CAN ANY ONE EXPLAIN HOW INTEREST IS CALCULATED ON A REPOSSESSION? NATIONAL HOME LOANS REPOSSESSED MY HOME 6 YEARS AGO AND HAVE ADDED 45000 INTEREST. I HAVE ASKED THEM FOR AN EXPLANATION BUT ALL I HAVE RECEIVED IS A STATEMENT OF ACCOUNT - THIS MEANS NOTHING TO ME WHATSOEVER. IT SHOWS INTEREST CHARGES FOR 6 YEARS BUT NO REPAYMENTS WE MADE AT THE TIME.(posted 8257 days ago)