Cancelling PPI CAN BE DONE!!!!!

EthelBloggs

Old_iron_balls wrote:

WOW now that is a result :beer:

have no idea if they would agree to a cheque.
id be tempted not to rock the boat and just see how they deal with it. unless its a substantial ammout more.

either way. well done and good on you.
looking at your sig your well on your way to becoming DF

Thank you Iron Balls

Well........... I called them up and explained the amount outstanding on the loan is now only £732 and the amount of the refund is £1406 + interest and the person I spoke to said it would be much easier if they just credited my current account with the money and would send me a new agreement letter. This arrived this morning with a note to say that if I opted to have the money credited to my account rather than the loan then no interest would be applicable. The greedy side of me wants to whine and complain about it but the realistic side says be thankful for getting anything at all and leave it at that.. what do u guys reckon?


Also.... Today is the day I should start the court proceedings against LTSB for the refund of charges.. I reckon now I'll be debt free by the end of June if all goes to plan :D:D:D

shazzer22

well done, thats really good news! good luck with claiming back your charges too!

EthelBloggs

Thank you am currently filling in the particulars for the court claim

I think it takes about 4-6 weeks from submission which is why I'm reckoning the end of June

eddie_2-2

Anyone else had any experience with halifax and cancelling PPI?
So far they are refusing to budge for me.

aquataine

Hi all,

I want to cancel the PPI on an Egg loan i have,
could one of you guys email me the letter template to

leo_R_26@yahoo.co.uk

Also, would I get a refund on the payments I have already made to the PPI?



Thanks!

pompeyblue

hi i wrote to natwest and requested that my PPI be canceled. Today i received a reply stating that it has been canceled. Dint expect it to be that easy! but the repayment hasnt gone down very much.
on my origional loan paperwork it has these figures..

monthly repayment £198.82, comprising main loan repayments £159.59
insurance loan repayments £39.23

having canceled my insurance my payments have gone from £198.82 down to £183.98. surely it should have gone down to the main loan amount of £159.59??
any thoughts on this would be appreciated
thanks
mark

Katyag

Im not an expert but maybe they havent taken off the insurance interest. I know when we got out PPI back we got it plus interest.

pompeyblue

right, so if they have not taken off the insurance interest, should they?
thanks

Katyag

Well they did for us and many others on here so i guess they ought to. Im sure someone with more knowledge will be able to help more.

nej

pompeyblue wrote:

hi i wrote to natwest and requested that my PPI be canceled. Today i received a reply stating that it has been canceled. Dint expect it to be that easy! but the repayment hasnt gone down very much.
on my origional loan paperwork it has these figures..

monthly repayment £198.82, comprising main loan repayments £159.59
insurance loan repayments £39.23

having canceled my insurance my payments have gone from £198.82 down to £183.98. surely it should have gone down to the main loan amount of £159.59??
any thoughts on this would be appreciated
thanks
mark

I had the exact same thing! My payment went from £379 to £370. I wrote back asking them to explain exactly how this was calculated. I was not given a seperate PPI figure, but could work it out based on the APR and the loan amount and term, and it was something like £50 without interest and £75 with.

Three weeks later and still hadn't got a reply back so I wrote a very irate letter back to them and sent it recorded. They havent' refunded the premiums yet either, they keep just ignoring that part of my request.