Help With Calculating FirstPlus PPI

brand_no_7

Hi,

I have read nearly all the very helpful comments on PPI but my maths may be letting me down as i am having difficulty calculating the necessary figures for a PPI reclaim from FirstPlus.

I would be grateful if someone (especially who has had a similiar FirstPlus loan) could guide me through the calculations so i ensure my calculations are correct.

The loan began in August 2003 for £55,000
The PPI was £13,469.50
Monthly Interest Rate 0.889% Variable
APR - 10.9% Variable
Monthly Payments - 300

I did get a PPI rebate but now left with 20 years left to run with no cover and i am certain i had not cleared the PPI in that 5 years

Would be very grateful if someone could explain what i am entitled to claim for and give me some rough calculations.

Many Thanks

Mark