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demi v crap1


demi
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I have sent off a cca and SAR to find out what charges have been applied to my account as I know theres lots! just wondering what if any interest do I add to these charges please help I dont want to get this wrong and there is so much advice on different threads i am not sure what the best course of action is?

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Hi Demi

 

Don't worry there is plenty of help on hand. Most people are claiming back Contractual Interest, the rate they charge us each month.

 

On your statements you should see figures like :

 

1.850% for purchases and 1.904% for cash. . . or simular figures, left hand side below your monthly transactions. What some people do to make it easier for compounded contractual, is add the figures together and divide by 2 for an average.

 

So : 1.850 + 1.904 = 3.754% -: 2 = 1.877%

 

Type that into this calculator at the bottom and it will give you the rate you need for your spreadsheet. This figure is what they have charged you as an APR.. If you don,t have these figures on your monthly statement,then call them and ask what it is.

 

Don't use the spreadsheet on this link, it's the small calculator you need to get your APR. The spreadsheet is for banks only. You should use the ones in Vamps chambers.

 

http://www.zen122856.zen.co.uk/CompoundSheet_v1.9.xls

 

Uk

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