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PPI Reclaiming Discussion part 4
Comments
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can anyone tell me is norton and firstplus the same company0
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Don't you just hate it when a thread disappears and you don't know why?loose does not rhyme with choose but lose does and is the word you meant to write.0
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Hi Turbo
I'm back to pester you again, i was hoping you could help me. I was trying to reclaim PPI back on a loan from NRock and just got letter back from Financial Ombudsman saying that NRock are offering me a settlement but I'm not too sure whether the amounts are correct and I should accept.
My Loan was for £5,500, i took the loan out in Nov 06 and 1st payment was 1st Jan 07.
Monthly Payment of £186.78
APR 7.6%
36 payments
It says on agreement:
Loanprotect Loan amount - £514.20
Cash Loan - £5,500
Total Loans - £6,014.20
Total amount payable Loan Protect - £574.92
Cash Loan - £6149.16
Total - £6742.08
Monthly Payment Loan Protect - £15.97
Cash Loan - £170.81
Total - £186.78
Total charge for credit Loanprotect (which is made up of interest) - £60.72
Total charge for credit Cash (which is made up of interest) - £ 649.16
I was offered 're-arrange loan by writing off all amounts that remain outstanding in respect of the borrowing for PPI inc any interest & charges. New monthly payment of £170.81 for next 9 months' (mmm i work it out to be 8 mths?)
'Refund amount amount in respect of additional borrowing for PPI inc interest charged - £431.19'
'Payment of interest on each of the additional payments made for PPI at rate of 8% per year simple from the date each payment was made - £38.64'
Does this sound ok to you? I think i need to check the 8 mths left instead of 9.
Thanks for your help again:)0
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