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Best ppi compound interest calculator


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dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 1 year later...
Hi

 

The attached CI sheet works and should be used for credit cards or running credit accounts.

 

You'll find that this and the other one you mentioned are very close. In the other one most people enter their APR inthe interest box. That calculator is not designed to convert APR to actual interest rate so you tend to get a higher answer than would actually be the case if it were analysed.

 

With the spreadsheet attached it converts an APR to an actual interest rate and then compounds based on that.

 

As dx says....what is this claim for because if it is on a loan then the calculations are different.

 

Regards

 

ims

 

[ATTACH]29397[/ATTACH]

 

Is this still the one to use for charges and PPI paid on credit card statements. Does a further 8% need to be added?

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