PPI Reclaiming Discussion part 4

virtuous

Dear Cappo,

Many thanks for this. Do you anything about calculation, I need advise on that too.

cappo

virtuous wrote: »

Dear Cappo,

Many thanks for this. Do you anything about calculation, I need advise on that too.

Send a pm to niggly i'm sure he won't mind unfortunately i've not got a clue how they work it out. good luck

cappo

gboom2000 wrote: »

Had my calculations letter from HSBC this morning, £1,594!!! Sent the acceptance letter back so just wait for the cash.
This has spurred me on to ring CITI bank about my credit card which I know I paid PPI on, but when I got through to them I got a really un-helpful, there's no such thing as CITI credit cards anymore. After asking about who to talk to 7 or 8 times I got told Opus have taken over CITI credit cards. Will OPUS now deal with my complaint?

You guys really are awesome taking so much time to help others.

Hi gboom how did you get on with HSBC did they refund more than the last 6 years ppi or was it within the 6 years, asking for a reason as one of the previous posters has said they've only going back 6 years not longer. congratulations on your win,well done:beer::beer::j:j:money::D:D:T:T:cool:

Miss_Marple_2

I got very excited this morning when a big fat envelope arrived from Lloyds PPI department. I thought it must be the actual calculation related to the offer they sent 10 days ago to which I had returned my acceptance.

Turns out to be another copy of the offer letter. Not sure whether to return a second acceptance, but I probably will, I don't want to slow the process up.

It's funny, when they were sending me the 'Sorry for the delay' letters, I wasn't really bothered how long they took - but now they've accepted my claim, I can't wait to see how much the calculation is.

cappo

Miss_Marple wrote: »

I got very excited this morning when a big fat envelope arrived from Lloyds PPI department. I thought it must be the actual calculation related to the offer they sent 10 days ago to which I had returned my acceptance.

Turns out to be another copy of the offer letter. Not sure whether to return a second acceptance, but I probably will, I don't want to slow the process up.

It's funny, when they were sending me the 'Sorry for the delay' letters, I wasn't really bothered how long they took - but now they've accepted my claim, I can't wait to see how much the calculation is.

Good luck miss marple:cool:

Mich973

virtuous wrote: »

Hi di3004 and Niggly,

I requested for calculation for the following but no one has come forth, so I am re-posting it again.

Hi Di3004,

Finally got a letter from Halifax but to be honest I do not understand their calculation. I took a loan of £6,000 in 2000. In my agreement

6,000 - Loan
2,230.20 charge
=Total: 8,230.20
1,278.28 - Insurance
424.00 - insurance charge
Total insurance= 1,753.20
Total to pay= 9,983
APR - 14%

Second loan taken in June 2003

Loan - £6,400
Credit charge- £1,983.80
Total £8,983.80

---

Insurance £1,477.82
insurance charge £ 424.78

Total Insurance £1,902.60

APR 10.9%

This what the Halifax has come up with that is why I need help:-

First Loan they offered the following figures

Refunding of premium £983.21
Refund of interest at 14% £365.47
Interest at 8% calculated at 30/08/2011 £992.99
Optional excess balance & Interest £ 93.67
Total £2,435.30


Second Loan they offered the following:-

Refund Premiums £ 516.53
Refund of interest at 10.9% £ 171.50
Interest at 8% as at 30/08/2011 £ 406.30
Total £1,094.33

Total Loan 1 and 2 =3,529.67

Can you please advise whether these figures are correct.

Something else they have come up with. I was discharged from bankruptcy in March 10, 2006 and according to the Official Receiver, after 3 years after discharge, even my credit reference should not have any trace of bankruptcy on me, so it was a shock when Halifax wrote to me saying that they notice that I was made bankrupt in 2005 and they have contacted the receivers and they will send money to them, this has made me sick because Halifax were the reason I lost my house and got myself into this mess. They sold the house and they repaid themselves and the others the money after the house was auctioned.

I really need this money and I need direction on what to do next. I have not contacted them yet because I want some advise before I do so.

With regards to your Bankruptcy - I had the exact same problem with Lloyds 2 weeks ago. I was discharged 5 years ago but they insisted I was still bankrupt and they were keeping the money.

I hit the roof - I sent a snotty email to the guy in charge of Lloyds, which might not have been such a good idea. So I followed this up with a polite letter and a copy of my discharge notice. I got a letter back within a couple of days apologising for their mistake and they would refund my the money directly.

I have since had my offer and the cheque is on the way.

So send them a letter explaining your discharged and enclose a copy of your discharge notice, that should sort it out.


Mich.

gboom2000

cappo wrote: »

Hi gboom how did you get on with HSBC did they refund more than the last 6 years ppi or was it within the 6 years, asking for a reason as one of the previous posters has said they've only going back 6 years not longer. congratulations on your win,well done:beer::beer::j:j:money::D:D:T:T:cool:

I took the loan out in 2004 (if only I could go back and tell that naive 18 year old not to bother!) so it was 7 years ago, but it finished 3 years ago.

cappo

gboom2000 wrote: »

I took the loan out in 2004 (if only I could go back and tell that naive 18 year old not to bother!) so it was 7 years ago, but it finished 3 years ago.

i know what you mean:beer:

irnbru74

Hi,

Has anyone had their complaint upheld with The Funding Corportion regarding the misselling of PPI, we had initial letter rejected.
But - had 8 weeks to get back to them if not happy, which of course we are not - so we are going to back to them to redress it.
We also didn't mention the fact it was single premium PPI!
Just waiting for SAR to come back, before doing this!

From reading other posts they don't seem very forthcoming, with regard to compensating people, who have been missold PPI, has anyone had any luck with them?
Thanks

Niggly_2

virtuous wrote: »

Hi di3004 and Niggly,

I requested for calculation for the following but no one has come forth, so I am re-posting it again.

Hi Di3004,

Finally got a letter from Halifax but to be honest I do not understand their calculation. I took a loan of £6,000 in 2000. In my agreement
When in 2000
6,000 - Loan
2,230.20 charge
=Total: 8,230.20
1,278.28 - Insurance
424.00 - insurance charge
Total insurance= 1,753.20
Total to pay= 9,983
APR - 14%
Was this loan consolidated into loan 2 or paid off in full
Was their a rebate
When did the loan finish

Second loan taken in June 2003

Loan - £6,400
Credit charge- £1,983.80
Total £8,983.80

---

Insurance £1,477.82
insurance charge £ 424.78

Total Insurance £1,902.60

When did it finish
Did you pay off in full
Was there a rebate
Was it consolidated into a 3rd loan

APR 10.9%

Cheers N:beer: