PPI Reclaiming Discussion part 4

amersall

sukimia wrote: »

Hi amersall

Thanks so much for your reply:beer:

The figures below come from the credit agreement I have

Loan amount 10,000
Charge for Credit 7601.60
Monthly payment: 146.68


PPI amount: 6321.54
charge for credit: 4804.85:eek:
Monthly payment: 92.72

The total monthly payment we made was 239.40 so I guess they were charging us credit for the PPI!

Is that something I should add into the letter and let them work it out or just write that I am reclaiming the PPI?

Thanks again

just as a ball park- times the 92.72 by how many months you paid till you cleared the loan, you will get that back with the interest that was charged on top each month ( i wont be able to work an exact figure) plus 8% (no one has been on lately who is good with figures but when they do if they read your post they may be able to help you)

amersall

sukimia wrote: »

Sorry don't have settlement figure, but can get it so will try.

It was Black Horse. Letter is going off tomorrow because we have 2 loans form them to claim the PPI back from. Hope they are one of the companies who pay out OK.

when you get the settlement figure tell them you want a breakdown of each charge, not just one figure as a whole.not sure about black horse but i am sure someone who has had dealings with this company will be along to help you, were the 2 loans seperate, or was one taken out to clear the other? as this will take some working out !!

sukimia

amersall wrote: »

were the 2 loans seperate, or was one taken out to clear the other? as this will take some working out !!

You guessed correctly - one was taken out to clear the other:eek:
nightmare to work all this out I guess but I will try and get the breakdown settlement figures and post them.

Thanks SO much for your help.:A:A:A:A

amersall

sukimia wrote: »

You guessed correctly - one was taken out to clear the other:eek:
nightmare to work all this out I guess but I will try and get the breakdown settlement figures and post them.

Thanks SO much for your help.:A:A:A:A

:(:( oh dear:D:D i know you will get back the ppi you have paid from this loan, the figure your ppi was as i said before, dont worry about working this out, you need to put in your letter that this was a roll over and the account number for the first loan, that way you wont be messing about with this,if i were you i would do this as two seperate claims then you wont be messed about and you will get all the details you need. then if you win you will get ppi back from your first loan, less any rebate they gave you for the first loan, hope this helps. and you are very welcome:) any probs give us a shout:D:D:D

amersall

gaz2208 wrote: »

amersall wrote: »

hi there, yes go back to bank and tell them you want ppi paid to date and interest back (ask them how much ppi you have paid then you will know if the offer is right), if the loan is still running you also want it put back to the position it would have been without ppi. if the claims company have dropped your case then you dont have to pay them. good luck and keep us posted (perhaps the company dropped this as it was a small amount? ) i answered this on 31st march, are you no further forward?...

_______________________________________________________

Thanks for your advice, but i ended up having to go through a financial omburdsman service due to it being the banks final offer, but it does seem like a fob off offer your right...

hi there, if you went to fos they will make sure you get what you are owed, fingers crossed for you xx

amersall

sukimia wrote: »

You guessed correctly - one was taken out to clear the other:eek:
nightmare to work all this out I guess but I will try and get the breakdown settlement figures and post them.

Thanks SO much for your help.:A:A:A:A

hi there, just looked back on thread, black horse paid a few out in march this year so good luck!!

toadyfrog

A quick question on loan top-ups. I have a loan in 2003 with PPI a total of £750, we had a top up loan in 2004 which paid of outstanding on the old loan. Now when I reclaim the PPI would I only get back the year I had paid, which is about £200 or can i claim the whole amount as i had i still had to pay it all with the top up.

Also on my PPI agreement it says insured next to both our names (joint loan) so were we really both insured as I have read that normally only 1 person is insured. Also I only worked about 14-15 hours a week, does this effect it.

Thanks

di3004

MoodyBlues wrote: »

Can people still make claims if the PPI was added many years ago?

Hi there

I would certainly give it a go if you believe you were mis sold the PPI for any reason, some have been successful from reclaiming from being mis sold in the 1990's.

For more on reclaiming here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

And ask for help if required.;)

sukimia

amersall wrote: »

if i were you i would do this as two seperate claims then you wont be messed about

I've already done the letter referring to both the loans and enclosing a copy of both credit agreements because I thought that as one was used to pay off the other they would link them up together anyway.

Hope that won't make any difference.:(

di3004

sukimia wrote: »

I've already done the letter referring to both the loans and enclosing a copy of both credit agreements because I thought that as one was used to pay off the other they would link them up together anyway.

Hope that won't make any difference.:(

Hi there
This should make no difference whatsoever.
They still have to deal with them as separate matters as they were mis sold to you twice, and to what I know of they will calculate separately and minus any rebate given if any when the other loan was taken out, so no worries.
Good luck with this.;)