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

blakeney

have paid about 28 payments

busbyh

blakeney wrote: »

have paid about 28 payments

I'm not to sure how to work out what part of your payment is PPI interest, but marshallka worked mine out 19.97% of the repayment, and she was right too.
So you would get you original PPI amount back, plus 28 payments of the interest and maybe the rebate deducted

But don't forget FSCS will take 10% amount after the first £2000.

blakeney

if you win the case does it mean that the insurance is cancelled or do you have to cancel it i have found an insurance company that will insure BOTH of us for a very small monthly payment to last the life of the loan

busbyh

blakeney wrote: »

if you win the case does it mean that the insurance is cancelled or do you have to cancel it i have found an insurance company that will insure BOTH of us for a very small monthly payment to last the life of the loan

n
Even when not if you win your claim blakeney, the insurance remains in force unless you choose to cancel it. If there is no chance of you getting your NCB is may be worth looking at.

It appears though that any rebate you would be entitled too, is not refunded to you, but taken off your existing loan balance and your repayments may reduce by a couple of pounds per month(not much at all).

You may be better letting it run for the five years and then look at other Insurers, as unless you pay your compensation back to the loan, you are still paying for it anyway, with it being a SINGLE PREMIUM POLICY.

No matter which way wwe look at it, the PPI amount is now part of the loan, unfortunately. We cancelled ours after 29 months nd it appears £698 was paid back to the loan and our payments were reduced by a measley £2 per month.

It didn't really make any difference to us as we paid picture off by remorgaging, just after we cancelled the PPI

It's amazing how much cheaper is actually is to Insure these loans. If only we knew then, what we know now:mad::mad:

di3004

Moggy, hope this cheque arrives tomorrow hun.

Bet you be glad all this is over.;)

Fingers crossed.XX

bodkins14

Morning all well it is bodkins land hope you got a good nights sleep moggy keeping everything crossed for you today all the best keep us all informed and try to stay calm and relaxed when that cheque arrives think bump has had enough excitement

chickpee

I hope today brings good news to all of you still waiting.

Moggy I have everything crossed for you!!

showergirl

Moggy,

Hope your cheque arrives today

Good luck

Lynnie123_2

Moggy,
Hope your cheque arrives today. Fingers crossed for you.xx

marshallka

Good luck for today moggy. We are all rooting for you.....