Companies in Default/FSCS Claims - Picture, London Scottish, Twopart

marshallka

dialysis wrote: »

Wait for it :eek::eek:£85000 over 25 years and we have paid for two years

and APR perhaps cause i need to work the interest

was it 8.6%???????????

marshallka

I worked it here anyway that if the same as the one last night you would get back your PPI premium which was

£21950 and then 24 months interest on the PPI being 106.55 a month (cannot be sure on this but repayments were 178.52 against the PPI and I have been on a loan site and got the rest???) for 24 months being 2557.20 so you would be due back 21950 and 2557.20 and then statutory interest from the date of default until now and also you have to take into account their way of redressing being 100% of something and 90 of the other.

Cannot be sure here and only guessing as i am no redresser..... with the FSCS????

dialysis

marshallka wrote: »

and APR perhaps cause i need to work the interest

was it 8.6%???????????

Thats sounds right 8.6% and 20 months is the payment dares Thanks Marshallka:cool::T

dialysis

marshallka wrote: »

I worked it here anyway that if the same as the one last night you would get back your PPI premium which was

£21950 and then 24 months interest on the PPI being 106.55 a month (cannot be sure on this but repayments were 178.52 against the PPI and I have been on a loan site and got the rest???) for 24 months being 2557.20 so you would be due back 21950 and 2557.20 and then statutory interest from the date of default until now and also you have to take into account their way of redressing being 100% of something and 90 of the other.

Cannot be sure here and only guessing as i am no redresser..... with the FSCS????

Thanks Marshallka you should be we wouldnt have had to wait this long as you would have done your friends first wouldnt you?:T:T:T

marshallka

dialysis wrote: »

Thanks Marshallka you should be we wouldnt have had to wait this long as you would have done your friends first wouldnt you?:T:T:T

Most certainly....;)

I am dying for your redress to come through so i can see how much I am out by...;)

dialysis

marshallka wrote: »

Most certainly....;)

I am dying for your redress to come through so i can see how much I am out by...;)

Youll be the first to know when I get it just look for my jumping for joys and claps:T:T:T

busbyh

dialysis wrote: »

OMG I missed it all just caught up a little mammamia CONGRATS TO YOU I AM SO CHUFFED FOR YOU. Sorry I missed all this everyone, dog walking. I am so excited with mammamia gettin the whole lot back and so quick.:T:T:T:T We should be next then will catch up and post back ooh so excited :T:T:T:T:T:T:T:T:T

dialysis, marshallka and myself were shouting you ad pinicos names from the rooftops last night - so exciting:j:j:j:j:j:j:j

busbyh

marshallka wrote: »

I hope everyone is Ok and look forward to you posting back later. xx

What a night last night just got in from work, will be back later -have to do school run now:beer:I need to catch up on all the posts:j:j

busbyh

pinknico wrote: »

I really think that in order for you not to pay the interest of your PPI over the term of the loan you would have to pay Picture back the money the FSCS pay you minus payments already made and related interest. I cannot see the future interest just being removed as well as ALL the PPI refunded. You would be getting a double refund nice but unlikely.

Also anyone paying a sum of money off their Picture loan must make sure you have the choice of lower payments not just shortening the loan term.xx

I totally agree pinknico
Catch you later:j

busbyh

dialysis wrote: »

Not IF Pinknico when you get them, optimism hun lol christmas will be fandabidosy:rotfl::rotfl::rotfl:Do you know if Mammamia got a letter first from the FSCS or just the cheque?

Letter and cheque:j