This topic was closed on 10 March 2019. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group

This topic was closed on 10 March 2019. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group

This topic was closed on 10 March 2019. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group

This topic was closed on 03/07/19. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group

This topic was closed on 03/06/19. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group

Well the deadline for MCOL has just past so I'll be putting my claim together tomorrow. MBNA can't be bothered to answer emails any more so I'll take them for all I can. My query is still with the interest on my charges. The charges total £837. I understand that the interest via MCOL is 8%. However surely they should be paying me back more than this? Regardless of whether or not I go over my credit limit due to the charges they apply each charge regardless is subject to the 1.8% per month (21.6% pa) charge that they apply to the outstanding balance. I'm quite happy to put in the MCOL claim for 8%. However I'd love to screw them for every penny I can. Is there any way I can word the MCOL particulars to make them work out the interest as they apply it if no-one can assist with the actual calculations. I know some people have made suggestions but; 1. No, I do not have the statements, MBNA sent me a list of charges only, so I can't refer to them for interest rates. 2. I have already calculated the interest by applying 8% to each charge in the form of a spreadsheet so I don't need help with that. My main concern is that by applying the 8% the total interest on the charges of £837 is only £100.22. When you consider they have been charging me 20%+ per annum this looks a little low!

Not an overdraft - 2 credit card accounts. The 8% bit is easy as I already have a spreadsheet for that.

Help! I'm getting nowhere with my calculations. I am claiming back a total of £837 in charges but am struggling calculating the interest. I do not have statements going back to see the rate of interest except my latest bill which says 1.8%. However when I try to work it out my interest on some of the early charges is actually more than the charge? Seems crazy. Any advice appreciated as I I'm desperate (have enough money to go to MCOL but that's it for this month!!).

Roydosan - you've lost me? Charge them interest on the charges plus 8% on top of that? Surely I claim back the charges but instead of claiming back at 8%pa (as I did with the Halifax) I claim back at approx 1.8% per month (21.6% pa)? HELP!! Well, despite me emailing Gareth Tunnicliffe giving them the option of settling this out of court they have 24 hours left before I get onto Moneyclaim.

Unfortunately I haven't got my statements - they sent me a list of charges instead so I've got no way of referrng to them. Plus the fact that amazingly they have become silent - there is no way I'm ringing them with their ability to twist everything round. I rang them months ago to take out a loan - had too as I had two cards of theirs and no-one else would give me a loan. They gave me a loan then changed the interest rate to suit them from what they told me on the phone when they initially agreed it as they knew I was desperate. They then reduced the credit limit on both cards to £500, even though I told them to close one (I only wanted one card with a reasonable credit limit). When I rang to complain they told me that they followed my instructions to the letter and that the transcript of the conversation was on the computer in front of them. Absolute B@**o%ks!!

Well to be honest if they contact me then they can!! I was just wondering if you base it on the interest rate they charge on the card? I suppose as you're SurreyScouse I should rename myself SurreyManc.

Claiming back charges on two MBNA cards. Is the rate still 8% or can I charge more (bearing in mind that credit card rates are higher)? Can anyone advise the best way of calculating the interest. I had filled out a spreadsheet with the charge, number of days since charge and the 8% rate calculated. Don't want to miss out on screwing every penny out of them. Funny how when I was late with payments they've phoned me in Athens, Budapest, Milan and Antalya despite me telling them I'm away and on a mobile but now I'm asking for money off them - not a peep!

How do they get the interest at 24.9% I have sent my LBA and have partially calculated my 8% interest per day per charge on a spreadsheet. Is the 24.9% related to the daily rate of interest from the MCOL registration?

I completed the Moneyclaim form on the 04/07/06 and the Halifax acknowledged my claim on 07/07/06. Still waiting.

I'll second that. Why is it that my partner and I are both civil servants on reasonable wages, both over 10 years in each job, joint mortgage for last 6 years, same address for last 7 years, both on electoral register. She has no debts etc. I had at one point 6 credit cards (all but two closed now). The only really bad thing on my experian report is an account with all '6's that is now closed. Can I get any credit at all? Can I heck as like! Even for a £800 camera. There must be people out there with experience of sorting this out?