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calculating interest....help?


jdobuk
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hi all,

 

i have sent a second letter 7 days ago to NatWest claiming £1311 in total charges over 4 years, giving 14 days to respond before court action

 

I did not calculate interest on top of that. just charges.... i have a few questions....

 

 

what interest can i claim?

 

is it to late to add interest on top of specified claim?

 

if an offer is sent for full ammount can i acccept it and then persue claim for interest of that ammount?

 

anyone else had experience of this?

 

 

cheers

j

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Hi Jdobuk.

 

When you file a claim in the county court you will be entitled to add 8% APR interest to the amount you are claiming; please remember that you have no grounds to do this before a claim is raised in court though.

 

Some people on this site are claiming contractual interest at a much higher rate than this but I didn't bother personally so can't really offer much advice there... I'm sure someone else will be along to explain shortly :)

 

Hope this helps.

Andy

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