PPI Reclaiming Discussion part 4

di3004

ironfairy wrote: »

:mad: can anyone please help me.I have seven loan agreements,but i only have the policy numbers for three of these,they are all the same policy numbers,is this correct ?
Will i be able to ask for a refund using only the agreement number,if not, how can i obtain the policy numbers,hoping someone can help me.cheers...

Hi there

What I done was email the bank, and they even enclosed the loan account numbers as from the mid 90's/
So if yours is a local bank you could try by calling in, or even emailing them by giving them as much info as possible to try tracking down the loan account numbers.

Give it a go, good luck.

amersall

ironfairy wrote: »

:mad: can anyone please help me.I have seven loan agreements,but i only have the policy numbers for three of these,they are all the same policy numbers,is this correct ?
Will i be able to ask for a refund using only the agreement number,if not, how can i obtain the policy numbers,hoping someone can help me.cheers...

If i read your post correct, you want the ppi policy numbers?.
If this is right,then you only need the loan agreement numbers to make a claim for mis sell,so if you have the agreement numbers that is ok.

kaladin

Does anyone know the e mail address for the CEO at Royal Bank Of Scotland please? Thanks Kaladin

amersall

[EMAIL="Stephen.Hester@rbs.co.uk"]Stephen.Hester@rbs.co.uk[/EMAIL]

Niggly_2

amersall wrote: »

Cheers again!!!!.
does this help?

from one of the ops previous posts.

The original monthly payment was £523.75 (£413.70 loan + £110.05 PPI).

Ball park figures £5k ppi off the loan from outset reduces payments from
£523.75 to £413.70

Contributions to the ppi 43 payments of £110.05 = £4732.15
Interest on payments £778
total refund to client = £5500

The bank clearly have refunded the 8% and ppi premiums paid. However clearly they need to take the ppi off the loan as they said they would in the letter. Give them 3 weeks to comply and then tell them you are off to the FOS.

If they continue to keep the ppi payments on then you will be owed 17 months payments totaling £1870 call it £2000 with interest. Thats the equivalent of £2000/413.70= 4.8 months of capital and interest payments so stop the ddm with 5 months to go saying that you have now paid up. See how they react to that.

n:mad:

amersall

Niggly wrote: »

Ball park figures £5k ppi off the loan from outset reduces payments from
£523.75 to £413.70

Contributions to the ppi 43 payments of £110.05 = £4732.15
Interest on payments £778
total refund to client = £5500

The bank clearly have refunded the 8% and ppi premiums paid. However clearly they need to take the ppi off the loan as they said they would in the letter. Give them 3 weeks to comply and then tell them you are off to the FOS.

If they continue to keep the ppi payments on then you will be owed 17 months payments totaling £1870 call it £2000 with interest. Thats the equivalent of £2000/413.70= 4.8 months of capital and interest payments so stop the ddm with 5 months to go saying that you have now paid up. See how they react to that.

n:mad:

You are a star xxxxxxxxxxxxx
Hope op comes back on to see this.

kaladin

amersall wrote: »

[EMAIL="Stephen.Hester@rbs.co.uk"]Stephen.Hester@rbs.co.uk[/EMAIL]

Many Thanks

di3004

GREAT work folks :T:T:T

ImmortalQueen

Niggly wrote: »

Ball park figures £5k ppi off the loan from outset reduces payments from
£523.75 to £413.70

Contributions to the ppi 43 payments of £110.05 = £4732.15
Interest on payments £778
total refund to client = £5500

The bank clearly have refunded the 8% and ppi premiums paid. However clearly they need to take the ppi off the loan as they said they would in the letter. Give them 3 weeks to comply and then tell them you are off to the FOS.

If they continue to keep the ppi payments on then you will be owed 17 months payments totaling £1870 call it £2000 with interest. Thats the equivalent of £2000/413.70= 4.8 months of capital and interest payments so stop the ddm with 5 months to go saying that you have now paid up. See how they react to that.

n:mad:

Hiya Niggly,

OMG - thank you for taking the time to read my posts and those of Amersall and Di3004 & everyone else who's tried to help :A

My friend getting irate at the bank telling him "there is no problem", contacted FOS and they received a letter saying it had gone back to the bank and a reply should be forthcoming shortly. I've told my friend to wait a week, but might take your advice and give them 3 wks grace. After that we were going to go to FOS.

My friend has been trying to work out how much the overpayments (they kept the original payment of £523.73) would reduce the term by. Your calculations are exactly what we've been trying to get to, being paid up by June 2012 sounds so much nicer than Nov 2012.

Just one point, whilst I'm all for stopping the ddm (direct debit mandate?) 5 months before the term date, can we actually do this as an option?? :D

amersall

ImmortalQueen wrote: »

Hiya Niggly,

OMG - thank you for taking the time to read my posts and those of Amersall and Di3004 & everyone else who's tried to help :A

My friend getting irate at the bank telling him "there is no problem", contacted FOS and they received a letter saying it had gone back to the bank and a reply should be forthcoming shortly. I've told my friend to wait a week, but might take your advice and give them 3 wks grace. After that we were going to go to FOS.

My friend has been trying to work out how much the overpayments (they kept the original payment of £523.73) would reduce the term by. Your calculations are exactly what we've been trying to get to, being paid up by June 2012 sounds so much nicer than Nov 2012.

Just one point, whilst I'm all for stopping the ddm (direct debit mandate?) 5 months before the term date, can we actually do this as an option?? :D

Glad this has helped you, i had to pay Niggly to come over here to help with this :eek::eek: dont worry i will send you a bill :rotfl::rotfl::rotfl:

Seriously though you now know the facts thanks to Niggly (he is ace,but dont tell him i said that!! :A)


Pleased to have been able to help,could not let this go without seeing it to fruition x.