PPI Reclaiming discussion Part III

booi666

di3004 wrote: »

Blimey, I have not lived.......:eek: , I really must think about having a break abroad sometime in my life......:o , everyone I know have gone to Cyprus, my in-laws go every year, my sisters and to Tenerife etc, but not me

Get ursen off di you'll love it:cool:

marshallka

booi666 wrote: »

Yes it is marsh,

And quote me if im wrong if i would get it all back then £45 ppi p/m x24 months ive been paying it is £1080 i should get bk roughly,

All i want to do is get my ppi bk that ive paid pay it off my balance,keep my payments as they are at £257 and get it paid off quicker than the dec 2010 end date it is now,

Does this make sense,

And next you'll be wanting my hand in marriage:rotfl: :rotfl:

LOL...

You would (if missold) get back the PPI and the interest and 8% statutory interest too. They do this by looking at the loan you had (without the PPI) and look at what you paid against it (again without the PPI) and then take the balance as if you settled at that date (whatever that is!!).

They then look at what you actually have paid with the PPI and what your settlement is to that date with the PPI and take one from the other. This would give you the amount of the refund and then they would redo the loan again. I assume if you want it all taking off the loan and to keep your repayments the same then this would be paid off much sooner but cannot say just how much sooner.

The APR should stay the same too.

marshallka

nutmeg wrote: »

3rd loan 08/04/04
cash loan 6,500
total charge for credit for cash loan 1,824.40
total amount you pay for cash loan 8,324.40
insurance loan 1,460.03
total charge for credit for ins loan 410.03
total amount you payfor insurance loan 1,870.20
APR 9.9%
monthly interest 0.739%

Nutmeg, what are you wanting to know on this one??

booi666

marshallka wrote: »

LOL...

You would (if missold) get back the PPI and the interest and 8% statutory interest too. They do this by looking at the loan you had (without the PPI) and look at what you paid against it (again without the PPI) and then take the balance as if you settled at that date (whatever that is!!).

They then look at what you actually have paid with the PPI and what your settlement is to that date with the PPI and take one from the other. This would give you the amount of the refund and then they would redo the loan again. I assume if you want it all taking off the loan and to keep your repayments the same then this would be paid off much sooner but cannot say just how much sooner.

The APR should stay the same too.

I mite ring them 2moz and ask them all this and get back to you,

Im waiting for the report to come through so i know what im dealing with re the ppi:eek:

booi666

di3004 wrote: »

Blimey, I have not lived.......:eek: , I really must think about having a break abroad sometime in my life......:o , everyone I know have gone to Cyprus, my in-laws go every year, my sisters and to Tenerife etc, but not me

Pennies just dropped,

Get a credit card,book ur hols then when you return ill get you out of the cc contract:rotfl: :rotfl: :rotfl:

nutmeg

marshallka wrote: »

Nutmeg, what are you wanting to know on this one??

the insuance was cancelled on this one about two years in
i am still paying it
fiishes in june this year

marshallka

nutmeg wrote: »

the insuance was cancelled on this one about two years in
i am still paying it
fiishes in june this year

So when you cancelled did you get some rebate back??? Did the loan repayments reduce etc...?

booi666

Rete peeps,

I hate goodbye's but gotta be up at 5, so im chipping off to bed now,

Ill probably log in around 5 to see if i've missed owt :rotfl: :rotfl:


I take it di and marsh are doing the night shift:eek:

Enjoy your evening ladies.

c ya:grouphug:

nutmeg

still paying loan that is. when i cancelled it i never recieved any rebate

di3004

booi666 wrote: »

Pennies just dropped,

Get a credit card,book ur hols then when you return ill get you out of the cc contract:rotfl: :rotfl: :rotfl:

Another credit card.........:eek: , I have problems dealing with this one now that is with the FOS.....:rotfl: :rotfl: , it was 2004 I paid the whole lot of it off and that was a few grand of it, and even though they still send them to me and I have wrote to them many times to cancel, they still send them to me......:mad: , I think they hope it will tempt me, but they not got a chance in h*LL, they are torn to bits as soon as they arrive in the post......:D