We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

PPi refunded !! LOL

PoochyChoo
PoochyChoo Posts: 176 Forumite
i got the full amount of PPi refeunded today, but what still hasnt registered in my head is... loan was for 15k. with the ppi it was over 20k now the ppi refunded and the loan outstanding is 15,450 but i have been paying every month for the last 2 years???? 337.30 ? how is this ? i thought i would be down to about 13-14 when they refunded the ppi...

any ideas ?

Comments

  • hazzie123
    hazzie123 Posts: 2,755 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Congratulations!! Every penny counts,how did you go about getting your PPI taken off.I have one with my bank loan and are desperate to see if I can get it taken off.
    Debt Free Date:10/09/2007 :j :money:
  • i sent the letter i got off this site !! on the big PPI thread.. and the bank manager phoned up apologising that it was him who did it...

    still no nearer to finding out how i owe more now though...
  • Hi Poochychoo

    Well done on getting yours refunded :T I really don't understand why you owe more though :confused:

    Can I ask which bank it was with?

    I am also in the process of trying to remove mine :)
  • barclays.

    no it doesnt make any sense at all.... no payments missed... will ask for a statement tomorrow....
  • They may have refunded you the PPI premium but may well NOT have refunded the interest that they charged on it.
    Was it a case of it being miss-sold if so you should go back and ask them to do the sums again.
  • yes it was a case of being missold. the bank manager phoned me today to tell me it was a full refund, due to misold, in fact when the ppi company were queried about it they had no paperwork signed by ourselves to prove we knew about the ppi..... i didnt think about the interest on it? do you think thats what it is?
  • Yes probably.
    You should be put back in the position before any PPI was applied including interest.
  • picnic
    picnic Posts: 635 Forumite
    quick request.... ppi thread? where?? please
    Life is like a box of chocolates........
    too much all at once and you start to feel just a little sick...._ _pale_
    SW start weight 13st 3lb
    SW currant weight 12st 8lb
    SW weight lost 0st 9lbs
  • hazzie123
    hazzie123 Posts: 2,755 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    picnic wrote:
    quick request.... ppi thread? where?? please

    I`ve just asked the same question on the DFW thread!

    I`ll post here if I get lucky on there.
    Debt Free Date:10/09/2007 :j :money:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.