PPI Reclaiming Discussion part 4

sunny8_2

amersall wrote: »

Hi guys n gals x

Just to let you know,our Di will not be online for a while
Workmen have cut through the phone line :eek::eek:
she has no phone or internet :eek:
She will be climbing the walls if it is not turned on pronto :rotfl::rotfl:

Ohh poor di :(, hope she gets back soon as she will be missed very much:):)

Hows your little lady doing ammersall :) xx

virtuous

Niggly wrote: »

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.

I am not happy with second loan figures. This loan was paid in full.

You are due back the whole of the ppi plus the interest paid. Then 8% on the cash price from June 2003 to August 2011

I would calculate a return of the cash price of the ppi £1,477.82
A return of the interest payable £424.78
8% From June 2003 to August 2011 on the ppi cash price = £975.36
Total £2877.96

Go back and quote the calculations I have given.

Thanks N:beer:

Hi Niggly,

Many thanks for your help. I wrote to Halifax with the new calculation asking them to re-calculate. I also enclosed a copy of my discharge from bankruptcy letter. I will let you know of the outcome of my letter to Halifax.

virtuous

Niggly wrote: »

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.

I am not happy with second loan figures. This loan was paid in full.

You are due back the whole of the ppi plus the interest paid. Then 8% on the cash price from June 2003 to August 2011

I would calculate a return of the cash price of the ppi £1,477.82
A return of the interest payable £424.78
8% From June 2003 to August 2011 on the ppi cash price = £975.36
Total £2877.96

Go back and quote the calculations I have given.

Thanks N:beer:

Mich973 wrote: »

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.

Hi,

You really encouraged me, so this afternoon, I posted a letter to Halifax and enclosed a discharge letter. Hopefully, they will be quick like your one.

irnbru74

smitchy73 wrote: »

Forgot to add,
3. Was there anything on the original form to say, just sign here and here(the two boxes) to get your money, or was there something saying and full explanation of the ppi and any exclusions etc?

Hi
Thanks for replying. Just looking at their demands and needs statement again and it says We need to ensure this policy is what you want, and that you understand when it may not be possible to claim under the policy. We have recommended that you take this insurance policy out as you are arranging a new finance agreement through us but have no existing insurance that would cover listed below.
This contradicts all the things my husband told them about sick pay/life insurance. I know that we should have paid more attention to it, but were naive to it.I don't know whether this is right but what about the fact they have recommended it?
There were 2 boxes - one for credit agreement and the other for PPI there is info about PPI on other side of page- not disputing that it was signed, but again my husband felt he was pressurised into taking cover - which is why he chose the cheapest!
I think I am going to phone them tomorrow and challenge them on a few things - Good idea??
Im still of the belief that they were really underhand in phoning my place of work, when I was on Mat leave or is it just me?

Anyway, thanks again its much appreciated.

cattysmum

Hi I received a letter from the FOS on the 24th July telling us that Lloyds have agreed to make an offer to settle, I have previously had my estimated refund worked out for me by the very clever Niggly, but since my letter from the FOS I havn't received anything from LLoyds, am I being impatient, should they have contacted me by now or does this process take a while I am tempted to e mail them We want our money back!!!!

di3004

amersall wrote: »

Hi guys n gals x

Just to let you know,our Di will not be online for a while
Workmen have cut through the phone line :eek::eek:
she has no phone or internet :eek:
She will be climbing the walls if it is not turned on pronto :rotfl::rotfl:

Thank you my darling.:j:j:A:A

I am back, and couldn't keep away, i used my very old cranky mobile, just as well i used that, but cannot get internet on that old thing lol :rotfl::rotfl::rotfl:

di3004

Niggly wrote: »

Let the conspiracy theorists have a field day. 2/1 it was Lloyds.

However reading the above Amersall how did she get in contact hmm Amersall secret mole....

N:beer:

LOL :rotfl::rotfl::rotfl: by using my cranky old mobile that doesn't always work either lol :rotfl::rotfl::beer:;) x

di3004

Well done and Congratulations to all winners! :beer::beer::beer::beer::beer:

di3004

cappo wrote: »

poor old Di we'll have to send her a pigeon post

Hi Steve, now that would have been a good idea lol :rotfl::rotfl::rotfl:;) x

di3004

interested_81 wrote: »

Hi Di
Can i ask your advice on this Barclaycard rang today too say that accident death cover was not ppi we explained too them that we already knew that but we still wanted the money back cause the policy was mis sold too us he replied saying too take it too the underwriters and give us there address he went on too say can i close this complaint so my husband says no i still want a formal response from Barclays as it was Barclays that sold us the death and accident policy and it was charged on my Barclaycard each month plus alot off interest as well he became quite cross at this but where do you think we stand with this complaint ?
Many thanks for your help

Hiya

Sorry for the delay in getting back to you, I've been off air most of today and yesterday.

I would contact the FOS and explain your situation on this one, or even ask them to write to them on your behalf, as you feel your not getting anywhere, tell them you still feel it was mis sold and even though its not ppi, you were still sold a financial product.
Give it a go, let me know how you get on, cheers x:)