Mairi's mate v cap one

[Mairi]

Hi all,
Have just started my first claim against a credit card for my mate. She has no PC and as it was me that encouraged her to claim back charges, I offered to do most of the work for her.

She had a limit of £200, and has had the card for 2 years, with £800 of charges added to the balance.

I have a question if anyone can help about the interest paid on this debt as obviously most of the interest is from the £800 of charges.

I'm filling out the "advanced spreadsheet" trying to work out how much interest she has paid. On the statements there are 2 diff types of interest "cash interest" and "purchase interest". Do I add them together and use that total as the interest charged ?
Sorry for the dumb questions. But the rate for both is the same so i can't figure out why they are listed seperatley on the statements.
thanks in advance
mairi

[livelylad]

Originally Posted by Mairi

Hi all,
Have just started my first claim against a credit card for my mate. She has no PC and as it was me that encouraged her to claim back charges, I offered to do most of the work for her.

She had a limit of £200, and has had the card for 2 years, with £800 of charges added to the balance.

I have a question if anyone can help about the interest paid on this debt as obviously most of the interest is from the £800 of charges.

I'm filling out the "advanced spreadsheet" trying to work out how much interest she has paid. On the statements there are 2 diff types of interest "cash interest" and "purchase interest". Do I add them together and use that total as the interest charged ?
Sorry for the dumb questions. But the rate for both is the same so i can't figure out why they are listed seperatley on the statements.
thanks in advance
mairi

hi i am not sure on the interest difference but i will pm your thread to a mod to try and help.
Also most people dont claim the interest as its difficult to do. You can however claim the 8% (under sect 69 small claims) if the claim goes to court.

[Mairi]

thanks for the reply livelylad,
I didn't claim the interest against my bank because it doesn't amount to much and as you say it's pretty complicated, but as this one is a credit card the interest started off at £2-£3 per month and has now reached £15 per month.
And bear in mind she has only spent £200 on this card, she's paid £470 to the balance in the past 2 years, but still owes £650. WOWWW

[livelylad]

Originally Posted by Mairi

thanks for the reply livelylad,
I didn't claim the interest against my bank because it doesn't amount to much and as you say it's pretty complicated, but as this one is a credit card the interest started off at £2-£3 per month and has now reached £15 per month.
And bear in mind she has only spent £200 on this card, she's paid £470 to the balance in the past 2 years, but still owes £650. WOWWW

ok i have sent your thread to someone who can help, she will get back to you.

[Karnevil]

She can claim back the interest paid on the charges. There is a spreadsheet to help her work this out in the bank templates library - Advanced one.

She will need all her statements to hand to complete the spreadsheet.

[Mairi]

thanks v much karnevil.
That's what i thought, although reading around the cc forums there is a lot of conflicting advice around now.
im halfway through filling in the spreadsheet you mentioned but there is 1 statement missing (probably has another £60 of charges on it), thankfully she has the original, just need to wait till she's home.
thanks again
mairi