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8% APR claimed on penalty charges


Rosco
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I've seen several threads in which this 8% is mentioned, as well as the FAQs. However, this relates to the County Court actions, which is relevant to England/Wales. Is the position the same in Scotland?

 

And this is my 1st post so hi :D

 

I'm glad people have come together to fight this evil. Together we'll beat them.

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Check with the Govan site linked in "Helpful Organisations". Let us know.

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"In the example given you would Minute for the principal sum sued for (eg. £49.99) with judicial interest at 8% per annum until payment with expenses"

 

From the Govan Law Centre site, so i assume that's a yes. However, that's only for undefended actions and it doesn't say anything about defended ones. Mind you, they never seem to bother defending themselves anyway :D

 

Quite an interesting thing there about being awarded £181.30 in fees in the result of a no-show from the bank, which is a tidy bonus to say the least.

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  • 12 years later...

This topic was closed on 03/06/19.

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