UK help please


Joined
Oct 12, 2018
Messages
1
Reaction score
0
Country
United Kingdom
hoping someone can help
i invested £310k with a company @ 6% per annum
now they owed me £18600 in interest payment and its over a year late
the legal stuff states any penalty interest owed is at 3% above the 6% therefore 9% and its calculated on a daily basis

how much am i owed each month or year that its late?
 
Ad

Advertisements

Steve-LevelUp

VIP Member
Joined
Jul 18, 2016
Messages
308
Reaction score
43
Country
Canada
I recommend putting together a schedule in excel showing the 6% per year, and then add a column with the days listed (day 1, day 2, etc) with a 3%/365 interest charge. This will help to identify what you are owed.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top