Barclaycard Payment Plan Request - even though minimum payments have been made?

D3xt3r5L4b

Deleted_User said:

Shakin_Steve said:

MinuteNoodles said:

Shakin_Steve said:

They can't force anyone to pay any more than the contractual minimum payment, so don't be intimidated by that part of the statement.

They can close the account and demand immediate payment of the outstanding balance. It's in the terms and conditions of pretty much every credit card. 

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

Barclaycard

If you or we close your account, we will not move your interest rates in line with the Base Rate. You won’t be able to make any further transactions on your account after you tell us to close your account, and you must repay us your outstanding balances within a reasonable period

See also page 24 allowing them to close the card.

You do realise the card is given as a choice of the lender who can withdraw it if they like, right? They can close the card and demand full repayment without issue.

That still doesn’t state “immediate repayment”...

Thrugelmir

DustyMartin said:

Hi
My mum has been contacted by BarclayCard and they have asked her to set up a payment plan. My mum has a debt of around £13K and has always paid the minimum amount off each month and sometimes even more. She has never missed a payment.

Missed a payment yet.  At a point in time she'll be reliant on retirement income only. Time to look forward. 

Shakin_Steve

Deleted_User said:

Shakin_Steve said:

MinuteNoodles said:

Shakin_Steve said:

They can't force anyone to pay any more than the contractual minimum payment, so don't be intimidated by that part of the statement.

They can close the account and demand immediate payment of the outstanding balance. It's in the terms and conditions of pretty much every credit card. 

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

Barclaycard

If you or we close your account, we will not move your interest rates in line with the Base Rate. You won’t be able to make any further transactions on your account after you tell us to close your account, and you must repay us your outstanding balances within a reasonable period

See also page 24 allowing them to close the card.

You do realise the card is given as a choice of the lender who can withdraw it if they like, right? They can close the card and demand full repayment without issue.

I believe that's if you close the account yourself. They cannot withdraw from a written contract without the agreement of both parties as long as payment is being made.
I think you're getting confused with overdrafts, you do realise that?

Yahoo_Mail

Deleted_User said:

Shakin_Steve said:

MinuteNoodles said:

Shakin_Steve said:

They can't force anyone to pay any more than the contractual minimum payment, so don't be intimidated by that part of the statement.

They can close the account and demand immediate payment of the outstanding balance. It's in the terms and conditions of pretty much every credit card. 

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

Barclaycard

If you or we close your account, we will not move your interest rates in line with the Base Rate. You won’t be able to make any further transactions on your account after you tell us to close your account, and you must repay us your outstanding balances within a reasonable period

See also page 24 allowing them to close the card.

You do realise the card is given as a choice of the lender who can withdraw it if they like, right? They can close the card and demand full repayment without issue.

Page 24 says
"If you or we close your account, the following will apply: • You’ll need to make all payments that are due on your account. We’ll fix the interest rates so they don’t change as a result of the Base Rate changes. • No further payments will be made from your account so you’ll need to cancel any regular payments and make other arrangements to pay. • You will not be able to reopen your account and so you should destroy all cards"

"Making all payments that are due on your account" means you need to keep paying it, as you have been (at least the minimum payment every month).  Not an immediate repayment of the full balance

[Deleted User]

D3xt3r5L4b said:

Deleted_User said:

Shakin_Steve said:

MinuteNoodles said:

Shakin_Steve said:

They can't force anyone to pay any more than the contractual minimum payment, so don't be intimidated by that part of the statement.

They can close the account and demand immediate payment of the outstanding balance. It's in the terms and conditions of pretty much every credit card. 

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

Barclaycard

If you or we close your account, we will not move your interest rates in line with the Base Rate. You won’t be able to make any further transactions on your account after you tell us to close your account, and you must repay us your outstanding balances within a reasonable period

See also page 24 allowing them to close the card.

You do realise the card is given as a choice of the lender who can withdraw it if they like, right? They can close the card and demand full repayment without issue.

That still doesn’t state “immediate repayment”...

It's one firm, they don't define "reasonable period" any more than what you define as "immediate". We get stuff at work which asks for immediate payment but immediate means within the 30 days credit period, immediate could be payment by next billing cycle. OP post doesn't say they demanded immediate payment either.

Also if you read page 24 of that document as I stated:

You’ll need to make all payments that are due on your account.

I would not consider it unreasonable that making payments that are due could be interpreted to mean clearing it by next billing date though the bank may choose not to.

[Deleted User]

Shakin_Steve said:

Deleted_User said:

Shakin_Steve said:

MinuteNoodles said:

Shakin_Steve said:

They can't force anyone to pay any more than the contractual minimum payment, so don't be intimidated by that part of the statement.

They can close the account and demand immediate payment of the outstanding balance. It's in the terms and conditions of pretty much every credit card. 

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

Barclaycard

If you or we close your account, we will not move your interest rates in line with the Base Rate. You won’t be able to make any further transactions on your account after you tell us to close your account, and you must repay us your outstanding balances within a reasonable period

See also page 24 allowing them to close the card.

You do realise the card is given as a choice of the lender who can withdraw it if they like, right? They can close the card and demand full repayment without issue.

I believe that's if you close the account yourself. They cannot withdraw from a written contract without the agreement of both parties as long as payment is being made.
I think you're getting confused with overdrafts, you do realise that?

Which part of:

If you or we close your account

Is unclear?

[Deleted User]

Yahoo_Mail said:

Deleted_User said:

Shakin_Steve said:

MinuteNoodles said:

Shakin_Steve said:

They can't force anyone to pay any more than the contractual minimum payment, so don't be intimidated by that part of the statement.

They can close the account and demand immediate payment of the outstanding balance. It's in the terms and conditions of pretty much every credit card. 

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

Barclaycard

If you or we close your account, we will not move your interest rates in line with the Base Rate. You won’t be able to make any further transactions on your account after you tell us to close your account, and you must repay us your outstanding balances within a reasonable period

See also page 24 allowing them to close the card.

You do realise the card is given as a choice of the lender who can withdraw it if they like, right? They can close the card and demand full repayment without issue.

Page 24 says
"If you or we close your account, the following will apply: • You’ll need to make all payments that are due on your account. We’ll fix the interest rates so they don’t change as a result of the Base Rate changes. • No further payments will be made from your account so you’ll need to cancel any regular payments and make other arrangements to pay. • You will not be able to reopen your account and so you should destroy all cards"

"Making all payments that are due on your account" means you need to keep paying it, as you have been (at least the minimum payment every month).  Not an immediate repayment of the full balance

Again, OP post doesn't mention being required to make immediate repayment. However, it is not unreasonable to interpret

You’ll need to make all payments that are due on your account.

To mean payment of the debt by the due date i.e. by next statement

BarclayCard have said that if she does not contact them they will suspend the card and she may have to pay the whole amount off

Shakin_Steve

Deleted_User said:

Yahoo_Mail said:

Deleted_User said:

Shakin_Steve said:

MinuteNoodles said:

Shakin_Steve said:

They can't force anyone to pay any more than the contractual minimum payment, so don't be intimidated by that part of the statement.

They can close the account and demand immediate payment of the outstanding balance. It's in the terms and conditions of pretty much every credit card. 

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

Barclaycard

If you or we close your account, we will not move your interest rates in line with the Base Rate. You won’t be able to make any further transactions on your account after you tell us to close your account, and you must repay us your outstanding balances within a reasonable period

See also page 24 allowing them to close the card.

You do realise the card is given as a choice of the lender who can withdraw it if they like, right? They can close the card and demand full repayment without issue.

Page 24 says
"If you or we close your account, the following will apply: • You’ll need to make all payments that are due on your account. We’ll fix the interest rates so they don’t change as a result of the Base Rate changes. • No further payments will be made from your account so you’ll need to cancel any regular payments and make other arrangements to pay. • You will not be able to reopen your account and so you should destroy all cards"

"Making all payments that are due on your account" means you need to keep paying it, as you have been (at least the minimum payment every month).  Not an immediate repayment of the full balance

Again, OP post doesn't mention being required to make immediate repayment. However, it is not unreasonable to interpret

You’ll need to make all payments that are due on your account.

To mean payment of the debt by the due date i.e. by next statement

BarclayCard have said that if she does not contact them they will suspend the card and she may have to pay the whole amount off

You are in a minority of one. The rules are not open to your 'interpretation', they are very clear to anyone that bothers to read them.

MinuteNoodles

Shakin_Steve said:

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

The contract won't be being varied, it'll be in the terms and conditions you sign up to.

From my Barclaycard T&C (bold is my highlighting the reasons they are likely to use):

https://www.barclaycard.co.uk/content/dam/barclaycard/documents/personal/existing-customers/terms-and-conditions-barclaycard-core-2019.pdf

We may close your account and require immediate repayment of your total outstanding balance for the reasons below:

• If we reasonably believe that you’ve broken this agreement regularly or seriously

• If you have acted fraudulently

• If the Home Office tells us that you have become a ‘disqualified person’ due to your immigration status

• If you become bankrupt (or enter into a voluntary arrangement with your creditors) or if we believe this is likely to happen

• If you die (in this case, we may ask your estate to make the repayment)

Does that satisfy everyone who said that they don't? I suggest that those who said that they don't go read the terms and conditions of their own cards as I think they'll find that their cards have a similar clause.

Shakin_Steve

MinuteNoodles said:

Shakin_Steve said:

Would you care to post those T&C's? I don't believe they can vary a contract as long as the contractual minimum payment is being made.

The contract won't be being varied, it'll be in the terms and conditions you sign up to.

From my Barclaycard T&C (bold is my highlighting the reasons they are likely to use):

https://www.barclaycard.co.uk/content/dam/barclaycard/documents/personal/existing-customers/terms-and-conditions-barclaycard-core-2019.pdf

We may close your account and require immediate repayment of your total outstanding balance for the reasons below:

• If we reasonably believe that you’ve broken this agreement regularly or seriously

• If you have acted fraudulently

• If the Home Office tells us that you have become a ‘disqualified person’ due to your immigration status

• If you become bankrupt (or enter into a voluntary arrangement with your creditors) or if we believe this is likely to happen

• If you die (in this case, we may ask your estate to make the repayment)

Does that satisfy everyone who said that they don't? I suggest that those who said that they don't go read the terms and conditions of their own cards as I think they'll find that their cards have a similar clause.

If you don't break the terms of the contract, or die, the contract cannot be varied. That's exactly what I said, and exactly what you've just confirmed. Thank you.