Paying Off Rent Arrears
Decreasing principal sum · how many payments it takes to clear what you owe, with interest
Summary This tool is to help tenants figure out a fair instalment plan when they fall behind on rent. If your landlord or a court applies statutory interest to your debt, you should only pay interest on what is actually left to pay — not the original lump sum. This calculation tracks that shrinking balance payment by payment: put in what you owe today and what you can pay each time, and it works the balance down until it reaches nil.
Nothing you type is stored or sent anywhere. Close the page and it is gone.
Payments to clear it
0
Cleared on
—
Interest added
£0.00
Total you will pay
£0.00
How it is worked out. A decreasing principal sum. At each payment date, simple interest at 0% a year is added for the days since the last date (balance × rate × days ÷ 365). The payment clears that interest first and the rest comes off the balance, so the next period's interest is charged on a smaller sum. Interest is never charged on interest. The last payment is only what is left.
Repayment plan — one line per payment
| # | Date | Days | Balance before | Interest added | Paid | Balance after |
|---|
Prepared with the Savvy Renter arrears repayment calculator (savvyrenter.co.uk, decreasing principal sum) on . Figures only. Nothing entered here is stored or sent anywhere. · Data sources & licences
Questions renters ask: I've been sent an arrears warning but I've paid my rent. What should I do? · I've been given a section 8 notice. Do I have to leave by the date on it? · How much can a landlord charge me for paying rent late? · Can I stop paying rent until my landlord fixes things? · all questions