ccj Interest query

littlenlarge

Help calculating CCJ interest. CCJ issued in 2017 for £1290. It’s going to take me around 40 months to pay off - already paid 26 months. CCJ was issued in Scotland ( I now reside in England) and has annual rate of 8% that started 3 months before I made my first payment. There is also court costs involved so I have those to pay too. I cannot work out how much in total is due. Court costs are £250. I’ve had no statements from the pursuer so keeping an eye on my bank statements and ticking off each month as I go.
Is the annual rate calculated yearly minus payments that have been made? Is it calculated on the length of time it takes to pay off? I’m in the middle of a clear out and come across the paperwork. Wish I disputed at the time as I’ve found a discrepancy but too late now.

TheGardener

I don't think its ever too late to raise the issue if you have found a discrepancy ?

As for the interest - you have to know how the company calculate the interest before you can do the maths yourself.