UKPC - Allocation to small claims track (Hearing)

Bobby2k2

Jenni_D said:

Easiest calculation is 8% per annum (compounded) ... technically it's BoE base rate plus 8% but easier to just use 8% given that historical base rates over the last 5 years have been very low.

Example:

Amount owed £100
After 1 year = £100 + (£100 x 0.08) = £108
After 2 years = £108 + (£108 x 0.08) = £116.64
After 3 years = £116.64 + (£116.64 x 0.08) = £125.97
After 4 years = £125.97 + (£125.97 x 0.08) = £136.05
After 5 years = £136.05 + (£136.05 x 0.08) = £146.93

Done!

It worked out to be a little higher because the amount owed was £111.

Thanks

Jenni_D

Good - you understood what I was getting at, as mine was simply an example.  

Bobby2k2

Thanks guys.. I’ll keep you updated.

patient_dream

Bobby2k2 said:

Thanks guys.. I’ll keep you updated.

Well done you

UKPC ignoring a court order ?   If that was you, it would have been a CCJ for 6 years

UKPC are just another money scammer approved by the BPA

WHAT A LETTER ... 5 YEARS TOO LATE

Are the BPA THAT STUPID ...... YES THEY ARE

Bobby2k2

Received the cheque in the post today accompanied by a very polite letter thanking me and apologising

Thank you everyone.

Fruitcake

Well done. There is no reason why you can't complain to the BPA about UKPC's negligence in failing to pay on time, especially as that is precisely how their trade association member and indeed all their other members operate.

You could also make the same complaint to your MP.

Coupon-mad

Bobby2k2 said:

Received the cheque in the post today accompanied by a very polite letter thanking me and apologising

Thank you everyone.

Nice one, at last!

See you for the Public Consultation in the new year.

patient_dream

Bobby2k2 said:

Received the cheque in the post today accompanied by a very polite letter thanking me and apologising

Thank you everyone.

GOOD, you mean sucking up to you
The BPA should have terminated them when they attemped fraud