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Store card charges


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In the process of starting to claim late payment charges on a store card. Have put all of the charges into spreadsheet and have used 26% for interest, this was the purchase interest in t&c's. Would that be correct?

 

It comes out as..

 

Charges £474 Compound Interest £1046.51 Total £1520.51

 

Should I not be using 8% or is the higher rate correct? Just seems a lot!!

 

Many thanks for looking..

 

D

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Hi

 

What is the file name of the spreadsheet you are using?

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Hi

 

Yes that is the correct spreadsheet for a charges claim.

 

It is surprising how the compound interest mounts up over a period of time.

 

And yes you would use the purchase rate from the card.

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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