RBS Where to go now?

Avenger2

Yes it does but why?

natweststaffmember

Avenger2 wrote: »

Yes it does but why?

What usually happens is that the PPI is front loaded, ie you pay more PPI at the start of the loan than the loan itself. What happens is that they then repay the PPI to the loan and a new figure is left which is loan and interest. If the loan is missold then the loan has to be restructured to include payments made and the loan being the same as if you had not had the PPI.

Avenger2

When I first took out the loan I was self-employed, but due to all the press and this website I thougt I would look into it, it was at this point that I realised that they had included redundancy cover on the PPI, therefore I feel it was clearly miss-sold, If I am successful with my claim I am trying to understand what may be the final figure, If I was paying more towards the insurance at the beginning of the loan, the figure would higher than I orignally thougt, any way I will just have to wait and see,

natweststaffmember

Avenger2 wrote: »

When I first took out the loan I was self-employed, but due to all the press and this website I thougt I would look into it, it was at this point that I realised that they had included redundancy cover on the PPI, therefore I feel it was clearly miss-sold, If I am successful with my claim I am trying to understand what may be the final figure, If I was paying more towards the insurance at the beginning of the loan, the figure would higher than I orignally thougt, any way I will just have to wait and see,

I think you need to ask this question on the PPI forum because it is getting to that point where my knowledge is insufficient to answer you and I don't want to give you dud advice on the PPI claim which would not help you and would lead me to blagging it which I isn't in your interests.

Avenger2

No problem, it has drifted, but thanks for the advice you have given, in a prevoius post you asked if i had started to reclaim bank charges, I haven't yet but do intend. I think I might as well start the process now, as I was self employed 2/3 years ago would I be able to claim bank charges from my business account and my current account?
On a number of occasions I had money in my business account but when they took charges out, it but me overdrawn but they then charged me for it again?