PPI Reclaiming Discussion part 4

lucieloo

di i recently won with rbs/aa and they replied with they dont admit misselin but were prepared to put me back in the position if i had not taken the ppi. however there was no mention of the 8%. they said they would br back with me in 4 weeks, with figures, do u think i should give them a call and ask about the 8% before thet send the figures or should i wait?

di3004

lucieloo wrote: »

di i recently won with rbs/aa and they replied with they dont admit misselin but were prepared to put me back in the position if i had not taken the ppi. however there was no mention of the 8%. they said they would br back with me in 4 weeks, with figures, do u think i should give them a call and ask about the 8% before thet send the figures or should i wait?

Hi hun

Yes ring them there is no harm in doing this, give it a go.
Fingers crossed.:)

midgeybhoy

got my letter from ombudsman that lloyds tsb are going to settle on my ppi on loan, ive got a loan of 12k over 7yrs paying 339 per month , have paid 2yr 4months of loan , how much will i get back

di3004

midgeybhoy wrote: »

got my letter from ombudsman that lloyds tsb are going to settle on my ppi on loan, ive got a loan of 12k over 7yrs paying 339 per month , have paid 2yr 4months of loan , how much will i get back

Hi there

Well done and Congratulations.:beer:;)

There is interest as well I expect to add on top of the ppi amount as well, and maybe the 8% of what a court would award because you have been deprived of your money.

I am useless at calcs though.........:o, but hopefully someone will be along to have a looksie for you soon, again well done.:T

amersall

midgeybhoy wrote: »

got my letter from ombudsman that lloyds tsb are going to settle on my ppi on loan, ive got a loan of 12k over 7yrs paying 339 per month , have paid 2yr 4months of loan , how much will i get back

hi there, someone will be able to help you with this, could you post the amount you paid just for ppi each month, and the apr.please make sure your loan is put back to the position it was without ppi on and at the same apr and term,and your monthly payment should reduce.phone the bank to confirm this.

marshallka

midgeybhoy wrote: »

got my letter from ombudsman that lloyds tsb are going to settle on my ppi on loan, ive got a loan of 12k over 7yrs paying 339 per month , have paid 2yr 4months of loan , how much will i get back

Hi, you cannot work it out by the details you have given. You would need to post ALL the details from your agreement and also the dates etc and how the settlement was calculated, if you had a rebate against the insurance policy and interest on the insurance policy etc.

Well done on winning.:beer::j

midgeybhoy

amersall wrote: »

hi there, someone will be able to help you with this, could you post the amount you paid just for ppi each month, and the apr.please make sure your loan is put back to the position it was without ppi on and at the same apr and term,and your monthly payment should reduce.phone the bank to confirm this.

my ppi each month is £95 and apr is 19.4 %

marshallka

midgeybhoy wrote: »

my ppi each month is £95 and apr is 19.4 %

Hi, we would need all the details of your loan, not just the PPI amount each month and APR. It would be all the details from the agreement... I thought the loan was paid up but looks like it is ongoing so I would need the PPI amount from the agreement also as i do not know if the PPI amount monthly figure you have given is with interest or without interest?

I have just tried to work your loan out over 7 years without PPI and it looks like at 19.4% this would mean repayments of £262 BUT you say your PPI repayments were £95 a month. This would mean total repayments of £357 BUT you only paid £339???

midgeybhoy

marshallka wrote: »

Hi, we would need all the details of your loan, not just the PPI amount each month and APR. It would be all the details from the agreement... I thought the loan was paid up but looks like it is ongoing so I would need the PPI amount from the agreement also as i do not know if the PPI amount monthly figure you have given is with interest or without interest?

I have just tried to work your loan out over 7 years without PPI and it looks like at 19.4% this would mean repayments of £262 BUT you say your PPI repayments were £95 a month. This would mean total repayments of £357 BUT you only paid £339???

LOAN AGREEMENT
loan amount £11656 loan for loan protection £4533.87 total loan £16190.65
mothly repayments£244.34 £95.03 £339.37
total amout payable£20524.56 £7982.52 £28507.08
19.4 % APR ON 84 MONTHS

midgeybhoy

midgeybhoy wrote: »

LOAN AGREEMENT
loan amount £11656 loan for loan protection £4533.87 total loan £16190.65
mothly repayments£244.34 £95.03 £339.37
total amout payable£20524.56 £7982.52 £28507.08
19.4 % APR ON 84 MONTHS

Ive paid 17 months of loan up till now