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Hello.
A double-edged one here. Christmas Eve 2003, i was sold a Debenhams storecard (GE Cap.) to pay for a £40 pair of shoes. At the time, i hadn't realised it was a credit card, but thought it was a loyalty card. (Yes, i was young, stupid, and had had a couple of jars, being Christmas.) Long story cut short, i paid by D/debit around £18 a month between 2004 and 2008, without noticing (I've taken enough flack and paid enough money for this oversight so please spare me any hard words here). At that point, i moved abroad, cancelled the D/D feeling that i had paid quite enough for a 40 quid pair of shoes, and forgot about it.
Since coming back, one DCA after another has written to me, been ignored, and sold the debt on to the next with no reply from me. Now it's with Aktiv Kap who have been diligent enough to report it to the credit agencies. They say i still owe £450 odd.
I recently sent a "prove it" letter to them, and they've now sent the agreement and statement. Incredible to see that the retail interest charged every month was around £9 and a "product for payment protection plans" of just under £7 per month for the entire period. For 4 years, i paid around £18 monthly by D/D .
I'd like a line drawn under this. It's six months until it's statute barred, but the charges applied and which make up this outstanding debt look exorbitant to me. The PP alone plus interest probably exceeds the debt.
Not sure how best to proceed. Any ideas?
Many thanks for your time and insights.
Rob
A double-edged one here. Christmas Eve 2003, i was sold a Debenhams storecard (GE Cap.) to pay for a £40 pair of shoes. At the time, i hadn't realised it was a credit card, but thought it was a loyalty card. (Yes, i was young, stupid, and had had a couple of jars, being Christmas.) Long story cut short, i paid by D/debit around £18 a month between 2004 and 2008, without noticing (I've taken enough flack and paid enough money for this oversight so please spare me any hard words here). At that point, i moved abroad, cancelled the D/D feeling that i had paid quite enough for a 40 quid pair of shoes, and forgot about it.
Since coming back, one DCA after another has written to me, been ignored, and sold the debt on to the next with no reply from me. Now it's with Aktiv Kap who have been diligent enough to report it to the credit agencies. They say i still owe £450 odd.
I recently sent a "prove it" letter to them, and they've now sent the agreement and statement. Incredible to see that the retail interest charged every month was around £9 and a "product for payment protection plans" of just under £7 per month for the entire period. For 4 years, i paid around £18 monthly by D/D .
I'd like a line drawn under this. It's six months until it's statute barred, but the charges applied and which make up this outstanding debt look exorbitant to me. The PP alone plus interest probably exceeds the debt.
Not sure how best to proceed. Any ideas?
Many thanks for your time and insights.
Rob
when they LOST: 
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