PPI Reclaiming discussion Part III

marshallka

NickProv wrote: »

Thanks.

I started the loan in Oct and as stupid as it sounds didnt realise it was on a variable rate, my monthly payments started out at £490.29 I know pay Jan 08 £615.26.
The other thing they said on the reply letter was they would give me £2721. back but would take it off the loan, can they do that??

Sounds to me that they have offered a pro rata refund and they take this off the loan and cancel the insurance and this is not the same as misselling.

As regards "can they take it off the loan" then others on here will say different and its up to you what you believe to be true but I would say like I have posted in the which report on PPI misselling that they can not take what you have psysically paid out of your own pocket off the PPI and interest on the ppi (this is money you have been deprived of) but the rest they can when they redo the loan. This would mean a repayment to you of what its actually cost you and then the loan redone to calculate what is still owing on the PPI and interest and taking this amount from it.

Like I say that is my understanding of it.

booi666

dreamer33 wrote: »

Love the words boo lmao what are you like man.

At least they didn't steal ya cheque

Hiya Dreamer

Its not like them not to steal my money:rotfl: :rotfl:

God gotta start all over again:mad:

lalina_2

oscar52 wrote: »

lalina - was this an A&L loan affected by the misselling Jan 05 to Dec 07?

My final response was only recieved today - after 12 weeks!

Yes this was an A & L loan I took out in oc 2006 with PPI on top

marshallka

di3004 wrote: »

I did read that and though OMG.......:eek: , it got me thinking then, but still what 10past6 said is safe enough.;)

Meaning Di...

Oh you have changed it now>......you had my name there...

booi666

di3004 wrote: »

I did read that and though OMG.......:eek: , it got me thinking then, but still what 10past6 said is safe enough.;)

I dont feel half as bad now i know yu read it di,

And yes its a brill idea from the time teller:rotfl: im going to do that:D

dreamer33

booi666 wrote: »

Hiya Dreamer

Its not like them not to steal my money:rotfl: :rotfl:

God gotta start all over again:mad:

Well at least you only have to sign and then pop it back in the post. Its only extended the time but the 8% interest would have increased too lol

di3004

marshallka wrote: »

Meaning Di...

what I mean is......copying other people's sigs, scary/shocking......:eek: , at the time of reading it anyway.

di3004

booi666 wrote: »

I dont feel half as bad now i know yu read it di,

And yes its a brill idea from the time teller:rotfl: im going to do that:D

Can you remember where this was on the forum hun?

The member then perhaps who posted this ?;)

booi666

dreamer33 wrote: »

Well at least you only have to sign and then pop it back in the post. Its only extended the time but the 8% interest would have increased too lol

I like the sound of that dreamer baby:rotfl: :rotfl:

lalina_2

dreamer33 wrote: »

Hello

I would of got your SAR from them first. Have you posted you complaint yet?

The thing is you will have to wait 40days for your SAR

No haven't posted complaint yet - was waiting ot hear what you all thought about requesting a SAR now after complaining to A & L. Cannot just request a SAR while my initial case is being looked at by A & L and soon Ombudsman or does this look badly on my side?