PPI Reclaiming Discussion part 4

conkerlily123

Hi Guys,
Can someone please offer some advice on this for me?
I have recently reclaimed for mis sold PPI that I took out on a FirstPlus loan that was settled early after just one year (full 12 months payment). I am unsure how much I should expect back as compensation.

Loan Details

Cash loan £35600.00
The PPI loan was £8718.44
Total Credit £44318.44
Monthly PPI payments of £84.01
Monthly loan payment £343.01
Total monthly payment £427.02
APR 8.4%
Loan Term 180 months

Settlement figure

Total payable under agreement £75067.89
Less rebate on early settlement -£33096.57
Plus admin charge £150.00
Total payable to settle £42121.32

The letter doesn't detail how much PPI was rebated. It states;

The rebate allowed has been calculated in accordance with the consumer credit (rebate on early settlement) regulations 1993, and include a rebate of the PPI premium (where appropriate).

Not sure if any PPI was rebated at settlement or not.

virtuous

Hi Di3004,

I hope you are keeping well. Halifax promised to contact me on the 31st August, 2011, I thought by now I would have received a letter since today is the 1st of September, 2011. Nothing came throught the post, and this is not a good sign. Di3004, do you know anything or someone who has received a reply from Halifax?

smitchy73

I know this has been discussed before but the tax that is liable for the interest part of the reclaim, is it just a case of contacting hmrc to see how much is due or what gets done? Anyone got a clue, or are most people not bothering?

cappo

di3004 wrote: »

Excuse my absence this afternoon folks, as one of my best mates mum passed away, so I will do my best to help out as I go along. x;)

Sorry to hear that Di.

cappo

Sorry not been on here today guys my other half had commandeered my puter for pogo (games) for the last day i'm never going to catch up today i'll come on here again in morning and pick up any posts tommorow not answered. regards all,steve

Ipswich1984

Ipswich1984 wrote: »

https://forums.moneysavingexpert.com/discussion/3428965

I'm a bit confused as to how the figures were calculated by Niggly. Now I know that my complaint is being upheld I want to make sure that Lloyds don't try to muck me about with the figures.

Can anyone help me with explaining how the PPI figures calculated by Niggly are worked out?

DrSqueeze

smitchy73 wrote: »

I know this has been discussed before but the tax that is liable for the interest part of the reclaim, is it just a case of contacting hmrc to see how much is due or what gets done? Anyone got a clue, or are most people not bothering?

You need to inform HMRC, either by contacting them or including it on your tax return (if you complete one).

di3004

virtuous wrote: »

Hi Di3004,

I hope you are keeping well. Halifax promised to contact me on the 31st August, 2011, I thought by now I would have received a letter since today is the 1st of September, 2011. Nothing came throught the post, and this is not a good sign. Di3004, do you know anything or someone who has received a reply from Halifax?

Hiya

I am fine thank you and you?

Hmmm not defending them, but its just a "possibility" of the bank holiday post, but what I would do is definately contact them tomorrow if you've not heard or received anything.
Sorry your still waiting though.

I cannot recall on the top of my head about Halifax, but do give them a call tomorrow if nothing's arrived.

Fingers crossed x;)

di3004

cappo wrote: »

Sorry to hear that Di.

Thank you Steve, she was very poorly and it was quite sudden really, cheers honey x:A

di3004

cappo wrote: »

Sorry not been on here today guys my other half had commandeered my puter for pogo (games) for the last day i'm never going to catch up today i'll come on here again in morning and pick up any posts tommorow not answered. regards all,steve

LOL, I know what you mean Steve lmao:rotfl::rotfl::rotfl: