Manage money activity sheet: Letters to Jade. Resource sheet 1

Transcription

1 Resource sheet 1 Note to teacher: This tells the financial life story, through a series of letters, of a woman called Jade Carpenter. The letters are to be read aloud in full, including dates. 12th September 2000 Dear Jade, Welcome to the Junior Savings Club. We hope that you will enjoy saving money each week in your special new account for children aged Please remember to hand in your blue book and money each week to the teacher in charge. Happy saving! Geoff Wilson School Bank Co-ordinator 8th May 2006 Dearest Jade, Happy 16th birthday darling! I can t believe you are so grown up. The enclosed cheque is for you to spend on whatever you like your mother says you now have a proper account at the bank so that s good. With all my love, Nana.

2 Resource sheet 2 22nd February 2008 Current Account Statement Account name: J. Carpenter Current balance: st October 2013 We are pleased to inform you that your application for a credit card has been approved. Please sign the attached card immediately and carefully read the terms and conditions below. Your initial credit limit is 2,400 and interest is charged at 15.9% APR.

3 Resource sheet 3 16th January 2014 OVERDRAWN Dear Miss Carpenter, Our records show that your account is currently overdrawn. If you wish to make arrangements for an overdraft facility then please call into the branch to discuss this. Otherwise please make immediate arrangements to deposit sufficient funds into your account to cover the shortfall. Note that the interest rate for unauthorised withdrawals is 22.5%. A charge of 20 has also been made for this letter. Yours sincerely, K. Azmir, Manager,, Henston Branch 19th December 2018 Ms J Carpenter Credit card statement New balance this statement 1, Minimum payment 49.32

4 Resource sheet 4 2nd July 2021 ALLERTON F I N A N C E Thank you for your application to Allerton Finance for a car loan of 8,000, repayable over 5 years at 10.2% APR. We are delighted to inform you that your application has been approved. Monthly repayments of will begin on 1 September and the total amount repayable is 10,132. Kind regards, Allerton Finance Loans Dept. 15th March 2023 Dear Mrs Carpenter, Thank you for contacting Credit Card. Your credit card spending limit has now been raised to 9,000 as requested. Credit Card

5 Resource sheet 5 2nd October 2024 ALLERTON F I N A N C E Dear Mrs Carpenter, Our records show that you have not made any monthly repayments for your car loan since June. Please make an immediate payment of 504 to your Allerton Finance account. If payment is not received by 16th October 2024 or you fail to contact us to organise suitable repayment of these arrears we will be left with no alternative than to instruct our debt recovery company to repossess the vehicle. We will then sell the vehicle at auction and if there is any shortfall on the finance agreement we will seek to recover this via a county court judgement (CCJ) at Henston County Court. Yours, Allerton Finance INTER XPRESS 27th January 2025 Thank you for your application for a credit card with Inter Xpress. Unfortunately your application has been unsuccessful. We can not confirm the exact reason for this, however we recommend that you contact one of the UK s credit reference agencies for a copy of your credit profile. Your credit profile contains the information we take into account when assessing new applications. Yours faithfully, Inter Xpress Ltd.

6 Resource sheet 6 5 February 2025 Our records show that you did not meet the minimum required payment in December of and therefore a late payment fee of 35 has been added to your balance. We have temporarily suspended your credit card facility until the account is brought back up to date with December s and January s payment, which total Yours faithfully, Credit Card Credit Card HENSTON COUNTY COURT 20th February 2025 Judgement for claimant in default, Henston County Court Claimant: Allerton Finance Ltd Defendant: Ms J. Carpenter To the Defendant You have not replied to the claim form. It is therefore ordered that you must pay the claimant 3,688 for debt and interest to date of judgement and 320 costs. You must pay the claimant a total of 4,008 forthwith. WARNING: If you ignore this order your goods may be removed or sold, or other proceedings taken against you. If this happens, further cost will be taken against you.