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

dialysis

beaniebabe wrote: »

They told me my cheque would be posted out today and I should receive it by Monday. So tomorrow could be the day!!!:j:j
I think the man at the FSCS was playing safe by giving it until Monday, I wouldn't be suprised if I got something tomorrow:T:T
Hope you get yours Di. XX
If there is nothing here by Monday I will defo be doing a Honey2

Honey
Was your big fat cheque posted out first class????

beaniebabe what time does your post come saturday?

marshallka

busbyh wrote: »

Marshallka, Can you help me work this out.

The new loan was for £42000. and the interest paid to date is £1650.00. Thats over 12 months. How much interest does that work out per £1000
The PPI amount was just on £9000.
I have rounded the amounts off for ease of calculation.

£1992.00 div by 10 = £199.20 interest.

My heads all over the place

is the ppi about 4.6% of the new loan? = £433 interest paid for ppi amount

How FOS would work yours out for a redress of the actual amount of PPI you were charged is that they would work the loan and settlement with the PPI (which is what you actually settled at). Work the loan out without the PPI on it and then what you would have paid in repayments without the PPI. They then take one from the other.... next they work out how many payments you made against the PPI and the amount is then added to the total of the difference above. Also if you received any rebate against the PPI when you settled this would be taken into account.

With the difference in the two settlements (with and without) whatever that amount was this would be the amount of PPI that was carried over to your now mortgage. They would then work interest out from the date you settled I think and add the interest to date at whatever your mortgage interest is.

Don't hold me to it though busbyh, this could be totally different. Will be glad if you post up how its done when you get if repaid.

beaniebabe

honey2 wrote: »

Thats what I kind of think - there is no reason but to answer my questions with 100% honesty and be factual!. I fyou recall one of my posts a couple of weeks ago - when I was told the cheque was going out to me on the Friday, the woman had said once you receive your letter you will know what the situation is in relation to claiming on the PPI for redundancy.

This is what she meant the policy is in force and does not xc - we are being compensated for bad advice not of the PPI policy. Also someone posted (sorry cant remeber who) tonight that their OH has been ill for 4 mths - my letter also stated less £0.00 already paid in previous claims. If I had claimed on the policy and claimed for a couple of months then the figure I received would have been deducted from my compensation claim.

Honey 2 x

Honey
It was my OH that has been off work ill for 4 months. Does this mean we could make a claim.

honey2_2

dialysis wrote: »

beaniebabe what time does your post come saturday?

My cheque was dated 6/10

Honey 2 x

beaniebabe

dialysis wrote: »

beaniebabe what time does your post come saturday?

It comes around 12 is. My OH thinks we will get it Mondat with the strikes etc. I hope he is wrong though!!!:D

dialysis

:eek:

beaniebabe wrote: »

It comes around 12 is. My OH thinks we will get it Mondat with the strikes etc. I hope he is wrong though!!!:D

I think it will depend on wether you have had disputes in your area my post has been ok, no different, and if they send it first class today we should get it tomorrow. I am really really hoping it will make a brill weekend if we do, but I am so worried they havent done waht they say they are going to do. We have had such a long haul and so many yes it is sorted answers I wont believe it till it is in my hand. But trying to be optimistic for tomorrow.:eek:

dialysis

honey2 wrote: »

My cheque was dated 6/10

Honey 2 x

So yours was posted tuesday, first class honey ?

busbyh

marshallka wrote: »

How FOS would work yours out for a redress of the actual amount of PPI you were charged is that they would work the loan and settlement with the PPI (which is what you actually settled at). Work the loan out without the PPI on it and then what you would have paid in repayments without the PPI. They then take one from the other.... next they work out how many payments you made against the PPI and the amount is then added to the total of the difference above. Also if you received any rebate against the PPI when you settled this would be taken into account.

With the difference in the two settlements (with and without) whatever that amount was this would be the amount of PPI that was carried over to your now mortgage. They would then work interest out from the date you settled I think and add the interest to date at whatever your mortgage interest is.

Don't hold me to it though busbyh, this could be totally different. Will be glad if you post up how its done when you get if repaid.

Will definatley post up calcs when we can repaid. Thaks for that marshallka, it does really confuse me

honey2_2

beaniebabe wrote: »

Honey
It was my OH that has been off work ill for 4 months. Does this mean we could make a claim.

Sorry Beaniebabe i lost the post - if you can find my complete post of my claim decision - there is a section that talks about deducting money if i had had any claims against the policy - in my case it said £0.00. Therefore I believe that if I had had a claim agains the PPI and the had paid out 4 mths of a claim which would have been £1908 which is £477 x 4 - then from my compensation I would have had £1908 deducted. Does this make sense Beaniebabe?

Honey 2 x

dialysis

This post is very busy tonight guys, I post and then there have been two posts whilst I am posting, hope you ae with me:rotfl:can you slow down a bit and let me catch up I cant type any faster:rotfl::rotfl::rotfl: