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.
Hi, My name is Sally. I took my forms to the Court and asked if everything was OK on them. They raised 2 points, is my bank to be refered to as first direct or should it be plc or something else and the wording for the interest which I had copied from the templates page wasn't right. (Has anybody else had this happen to them?)
I was scared before, but now I'm petrified and I'm double checking everything.
I am not very good with maths but on looking at the formula on the spreadsheet in the 8% column (=(C9*0.00022)*E9) isn't this just the daily rate of interest on that specific charge x the number of days it has been applied? Where does the 8% come in? Also in working out the daily rate I though it was 0.00022 x the amount of your claim (as in total claim, not each item). Is there anybody who can explain this simply? I'm very worried and nervous!
The 0.00022% is 8% APR - i.e. per day times the amount owed.
You cannot charge 8% of the overall total - that would just be 8% on top, not 8% APR.
Not heard of the wording for the interest being wrong - it was afterall based on the wording provided by MoneyClaim on-line.
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Possibly, although this is the first I have heard of anyone having any problems.
[COLOR=olive][SIZE=1]If you feel that we have helped you, or you would like to help keep this web site running so that others can continue to get their money back, please click the donate button at the top of the forum.
Advice & opinions of Dave, The Bank Action Group and The Consumer Action Group are offered informally, without prejudice & without liability.
Use your own judgment. Seek advice of a qualified insured professional if you have any doubts.
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ok so how having worked out the 8% on charges --what figures do you use to add till court date and do u add 8% on overdraft interest charged and included that
Spreadsheet/Interest
which I had copied from the templates page wasn't right. (Has anybody else had this happen to them?)
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