Help please although prob stupid ?

[yayamally]

Hey all

 

I'm so sorry if I appear to be really thick but I have read over the FAQ's so often, all the guidance notes and even looked at the spreadsheets to the point I could draw them from memory but I still dont know how to figure out my interest.

 

I should have started court action over a month ago but because I've been so confused over the whole thing and was afraid to ask because I know I appear to be completely dunce but could somebody put it in childlike form for me please, I have my claim forms in front of me here and all I've filled in is my details, nationwides and the charges of £296.45. I'm picking up that I apply a charge of 8% so is that just 296.45 x 8% ?

 

OMG I cant even believe I am asking this

 

TIA

Cath

[Guest Lueeze]

its okay, at least you tried to suss it out yourself.

 

you need to apply the 8% from when the charge applied

 

1st you need to work out the daily rate, and then multiply that by the number of days since the charge was deducted.

 

Can you not use the online calculator or Spreadsheet?

[yayamally]

Thanks so much for replying you dont know how stupid I feel, I've tried opening the spreadsheets but its not working, so basically say for example one charge is £114.00 on the 11/04/05 so I apply an 8% charge per day until today?!

 

8% x 408 days is 32.64

 

Is this right?!

 

Thanks

Cath

[Guest Lueeze]

nope sorry, its okay dont worry.

 

0.00022 x amount of your claim gives you the rate of daily interest.

 

Then add the days up....

[Bovvered]

Thanks so much for replying you dont know how stupid I feel, I've tried opening the spreadsheets but its not working, so basically say for example one charge is £114.00 on the 11/04/05 so I apply an 8% charge per day until today?!

 

8% x 408 days is 32.64

 

Is this right?!

 

Thanks

Cath

Are you sure you're trying to open the right spreadsheet? There are 2 different ones in the library, one excel and the other something else (can't remember what it's called)...try them both to be on the safe side....

 

]Not Excel one

 

]Excel one

[yayamally]

Cheers but no I cant seem to open any of them at the moment, although I have one saved in my documents.

 

Think I have it figured now, sorry for this

 

0.065219 is the daily rate x 408 days for 1 charge, then the same rate x what ever days for the next charge and so on until all the chargs are listed, then add all up and add onto the charges?!

 

I hope this is right

 

Cath

[yayamally]

OMG I'm a d!*k sorry people I'm so thick have just worked it out lolol

 

its the fee x 0.00022, then x this by the days

 

Why is it I can only figure something out when I see it written a different way,

 

Thanks so much guys I would never have went to court if I couldnt have worked something so simple out lol omg I'll laugh everytime I come onto this site now

 

Thanks again

Cath

[Guest Lueeze]

bless you! its okay, everyone needs help sometimes!

 

Good Luck

 

Lou x

[yayamally]

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