Claim the interest

You can claim interest on the money you바카라 사이트™re owed.

The interest will be calculated for you if you claim for an unspecified amount.

You need to work out the interest yourself if you바카라 사이트™re claiming for a fixed (바카라 사이트˜specified바카라 사이트™) amount of money.

Work out the interest

If you바카라 사이트™re owed money by another business, you can charge interest on a late commercial payment.

For other types of debt, the rate is usually 8%.

To calculate this, use the steps below.

  1. Work out the yearly interest: take the amount you바카라 사이트™re claiming and multiply it by 0.08 (which is 8%).

  2. Work out the daily interest: divide your yearly interest from step 1 by 365 (the number of days in a year).

  3. Work out the total amount of interest: multiply the daily interest from step 2 by the number of days the debt has been overdue.

Example

If you were owed £1,000:

  • the annual interest would be £80 (1000 x 0.08 = 80)
  • you바카라 사이트™d divide £80 by 365 to get the daily interest: about 22p a day (80 / 365 = 0.22)
  • after 50 days this would be £11 (50 x 0.22 = 11)