PPI Reclaiming Discussion part 4

amersall

Hi there, well done on your win.

If they have offered you full redress then accept,this should be a refund of ppi and interest and the 8%.

milly456

Hi,

firstly thank you thank you thank you :-) I have just received an offer from NRAM for a policy PPI that I had, and without this site I would have had no idea what to do. Martin for PM!

Could somebody with a maths brain assist if the offer I have been given is a fair one?

Loan of £5000 over a period of 10 years, capital £5000 interest of £2472: APR of 8.9%. Loan started June 2006, all payments made every month.

The offer received is for a refund of £1171, and interest of £257, along with a reduction in the balance of the remaining loan. Whilst this is a first offer from them I am happy to take whatever someone with more knowledge thinks is a fair amount!

Once again thank you to MSE and the forum members- you have been very helpful :-)

Milly

cappo

darrenf1314 wrote: »

Hi

A while ago I took out a loan with HFC, recently sent a letter to ask about PPI with my loan. They have sent a reply stating a full and final settlement offer including interest.
Do we wish to accept this offer, it will remain open for 6 weeks then will be withdrawn. should it not be accepted, it can be referred the the FOS for review.
Don't really know what to do, any advice?

As amersall says if it's fair and it includes all the interest that is owed then go for it, sounds good.

cappo

Where's our little Di today, and has anyone heard from the marksman and smitchy are you ok guys?

di3004

RuthnJasper wrote: »

I mean it. You're fabulous.

I second that!:T:T:beer:

di3004

cappo wrote: »

Where's our little Di today, and has anyone heard from the marksman and smitchy are you ok guys?

Hi Steve

Hope your well.
Been doing some stuff in the garden while its been dry, all mowed nicely for now.;)

di3004

milly456 wrote: »

Hi,

firstly thank you thank you thank you :-) I have just received an offer from NRAM for a policy PPI that I had, and without this site I would have had no idea what to do. Martin for PM!

Could somebody with a maths brain assist if the offer I have been given is a fair one?

Loan of £5000 over a period of 10 years, capital £5000 interest of £2472: APR of 8.9%. Loan started June 2006, all payments made every month.

The offer received is for a refund of £1171, and interest of £257, along with a reduction in the balance of the remaining loan. Whilst this is a first offer from them I am happy to take whatever someone with more knowledge thinks is a fair amount!

Once again thank you to MSE and the forum members- you have been very helpful :-)

Milly

Well done Milly & Congratulations :beer:

I'm sure someone will be along to check the calcs out for you shortly.

di3004

darrenf1314 wrote: »

Hi

A while ago I took out a loan with HFC, recently sent a letter to ask about PPI with my loan. They have sent a reply stating a full and final settlement offer including interest.
Do we wish to accept this offer, it will remain open for 6 weeks then will be withdrawn. should it not be accepted, it can be referred the the FOS for review.
Don't really know what to do, any advice?

Hi there

Congratulations! :beer:

This is the full win, as amersall says in her own words, well done!

di3004

digsby202 wrote: »

Hello,
I'm hoping someone can give me some advice. I haven't posted on here for a while but have been following and guided into submitting PPI claims.
I put in a claim to Lloyds in May. To be honest I wasn't sure if I was paying PPI, I had the card for about 30 years until it was settled in 2009 with a closing balance of £10,000 (!)
I realise I probably should have requested a SAR as I could not see PPI on my one old statement.
I received a letter last week saying my PPI was going to be refunded and I sent off the acceptance form.
Could they have done this without checking if I was paying PPI or am I just being paranoid ? At the moment I'm trying not to mentally spend the money:)
Just hoping someone can advise me
Digs

That is fab Digs, Congratulations!:beer:

It appears then that you must have been paying for PPI, well done!

di3004

RuthnJasper wrote: »

Di and Cappo - thank you VERY much for your encouragement - it means a great deal to me.

You two both deserve a medal for your endeavours on this board - your advice is always spot-on and your support genuinely valued and appreciated. x

Aww thank you Ruth :A you too have done well, and remember you are doing the hardest work really, so well done!:beer: