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17.9% Interest


Ronaldo2k
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Hi Guys,

 

Just wondered if someone could advise.

 

I have a Barclaycard and the interest rate is 17.9%

 

To calculate the interest for the Charges sheet I do

 

17.9 / 365 / 100 = 4.90410 then lots of other numbers

 

Could anyone suggest where I am going wrong or do I just take the first 6 digits?

 

Many thanks,

 

Ron

The Woolwich - Case being held by Court. £1700

Halifax - Case being held by Court. £800

Halifax Visa - 1st Request, Awaiting response. £800 + removal of default notice.

Natwest - LBA - £800.

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I think so. Rather than the 8% basic Ban Account rate I have to ammend for a Credit card.

 

is that correct?

The Woolwich - Case being held by Court. £1700

Halifax - Case being held by Court. £800

Halifax Visa - 1st Request, Awaiting response. £800 + removal of default notice.

Natwest - LBA - £800.

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It is advisable to read as much as you can before you start claiming CI, you need to know exactly what you are doing.

HOW TO...DUMMIES GUIDE TO CAG...Read here

STEP BY STEP GUIDE...Read here

F&Q's... Read here

EVERYTHING YOU NEED THE A~Z GUIDE...Read here

 

Go to our Cag Toolbar Download page here

 

Please don't forget this site is run on DONATIONS If this site has helped in any way, then please give a little back. ;-)

Any opinions are without prejudice & without liability. All I know has come from this site. If you are unsure, please seek professional advice. .

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Thanks.

 

I have completed two cases for far with compund interest.

However, I am not getting the calculation issue.

 

Which has totally thrown me.

 

I am at the first stage. I have recieved statements and working out all charges + the x.xx% interest added to each charge at 15.9%

The Woolwich - Case being held by Court. £1700

Halifax - Case being held by Court. £800

Halifax Visa - 1st Request, Awaiting response. £800 + removal of default notice.

Natwest - LBA - £800.

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Can Anyone advise?

 

I have sucsessfully had cases Vs MBNA, NatWest, and Capital One, but now having a small issue with Interest calculation.

 

17.9 / 365 / 100 = A extremely high number which doesnt seem correct :confused:

 

Regards,

 

Confused Ron

The Woolwich - Case being held by Court. £1700

Halifax - Case being held by Court. £800

Halifax Visa - 1st Request, Awaiting response. £800 + removal of default notice.

Natwest - LBA - £800.

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Hello there,

 

Sorry just realised my error.

 

I am currently claiming back for my Father on his BarclayCard account. Now its not contractual Interest but in fact Overdraft Interest paid on the charges.

 

With a Interest rate of 17.9 I have the current sum:

 

17.9 / 365 / 100. At this point I get a number that is not accepted in the Calculation spread sheet.

 

I never had this issue with Woolwich, MBNA, or Natwest and am kind of stumped. Would you bbe able to advise?

The Woolwich - Case being held by Court. £1700

Halifax - Case being held by Court. £800

Halifax Visa - 1st Request, Awaiting response. £800 + removal of default notice.

Natwest - LBA - £800.

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