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Can't Work Out The Interest!!!

Hi - I don't know how to work out the interest - I've got 197 separate charges over 6 years - do I need to use the charges calculator to work out the interest on EACH CHARGE? Or can I use the total amount owed instead?

Comments

  • Edinburghlass_2
    Edinburghlass_2 Posts: 32,680 Forumite
    10,000 Posts Combo Breaker
    Each charge must be input with the date it was taken as a charge paid in 2001 will "gain" more interest than a charge paid in 2006. Put in a description of each charge as this list/spreadsheet will also be needed at a later date and will form part of your defence so print out several copies or save it somewhere.
  • Ok - thanks very much :)
  • catsonic
    catsonic Posts: 422 Forumite
    edinbourghlass

    When i did my speadsheet i didnt put in a explanation, should i do it again with a reason for each fee?

    sorry fluffy for pinching your thread! lol
  • catsonic wrote: »
    edinbourghlass

    When i did my speadsheet i didnt put in a explanation, should i do it again with a reason for each fee?

    sorry fluffy for pinching your thread! lol

    LOL no worries! Btw, my charges total £6.5k now! Woohoo!:j
  • Stephen_Leak
    Stephen_Leak Posts: 8,762 Forumite
    1,000 Posts Combo Breaker
    fluffycabbage: Nothing worth achieving is ever easy.

    catsonic: It might be a good idea. They ought to know what each charge is, but OTOH you don't want to give the legal department an inch.
    The acquisition of wealth is no longer the driving force in my life. :)
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