Welcome to MR, Deornorth! I'm sorry that your first post is a problem.
One thing that I have noticed on all the problems with charge.... Give the 505 a good full (usually about 4 hours before light goes off) charge using a mains/wall charger.
You can use the Sony AC charger or an even better/ cheaper choice is to use a very inexpensive Sony PSP charger. It will have the yellow round end to plug into the 505.
At lot of times this first step seems to clear up problems.
Good Luck and let us know if it works.
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