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PPI Reclaiming Discussion part 4

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Comments

  • Morning Guys :j:j:j:j

    Blimey...some good winners lately :money::money::money:

    Congratulations and good luck to all winners :T:T:T:Txx
  • di3004
    di3004 Posts: 42,579 Forumite
    Thank you so much folks, and for all your support too! :beer::beer::beer::beer::beer: xxxxxxxxx
    The one and only "Dizzy Di" :D
  • cappo
    cappo Posts: 2,121 Forumite
    di3004 wrote: »
    Steve/Cappo

    I have won my Hamilton case honey :beer: more on the success thread with a link leading to my thread, the lender admitted it was them that sold it.:beer: I ended up resolving this and not the FOS.:T

    Email addy below x;)

    http://www.!!!!!!/sm.php?em=robert.diamond*barclaysplc.com



    hey di well done will pm you later hun:T
  • cappo
    cappo Posts: 2,121 Forumite
    di3004 wrote: »
    Steve/Cappo

    I have won my Hamilton case honey :beer: more on the success thread with a link leading to my thread, the lender admitted it was them that sold it.:beer: I ended up resolving this and not the FOS.:T

    Email addy below x;)

    http://www.!!!!!!/sm.php?em=robert.diamond*barclaysplc.com




    well done di yaaaaaaayyy:j:j:j:j:j:j:j:j:money::money::money::money::money::beer::beer::beer::beer:;););):cool::cool::cool::T:T:T:T:A:A:A:A
  • di3004
    di3004 Posts: 42,579 Forumite
    Thank you Steve.
    I more or less taken it out of the Adjudicators hands, (which is why I have been very busy the last few weeks) lol :D:j.:beer:
    The one and only "Dizzy Di" :D
  • Could someone please check my calculations from my credit card offer which I have had since 2001 and still have. The letter states the compliant has been upheld on investigation and the figures are;

    PPI Premiums charged since sale date £2,589.87
    Total amount of interest associated with ppi premiums £6,040.04
    Total amount of 8% interest £308.84
    Total £8,938.75

    Can someone please explain why the 8% interest is so low is this normal?
    I am delighted but just want this explained
    Thanks
    Lisa:j
  • di3004 wrote: »
    Steve/Cappo

    I have won my Hamilton case honey :beer: more on the success thread with a link leading to my thread, the lender admitted it was them that sold it.:beer: I ended up resolving this and not the FOS.:T

    Email addy below x;)

    http://www.!!!!!!/sm.php?em=robert.diamond*barclaysplc.com


    Well done Di:beer:
  • I had a loan with First Tricity National Finance only for £336 for an electric appliance through Scotish power using their charge card dating from May 1997. I sent the account number and a list of all the payments of £10 per month for 2 years , then I paid off the loan.
    I sent a claim into santander with a copy of the paperwork i had, thanking me for taking out PPI, but no details of the amount of ppi added towards the balance.
    I was turned down so sent it onto FLA including a loan from same place took out in 1995 refusing PPI and I have received a letter turning me down today stating that the amount of time since i used the account all data has been removed from the system.
    Is there anything else I can do?
    Any help gratefully received
    Thanks
    Lisa
  • smitchy73
    smitchy73 Posts: 2,559 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    lisajaynec wrote: »
    Could someone please check my calculations from my credit card offer which I have had since 2001 and still have. The letter states the compliant has been upheld on investigation and the figures are;

    PPI Premiums charged since sale date £2,589.87
    Total amount of interest associated with ppi premiums £6,040.04
    Total amount of 8% interest £308.84
    Total £8,938.75

    Can someone please explain why the 8% interest is so low is this normal?
    I am delighted but just want this explained
    Thanks
    Lisa:j
    Hi Lisa,
    The 8% is so low as they don't work out this the same as with a loan, you only get the 8% simple interest if your account goes into credit(they owe you) when they adjust your card with the ppi adjustment.

    When working it out, they have to go back to the first month you paid ppi, and put the ppi plus any interest this has gathered back on to your card, they have to keep doing this for each month's ppi charge, and as they go along they have a list of what your account would have looked like if there had been no ppi, and a seperate list of what is owed to you, so when they do this, sometimes the account actually goes into credit, this is where the 8% comes into play.

    BUT

    The big one to worry about with a CC is the prevailing card rate and as many of us know can be up to 29.9%, this is where the big money is, some banks tried only giving back the ppi charge plus 8% instead of the actual interest rate charged through the history of the account.

    Hope this helps:D Well done on your win too, looks quite good to me:D
    Thanks to all the competition posters.
  • smitchy73
    smitchy73 Posts: 2,559 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    lisajaynec wrote: »
    Could someone please check my calculations from my credit card offer which I have had since 2001 and still have. The letter states the compliant has been upheld on investigation and the figures are;

    PPI Premiums charged since sale date £2,589.87
    Total amount of interest associated with ppi premiums £6,040.04
    Total amount of 8% interest £308.84
    Total £8,938.75

    Can someone please explain why the 8% interest is so low is this normal?
    I am delighted but just want this explained
    Thanks
    Lisa:j
    Looks like an average of £21 per month ppi charge and a refund of approx £50 per month on the interest, so a total of £71 or thereabouts for each month paid not a bad little savings plan girl:D:j:j:beer::T:T
    Thanks to all the competition posters.
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