Here we go!!! me v's RBS

[willowb]

You could always do it the old fashioned way.....with a calculator! the spreadsheet scared me! lol ....so I worked out the interest on each charge using this formula......charge X 0.00022 X number of days since offence....

OR....wait for someone with a bit more technical knowledge to help you! ;>)

Wxx

[willowb]

Hi.....I've copied and pasted this for you from FAQs...


Q. Can I claim interest?


A. When you put in a court claim, and not before, you should claim interest at the statutory rate, which is currently 8%. You must add a section to your claim in the following way:
"The claimant claims interest under section 69 of the County Courts Act 1984 at the rate of 8% per year from (date when the money became owed to you) to (the date you are issuing the claim) of £XXX - (enter the amount) and also interest at the same rate up to the date of judgment, or earlier payment, at a daily rate of £X.XXp (put in daily rate of interest)"

You will need to work out the interest you are owed up to the date you start the claim. You first need to work out the daily rate of interest. Using a calculator, do the following:
0.00022 X the amount of your claim – this gives you the daily rate of interest.

Ok? So the 0.00022 just gives you the daily rate then you work out how many days since the charge (start with the very first charge, it's easier taking off days) which will give you the amount.....hope this helps?

Wx