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Having trouble working out the interest. Sorry Maths is not my strong point, or spreadsheets LOL


Johnny Brassic
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Hi everyone.

 

Back again just to ask for a couple of quick pointers if at all possible. I'm having trouble paying Capital One and as much as I try to sort it out I keep getting landed with charges which seems to just send me back over my limit sending me back to square one again. I'm in a hole I can't seem to get out of due to it no matter what I do.

Its a £500 limit, currently at a little over, due to their stupid charges. I've worked out that since Sept 09 they have charged me £192.00. Overlimit and late fees. At what rate do I charge the interest and how do I work it out. I don't know how spreadsheets work, don't understand compound interest rates or how to work them out and can't find any working OpenOffice spreadsheets I can copy/utilise.

I'd have been happy to continue trying to sort this out but 6 weeks of 3 calls per day have tipped me over the edge and I now have decided to go all out for this. I reckon with interest half the account should be paid off!

 

Any help and or pointers to the right page would be great. Past that I should be OK :madgrin:

 

Love and Peace x

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Hi,

 

There's a Tutorial in this link...................

 

http://www.consumerwiki.co.uk/index.php/Interest_Tutorial

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

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