lee sharp 3134

[lee sharp 3134]

Hello everyone, i have just recieved a copy of all the charges made against me over the last six years,at a quick glance it looks to be in excess of £4000,could someone please tell me if i can charge interest on these charges and if so how do i work it out.As i am new to this any help would be greatly appreciated.Thank you.I look forward to hearing from you,and will keep you posted as i progress.

[spotnot]

Hi Lee and welcome.

 

Yes you can claim interest. There are a number of ways you can do this.

 

1) You can just claim initially for the bank charges and claim 8% when you submit your claim to the Small Claims Court.

 

OR

2) You can use Vampiress's wonderful spreadsheets to work out the compound contractual interest. The spreadsheets are in the Template Library. You can claim either the authorised borrowing rate (usually about 18%) or (as many people have done), claim the unauthorised borrowing rate (about 27-29%). Depending on how old the charge is, the interest can be more than the original charge!!

 

If you use contractual interest rate you cannot calim a further 8% at the Small Claims stage.

 

You should start a new thread in the LLoyds forum as you will get all the help and advice you need there.

 

I hope this helps.

 

Spot

[lee sharp 3134]

Hi Lee and welcome.

 

Yes you can claim interest. There are a number of ways you can do this.

 

1) You can just claim initially for the bank charges and claim 8% when you submit your claim to the Small Claims Court.

 

OR

2) You can use Vampiress's wonderful spreadsheets to work out the compound contractual interest. The spreadsheets are in the Template Library. You can claim either the authorised borrowing rate (usually about 18%) or (as many people have done), claim the unauthorised borrowing rate (about 27-29%). Depending on how old the charge is, the interest can be more than the original charge!!

 

If you use contractual interest rate you cannot calim a further 8% at the Small Claims stage.

 

You should start a new thread in the LLoyds forum as you will get all the help and advice you need there.

 

I hope this helps.

 

Spot

THANKS A LOT SPOT I"LL GET RIGHT ON TO IT

[spotnot]

No worries, glad I could help

[lee sharp 3134]

Hi Everyone I`ve Just Sent Off My Claim By Recorded Delivery.let The Battle Begin, For Which Iam Well Ready And Prepared For Thanks To The Wealth Of Info Available On This Site. Vampiress`s Chambers Are A Must,(thanks To Spot Not For Your Advice).when My Settlement Comes Through, Which Iam Very Confidently Expecting, There Will Definately Be A Contribution On Its Way As It Is Imperative This Site Remains Free For All. "power To The Consumer"

[spotnot]

Good luck Lee, not that you'll need it. just follow the tried and tested method of success and you'll not go far wrong!

 

Spotnot

[MARTIN3030]

Hi your posts moved to your bank group