CC providers normally inform you that you are responsible for all DDs on an account-did BoI do this? What does your card agreement say?MoodyToo said:However I forgot to update my Direct Debit details with one third party company, so this company had my old CC details on file.
MoodyToo said:But are BOI Credit card Services really in their rights to do this, who can I go to for advice on this, it seems very sharp practice. I am now in debt to BOI credit card services again, a full year after I closed the account?
Yes I was informed about my reponsibility. I acknowledge this. However I would have thought that the payment would be refused anyway and the third party company would contact me and I would give them my new CC details. The reason I thought this is because this is exactly what happened when I reported my CC stolen to BOI about two years ago. That time BOI refused all DDs and I had to update my details with each company. So if BOI can refuse a DD to save themselves from potential loss then they could refuse a DD in this case also. The difference is that it suits them to pay the DD in the current instance.CC providers normally inform you that you are responsible for all DDs on an account-did BoI do this? What does your card agreement say?
I don't think you have any case-you didn't update your DD details with the third party company.
Bear in mind that if we could get out of legimate transactions carried out but not yet processed by closing the cc account we would all do very well.
MoodyToo said:You'll notice in my first post I said i had no issue paying the subscription so I was not trying to get out of paying anything.
My issue is that a year after I tried to get rid of the credit card, they still have their claws in me. If I can't afford to clear the bill in full this month I'll be paying interest.And if you are happy to pay the subscription, what exactly are you looking for from BoI or anyone else? Does it really matter that you are paying the money to BoI and not another CC company, or to the third party directly?
MoodyToo - expect a €40 stamp duty bill on this account for the year. I wouldn't be happy with this.
z
I have never understood the logic behind credit card providers accepting transactions on a closed account.
zag said:MoodyToo - expect a €40 stamp duty bill on this account for the year. I wouldn't be happy with this.
zag said:CCOVICH - I don't agree that it is a genuine transaction in this case. The company putting the transaction through believe it to be genuine, but the credit card provider should be able to enlighten them by telling them the account is closed and so the transaction is not valid. It's just like a bounced cheque - there is no requirement for the bank or credit card provider to honour the transaction, especially when their customer has specifically closed the account. Sure . . . the bank or provider can do so if they want, but they don't seem to feel the need to do this with cheques, so why is it different for credit cards ?
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