CCA Fee?

Nick_K

Hello everyone, 

Please see the settlement fee breakdown my partner received from one of her creditors:

Settlement Figure Template
Variable Data Date of request 08/07/2020 Balance as at date of settlement request 1892.14 Annual interest rate 64.46% Annual insurance interest rate 0.000% Number of days since last accrual to date of request 7 Number of days from request date to settlement date 28 CCA permissable days charge 30 Settlement Calculation Outstanding Balance 1892.14 Accrued Interest since last charge 23.39 Accrued Insurance since last charge 0.00 Interest to settlement date 93.56 Insurance to settlement date  0.00 CCA Fee 100.25 Late Fee and NSF Fees 0.00 Deferrment Fee 0.00 Total 2109.34 Firstly, they have counted 1 less payment than my partner has actually made. Secondly, I don't really understand how they are working out the accrued interest and interest to settlement date charges using the data they have provided. Could somebody also explain what a CCA fee is? There is no mention of this fee anywhere on my partner's loan agreement.  I would appreciate it if someone could explain this a little clearer for me, it's a nightmare asking them to send me more information. Thank you

sourcrates

You need to be asking them, it appears to be a charge they make, but for what i have no idea, that interest rate is crippling.