Marc Gander - The Consumer Survival Handbook


A 220 page introduction to all things consumer related by our own BankFodder.

Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.

£6.99



Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)


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  1. #1
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    Paco Novitiate



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    Default 8% interest charge

    Hello all,
    Have been trying to claim back charges from Bank of Scotland and have went thru the process of initial letter and then the lbaicon. The bank have now came back (after the usual offer of goodwill,.... which I refused) to say that the aren’t going to repay me the charges, therefore am filling up the court claim.
    Quick question tho…
    At the initial spreadsheet stage (from the template) I charged 3% interest on each charge. This gave me a “total claimed”. Do I now take 8% of this “total claimed” and add this amount to the “total claimed”, or do I change the 3% interest rate calc initially done to 8%

    Thanks loads,
    Paco

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  2. #2
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  3. #3
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    Default Re: 8% interest charge

    "The first interest rate is for interest on unlawfully deducted items up to the date of service. You can use almost any rate you see fit, or are brave enough to claim, i.e. 2% above base rate, 8%, contractual rate, etc. Obviously you may have to justify the rate you use in court."


    Used the above working each as 3% above base rate. Used and attached to the lbaicon the schedule provided in the templates, obviously not including the spiel above. Also used the LBA template modifying it only where needed.


  4. #4
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    Default Re: 8% interest charge

    "The first interest rate is for interest on unlawfully deducted items up to the date of service. You can use almost any rate you see fit, or are brave enough to claim, i.e. 2% above base rate, 8%, contractual rate, etc. Obviously you may have to justify the rate you use in court."


    Used the above working each as 3% above base rate. Used and attached to the lbaicon the schedule provided in the templates, obviously not including the spiel above. Also used the LBA template modifying it only where needed.

    cheers


  5. #5
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    Default Re: 8% interest charge

    As far as I am aware you can only add the interest at the court stage and it should be 8%, you shouldn't have both.

    Pam.

    If anything I've said helps you then please feel free to tip my scales!
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  6. #6
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    Paco Novitiate



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    Default Re: 8% interest charge

    Thanks loads.... have done this and am now filing my court claim. Let battle commence !



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