Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I have been through the fos guidelines for repayment of missold PPI in the case of a loan which is not yet paid off and can follow most of it... but the bit that [problem]bles my brain is where they talk about 8% apr interest payable on all payments made up to the date of repayment - now how the hell do you work that out? anyone with a idiot friendly formula they can share please put me out of my misery!
Sorry, really am thick - do I do that calculation for each monthly payment of insurance made and then add the totals all together at the end? ie if £20 per month for 12 months first calculation entering 20 with 12 months, second entering 20 with 11 months etc?
just enter each payment one at a time then the date that payment was made under that put todays date in the APR field put 8% hit calculate and the result will show below really is that easy PF
Far easier is to use the Simple spreadsheet. You still have to enter each payment separately, but you will then have a complete list which totals automatically.
Accounts Wizard required!!
guidelines for repayment of missold PPI in the case of a loan which is not yet paid off and can follow most of it... but the bit that [problem]bles my brain is where they talk about 8% apr interest
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