PPI Reclaiming Discussion part 4

paid_too_much

cathyh1 wrote: »

Thanks, i am so pleased, it makes such a massive difference, i started complaining 3 years ago and finally have an answer.
Good luck to everyone reclaiming. :j

that's £10K/year not bad:D

I've just got £20K back from MBNA, it was my first I'm now going through the everything else as they're just bits and bobs, but well worth it I reckon!;)

beverleykim

Hello all

Have received upheld letters on some loans dated back from 1998 - 2001. Lloyds state that they no longer have full details of these loans so will offer £1,200 per loan.

I do have full details of two of the loans, and I know I will sound extremely thick when admitting to this, but I do not know if I am actually entitled to more - or less. I don't want to accept less when in fact I am entitled to much more than they are offering, in the hope that I do not have the details either.

I do not really want to put all the details on here, but was wondering if someone was willing to advise me on this please. I do not need exact figures, but do not want to fall foul of Lloyds again.

Thank you.

beverleykim

Further to my email above.....Can someone explain this please:

If I paid in £368.49 per month into loan which then shows interest as being 130.26 does that mean the remainder of the amount is the insurance premium = £238.32?

Thank you

cappo

Totally_Confused wrote: »

Hi,

I have just penned a letter to Capital One in response to their feable attempt to fob me off and claim that this is their final response. Is it worth me copying this to the CEO's e-mail address, or would this be a waste of time? I have already faxed and posted this out.

Hi confused i would say it's definitely worth contacting the ceo about this i think beamer posted the guys email addy a few days ago, a richard fairbrass i believe, good luck.:)

cappo

beverleykim wrote: »

Further to my email above.....Can someone explain this please:

If I paid in £368.49 per month into loan which then shows interest as being 130.26 does that mean the remainder of the amount is the insurance premium = £238.32?

Thank you

I suppose so bev it sounds about right, i'm positive arn't i lol:):):):)

The_Marksman

beverleykim wrote: »

Further to my email above.....Can someone explain this please:

If I paid in £368.49 per month into loan which then shows interest as being 130.26 does that mean the remainder of the amount is the insurance premium = £238.32?

Thank you

The interest is the amount the bank make from the amount you borrowed the remaining £238.32 is the straight repayment of the loan amount plus the ppi amount

beverleykim

The_Marksman wrote: »

The interest is the amount the bank make from the amount you borrowed the remaining £238.32 is the straight repayment of the loan amount plus the ppi amount

Thank you The Marksman. So within this £238.32 is an amount repayment the loan and a ppi payment, but how these two amounts are made up we don't know.

I am just trying to check how much I should be getting back rather than what Lloyds want to pay me as they say they no longer have the information - whereas I have the bank statement.

cappo

The_Marksman wrote: »

The interest is the amount the bank make from the amount you borrowed the remaining £238.32 is the straight repayment of the loan amount plus the ppi amount

Hi mate how are you?:beer::beer::beer::beer::beer::beer:

The_Marksman

beverleykim wrote: »

Thank you The Marksman. So within this £238.32 is an amount repayment the loan and a ppi payment, but how these two amounts are made up we don't know.

I am just trying to check how much I should be getting back rather than what Lloyds want to pay me as they say they no longer have the information - whereas I have the bank statement.

Yes thats it, a good guide if you remember the total amount loaned....

would be (1) 20% is roughly the ppi amount

or (2) take 238.32 times this by the term of the loan eg. 36mths, then take that total away from the amount loaned (what you borrowed not total cost of loan) eg. you borrowed £10,000 and that remaining figure is the amount of ppi

The_Marksman

cappo wrote: »

Hi mate how are you?:beer::beer::beer::beer::beer::beer:

hows me top boy doing! :D:D:D:D

all good thanks fella