THEGOBBYONE V Cap 1

[theGobbyOne]

Can anyone tell me should I use the 'effective rate of interest' or the base rate quoted please....................got confused .............. one is 30.26% the other is 22.01%.the latter sounds like the right one to use................
Not sure what the difference is but they are both quoted on my terms and conditions........cheers guys

[enaid]

Gobby I have never done CI so cant help you with this sorry. I thought you got the average from the highest and lowest rates thats all i can say sorry chuck.

[theGobbyOne]

Oh and do I just send same pre lim letter as I sent to halifax???????????????
Am bloody confuddled ffs

[theGobbyOne]

Thanks Enaid hun at least you looked at replied babe..............mucho gracias
Just gotta wait for the site genius's to reply now lol

[enaid]

I think you have to inform them from the beginning if you are claiming CI. We are ok with credit cards anyway, carry on regardless lol.

[Kafka]

Gobby

I don't have the Cap 1 papers with me here, but as i recall there was one rate on the statements of about 18%

The 22% one sounds better to me. How old is the statement with the 2 on?
Bill says to go for the current one if going for CI. Can't you just post and ask what the current rate is? They closed my account 3 years ago.

[iancognito]

Seeing as they charges everyone a different rate depending on how much they feel they can get away with (I've got 3 different rates on 3 different cards) I applied the latest rate they charged me.

I used the same prelim and lba as the banks but amended it slightly, where it refers to interest, do not put your CI figure in there, add a sentence saying "plus contractual interest at ??% as charged"

Include the CI in your spreadsheets to send with the letters, when you complete your N1 you can give 8% as an alternative to the CI rate.

[theGobbyOne]

Thanks Kafka and Jan..................Let the battle commence :banana: :banana:

[theGobbyOne]

I sent the pre li toay but tweaked it a bit..here is the letter.............

[theGobbyOne]

Re: THEGOBBYONE V Cap 1

Hi peeps'
Well crap 1 have credited my account with £158 today.......my claim is for over a grand...........how do I turn it down even though its already on my account???????
They say its goodwill and spout OFT crap in letter..........should I now just send LBA even though 14 days are not up yet from date of pre lim????????????

[iancognito]

Re: THEGOBBYONE V Cap 1

Send the LBA after your 14 days as normal, they'll just write abck and say theu're sorry you're not happy with their measly refund.

When you do the N1, you can put a minus figure in the spreadsheet at the date they refunded it, that way you don't lose a load of interest

[theGobbyOne]

Re: THEGOBBYONE V Cap 1

Right guys I left this one as it was and didnt pursue it any more as I had bigger fish to fry at the time........My question is this...............Is it too late ??????????????

[Budgie]

Re: THEGOBBYONE V Cap 1

No of course it isn't.

It's a good time to go and get them.

I suggest that you issue another, updated LBA.

Include all the latest charges, applied since you last communicated with them.

Do you intend to try for compound interest or just for statutory court interest on this claim? I suggest that you ignore all the posts about interest on your thread, they were all written over a year ago, some are not actually correct statements and others were correct statements at the time but have been superceded by more recent developments.

We can sort out the £158 which they forced upon you as part of your LBA, unless of course you actually did sort that at the time.

Let me know if you need any assistance on this claim Gobby, I would be pleased to help.

Rgds Budgie
Budgie