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Advice regarding intrest on statements


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i have started working my way through all the steps so far i recieved my statements from RBS and have added all charges up £782

 

what i am confused about (and im sorry if this is in another thread as i have trawled the site)is intrest, the intrest shown on my account for been overdrawn is that claimable also as well as charges,

 

 

im sorry if i make no sense this is all getting rather complicated now,

 

so for example my statement would show

 

13th nov intrest 29th october withdrawn £9.82

 

do i add all these intrest charges to my schedule and class them as charges,

 

and if so what is daily intrest and the 8% and the spredsheets come into everything

 

sorry for been a noob on this but hope you can all help me

 

much obliged scott

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The interest you have been charged when overdrawn IS claimable, but only the interest charged against your charges (if you get what I mean)

 

There's a spreadsheet that works it all out for you - have a look in the documents section.

 

Daily interest (or 8% interest) is what you can claim once you file in court (if you have to ) against your bank. The spreadsheet works this out for you too.

Request for statements sent 1/2/07

 

Statements received 10/02/07

 

Prelim emailed and posted 15/02/07

Prelim email received 15/02/2007

Prelim letter signed for 16/02/2007

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thank you essix however i am still confused

 

i have a total of 782 pounds of charges ranging over 3 years with the royal bank of scotland,

 

now i understand i dont claim for the 8% extra unless i win in court,

but what confuses me is how do i work out how much intrest they took from me regarding my charges

 

do i need to know the rbs unauthorised borrowing rate? and work it out that way, ive looked at the spreadsheets and just getting bogged off with it all, how would i look if i just claimed for the charges no intrest just charges

 

my account in 500 pounds in the red you see and they owe me nearly 800, i just want the account wiped so thats one debt less to worry about, anything extra would be a bonus, please everyone help me if possible,

 

i have my preliminary letter ready to print just totally lost now,

 

many thanks scott

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You need one of the more complex spreadsheets which lists charges down left column and interest down right column. Calculations on the spreadsheet do it all for you, but you need to enter correct information. Mindzai's spreadsheet is highly affective for this. Link to it in my post here which should also give you some help in filling it out.

If my post has been useful, tip my scales and let me know

 

Always start with the User guide!

Stuck with RBS charges? Click here!!

 

RBS CA1 £2794 SETTLED!!! RBS CA2 £503 SETTLED!!! HBOS CC £498 SETTLED!!! Barclaycard £705 (with CCI) ONGOING!!! NATWEST CA ONGOING!!! LLOYDS CA x 2, CC, LOAN ONGOING!!! HFC LOAN ONGOING!!!

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