PPI Reclaiming Discussion part 4

di3004

doingmybest wrote: »

Just got a letter from the FOS saying that Egg have decided to make an offer on a goodwill basis and repay the PPI from my egg cards plus 8% interest per year simple to cover any interest charges applied during the cover. Do they have to pay the interest from the day they started the PPI until now or just for the period that I actually had the cards? I cancelled the cards around 2003.

Hi there

Good one.:beer: :T :beer:

Now I assumed it would be as from the start of the PPI.......to the date of cancellation, I'm sure someone will clarify this if I'm wrong.;)
Well done hunni.:beer: :T :beer:

Di
XXX

di3004

ARNIE_GOONER wrote: »

Can you claim PPI back on a loan which was taken out in 2002????

Hi there and yes you can hun.:D XX

Rosie2404

TURBO - I understand you're the expert - I have looked at some of your previous posts and understand that you need the following information from me. Please could you work out how much I should have been refunded including the 8% statutory interest and explain how the 8% is worked out please? Thanks for your help.

Turboman wrote: »

1)-Date of agreement and Number of Months of Loan Agreement dated 1st December 2003
2)-Date of first payment 26.01.04
3)-Amount of Cash Advance Loan / Monthly Pymt at outset / % at outset Amount of Cash Advance £5200 Total Charge for Credit £2505.20 APR 17.9% Monthly payments of £128.42
4)-Amount of PPI Loan / Monthly Payment at outset/ Premium Loan £1238.30 Total Charge for Credit £595.90 Monthly Repayment £30.57
5)-Total Loan Amount (not incl interest)/ Total Mthly Pymnt (as a crosscheck of above 2 to be sure) at outset Total Loan Amount 5200 plus 1238.30 Premium Loan
6)-Number of payments made so far
7)-
8)-Exact figures & wording from your received settlement letter and dates thereof letter dated 13th March 2009 stating "I am therefore prepared to offer a full refund of the PPI Premium and the Interest incurred on the Premium Loan. To achieve this it will be necessary to refund the original premium of £1238.30, less the early settlement refund of £795.68 which you have already received to your Loan account on 2 December 2004, plus interest of £195.60 which you paid on the Premum Loan. This gives a total refund of £638.22 which will be credited to your current account."
9)-Present Monthly Total Payment + % loan has been repaid on 2nd December 2004
10)-any history you have of Interest Rate Changes in form of a list--- none

---

Date of Change/new amount/new %

livylegs

Hiya guys!!
am sorry to ask this if its already on the site but the site is sooooo big ave looked for ages lol
I am on doing my complaints form for FOS and at the bit where is says:

What do you want the business you’re complaining about to do, to put things right for you?
do i tell them i want it all back + 8%? i dont want to put that 8% in incase I cant claim that yet lol

thanks in advance
ee am getting stressed to death here hehe

di3004

livylegs wrote: »

Hiya guys!!
am sorry to ask this if its already on the site but the site is sooooo big ave looked for ages lol
I am on doing my complaints form for FOS and at the bit where is says:

What do you want the business you’re complaining about to do, to put things right for you?
do i tell them i want it all back + 8%? i dont want to put that 8% in incase I cant claim that yet lol

thanks in advance
ee am getting stressed to death here hehe

Hi hun
I remember going through that stage and not to worry.

Basically they want to know how you want this put right as it says, so you tell them you want to be put back in the position as if this product was not taken out, where you want the full amount refunded and interest, plus 8% interest of what a court would award, even though I think the FOS "may" include that anyway, but there is no harm in writing this down.;)

amersall

livylegs wrote: »

Hiya guys!!
am sorry to ask this if its already on the site but the site is sooooo big ave looked for ages lol
I am on doing my complaints form for FOS and at the bit where is says:

What do you want the business you’re complaining about to do, to put things right for you?
do i tell them i want it all back + 8%? i dont want to put that 8% in incase I cant claim that yet lol

thanks in advance
ee am getting stressed to death here hehe

you tell them you want to be put back in the position you were before the ppi was added, and you want the premiums on the ppi you have paid to date plus 8% interest , i think i am right on this but if i am wrong someone will tell me and put me straight lol. i just asked what i said above on the letter to fos, i did not mention the 8%, so i hope i will get that as well, dont stress you will do this xx

amersall

di3004 wrote: »

Hi hun
I remember going through that stage and not to worry.

Basically they want to know how you want this put right as it says, so you tell them you want to be put back in the position as if this product was not taken out, where you want the full amount refunded and interest, plus 8% interest of what a court would award, even though I think the FOS "may" include that anyway, but there is no harm in writing this down.;)

oh di bless you,you got in before me lol, i knew you would know what was right to put so i wasnt far out was i? thank you:A

livylegs

awww thanks!! yous are fantastic:kisses3:
I am putting that in now!! and also in the other details part am I right to tell the FOS what I have already been offered by FP and also that they didnt agree with our complaint in the 1st response we got from them?

thanks so muchly:rotfl:

st8ve

I copied and sent the PPI reclaiming template to egg about 6 weeks ago.
I forgot about it cos i did'nt expect anything.
(i sent it by secure email)
I had 2 loans with them that i've paid, £7000 and £5000,
Today I got 2 cheques from them for a total of £1680.00.
I nearly fainted when i saw them!!!!!


Thank you very much martin lewis.......

(i'm just wondering if i should mention it to the wife....)

all the best.........
steve..

di3004

amersall wrote: »

oh di bless you,you got in before me lol, i knew you would know what was right to put so i wasnt far out was i? thank you:A

lol, bless you too hun, you answered that perfectly. Well done.:T :T .

Oh and do not worry when it comes to yours if you did leave out the request of the 8%, they should include this as well, but there is no harm in letting them know its something you were to add, they should make a note of it for you.;) :A thank you too.:A XX