PPI Reclaiming Discussion part 4

RedFox_2

di3004 wrote: »

Hi and yes that is what I mean.:j;):beer:X

Wonderful, thanks guys you really are amazing for all the help & advice you give everyone on here!

:A

amersall

Thebiker wrote: »

Thanks for the explanation amersall, I understand what you are saying, so I think I am going to accept the offer on these 2 and then take the other 3 to the FOS. drinks are on me:beer:

:beer:Cheers mines a moet:p a full bottle:cool:
Keep us posted on the other 3, good luckxx

di3004

Hi folks

Been signed off for a while today....lots on, back for a few mins......:D

I have been having some prbs with the thanks button though.....:eek:

di3004

Hi folks

Been signed off for a while today....lots on, back for a few mins......:D

I have been having some prbs with the thanks button though.....:eek:

amersall

Thebiker wrote: »

Thanks for the explanation amersall, I understand what you are saying, so I think I am going to accept the offer on these 2 and then take the other 3 to the FOS. drinks are on me:beer:

Just had a thought, take the money and run, loan 5 is in default but they are giving the money back to you and not taking it off the loan
RESULT:D:D just give them your current bank details and it will go into that account xx

lush1

robbedofmymoney wrote: »

i can do some maths for you but i will need to know the following additional information

which month did each loan start and finish,
and did you recieve any rebate of ppi premiums upon settlement/refinancing of the loans

cheers

hi thanks for offering to have a look for me.....really dont understand it myself.
LOAN1
2000.00 LOAN
562.44 INS
75.00 ARRANGMENT FEE
..........
2637.44 TOTAL FINANCED APR 43.6

18 MONTHLY INSTALLMENTS OF £187.25
!ST PAYMENT MADE ON 21/01/02
I PAID 7 PAYMENTS= 1310.35 THEN REFINANCED

LOAN2
1988.50 LOAN
1711.50 RE-FINANCED
100.00 ARRANGMENT FEE
...........
3800.00 TOTAL FINANCED APR 42.0%

24 MONTHLY PAYMENTS OF £217.67
1ST PAYMENT MADE ON 30/08/02
( NO PPI ON THIS LOAN UNLESS ITS IN THE REFINACED BIT)
I PAID 8 PAYMENTS = 1741.36 THEN REFINANCED

LOAN3
1569.24 LOAN
3130.76 RE- FINANCED
790.71 PPI
100.00 ARRANGEMENT FEE
..............
5590.71 TOTAL FINANCED 37.2 APR

30 MONTHLY INSTALMENTS OF £268.26
1ST PAYMENT MADE 14/04/03
I PAID 16 PAYMENTS = 4560.42 THEN RE-FINANCED


LOAN4
2336.98 LOAN
3163.02 RE FINANCED
100.00 ARRANGMENT FEE
.............
5600.00 TOTAL FINANCED APR 27.7%

36 MONTHLY PAYMENTS OF £217.75
1ST PAYMENT MADE 30/08/04
( NO PPI ON THIS ONE)
I PAID 11 PAYMENTS = 2395.25 THEN RE FINANCED

LOAN 5
1518.51 LOAN
4481.49 RE FINANCED
...........
6000.00
100.00 ARRANGMENT FEE
...........
7750.56 TOTAL PAYABLE 29.2 APR

24 MONTHLY PAYMENT OF £322.94
1ST PAYMENT MADE 01/08/05
I MADE 11 PAYMENTS = 3552.34 THEN RE- FINANCED

LOAN 6 ( FINAL)
1874.70 LOAN
4125.30 RE FINANCED
309.00 PPI
...........
6309.00
115.00 ARRANGEMENT FEE
.........
7781.52 TOTAL PAYABLE 23.2 APR

24 MONTHLY PAYMENTS OF £324.23
1ST PAYMENT MADE 01/07/06
I MADE 24 PAYMENTS = 7781.52

SO FAR THEY HAVE WROTE AND OFFERED ME £ 309.00 PLUS £80.14 INTEREST WHICH RELATES TO THE FINAL LOAN.
COULD U ADVISE IF THIS IS CORRECT??????
STILL WAITING TO HEAR ON OTHER 2 OF THE LOANS THAT HAD PPI ON THEM BUT IM CONFUSED AS I CANT WORKOUT HOW THE REFINANCED FIGURES WERE CALCLUATED AND WHETHER ANY REFUND HAS BEEN GIVEN OR IF PPI IN INCLUDED IN REFINCED FIGURES.

YOUR HELP WOULD BE MUCH APPRECIATED
THANKS

PS I ONLY HAVE 4 DAYS TO SEND BACK ACCEPTANCE FORM FOR £389.14 !!

robbedofmymoney

lush1 wrote: »

hi thanks for offering to have a look for me.....really dont understand it myself.
LOAN1
2000.00 LOAN
562.44 INS
75.00 ARRANGMENT FEE
..........
2637.44 TOTAL FINANCED APR 43.6

18 MONTHLY INSTALLMENTS OF £187.25
!ST PAYMENT MADE ON 21/01/02
I PAID 7 PAYMENTS= 1310.35 THEN REFINANCED

LOAN2
1988.50 LOAN
1711.50 RE-FINANCED
100.00 ARRANGMENT FEE
...........
3800.00 TOTAL FINANCED APR 42.0%

24 MONTHLY PAYMENTS OF £217.67
1ST PAYMENT MADE ON 30/08/02
( NO PPI ON THIS LOAN UNLESS ITS IN THE REFINACED BIT)
I PAID 8 PAYMENTS = 1741.36 THEN REFINANCED

LOAN3
1569.24 LOAN
3130.76 RE- FINANCED
790.71 PPI
100.00 ARRANGEMENT FEE
..............
5590.71 TOTAL FINANCED 37.2 APR

30 MONTHLY INSTALMENTS OF £268.26
1ST PAYMENT MADE 14/04/03
I PAID 16 PAYMENTS = 4560.42 THEN RE-FINANCED


LOAN4
2336.98 LOAN
3163.02 RE FINANCED
100.00 ARRANGMENT FEE
.............
5600.00 TOTAL FINANCED APR 27.7%

36 MONTHLY PAYMENTS OF £217.75
1ST PAYMENT MADE 30/08/04
( NO PPI ON THIS ONE)
I PAID 11 PAYMENTS = 2395.25 THEN RE FINANCED

LOAN 5
1518.51 LOAN
4481.49 RE FINANCED
...........
6000.00
100.00 ARRANGMENT FEE
...........
7750.56 TOTAL PAYABLE 29.2 APR

24 MONTHLY PAYMENT OF £322.94
1ST PAYMENT MADE 01/08/05
I MADE 11 PAYMENTS = 3552.34 THEN RE- FINANCED

LOAN 6 ( FINAL)
1874.70 LOAN
4125.30 RE FINANCED
309.00 PPI
...........
6309.00
115.00 ARRANGEMENT FEE
.........
7781.52 TOTAL PAYABLE 23.2 APR

24 MONTHLY PAYMENTS OF £324.23
1ST PAYMENT MADE 01/07/06
I MADE 24 PAYMENTS = 7781.52

SO FAR THEY HAVE WROTE AND OFFERED ME £ 309.00 PLUS £80.14 INTEREST WHICH RELATES TO THE FINAL LOAN.
COULD U ADVISE IF THIS IS CORRECT??????
STILL WAITING TO HEAR ON OTHER 2 OF THE LOANS THAT HAD PPI ON THEM BUT IM CONFUSED AS I CANT WORKOUT HOW THE REFINANCED FIGURES WERE CALCLUATED AND WHETHER ANY REFUND HAS BEEN GIVEN OR IF PPI IN INCLUDED IN REFINCED FIGURES.

YOUR HELP WOULD BE MUCH APPRECIATED
THANKS

PS I ONLY HAVE 4 DAYS TO SEND BACK ACCEPTANCE FORM FOR £389.14 !!

can you confirm if there were any rebates of ppi on early settlement, as it makes a difference to what the starting balance of the refinanced loans should have been.

with regards the offer on the final loan, how is it worded, will they also refund you the interest that has been applied to the ppi element of th eloan

cheers

amersall

Thebiker wrote: »

Thanks for the explanation amersall, I understand what you are saying, so I think I am going to accept the offer on these 2 and then take the other 3 to the FOS. drinks are on me:beer:

Hi again, just a thought, have you any paperwork with the settlement figures on for the 3 loans they rejected? as i won a mis sell for 2 loans with barclays this year that were settled in 2005, but were taken out in 2003, i was paid up just on these settlement figures!!! no other info just the settlements.

southend

amersall wrote: »

see above
you only paid 4 months ppi on this loan so you will get this back plus interest less any rebate they gave you
the figures they have given you seem right to me , ask for an actual breakdown of the settlement figures for these 2 and you will get a better idea
as i said before you only get ppi back you have paid, yes they take interest when you settle but that is how it works, the loan you paid 4 months ppi on will have had a rebate of ppi and interest, as it was only going a short time that is why you paid more back

Amershall does make sense

When you send your this letter back, make sure it is by special delivery at the post office. You will get a reciept, guarenee next day delivery by 1.pm, you can trace it over the net, keep receipt as proof of postage. Cost just over about £5.00, don't want any excuses! This one is NOT guarenteed if you send it on a Friday, but is the cheapest next day guarentee. They do have other options though - cost a lot more, apart from recorded - not guarenteed next da (cheaper).

I wish you the best

lush1

robbedofmymoney wrote: »

can you confirm if there were any rebates of ppi on early settlement, as it makes a difference to what the starting balance of the refinanced loans should have been.

with regards the offer on the final loan, how is it worded, will they also refund you the interest that has been applied to the ppi element of th eloan

cheers

Hi it doesnt say on my paperwork anywhere that i have been refunded any ppi and i certainly wasnt given a cheque for it when new loans taken. Im not sure how they work out settlement figures tho so dont know if refund in this figure ? As for offer they have made it says they will offer 309.00 premium plus
80.14 interest at 23.2 % total 389.14. Cheers