Originally Posted by katex (Post 516848)

Thought you could now draw cash from most credit cards ?

And don't mean debit cards.

Originally Posted by derekgas (Post 516850)

They want you to default, that way they make more money, and this, hey are good at, I would have issues with them not telling you about card payments when you applied.

Originally Posted by ***Mr D*** (Post 516873)

Yes I could, but then I would have cash withdraw fees applied.



About £521 total APR 29.9% orginal debt £260.

I can sort this no problem, but there will be some people who couldnt.

But its more a principal matter for me, I dont see how/why they should get away with this, without advising the customer prior and at point of sale.

I have emailed both curries and HFC, I have also spoken to a solicitor, I awaite notification as to when it was advised to me or where on the agreement supplied at the point of sale it states this information.

Originally Posted by entwisi (Post 516916)

If they did not make clear that credit cards are not accepted then they have to take it. You are making a legal offer of payment in a format that they accept(you might need to double check their T&Cs in detail to ensure tha it doesn't explicitly state not). Write to them registered saying that you have made an offer to make full reparations for the outsanding amount and if they don't accept you will deem the agreement paid in full.

Originally Posted by lancsdave (Post 516921)

From what I have read on other forums they also charge you £25 if you pay too early :eek:

Originally Posted by derekgas (Post 516922)

I think the law is on your side here, as entwisi says, because they are not allowed to mis-sell you finance or insurance deals without the full t's and c's, some of the car credit people did it with payment protection insurances and got severely rattled off the trading standards.

Originally Posted by nikkival (Post 516992)

I'm not 100% sure about this, but I don't think you can use a credit card to pay off other credit, for example I can't use my Mastercard to pay my Visa bill & vice versa, it has to be a debit card. The easy way round it is to draw the cash off your credit card and pay them off with that.

Originally Posted by claytonender (Post 516998)

Some Credit Card will allow you to transfer a balance from another card (or even pay money into your bank account) at a special cheap rate of interest for a set length of time. Most however charge a balance transfer fee of about 3%. Also some credit cards supply you with cheques so yoy can pay off other debts etc by cheque.

Originally Posted by nikkival (Post 517236)

I had a word with my aunt today who's an ex-bank manager, I just hope I manage to word what she told me well enough! As you've entered into a credit agreement with Curry's/HFC, you cannot use another means of existing credit (ie credit card) to pay it off, although there are ways around it such as credit card or Flexiloan cheques as mentioned before in this thread. It would be exactly the same if you took out a new credit card which gave you an opening offer of 0% for 6 months, you can't pay up before you are charged interest with another credit card.

For example I couldn't pay a Mastercard bill with a Visa card and vice versa every month - as I would never be charged any interest. I cannot pay a loan payment every month with a credit card, as you cannot use a credit card for anything other than purchasing goods or services from a merchant, i.e. you can't use it to pay off interest from another debt (with the exception of drawing cash or using cheques which is charged at a different rate). The banks, finance houses & card issuers are wise to every trick in the book and don't allow payment by credit card to protect the money they make on interest payments. None of the credit companies I use will accept payment via another credit card. However my catalogue account does, this is because they do not charge interest on goods bought over 20-52 week terms as they have already inflated the prices without having to charge interest! It all revolves around the interest as this is how they make their money!

When you balance transfer on cards this is a different matter - you are in effect accepting a new credit agreement at a different rate to your normal purchase interest rate, which is the same principle as taking out a consolidation loan or mortgage to pay existing debtors.

HFC also don't have to accept credit cards - they have the right to refuse payment by that method, just as some stores are now refusing to take cheques or some stores don't accept American Express.

I hope this is clear enough to understand!