PPI Reclaiming discussion Part III

kazc_2

I'm good thanks how are you ?

We received the SAR from Nemo last week but they didn't send any recordings of our telephone conversations. I have since written back requesting them (if they have any!!) but I only thought about it today - Would they still honour the rebate we were offered last year if we are unsuccessful with this claim ?

lilylump

I presume it was unregulated as it over £25k

di3004

kazc wrote: »

I'm good thanks how are you ?

We received the SAR from Nemo last week but they didn't send any recordings of our telephone conversations. I have since written back requesting them (if they have any!!) but I only thought about it today - Would they still honour the rebate we were offered last year if we are unsuccessful with this claim ?

Hi Kaz

Please remind me when the sale of the loan was?

Now come to think of it I am sure the recordings were sent to me separately.
It was Nemo that actually arranged this loan for you wasn't it hun and not a broker ?


Sorry if you have confirmed this before, this loan is still active then?
The rebate I know is less as time goes on. (such as after the cooling period, but
was it because they offered you a rebate then ?

Hopefully you will be successful with your complaint, both myself and another member Laini were not actually successful directly with Nemo, but we were when it was resolved within the FOS, if yours were not successful, I would definately go this direction.;)
Just keep at them.

Did you give them a timescale for the recordings hun ?

Just need a little reminder lol, cheers.;)

kazc_2

The loan was paid off last year and when we asked for a rebate they offered us £447 . We took the loan in feb 2007and it was arranged by Nemo.

marshallka

lilylump wrote: »

I presume it was unregulated as it over £25k

Yeah, if it was over 25K then its an unregulated loan.

di3004

kazc wrote: »

The loan was paid off last year and when we asked for a rebate they offered us £447 . We took the loan in feb 2007and it was arranged by Nemo.

Blimey that is very low.....:eek: , I would go for the full whack of what your owed hun regarding your complaint...obviously this is what your trying for lol X

Pm'd you back.;) Cheers X

Turboman

Marshallka

Thankyou re Re your figures

1) Was the interest rate and payments constant?-if not what was the recent months monthly payment?
2) What was the final outstanding balance on your statement BEFORE the various settlements?

AS you know, in my earlier post, I simulate mathametically using the Compound Interest Formulae the actual statements you receive. I have reconciled with Halifax & FP statements exactly to date on some previous cases.

In the usual scenario, the PPI Premiums + 8% are refunded & the balance (at line 19 written off)---ie THE complete PPI .

Then if a settlement is required, they should then just calculate the additional penalty to add on to the Advances Balance (in your case done with "backtracking" with Rule 78 (dressed up as "rebates")

With yours, they have calculated settlement figures as if you hadn't been mis-sold yet and THEN tackled it as mis-sold. Mathematically totally illogical!--unless there was a time period between Settling(paying it all off)and then the mis-sold agreement accepted?

Whether they have "ripped you off" or "to your advantage"-I don't know yet--but its like a red rag to a bull with me and I HAVE to understand why they have done it that way.

It will obviously balance with their explanations--but I pose the question--was it right to do it this way?

Got Flu again so retiring--hope to be fit tomorrow.

Take care hun :kisses: :kisses:

kazc_2

Thanks Di x

di3004

kazc wrote: »

Thanks Di x

With pleasure.;) X

Incipience

Just speaking to a barrister a moment ago and it occurs to me, what the hell are we all claiming back PPI for?

I have an important call to make tomorrow morning that if it turns out to be true, I would hang up my ppi claim. And still get all the premiums back plus more..!!!

Stay Tuned..