PPI Reclaiming discussion Part III

di3004

dreamer33 wrote: »

Just called the FSA he said that I should seek legal advice as the evidence I have ie telephone call saying "right the thing is if you can't afford the ppi I don't think you will be looking at the loan there basically" is strong evidence.

I want to cry

Oh honey...... I want to cry for you, its so maddening........:mad:

marshallka

di3004 wrote: »

Now yours is an horrific amount, its disgusting......:eek: , I am still trying to learn the same time though but your right what you said about mine, just feel a bit silly really on mine because hamilton may just have a giggle about this.......:o

I have just had a though too, these amount that I calculated are on the whole of the PPI amount...

I wonder if I calculate again the unused PPI (yours being 2835 divide by 60 47.25 x 16 = 756 is what you should have paid for 16 months and then take off the settlement rebate of the PPI 1533.69 and this is the amount you were overcharged being 545.31

mine was 4163 divide by 60 = £69.38 and then x 39 months we had it £2705.99 so 4163 - 2705.99 - rebate 91.94 = 1365.07 overcharged. I know that they say 78% pro rata so 78% of that is 1064.75...

This is more like the arguments if we have any at all....

marshallka

dreamer33 wrote: »

Just called the FSA he said that I should seek legal advice as the evidence I have ie telephone call saying "right the thing is if you can't afford the ppi I don't think you will be looking at the loan there basically" is strong evidence.

I want to cry

Why do you want to cry Dreamer, you have been told its strong evidence....

Be strong and get a court case going...:mad:

di3004

marshallka wrote: »

I have just had a though too, these amount that I calculated are on the whole of the PPI amount...

I wonder if I calculate again the unused PPI (yours being 2835 divide by 60 47.25 x 16 = 756 is what you should have paid for 16 months and then take off the settlement rebate of the PPI 1533.69 and this is the amount you were overcharged being 545.31

mine was 4163 divide by 60 = £69.38 and then x 39 months we had it £2705.99 so 4163 - 2705.99 - rebate 91.94 = 1365.07 overcharged. I know that they say 78% pro rata so 78% of that is 1064.75...

This is more like the arguments if we have any at all....

I really have not got a clue but yours Marshallka is terrible, they have certainly ripped you off big time I know that.......:mad:

di3004

Did I add this here before which I found on the papework, I know I posted so much on here but cannot remember what altogether......:rolleyes: (Endeavour).

"EARLY REPAYMENT:
You have the right to settle this Agreement early by paying to us any unpaid reasonable costs, charges and expenses debited to your account and the balance of your Total Indebtedness (which will include , for this purpose , future interest calculated at the rate applicable at the time of the settlement quotation which would be payable under this Agreement, if this agreement were to continue unaltered, and without being settled early, until all sums owed under this Agreement are paid to us) less upon payment in full, a Rebate (if any) calculated in accordance with the Consumer Credit (Rebate on Early Settlement) Regulations 1983 as amended or re-enacted from time to time.
We will provide a settlement statement upon written request being made to you.

Without prejudice to your right to repay the whole Loan early, you may be allowed to repay part only of the loan other than the Monthly instalments set out overleaf, (or by any new Monthly Instalments notified to you by us under the terms of the loan condition 3 above), upon such terms as to settlement interest that we specify.
..........................................................................................................................

di3004

marshallka wrote: »

Why do you want to cry Dreamer, you have been told its strong evidence....

Be strong and get a court case going...:mad:

Hope your okay now dreamer and we can understand how frustrating this is for you..... , but hun we are here for you all the way, you keep your chin up hun and like Marshallka says stay strong and go for it, it may be well worth your while and less hassle.;)

marshallka

Di, you have to remember that i have done both yours and mine calculations on the PPI total (without interest) but still the whole amount!!!

This means that we were both charged the full amount of PPI (without interest being charged on top)...

Although the settlement is then worked out on the whole amount and rebated against the whole amount (and my PPI was rebated using rule 78 like wht tron_ess says so that is where that extra £1400 comes from)??

I think we have all been confused by tiggrae here with unfair rebates....

marshallka

di3004 wrote: »

Did I add this here before which I found on the papework, I know I posted so much on here but cannot remember what altogether......:rolleyes: (Endeavour).

"EARLY REPAYMENT:
You have the right to settle this Agreement early by paying to us any unpaid reasonable costs, charges and expenses debited to your account and the balance of your Total Indebtedness (which will include , for this purpose , future interest calculated at the rate applicable at the time of the settlement quotation which would be payable under this Agreement, if this agreement were to continue unaltered, and without being settled early, until all sums owed under this Agreement are paid to us) less upon payment in full, a Rebate (if any) calculated in accordance with the Consumer Credit (Rebate on Early Settlement) Regulations 1983 as amended or re-enacted from time to time.
We will provide a settlement statement upon written request being made to you.

Without prejudice to your right to repay the whole Loan early, you may be allowed to repay part only of the loan other than the Monthly instalments set out overleaf, (or by any new Monthly Instalments notified to you by us under the terms of the loan condition 3 above), upon such terms as to settlement interest that we specify.
..........................................................................................................................

Yeah, its the normal for every one of these agreements before 2005...

di3004

marshallka wrote: »

Di, you have to remember that i have done both yours and mine calculations on the PPI total (without interest) but still the whole amount!!!

This means that we were both charged the full amount of PPI (without interest being charged on top)...

Although the settlement is then worked out on the whole amount and rebated against the whole amount??

I think we have all been confused by tiggrae here with unfair rebates....

It has been very confusing....... , and I have not got a clue with figures anyway, but once they have been calculated I can see where your coming from, I try to take it in and think "what am I complaining about"?:eek: , mine is nothing compared to others and especially yours hun.

masmit

hi, this my first message, could anyone give me advice on a claim on misold ppi. the company blackhorse personel finance. i have sent first letter, recieved response rejecting claim. sent second letter waiting for response.
they are a part of Lloyds tsb but you go to them when your credit rating not so good rejected by mainstream banks, have higher interest rate they now your situation preying on it, making you believe ppi is compulsary to get a loan. i have had a bad year no work [bicklayer] & have not been able to make payments obviously ppi no good in my case,thats why didnt want it in first place felt it was compulsary. has any one had any deelings with them & any knowledge to speed things up. in real hardship at the moment. looking for advice bought me to this site & knowing now about ppi this company owes me thousands which would keep the wolves from the door including them.
could i go sraight to the FOS to stop them dragging there feet.
help please.