PPI Reclaiming Discussion part 4

g3az66

maxdp wrote: »

Hi am sure that Tiggrae will be back on later to advise. In the meantime ask them for a breakdown of how they sorted this out.

In my experience one of the lenders messed me about a lot whilst the others paid up within the six weeks and gave a good description of how the figures were worked out.

You just have to keep on to them.:D

Yeah I know, they aint gonna give up their money without a fight are they

maxdp

g3az66 wrote: »

Yeah I know, they aint gonna give up their money without a fight are they

No you are right there. Anyway keep an eye on here cause tiggrae may have other tips or ideas. I know she rings them I believe daily (or was it weekly) being very charming but just nagging basically until she receives her money for her clients.

Pixie983

Hi folks,

Good news - I received my cheques from First Plus over the weekend :j

So - I just need to clarify a couple of things! I posted on here a few weeks ago when I got the decision from the FOS and from what I could gather I was getting a cheque from FP for around £1500 which I was really happy with. However now I have received the letter from FP with the cheques I am confused. I THINK it is even better news as it looks like I am getting a FULL refund of the PPI to my loan account PLUS the cheques which are the difference in payments plus the 8% interest on payments? However I don't want to get too excited which is why I am posting on here again to check! So here goes:

A full refund of the insurance premium of £4,163.30 has been applied to your account along with the interest accrued on the premium to date of £1,147.04.

To clarify the redress as laid out in Mr Hammond's letter:

a)
Interest accrued to date (loan advance & PPI premium) = £5,830.74
Interest accrued to date on loan advance only = £4,683.70
Difference = £1,147.04
PPI Premium = £4,163.30
Total applied to reduce loan balance = £5,310.34

b)
Total repayments made to date (loan advance & PPI premium) = £7,525.00
Total repayments made to date on loan advance only = £6,044.66
Difference in payments (being returned to you = £1480.34

c)
8% interest on payments from date payments made to date redress paid = £151.44


So, basically I have had 2 cheques from them, one for £1,480.34 and one for £151.44. However if I am reading this correctly (not sure if I am) they are also reducing my loan balance by £5,310.34????????? So in total I have reclaimed £6907.78???

Can someone please clarify before I start jumping up and down!

amersall

Pixie983 wrote: »

Hi folks,

Good news - I received my cheques from First Plus over the weekend :j

So - I just need to clarify a couple of things! I posted on here a few weeks ago when I got the decision from the FOS and from what I could gather I was getting a cheque from FP for around £1500 which I was really happy with. However now I have received the letter from FP with the cheques I am confused. I THINK it is even better news as it looks like I am getting a FULL refund of the PPI to my loan account PLUS the cheques which are the difference in payments plus the 8% interest on payments? However I don't want to get too excited which is why I am posting on here again to check! So here goes:

A full refund of the insurance premium of £4,163.30 has been applied to your account along with the interest accrued on the premium to date of £1,147.04.

To clarify the redress as laid out in Mr Hammond's letter:

a)
Interest accrued to date (loan advance & PPI premium) = £5,830.74
Interest accrued to date on loan advance only = £4,683.70
Difference = £1,147.04
PPI Premium = £4,163.30
Total applied to reduce loan balance = £5,310.34

b)
Total repayments made to date (loan advance & PPI premium) = £7,525.00
Total repayments made to date on loan advance only = £6,044.66
Difference in payments (being returned to you = £1480.34

c)
8% interest on payments from date payments made to date redress paid = £151.44


So, basically I have had 2 cheques from them, one for £1,480.34 and one for £151.44. However if I am reading this correctly (not sure if I am) they are also reducing my loan balance by £5,310.34????????? So in total I have reclaimed £6907.78???

Can someone please clarify before I start jumping up and down!

:T:T:Tthat is brill news well done:T:T:T:T:T:T, yes you are right on your total amount. the ppi as been taken off your balance, has your monthly payment gone down now as well? because it should,:D another win against first plus :p:ponwards and upwards!! i am sure our good friend the human calc turbo :A will clarify for you

di3004

Pixie983 wrote: »

Hi folks,

Good news - I received my cheques from First Plus over the weekend :j

So - I just need to clarify a couple of things! I posted on here a few weeks ago when I got the decision from the FOS and from what I could gather I was getting a cheque from FP for around £1500 which I was really happy with. However now I have received the letter from FP with the cheques I am confused. I THINK it is even better news as it looks like I am getting a FULL refund of the PPI to my loan account PLUS the cheques which are the difference in payments plus the 8% interest on payments? However I don't want to get too excited which is why I am posting on here again to check! So here goes:

A full refund of the insurance premium of £4,163.30 has been applied to your account along with the interest accrued on the premium to date of £1,147.04.

To clarify the redress as laid out in Mr Hammond's letter:

a)
Interest accrued to date (loan advance & PPI premium) = £5,830.74
Interest accrued to date on loan advance only = £4,683.70
Difference = £1,147.04
PPI Premium = £4,163.30
Total applied to reduce loan balance = £5,310.34

b)
Total repayments made to date (loan advance & PPI premium) = £7,525.00
Total repayments made to date on loan advance only = £6,044.66
Difference in payments (being returned to you = £1480.34

c)
8% interest on payments from date payments made to date redress paid = £151.44


So, basically I have had 2 cheques from them, one for £1,480.34 and one for £151.44. However if I am reading this correctly (not sure if I am) they are also reducing my loan balance by £5,310.34????????? So in total I have reclaimed £6907.78???

Can someone please clarify before I start jumping up and down!

Wow I'm jumping up and down for you :j :j :j :j , right I expect it is hun, but I'm sure something with a head for figures will come along and check these for you soon, Well done sweetie, Congratulations, great work! (And amersall will be right here, what a star amersall is as well) X
:beer: :T :beer: :T

Di
X

Turboman

Pixie983 wrote: »

Hi folks,

Good news - I received my cheques from First Plus over the weekend :j

So - I just need to clarify a couple of things! I posted on here a few weeks ago when I got the decision from the FOS and from what I could gather I was getting a cheque from FP for around £1500 which I was really happy with. However now I have received the letter from FP with the cheques I am confused. I THINK it is even better news as it looks like I am getting a FULL refund of the PPI to my loan account PLUS the cheques which are the difference in payments plus the 8% interest on payments? However I don't want to get too excited which is why I am posting on here again to check! So here goes:

A full refund of the insurance premium of £4,163.30 has been applied to your account along with the interest accrued on the premium to date of £1,147.04.

To clarify the redress as laid out in Mr Hammond's letter:

a)
Interest accrued to date (loan advance & PPI premium) = £5,830.74
Interest accrued to date on loan advance only = £4,683.70
Difference = £1,147.04
PPI Premium = £4,163.30
Total applied to reduce loan balance = £5,310.34

b)
Total repayments made to date (loan advance & PPI premium) = £7,525.00
Total repayments made to date on loan advance only = £6,044.66
Difference in payments (being returned to you = £1480.34

c)
8% interest on payments from date payments made to date redress paid = £151.44


So, basically I have had 2 cheques from them, one for £1,480.34 and one for £151.44. However if I am reading this correctly (not sure if I am) they are also reducing my loan balance by £5,310.34????????? So in total I have reclaimed £6907.78???

Can someone please clarify before I start jumping up and down!

Will do--give me:

1)-Date of agreement and Number of Months of Loan
2)-Date of first payment
3)-Amount of Cash Advance Loan / Monthly Pymt at outset / % at outset
4)-Amount of PPI Loan / Monthly Payment at outset/ % if different to above
5)-Total Loan Amount (not incl interest)/ Total Mthly Pymnt (as a crosscheck of above 2 to be sure) at outset
6)-Number of payments made so far
7)-Present Monthly Total Payment + %
8)-Exact figures & wording from your received refund letter (or telephone conversations) and dates thereof with refund amounts,8% amounts, & new arrangements for revised mthly pymnt etc
9)-any history you have of Interest Rate Changes in form of a list---

---

Date of Change/new amount/new %

amersall

Turboman wrote: »

Will do--give me:

1)-Date of agreement and Number of Months of Loan
2)-Date of first payment
3)-Amount of Cash Advance Loan / Monthly Pymt at outset / % at outset
4)-Amount of PPI Loan / Monthly Payment at outset/ % if different to above
5)-Total Loan Amount (not incl interest)/ Total Mthly Pymnt (as a crosscheck of above 2 to be sure) at outset
6)-Number of payments made so far
7)-Present Monthly Total Payment + %
8)-Exact figures & wording from your received refund letter (or telephone conversations) and dates thereof with refund amounts,8% amounts, & new arrangements for revised mthly pymnt etc
9)-any history you have of Interest Rate Changes in form of a list---

---

Date of Change/new amount/new %

thanks turbo:A:A:A:A:A:A:A:A:A:A:A:A

amersall

di3004 wrote: »

Wow I'm jumping up and down for you :j :j :j :j , right I expect it is hun, but I'm sure something with a head for figures will come along and check these for you soon, Well done sweetie, Congratulations, great work! (And amersall will be right here, what a star amersall is as well) X
:beer: :T :beer: :T

Di
X

hi di hope you are well, thanks for that:A:A i have a vested interest in first plus, so i am eager to hear anything about this company, and it warms the cockles of my heart to hear they are being made to pay,:j:j

di3004

amersall wrote: »

hi di hope you are well, thanks for that:A:A i have a vested interest in first plus, so i am eager to hear anything about this company, and it warms the cockles of my heart to hear they are being made to pay,:j:j

You are so clever amersall, keep up the great work hunni.:T :T :j :j

g3az66

g3az66 wrote: »

I have made a PPI claim from Lloyds and had to go thru FOS to get it. Last week they agreed to settle the claim..

PPI was £63.84 and its been running since Jan 2004.

Today they have paid £1058.01 into my account.

Could this be the full settlement because we were expecting far more?

I think this maybe the interest payment +8% +£200 compensation they said they would pay.

Has anyone claimed from Lloyds and had it paid in 2 payments.. ie 1 for interest and 1 for the premiums?

Does everyone get all the premiums back or does it depend on the wording of the settlement cos to be honest it may as well be written in chinese..

So many questions, sorry

Morning all,

Its looking like I have been paid my interest plus compo as a cash sum into my bank account and the PPI premiums owed have been used to clear off some of the existing loan. Do we not get a choice as to how we are paid or is it at the discretion of the bank?