elliesnan v nat west ** WON **

[elliesnan]

finally found it thanks to natty 4 ur help will keep you informed of our progress have done spreadsheet but need to amend as charges and service fee were lumped together! s till not sure about interrest can't get my head round how to work it out . any advice would be appreciated.

[Rooster-UK]

Hi Elliesnan.

 

If you use the spreadsheet template it will calculate the interest for you.

 

Spreadsheet Templates.

 

Good luck with your claim.

 

Regards, Rooster.

[elliesnan]

which one am i using sorry to be a pain

[elliesnan]

is it throughout claim with compounded interest( vamp recommended)

[ataction]

Yes that is the recommended version. Just work you way through it.

[elliesnan]

Sorry but l have had a look and have no idea what lm supposed to be doing so im going back to my original course of action which is just to send them a list of the charges they have levied on us and ask for them back. l'm sure the spreadsheet is easy but not if you don't understand what you're supposed to do!

[ataction]

OK, try this go to the CAG home page, click the on-line interest calculator, and this will work out the simple interest. Very straightforward..

Good luck.

[elliesnan]

I thought i'd posted reply so i'll do it again Can't understand what i'm supposed to be doing with the spreadsheet sorry complete dummy! So going back to original idea of just claiming back my charges feel safer with that route.

[elliesnan]

Just took me back to the spreadsheets again! Never mind getting a bit frustrated over my idiocy! but l'll just claim with no interest

[elliesnan]

that google site a complete nightmare wont let me save anything kept cutting out gonna have to do spreadsheet by hand thinking of packing it in and not bothering need cheering up very badly!!!

[ataction]

Have you prepared a schedule of your charges? Date incurred, amount and description of penalty? Once you have this information in chronological order, then it all becomes clearer. Essentially you are claiming the charges and the interest incurred on the charges.

The on line calculator on the home page does it all for you, but not contractual interest. If you want to do that go to Vampiress site and have a practice. Now remember the old adage. GIGO. Garbage in garbage out, so get it right.

Hope this helps in a non-patronizing way.

 

If so you can start your claim.

[elliesnan]

no iys not patronising just finding it really difficult will write out spreadsheet by hand then l know l'll be okay.not going to claim interest keeping it simple.losing hope today but will try again tommorow.

[elliesnan]

okay did my spreadsheet on microsoft no probs!! am just doing pre lim letter so off in the post tommorow am sending to addy in bishopgate will let you know what reply l get wish me luck!!

[elliesnan]

As our claim is over £5000 can anyone direct me to some useful threads much appreciated

[Deller]

You should find Paul's thread very helpful.

 

http://www.consumeractiongroup.co.uk/forum/natwest-bank/17630-shiebers-natwest.html

[elliesnan]

cheers

[johnwilsonstorey]

I think that you dont realise how much the interest over 6 years adds up too. Just look at the amount of interest the bank has charged you,it does seem a shame to not claim it,perhaps you should try again to get it right. As long as you are methodical with what you do its quite straitforward. Keep trying or ask someone else in the family how its done.

For me its usually my grandchildren who show me!

[elliesnan]

thanks john but l spent most of yesterday trying to get my head round it just do not understand it!anyway letter gone off they owe us £5531 so if we get that back we'll be well pleased L can imagine the interest would be a great deal but if l cant do it so be it not computer literate enough

[Michael Browne]

Even if you are not claimng contractual interest, once you file at court you can claim s69 8% interest and on £5000+ could add several hundred pounds. The spreadsheet for this is pretty straightforward and worth having a go at.

 

Use the Simple S/S here:

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/182-interest-calculation-spreadsheets.html

and guide here:

http://www.consumeractiongroup.co.uk/forum/barclays-bcard-woolwich-successes/7226-maisielou-barclays.html#post50088

 

Overwrite the existing examples type of charge, amount and date.

 

The days since and 8% will be calculated automatically

 

Save it (for use later at court), then delete/hide the last 2 columns (8% bits) and print out as your schedule of charges.

[elliesnan]

thankyou lm assuming l just add the 8% on to my final figure of5531 l hope so cause if its any more complicated than that l'm in deeps**!

[Michael Browne]

thankyou lm assuming l just add the 8% on to my final figure of5531 l hope so cause if its any more complicated than that l'm in deeps**!

 

You're going to need waders then!!!! lol

You have to calculate each charge from the date it was incurred to the date you file a claim.If you have 40 charges, you need to make 40 separate calculations.

 

The Simple S/S in the link above does that.

[elliesnan]

eeeerm right l'll try

[elliesnan]

so every charge they have made l add 8% to it then get total? sounds straight forward!!!

[Michael Browne]

so every charge they have made l add 8% to it then get total?

No that's the same as adding 8% to the total of your charges.

Each calculation is different.

A £20 charge made 6 years ago (say 2100 days ago) will attract interest of £9.64.

A £20 charge made 3 months ago ( say 90 days ago ) will be £0.40p

 

That's why you need the spreadsheet, since you only need to enter the type of charge, the amount and the date of that charge. The spreadsheet will automatically calculate the number of days since that charge was incurred and work out the 8% on that charge.

[elliesnan]

have just received a formal demand for repayment of our overdraft can someone point me in the direction of the letter saying that the account is in dispute l know l've seen it several times but can't find it again!