Vanquis Credit Card - CCJ - Can I get it removed

Rw0004

Hi,

First time post as can’t seem to find it asked anywhere before.

I am a former Vanquis customer, had a credit card between 2010-2014. Due to some rather extreme personal circumstances, the card went in to default during that time and they started charging the earth. My limit was only ever £250. Anyway, long story short - I defaulted, the debt got passed to Lowell and after lots of fighting about the eventual balance I was given a CCJ. I was at my limit of £250 when it defaulted and eventually with charges it topped out at £1900, which is the eventual amount of the CCJ. I’ve been paying it for 20 months but have seen that at the end of February Vanquis started refunding any and all charges relating to their ROP insurance (won’t let me post the link here as I’m a new member but it’s the top hit on google if you search Vanquis ROP)

On the basis that these charges were unfair and the majority was interest, do I have grounds for the CCJ to be removed? And if so, how would I go about doing so.

Advice greatly appreciated:-)

[Deleted User]

You defaulted, you either didn't go or lost in court and therefore the CCJ is valid. If Lowell took you to court, it's their debt and nothing to do with Vanquis now.

If you are getting money from Vanquis, you can put it towards the outstanding money owed so the CCJ is satisfied.

stehouk

Jeez £1650 in charges/court fees for a £250 spend, that's crazy, but people bury their heads in the sand and hope it will go away,,,,but it doesn't and then they sell it on to the pond life debt collectors to make their millions from the people who can least afford it.

Wizardy18

As much as I know about massive charges and interest, something is ringing to me that the debt was never £1900.
It's impossible.

£500 - 1000 possibly, £1900. No chance.

Andy post

[Deleted User]

Interest. Charges. Court fees. It's possible

SnowTiger

Rw0004 wrote: »

Hi,

First time post as can’t seem to find it asked anywhere before.

I am a former Vanquis customer, had a credit card between 2010-2014. Due to some rather extreme personal circumstances, the card went in to default during that time and they started charging the earth. My limit was only ever £250. Anyway, long story short - I defaulted, the debt got passed to Lowell and after lots of fighting about the eventual balance I was given a CCJ. I was at my limit of £250 when it defaulted and eventually with charges it topped out at £1900, which is the eventual amount of the CCJ. I’ve been paying it for 20 months but have seen that at the end of February Vanquis started refunding any and all charges relating to their ROP insurance (won’t let me post the link here as I’m a new member but it’s the top hit on google if you search Vanquis ROP)

On the basis that these charges were unfair and the majority was interest, do I have grounds for the CCJ to be removed? And if so, how would I go about doing so.

Advice greatly appreciated:-)

I think you're clutching at straws.

From MSE article about Vanquis' ROP:

The FCA only had the remit to investigate the firm back to 2014, but Vanquis has now voluntarily agreed to repay customers back to 2003.

[...]

How much are customers owed?
Vanquis has agreed to refund all the interest paid on ROPs it sold during this period.

So if you're affected you should get whatever you paid in interest between 2003 and 31 March 2014 back. Customers' APRs varied from 19.9% to 79.9%, meaning they could have unknowingly paid more than £100 in interest on the cost of the ROP.

Three things to consider:

[LIST=3]
[*]Did you have ROP? It was an optional add-on;
[*]Vanquis is only refunding interest paid on ROP, not ROP payments. That's probably a lot less than you think, consider your limit was only £250;
[*]Vanquis' agreement to refund interest on ROP before 1 April 2014 is voluntary.
[/LIST]