Credit Card Cheques

[natweststaffmember]

Re: Credit Card Cheques

I think they subdivide the credit limit for the new account they set up. But my credit limit for my existing account remained the same, so in reality my overall credit limit goes up each time. Even after complaining about new accounts being set up, they just carry on doing it.

Does each account have a separate card number?

[enaid]

Re: Credit Card Cheques

I can't get my head around that, the fact they start all new accounts unless it's because they are classed as cash and the int goes on from day one, but even so that would mean they are bumping up your credit limit every time you used one and thats not right imo.


found this
http://www.bbc.co.uk/blogs/theonesho...d-cheques.html

[echat11]

Re: Credit Card Cheques

yep,
------------------------------- merged -------------------------------
Setting up accounts for each Credit Card Cheque could be linked to staff commission. E.G.
£10 for every account they set up, nothing would surprise me, all to do with targets.

[enaid]

Re: Credit Card Cheques

So! lol sorrow to pester, do you get 6 different statements each month with what you owe and what your minimum payment should be for each cheque used?

[echat11]

Re: Credit Card Cheques

enaid,

Just to clear up I used six as an example, I'm pretty sure that they set up two accounts for two cheques used. After the first account I said this wasn't on. They did it again.
They ignore what consumers say to them. With them setting up these accounts, it distorts
an individuals credit history.

I'm waiting for them to send a result of thier investigations, I asked for statements they sent me, infact they didn't send me any statements. They told me the statements would cost £187 for 73 statements which actually never existed, they did that so I wouldn't request them. What they should of said is that a SAR would cost £10. They were trying to bridge the gap between 1999 and 2004. Statements never existed, it's an lie on their
part.

'what your minimum payment should be for each cheque used?' yes.

[natweststaffmember]

Re: Credit Card Cheques

Can I clarify the nature of the complaint to the FOS?

Is it that they didn't close the accounts properly or that they set up 6 different accounts rather than debit them to the one account?

I am still confused by this because you used cheques when you believed the account was shut and that part of the issue does not make sense.

[echat11]

Re: Credit Card Cheques

I complained to the FOS in 2005, It's setting up different accounts for each cheque. I've got quite a few cards, I had at least two MBNA accounts. The closed account isn't a issue, but the fact they sent me CCA's trying to make me believe they were valid, the fact that they said they had statements but clearly didn't, as soon as the cheque went on to the account, they also added PPI without me requesting it.

[P.Pilcher]

Re: Credit Card Cheques

I honestly don't know why you bother. Credit card cheque are well known to be an absolute rip-off and high rates of interest are charged the instant a cheque is presented for payment. I have received tons of them over the years and in every instance they have been either ripped up or shredded as soon as the envelope containing them has been opened!

Thus they have never given me problems (except with waste disposal)

P.P.

[echat11]

Re: Credit Card Cheques

Just an update, the Credit Card Company, refunded . Charges with interest. I need to sit down and see exactly what they have refunded. Oh they still want me as a customer.

I really haven't explained it well.