Claiming interest on debt

[sks]

I am issuing one online money claim for 4 different amounts, that became due at different times.
I need to specify daily interest, starting from one date.
Hence I am really confused as to what date to use?
For ease, should I just put the date the last debt was due?
Or can I put date of first debt?
Thank you all.

 

[obscure]

If you put the date of the first you would be charging interest (on the later debts) that you are not legally entitled to charge, which might come back to bite you.

 

[smallclaimsassistance]

It's not clear whether you are referring to interest claimed under the County Courts Act 1984 or under the Late Payment of Commercial Debts (Interest) Act 1998. If it is the former, interest is claimable from the date of issue. If it is the latter as I suspect it probably is, interest is claimable from 30 days after the sum was due.

If the latter therefore you need to calculate the interest for each debt separately.

Dean

 

[Lisa Thomas]

You can call them and check if unsure - contact details here:

https://www.gov.uk/make-money-claim

 

[Charlie B ACS]

If it is under the Late Payment of Commercial Debt Regulations (which is an update of the 1998 act referred to above) Calculate the interest due, on each individually, from the date they fell due, to the date you submit your claim, then state that you claim a further £x per day (the total daily rate of the 4)
Be ready to produce a spreadsheet or workings for each.