate if you know it. If not all statements tell you monthly interest eg: 2.0751% for mine. Go to - http://www.stoozing.com/mon2yr.htm to convert to yearly rate.
Mine came out at 27.9% so that is 3.4875 times the 8% so use that multiplication rate on all your interest to work nearer to what they charge you.

The letter substitute 'interest at the statutory rate, the amount the court will award.' for 'interest at the rate you have applied to my account'

Thats all i did! Hope it helps!

If you have already claimed and received and are trying for the extra interest i can send you a copy of my template letter if you request by private message.

Matrixds

barloo69 wrote: »

Yes Im also intrigued Matrixds. I would be very interested to see what kind of wording you used in your letters and how did you do the math ? This is fantastic, well done.

I worked it very simply - Card companies use compound interest - i used simple interest so you don't quite get all they charge you. Use the court interest calculator martin kindly set up on here which is 8% then find out your current rate if you know it. If not all statements tell you monthly interest eg: 2.0751% for mine. Go to - http://www.stoozing.com/mon2yr.htm to convert to yearly rate.
Mine came out at 27.9% so that is 3.4875 times the 8% so use that multiplication rate on all your interest to work nearer to what they charge you.

The letter substitute 'interest at the statutory rate, the amount the court will award.' for 'interest at the rate you have applied to my account'

Thats all i did! Hope it helps!

If you have already claimed and received and are trying for the extra interest i can send you a copy of my template letter if you request by private message.