Free Interest Checking Software from the Internet

BCAR of Oxford web site offers free interest checking software; loan calculator catches overcharges by banks and lending institutions.

BCAR Limited of Oxford have announced a new web site. The web site offers interest checking software completely free. The software, I-TPRO, can be downloaded completely free from www.interest-tracker.co.uk.

The software has been under continual development over the past six years. BCAR claim it is now state-of-the art. Reports generated by the software have been accepted by all the High Street banks who have made substantial refunds to many UK companies.

Loan Calculator Software Catches Interest Overcharges Free

There has been heavy media reporting in recent times about mistakes resulting in substantial interest overcharging by banks and lending institutions.

As a result several auditing firms have sprung up offering to check accounts. Costs vary from commission only on the refund to quite substantial fees. All these firms need to have statements for the audit period together with associated correspondence. Not everyone is willing to provide copies of such confidential documents. I-TPRO enables everyone to check their interest charges in total privacy and with complete confidentiality. From financial controllers of blue chip companies to the normal houseowner with a mortgage. Everyone can make valuable use of this free software which takes only about two minutes to download with a 56k modem.

It is claimed that the software can handle any type of interest check. Fluctuating rate or fixed rate tracking on bank loans, overdrafts, mortgages or deposit accounts. Checking cleared balances, consolidating several accounts, calculating consolidation charges, hard core borrowing charges. All are said to be no problem.

The user can reset the start date and check charges going back to the date of the first statement. This powerful software can also check five debit interest tiers simultaneously and cope with interest on credit balances (if you are so lucky) at the same time.

Chartered Accountants, especially, will find the software extremely useful.

At the end of each charging period you simply press a key on your keyboard. The software then tells you whether you have been overcharged or undercharged during that period.

Where's the catch?

There does'nt seem to be one. If you are happy to take the matter no further, there is absolutely no cost involved.

What's in it for BCAR? They believe that by providing the software free they will obtain additional business for their comprehensive audit services and multiple regression (MR) report production. If they do, it appears that everyone's a winner. A rare prospect in this day and age.

If you require technical support for the software you will need to register your copy of the software at a cost of £99.88 including VAT. Likewise if you need to obtain a multiple regression (MR) report compounding the effect of past overcharging you will need to send your data files to BCAR for additional processing. All details are obtainable from the web site.

MR reports covering any length of period also cost £99.88 including VAT.

Complete details are available on the website, www.interest-tracker.co.uk,. There is a search engine on the site to save time on line.

Free interest checking software from the Internet.

February 2002

Loan Calculators -- Now Available for Interest Checking as Free Software

Understanding how your bank or lending institution charges its loan interest affects your financial future and is the key to smart loan management. Incorporating a review of your loans into your financial planning is also one of the best ways to make sure your banks and lending institutions meet your expectations --especially when those goals involve major purchases, and you're shopping for a loan with the lowest interest terms possible.