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8% interest


glyn and lucie linton
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hi,

does anyone know how to work out the 8% interest..... we have had a letter from dg asking for all charges plus interest.

have checked out the library don't really understand it..... must be a little bit thick!...... please if anyone does know layman terms are always best....

thanks.:smile:

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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

 

 

How did you work out the interest when you filed your claim at court?

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what we thought we had to do was add 8% to the total amount of the claim,

it wasn't until we started to read other peoples threads that we realised that we might of made a mistake..... we are at the stage where we have sent the court form out received a letter back from dg asking for a full break down of charges and interest..... so i don't know if we shoud leave it as it is or recalculate when sending the forms to dg...

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