Someone now owes you £{{totalDue}}
Here’s how this was worked out:
- Days Overdue: {{daysOverdue}}
- Annual Rate: {{interestRate}}% (The statutory rate of 8.0% + The bank of england base rate as at {{dueDate}})
- Interest Amount Payable: £{{interestAmount}}
- Recovery Fee: £{{recoveryFee}} (According to the legislation)
- Total now due: £{{totalDue}} (Assuming the debt hasn't already been paid)