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    • 123 Abc efg   22/09/2019 Dear Sir,   Re:  v xyz. Case No: 123456   CPR 31.14 Request   On (date) I received the Claim Form in this case issued by you out of the county court of Salford.      I confirm having returned my acknowledgement of service to the court in which I indicate my intention to contest and counter claim all of your claim.   Please treat this letter as my request made under CPR 31.14 for the disclosure and the production of a verified and legible copy of [each of the following / the] document(s) mentioned in your Particulars of Claim:     1: The agreement/overdraft Facility Confirmation and Terms and Conditions from that date. You will appreciate that in an ordinary case and by reason of the provisions of CPR PD 16 para 7.3, where a claim is based upon a written agreement, a copy of the contract or documents constituting the agreement the original(s) should be available at the hearing. Further, that any general conditions incorporated in the contract should also be attached.   Failure to prove the above will render any claim unenforceable pursuant to section127 and 61b(3) CCA1974   2: The Demand/Termination Notice (Notice served under Sections 76(1) and 98(1) of the CCA1974   3: Notices of Sums in Arrears under running account credit CCA2006 sec 86C   4. Notice of Assignment *   You should ensure compliance with your CPR 31 duties and ensure that the document(s) I have requested are disclosed at your earliest convenience.. Your CPR 31 duties extend to making a reasonable and proportionate search for the originals of the documents I have requested, the better for you to be able to verify the document's authenticity and to provide me with a legible copy. Further, where I have requested a copy of a document, the original of which is now in the possession of another person, you will have a right to possession of that document if you have mentioned it in your case. You must take immediate steps to recover and preserve it for the purpose of this case.   Where I have mentioned a document and there is in your possession more than one version of that same document owing to a modification, obliteration or other marking or feature, each version will be a separate document and you must provide a copy of each version of it to me. Your obligations extend to making a reasonable and proportionate search for any version(s) to include an obligation to recover and preserve such version(s) which are now in the possession of a third party.   In accordance with CPR 31.15© I undertake to be responsible for your reasonable copying costs incurred in complying with this CPR 31.14 request.   If you are unable to comply with this request and believe that you will never be able to comply with this request please confirm in your response.     Yours faithfully   Xyz. is this ok to send. and recorded delivery.
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Kate987123

Clarifying compound interest calculation...

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Hi,

 

I've been reading threads re compound interest and am trying to make similar calculations but am having trouble with the spreadsheets. I've tried an online compound calculator from egalegal and a simple interest calculator I found online but am hoping somone can verify the figures for me if possible...

 

Using the example of a £20 charge and 19.9% interest compounded monthly based on a 360 day year from 1st Feb 1997 to 1st Feb 2010, egalegal compound calculator comes out as £329.94 (total, £309.94 in interest).

 

Is this correct as it seems too high? The 19.9% interest rate was the interest rate of the card so I presume thats annually? Perhaps I need to reduce this to a monthly rate. However, the amount of interest they were adding every month was high so maybe not!!

 

I'd be really grateful if anyone could clarify this for me. The document they sent when I sent a CCA request doesn't actually contain the terms so I can't find out anymore about this 19.9% interest rate from the paperwork.

 

Thanks for any help!

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Hi kate

 

That's about right; I get £256 but it depends how 19.9% translates to a monthly/daily rate and whether interest is applied monthly or daily.

 

It seems high because of the power of compound interest which is how they fleece us.

 

love

 

vic

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Thanks Vic - can't believe that's how much I can try to claim back for just one charge! I had a few £20+ charges prior to 2006 and then a few £12 ones post 2006 so going to go for the lot and see if they offer anything.

 

Based on the same example simple interest works out £71.77 (including the principal £20 charge). Because the principle is already included in the total compound interest, should I deduct it from the simple interest calculation (leaving £51.77) and then add this to the compound interest amount, for the full amount I could claim if it went to court? (Or does compound interest already include the simple interest?) Sorry for being thick, have been dealing with other debt issues for a while but claiming back charges is completely new to me (as you can tell lol)

 

Thanks again for your help!

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Hi kate

 

I don't know; there are conflicting views on here and I don't want to mislead you.

 

Have a look at other threads, especially Barclaycard.

 

x

 

v

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Hi Kate

 

It comes out to £266.04 including the £20 charge. So thats what you should get.


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Hi rebel11,

 

Thanks for your reply and taking the time to do the calculation for me. Do you mind posting the formula you used so I can replicate it and use it for other charges? (I'm still getting over £300 using the egalegal calculator so I'm obviously putting in the wrong figure somewhere).

 

Thanks again :-)

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Hi rebel11,

 

Thanks for your reply and taking the time to do the calculation for me. Do you mind posting the formula you used so I can replicate it and use it for other charges? (I'm still getting over £300 using the egalegal calculator so I'm obviously putting in the wrong figure somewhere).

 

Thanks again :-)

 

 

Bump!

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Kate

 

Send me a PM with an email address to send a file, and I will send you a calculator that does everything for you.

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