Started the ball rolling!

[kia]

hiya michelle been off line for a while sorry computer went belly up in a big way and life here been horrible but trying to get a grip on case as i got up to n1 bit now i dont know were to start cause all the spreads have to be redone and feel like im gonna cave in need some moral support if not actual help will try and get a grip in following days lolKia

[bish]

Would you like me to explain how to calculate the 8% interest on your charges. The spreadsheets available on this site should do this for you, but I can explain how it is calculated if you wan't.

 

Regards bish.

[michellej]

Hi all well spent some time reading over Karnevil thread regarding N1 form,..learnt quite a bit but still a little confused,..Looks like I will be doing another spread sheet ,..Any more help doing this will be greatly appreciated,..Kia how it going hope you got your's sorted out,..thought I had it sussed,Well will keep reading but need to get this sorted out sooner rather than later,..And Bish if you have a good method to working the interest out please do post it on this thread,..Thanks everyone & good luck Mx.

[michellej]

Karne I used the simple spread sheet and removed the interest section,..(same as the one you used),..Mx

[bish]

Try this spreadsheet, it is a bit more advanced but I used it and found it very good. http://www.cag-files.co.uk/barracad/Spreadsheets/England/Complex-bank-charges-calc.xls

 

If you have all of your statements with charges you just enter the info requested and the spreadsheet does the rest. It also allows you to enter charges and interest due to those charges which you send with your LBA, and seperatly applies the 8% interest which you apply when you file your N1 and claim. So you only have to enter all the data once. Have a look at it and just ask if you need any help.

 

Regards bish.

[bish]

If you want to calculate the 8% interest yourself then ;

 

8%/100% = 0.08 0.08/365 days= 0.00022 this is the daily rate of interest.

 

So if you are owed £1000 1000x0.00022=0.22 or 22p per day

 

You need to apply this to each charge ie ;

 

a £20 charge 6 years ago would have accumalated 8% interest as

[michellej]

Hi Bish thanks for the replies,...Do not want to sound thick but are confused now ,Is they a simple way of working this out,(Working out each charge seperately for the whole 6 years?),...Kia no wonder you are fed up,..

Recieved a letter from the bank today saying" Charges are lawful blahh blahh and the 5 refunded charges are a goodwill gesture,..Even more keen to get this spread sheet sorted out,Doing this right now,.Any input please feel free Mx.

[bish]

If you want to calculate the 8% interest yourself then ;

 

8%/100% = 0.08 0.08/365 days= 0.00022 this is the daily rate of interest.

 

So if you are owed £1000 1000x0.00022=0.22 or 22p per day

 

You need to apply this to each charge ie ;

 

a £20 charge 6 years ago would have accumalated 8% interest as

 

20 x 0.0002 = 0.0044 x 2190 days since charge applied or paid = 9.636 = £9.64

 

So you would have to carry out this calculation for every charge applied. Much better to use the spreadsheet which has this built in. Sorry about the break, computer crashed, thats technology for you. Hope this helps.

 

Regards bish.

[michellej]

Yeah Bish think its best to use the spread with this built in ,Seem's much easier which spreadsheet offers this option? and what are your thoughts on a online claim or the N1 to the courts? thanks Mx.

[bish]

I did the N1 claim and took it to court myself, so much more satisfying. Plus you get the court staff to give it the once over and make sure you have not made a mistake. I made two mistakes so worth doing the N1 claim. My claim is for over £8000 so had a large schedule of charges to go with it. If your claim is small it may be worth using the moneyclaim route. You realy do need to use one of the spreadsheets available on this site to calculate the interest for your claim, if you have a lot of charges over the last six years. Best wishes and good luck. If you need any help just ask.

 

Regards bish.

[michellej]

Hi there again Bish,...used the spead and have it worked out now,..just going over a few things thanks again best wishes M.

[michellej]

Morning Gang,....Well BIG surprise,Abbey have sent me my full 6 years worth of charges,...Think this is another new ploy off the abbey,..As my claim was due to be in friday gone as that was the time table,..Maybe their send these to mess us around ,As we would have to amend the claim plus the costs,..Well their say they is a reason for everything,..Glad I held off with the claim for a extra few days,..Seems to be better than a estimated claim,..Will be able to do this online now as I can actually put the correct charges without the need to have a large estimated schedule,..Will have a good read over now as I am having a day off work to sort this out with the spreadsheet and things,..Good start anyway,..Mx.

[michellej]

Well only half the amount of the estimation,But at least its a solid claim and I know the true figure now then messing around after submitting claim,..£2096 without the interest added,..Will put this in the spreadsheet and get the interest put in place,..M.

[michellej]

Only me again,...Can someone help,..can not seem to download the N1 form, ?

[michellej]

Hi Karn,..Yes I have acrobat,..Just when I click on the form to download ,A box appears in the middle of the screen with the message"INTERNET EXPLORER HAS ENCOUNTERED A PROBLEM AND NEEDS TO CLOSE.WE ARE VERY SORRY FOR THE INCONVENIENCE......

HAVE TRIED A FEW TIMES BUT SAME THING HAPPENS:confused:

[michellej]

Any ideas on the N1,..Anyone else had problems with the N1 form & downloading,Thanks Mx.

[michellej]

Has anyone got a copy of the N1 which their have downloaded which their could forward to me,..Thanks.

[fuzzgun19]

Michelle,

Couldnt you use the N1 in the templates library? here -

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/681-4-particulars-claim-n1.html

[bish]

Have you updated internet explorer and adobe for the latest versions on line, this may help solve the problem.

 

Regards bish.

[michellej]

Hi Fuzzgun,..No it will not let me download the N1,...A box appears on screen with the words"INTERNET EXPLORER HAS ENCOUNTERED A PROBLEM AND NEEDS TO CLOSE.WE ARE VERY SORRY FOR THE INCONVENIENCE......

 

Then the site closes down,.. :confused:

Was hoping someone had this saved on their computer and forwarded to myself,Well never mind will have to get myself to the CC in person ,just finding the time,...Thanks for the link anyway M.

[michellej]

No Bish just the same as used in the past,...Never needed to update,..how would one preform this?thanks for the advice,..Still here plugging away,..M.

[fuzzgun19]

When I click on the link i pasted earlier, it is not a PDF acrobat...?

Just a normal web page that u could copy n paste to word.

 

Im confuzzled now lol

[michellej]

Yes Bish I get the web page,...but when I click on the downloaded PDF N1 it does as I said with the box,.. :confused: confuzzled SNAP.

[fuzzgun19]

I dunno wat to suggest Michelle, I've tried saving the form to word (so i could email it to u), but it wont let me.

 

Could you not use the standard web page, or get a form from your local court?

 

-Kate

[michellej]

Think I will be calling to local courts to collect a N1,..thanks for the help Kate best wishes Mx.