Moneyclaim Online (MCOL) question

Fill_7

Rex_Mundi wrote:

That's not right. The £137.10 interest claimed is the statutory interest claimed with the court claim. You DO NOT include this interest when you work out the daily rate of interest. In this case the figures are....£950x.00022=22 pence a day.

This section of the advice from CAG is on about contracual interest claimed from the account, this doesn't apply here...........

This daily rate of interest is calculated by multiplying the total value of the claim (charges plus overdraft interest, if claimed) by 0.00022
For example,
£1,429 in charges
£27.40 in overdraft interest
Total £1,456.40
1466.58 x 0.00022 = 0.32 - This would therefor be £0.32p on a daily basis.
Please ensure you do your own calculation based on your totals

hi rex,

im just at the stage of filling in the moneyclaim 'form', ive used the template in post 6 but the interest claimed on a daily basis is confusing me....

the first part of the post i have quoted shows £950 x 0.00022 = 22p. not on my calc is doesnt, it shows 0.209 (21p)

then, with the example u give later, you use £1456.40 total charges, then £1466.58 x 0.00022. whyy the differene between 1456.40 and 1466.58, am i missing a calculation somewhere?

basically, my charges add to £1173 and interest amounts to £378.39 making a total claim of £1551.39. so is the daily rate figure 1551.39 x 0.00022 = 34p?

thanks for any help...

Rex_Mundi

the first part of the post i have quoted shows £950 x 0.00022 = 22p. not on my calc is doesnt, it shows 0.209 (21p)

That's true (0.209). I must have hit a wrong button on the calculator when I did this.

then, with the example u give later, you use £1456.40 total charges, then £1466.58 x 0.00022. whyy the differene between 1456.40 and 1466.58, am i missing a calculation somewhere?

This second one wasn't my calculation. I was quoting someone elses post. This looks like a typo.

basically, my charges add to £1173 and interest amounts to £378.39 making a total claim of £1551.39. so is the daily rate figure 1551.39 x 0.00022 = 34p?

Your daily interest is worked out at charges (only) X .00022. You are including the interest here (you don't do this). The daily rate for you is £0.26 (0.258 rounded up).

sparkyspice

thanks for that, i had used the full template before but i'll try the one you suggest.
sparkyspice

mrsd

I have also received notification from the court (filed online claim after following all other advice/procedures from this site) saying the Nationwide are defending my claim. What happens next? I would like to be prepared.

Mgreen17_2

Hello,

After filling in the POC you are asked to select -

Judgement by Default.

Judgement by submission.

Which one do we want?

Cheers!

sparkyspice

Rex_Mundi wrote:

Did you use the template in post #6 of this thread? Others have used this with no problems.

i've tried this alternative template you suggest but i think it's actually longer than the original and MCOL wont allow me to submit my particulars of claim unless i can get it down to 1080 and 24 lines.
any ideas?
ps. it's so great having this forum, thanks to everyone out there who's helping us newbies along
sparkyspice

Rex_Mundi

sparkyspice wrote:

i've tried this alternative template you suggest but i think it's actually longer than the original and MCOL wont allow me to submit my particulars of claim unless i can get it down to 1080 and 24 lines.
any ideas?
ps. it's so great having this forum, thanks to everyone out there who's helping us newbies along
sparkyspice

I don't understand why this wont work for you. It has worked fine for other members. Are you copying it as it is (not adding breaks etc)

sparkyspice

can anyone help me with this? both the templates i've been directed to are too long for the 1080/24 line limit on the MCOL site and it wont let me complete and submit my form. i'm not sure which bits of the template are essential to keep or i'd just write my own.
can anyone help?
sparkyspice

Rex_Mundi

Mgreen17 wrote:

Hello,

After filling in the POC you are asked to select -

Judgement by Default.

Judgement by submission.

Which one do we want?

Cheers!

Don't select any of them. You only need them if the bank doesn't respond. Keep your eye on the claim, you can see how your case is proceeding.

pigginsexy

Hi Rex,

Can you help me, before i press send on the MCOL. Quick question, this is what i have put for partiuclars of claim

"The Claimant has an account XXXXXXXX & XXXXXXXX with the Defendant,
opened 2000. Since 2000 the Defendant debited charges and interest in respect of purported breaches of contract.Defendant is aware of all details as a list of charges has already been supplied. Claimant contends: The charges exceed the Defendant's losses caused by the breaches; The Term permitting the Defendant to levy such charges is unenforceable under the Unfair Terms in Consumer Contracts Regulations 1999, Unfair Contract Terms Act 1977 and at Common Law. Claimant claims: return of the amounts debited of £2110.00; Interest per S.69 County Courts Act 1984 of 8% - £331.23 continuing
at 8% until judgment or settlement at a daily rate of £0.46; Alternatively, if the charges are a fee for a service, then they must be reasonable under S.15 of the Supply of Goods and Services Act 1982. Costs allowed by the Court."

However, when you tick the interest box, it states to add this

"The claimant claims interest under section 69 of the County Courts Act 1984 at the rate of 8% a year from {date when the money became owed to you} to {the date you are issuing the claim} of £ {put the amount} and also interest at the same rate up to the date of judgment or earlier payment at a daily rate of {enter the daily rate of interest}".

Is this in the above particulars of claim correct????

Your help is very much appreciated..