PPI Reclaiming discussion Part III

marshallka

tylerlewis wrote: »

Im so confused my heads spinning

Don't try to understand tyler, my head is also spinning. I don't know what turbo is doing but will leave to get on with it...sorry cannot help without the other figures but it seems turbo is going to work these out for you.

I would love to see how with only the figures you have posted though....

booi666

what happened to the maintenance?

marshallka

booi666 wrote: »

what happened to the maintenance?

11 oclock Boo...;)

marshallka

Right going to go offline now. My head is spinning from this as well. I hope turbo works it all out .... lol

I always thought on a settled loan (and still do:D ) that the amount you settle with matters. Turbo would disagree here... it seems. I have posted from the FOS but if they are wrong then I argued this and have all the emails of my arguing it and the replies perhaps I could make a complaint:eek: (just kidding cause I know and understand how they were worked out now.) The settlement you actual paid does matter in working the refund..;)

Sorry Turbo - we will have to agree to disagree here....;)

marshallka

Night all...;)

marshallka

tylerlewis wrote: »

Just found agreement for 2nd loan

Amount of credit for PPI £627.09
Interest on PPI £475.95
Total £1103.04

Amount of credit £2500
Interest on credit £1897.28
Total £4397.28

Cant find details on 1st loan.

Di, at the time that tyler posted tyler had only mentioned one loan... I did not know of the other til after...I assumed that the first was paid off for the second loan after she posted this...

booi666

marshallka wrote: »

11 oclock Boo...;)

Bloody hell,

Ive been watching most haunted and now im cacking my knickers:eek:

booi666

marshallka wrote: »

Night all...;)

Good night marsh;)

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.

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 ????

This was the first post from tyler tonight...only mention of ONE loan...

booi666

di3004 wrote: »

pmsl.......:rotfl: :rotfl: , you big baby lmao :rotfl: :rotfl: , I love that programme, I used to watch that most nights, lights out as well lol

Yeah but ur hard:rotfl: