PPI Reclaiming discussion Part III

marshallka

di3004 wrote: »

Us neither.
I find this one confusing to be honest , Jamie was born in 1988 and Daniel 1995, we never had tax credits then I don't think ??

Was this before they changed this to CTC?

If so we did not get WTC, only CTC when that came about ??
Can you remember what year CTC came out ? (well that was the first time ever for us)

Di, its was not a tax credit, its was put on your tax code and you could earn that bit extra without paying tax.

If your hubby was at the steel works that long ago then you just ring them and ask if this was applied at the time or not. I think he was wasn't he as you would need his P60 from that time or tax reference number.

I told you about it some time ago and you said you had had it I think. You said you would mention about this to your sister....you have to have been working then and the higher earner makes the claim.

I posted it three times....

di3004

marshallka wrote: »

Di, its was not a tax credit, its was put on your tax code and you could earn that bit extra without paying tax.

If your hubby was at the steel works that long ago then you just ring them and ask if this was applied at the time or not. I think he was wasn't he as you would need his P60 from that time or tax reference number.

I told you about it some time ago and you said you had had it I think. You said you would mention about this to your sister....you have to have been working then and the higher earner makes the claim.

I posted it three times....

Arh that's right, I remember now.;)

So basically this would depend on what tax code he had at that time as well then, am I right ?
This it H, is that anything to do with it ?

That actual steelworks are not there now, as it totally closed down and liquidated, even though a new buyer came in the mid of last year, doubt they would have the details, but I think I had found a payslip from that year, will need to double check.

marshallka

di3004 wrote: »

Arh that's right, I remember now.;)

So basically this would depend on what tax code he had at that time as well then, am I right ?
This it was H, is that anything to do with it ?

I would not know that Di. The tax office that deals with his wages for the steel works would be the one that you would ring to ask about this. If you look at the form it asks for details of employment for that year. I would not now what tax codes we have now let alone anthing else...:eek: .

If you ring they will tell you straight away if its already been applied or not.

di3004

marshallka wrote: »

I would not know that Di. The tax office that deals with his wages for the steel works would be the one that you would ring to ask about this. If you look at the form it asks for details of employment for that year. I would not now what tax codes we have now let alone anthing else...:eek: .

If you ring they will tell you straight away if its already been applied or not.

Will do just in case, cheers hun.;)

I was reading over at the PAG that if an H code then it would have applied, will go and check now because think this person may work for the T office, although not sure for definate, worth ringing though, just to be sure.;)

tylerlewis

Hi all, Sorry if I'm asking you to repeat thinks or if I'm just being a dumb blonde but I really need some help with this as I have soooooo many questions but dont know where to start.

Received my letter today from HFC confirming refund and is as follows:

Having given careful consideration to the information available, we are unable to ascertain whether the policy was appropriate for your general needs at the time. I am therefore, prepared to offer you a full refund of your insurance policy plus interest charged on these premiums.(No mention of the 8% interest!)

Your account is still active which means the refund calculated will initially be used to reduce the amount outstanding on your account, the outstanding balance is accruing interest at a rate of 17.5% APR. I have calculated your refund by taking the premiums for your PPI and then adding the interest already paid. Deducting from this figure a rebate of premium which has been calculated from today date, gives you a figure of £1261.69. This is the amount you have paid towards your PPi product to date. I can confirm that at the time of writing your current settlement figure is £2770.89. Deducting your total refund amount from your current settlement figure, equates to £1509.20 which will be the amount outstanding on on your account had PPI not been applied. The below table summerises how these figures have been calculated.

Total cash price of ASU

marshallka

di3004 wrote: »

Will do just in case, cheers hun.;)

I was reading over at the PAG that if an H code then it would have applied, will go and check now because think this person may work for the T office, although not sure for definate, worth ringing though, just to be sure.;)

Do you know what the tax code was for that particular year though Di?

They will finish this on the 31st to the day as I tried after for the 2001/02 and they dismissed it (although we should have been entitled to it) cause I was late making the claim..

marshallka

tylerlewis wrote: »

Hi all, Sorry if I'm asking you to repeat thinks or if I'm just being a dumb blonde but I really need some help with this as I have soooooo many questions but dont know where to start.

Received my letter today from HFC confirming refund and is as follows:

Having given careful consideration to the information available, we are unable to ascertain whether the policy was appropriate for your general needs at the time. I am therefore, prepared to offer you a full refund of your insurance policy plus interest charged on these premiums.(No mention of the 8% interest!)

Your account is still active which means the refund calculated will initially be used to reduce the amount outstanding on your account, the outstanding balance is accruing interest at a rate of 17.5% APR. I have calculated your refund by taking the premiums for your PPI and then adding the interest already paid. Deducting from this figure a rebate of premium which has been calculated from today date, gives you a figure of £1261.69. This is the amount you have paid towards your PPi product to date. I can confirm that at the time of writing your current settlement figure is £2770.89. Deducting your total refund amount from your current settlement figure, equates to £1509.20 which will be the amount outstanding on on your account had PPI not been applied. The below table summerises how these figures have been calculated.

Total cash price of ASU

Has this account been in arrears or anything like that??

di3004

marshallka wrote: »

Do you know what the tax code was for that particular year though Di?

They will finish this on the 31st to the day as I tried after for the 2001/02 and they dismissed it (although we should have been entitled to it) cause I was late making the claim..

No not really...... .
I have sent you a PM though X

marshallka

tylerlewis wrote: »

Hi all, Sorry if I'm asking you to repeat thinks or if I'm just being a dumb blonde but I really need some help with this as I have soooooo many questions but dont know where to start.

Received my letter today from HFC confirming refund and is as follows:

Having given careful consideration to the information available, we are unable to ascertain whether the policy was appropriate for your general needs at the time. I am therefore, prepared to offer you a full refund of your insurance policy plus interest charged on these premiums.(No mention of the 8% interest!)

Your account is still active which means the refund calculated will initially be used to reduce the amount outstanding on your account, the outstanding balance is accruing interest at a rate of 17.5% APR. I have calculated your refund by taking the premiums for your PPI and then adding the interest already paid. Deducting from this figure a rebate of premium which has been calculated from today date, gives you a figure of £1261.69. This is the amount you have paid towards your PPi product to date. I can confirm that at the time of writing your current settlement figure is £2770.89. Deducting your total refund amount from your current settlement figure, equates to £1509.20 which will be the amount outstanding on on your account had PPI not been applied. The below table summerises how these figures have been calculated.

Total cash price of ASU

Also are they making you settle this loan and then take out another. If this is the case then there will be a settlement fee too and you should not have to pay this. This is no way right and you should also be entitled to what you have actually paid in the form of a cheque. The rest they are allowed to set off from what I posted the other day.

tylerlewis

Hi all, Sorry if I'm asking you to repeat thinks or if I'm just being a dumb blonde but I really need some help with this as I have soooooo many questions but dont know where to start.

Received my letter today from HFC confirming refund and is as follows:

Having given careful consideration to the information available, we are unable to ascertain whether the policy was appropriate for your general needs at the time. I am therefore, prepared to offer you a full refund of your insurance policy plus interest charged on these premiums.

Your account is still active which means the refund calculated will initially be used to reduce the amount outstanding on your account, the outstanding balance is accruing interest at a rate of 17.5% APR. I have calculated your refund by taking the premiums for your PPI and then adding the interest already paid. Deducting from this figure a rebate of premium which has been calculated from today date, gives you a figure of £1261.69. This is the amount you have paid towards your PPi product to date. I can confirm that at the time of writing your current settlement figure is £2770.89. Deducting your total refund amount from your current settlement figure, equates to £1509.20 which will be the amount outstanding on on your account had PPI not been applied. The below table summerises how these figures have been calculated.

Total cash price of ASU £952.51+
Total Interest Applied for ASU £395.31+
Cash rebate for ASU £86.13-
Current settlement figure £2770.89-

---

Amount outstanding £1509.20



I am now prepared to offer you two choices as noted below:

* You may settle your loan by paying £1509.20 by 14th Feb and therefore close your account

* Or you may open a new loan without the PPI at the APR rat of 17.5%. This new loan will be arranged over the same term as your previous loan.


Does this make sense to anyone as they havent given me the option to be paid by chq for all overpayments and they havent even mentioned the 8% interest that should be added on.

Is this a job for the FOS ????