PPI Reclaiming Discussion part 4

Eamon30

di3004 wrote: »

Hi Eamon

Sometimes even if given the final decision, they may still consider, depending on what further information you may have, if you think they have overlooked your reasons, I would tell them that and ask them to reconsider by 14 days, if they do not come back with a new decision in your favour, or nothing at all then move on to the FOS.

If you do this though, give them as much further info as possible, if you think you may have missed anything last time as well then add that info, good luck.;)

Hi Di & thanks for the reply,

They've agreed that I didn't request the PPI on the application but I did agree to purchase this in a phone call 18 months later in 2003, now to be honest I've no recollection of this call & started to doubt myself, I'm surprised they still have this recording.

If/when I do contact them I'll remember to state for a reply in 14 days so that it will allow time for me to contact the Financial Ombudsman if nececssary.

Thanks
Eamon

beamerguy

beamerguy wrote: »

Eamon this is a lot of rubbish. If they want £10 to provide the transcript are they saying they actually have one, I very much doubt it, its called the "Capital One fob off"

What a load of rubbish saying it will take up to 40 days to process.

If you would like to PM me with your email address, I will draft a letter for you to send to them

Hi have sent a draft letter for you to send to Capital One:T

anaylorefc

Bit of advice please. I wrote to Virgin money at the beginning of september to request my t&c's. They wrote back and asked for £1. I sent them a cheque, and it has been cashed. Not had my t&c's so sent them another letter stating I wanted this information and gave them 14 days to respond. They still haven't. What am I best doing now?

moneyangel22

Post by Niggly:Loan 1
PPI overpayments = £42.49 x 19 = £807.31
8% simple interest on each payment over 79 months = £716.38
PPI £1790.38-rebate £779.64 is £1010.74
£1010.74 x 8%/12 x 59 = £397.56

Total loan 1 is £2931.99

Loan 2

PPI overpayments = £58.39 x 14 = £817.46
8% simple interest on each payment over 60 months = £699.51
PPI £3114.80-rebate £2138.79 = £976.01
£976.01 x 8%/12 x 46 = £299.31

Total loan 2 = £2792.29

The tax liability of 20% for Basic Rate payer on £716.38+£397.56 +£699.51+£299.31 = £422.55

Net claim is £2931.99 + £2792.29 - £422.55 = £5301.73

n



Hi Niggly,

I have had my offer from Lloyds finally, however, I am confused as the figures in the breakdown dont look anything like yours!

Can you have a look at this and tell me what you think please?!!
:-)

Loan 1:
Refund of premiums £764.82
Interest at 8% to 31st October £364.35
Total refund £1129.17

Loan 2:
Refund of premiums £759.07
Interest at 8% to 31st October £336.89
Excess balance* £160.25
Total refund £1256.21

Loan 3: (They told me I did not have PPI on this!! I cancelled it when I wised up so think they were trying to pull a fast one!)
Excess balance* £996.58
Interest at 8% to 31st October £163.28
Total refund £1159.86

*Excess balance is an additional payment we offer to refund the extra amount you paid when you refinanced the loan/PPI which we are offering to refund. As your earlier loan included PPI the outstanding balance on that loan, which you carried over to the next loan, was higher than it would have been without PPI and therefore you paid a higher payment and more interest when making your repayments on the next loan. Our offer of the excess balance is a refund of the extra amounts paid by you with associated interest.


Please help!!

Thanks!! :-) :-) :-)

Hi everyone,

Can someone please help as I need to tell Lloyds if I am not going to accept their offer.

I dont understand Nigglys calculations completely. He has got an extra line in each calculation and an extra interest calculation (see above) and Lloyds havent included these?!! Can someone please explain his workings??

Many thanks :-) :-)

Eamon30

beamerguy wrote: »

Hi have sent a draft letter for you to send to Capital One:T

Thanks beamerguy I'll keep you updated on their response,

Cheers
Eamon

beamerguy

anaylorefc wrote: »

Bit of advice please. I wrote to Virgin money at the beginning of september to request my t&c's. They wrote back and asked for £1. I sent them a cheque, and it has been cashed. Not had my t&c's so sent them another letter stating I wanted this information and gave them 14 days to respond. They still haven't. What am I best doing now?

If it was a Virgin Money credit card then it is operated by MNBA AND THAT IS WHO YOU ARE DEALING WITH.

MNBA, part of the Bank of America sold fraudulent PPI's

Keewee

Hi guys,
I had an MBNA loan which was paid off back in 2000 / 2001.

I did the old PPI questionnaire, and have today received a letter which simply says to telephone them.

anyone else had this? I am trying to pre-empt what they may ask me!!

Many thanks lovely people :j

beamerguy

Keewee wrote: »

Hi guys,
I had an MBNA loan which was paid off back in 2000 / 2001.

I did the old PPI questionnaire, and have today received a letter which simply says to telephone them.

anyone else had this? I am trying to pre-empt what they may ask me!!

Many thanks lovely people :j

Phone them but be very guarded, listen carefully to what they say and ask them to confirm in writing together with an answer to your PPI questionnaire

Keewee

beamerguy wrote: »

Phone them but be very guarded, listen carefully to what they say and ask them to confirm in writing together with an answer to your PPI questionnaire

Thanks for coming back to me so quickly!! :j:beer:

Yep - I think they are lulling me into a false sense of security - then BAM knockback with 'sorry you don't have PPI' basically as it was so long ago and they don't have the paperwork? :eek:

beamerguy

Keewee wrote: »

Thanks for coming back to me so quickly!! :j:beer:

Yep - I think they are lulling me into a false sense of security - then BAM knockback with 'sorry you don't have PPI' basically as it was so long ago and they don't have the paperwork? :eek:

If you can prove they took money for a PPI AND THEY DO NOT HAVE ANY PAPERWORK, Its a PLUS PLUS FOR YOU