Trouble is I haven't paid it to reclaim it... can I 'claim' to reduce debt amount?

Vol_2

I'd like to reduce the amount I owe to my creditors by 'reclaiming' the charges levied so far - can I do this as technically they have not been paid to reclaim?

If so, should I use the same wording in the letters or should I change the work 'paid' to 'levied', or fashion a completely different letter altogether?

Anyone know?

Smasher

Who have not been paid? To reclaim what? What charges are you wanting to reclaim?

Vol_2

Hi Smasher - basically the debt I owe to both banks and credit cards has doubled over the last 5 years due to the charges that have been added to the original amount borrowed.

Now that I am in a position to start paying my debt back, I want to pay what I owe minus the charges - by identifying how much of the current debt consists of charges and paying back the difference instead of identifying the difference and asking for a refund from the bank/cards. I hope this makes sense?! Thanks for your interest

Smasher

Yes it makes sense. First then, you need to find out exactly how much they have applied in charges.

Vol_2

Do you think I should do this using the template letters as they are - to obtain charge info or past statements from my creditors - or do you think I should change the words so that the letter acknowledges the fact that the charges have not been paid and are still outstanding?

Thanks for your help

Smasher

Just use the standard subject access request.