Thread: tubeway vs barclays

Hi Andy, and Welcome.

There shouldn't be a problem with the overdraft. It didn't affect me anyway.

As for the Spreadsheet and calculation of Interest, the link to the excellent spreadsheet selection on this site is here . I used the Englan Simple Excel. Now take a look at the following text which I sent in reply to a similar question last night:

"I don't want to seem to be trying to be like a schoolteacher here but I am concious that others learning their way around this system will read this thread and this post and learn from them so I am explaining it in Laymans' terms from the very beginning so please forgive me.

When you fill the spreadsheet in, you overtype what's already there until you've covered all your charges. Dependant on how many entries you have then you may have to add some rows or delete surplus example entries below.

All entries you make are in three columns. These being:

"In Respect of", "Amount" and "Date Incurred". At the bottom of the "Amount" column you will see a total. That's the one without interest, and that's the one you use at Prelim Letter and lba stage.

The spreadsheet will have done its own calculations in the other two columns which are entitled "Days since Offence" and "Interest 8% APR". You don't touch those at all. The days since offence column calculates the number of days since the bank made the charge and which appears on your statements up to the day you are viewing the spreadsheet. If you look at one column on two consecutive days, you'll see the totals have gone up by a day. So will the interest.

Now at the bottom of the interest column, you will see two totals. The top one is the total Interest @ 8% which is re-calculated automatically by the spreadsheet each day and the larger total below it is the total sum at the bottom of the "Amount" column plus the subtotal at the base of the "Interest" column.

When the spreadsheet is produced for the Prelim and LBA stage, it is printed out excluding the last two columns and totals. There are several ways to do this, the easiest being to go to "File" at the top of the page and go across to "Print Area" in the drop down menu then "Set Print Area". Set the area making sure that you include the Total under the "Amount" column but exclude the last two columns. When you need to include the 8% interest in the future, you obviously set the print area to include everything".

Does this answer your questions?

Make a decision ASAP on what you want your thread called and post the reply on this thread.

Glad my post helped you, and good luck.

The claiming of charges beyond the 6 years is very much uncharted territory. It is thought that if a claimant does include charges beyond that time, there's a possibility that it could affect the whole claim so it's better to claim the six years first then pursue the remainder in a separate action but I have read that some claimants have been tempted to test the system.