Recieved 4 loan statements from LTSB can someone have a look please

di3004

BigCraigJohn wrote: »

Cheers di
Have to admit I was very worried when the ombudsman leaflet fell out of the envelope but soon cheered up upon reading

Who was it that does all the working outs on here?
Be nice to have an idea what should be what.

LOL, I know the feeling, you rush to open the letter as quickly as possibly, shaking......:D, then first go to the decision further on in the letter before reading the start of it first LOL.:D

For Lloyds Robbedofmymoney, he also checked mine that were all what he said, so hopefully he will be along soon to check yours for you, just post up the loan details, the dates, any rebates on settled ones etc.:j

BigCraigJohn

Right here we go, not sure if anything else is required. Will try and offload to a spreadheet and chase up Robbedofmymoney

Looking at these agreements really angers me now. And to think I used to go in with a story of what I needed the money for worried I wouldnt be accepted, they really did see me coming.

Loan 1

14th March 2002: Settled 17th Jan 2003

Initial £5000 @ 14.01 per anum over 55 months
+ PPI £1064.20
Total Monthly £150.04
PPI Monthly £26.33
Paid 10 installments
Rebated £653.73 for ppi


Loan 2

13th Jan 2003: Settled 20th Sept 2003

Initial £7150 @ 14.01 per anum over 60 months
+ PPI £1680.04
Total Monthly £205.51
PPI Monthly £39.10
Paid 8 installments
Rebated £1170.52 for ppi

Loan 3

19th Sept 2003: Settled 3rd Aug 2004

Initial £11115.46 @ 14.01 per anum over 60 months
+ PPI £2114.88
Total Monthly £258.71
PPI Monthly £49.22
Paid 10 installments
Rebated £1389.26 for ppi

Loan 4

3rd Aug 2004: Settled 25th March 2006

Initial £16473.76 @ 11.33 per anum over 60 months
+ PPI £2923.20
Total Monthly £360.98
PPI Monthly £64.05
Paid 19 installments
Rebated £1252.91 for ppi

di3004

Bumping for Robbedofmymoney.:j

send him a PM he won't mind lol.;)

robbedofmymoney

are they giving you the 8% simple interest as well

robbedofmymoney

please see comments by each loan,

i have added the 8% simple interest up to the end of June 2010

i have boken each loan into 2 parts, one for the premiums paid with interest added, then the 8% on this

then the difference left in ppi non rebated (excluding interest)on settlement plus 8%

BigCraigJohn wrote: »

Right here we go, not sure if anything else is required. Will try and offload to a spreadheet and chase up Robbedofmymoney

Looking at these agreements really angers me now. And to think I used to go in with a story of what I needed the money for worried I wouldnt be accepted, they really did see me coming.

Loan 1

14th March 2002: Settled 17th Jan 2003

Initial £5000 @ 14.01 per anum over 55 months
+ PPI £1064.20
Total Monthly £150.04
PPI Monthly £26.33
Paid 10 installments
Rebated £653.73 for ppi

premium refund 10 x £26.33 = £263.30 8% simple = £167
ppi left over after rebate = £216, 8% simple = £129

so refund for loan 1 = £263 + £167 + £216 + £129 = £775

Loan 2

13th Jan 2003: Settled 20th Sept 2003

Initial £7150 @ 14.01 per anum over 60 months
+ PPI £1680.04
Total Monthly £205.51
PPI Monthly £39.10
Paid 8 installments
Rebated £1170.52 for ppi

8 x £39.10 = £312.80, 8% simple = £180
ppi left over after rebate = £285, 8% simple = £156

total refund £312 + £180 + £285 + £156 = £933


Loan 3

19th Sept 2003: Settled 3rd Aug 2004

Initial £11115.46 @ 14.01 per anum over 60 months
+ PPI £2114.88
Total Monthly £258.71
PPI Monthly £49.22
Paid 10 installments
Rebated £1389.26 for ppi

premiums paid 10 x £49.22 = £492.20, 8% simple = £251
ppi left over after rebate = £372, 8% simple = £176

total refund £492 + £251 + £372 + £176 = £1291

Loan 4

3rd Aug 2004: Settled 25th March 2006

Initial £16473.76 @ 11.33 per anum over 60 months
+ PPI £2923.20
Total Monthly £360.98
PPI Monthly £64.05
Paid 19 installments
Rebated £1252.91 for ppi

premiums paid 19 x £64.05 = £1216.95, 8% simple = £503
ppi left over after rebate = £745, 8% simple = £258

total refund £1216 + £503 + £745 + 258 = £2,722

SO IN TOTAL A BIG FAT REFUND OF

£775 + £933 + £1291 + £2722 = £5721

this is approximately what you should get based on the figures you have psoted

cheers

BigCraigJohn

Wow.
More than expected, the 8% really bumps it up.
Lets see if they try and rip me off now

Thanks a lot for that robbedofmymoney

di3004

Wotta lotta money there BigCraigJohn :j:T:beer:;)

BigCraigJohn

Well here we are 4 months on and this is showing on my pending bank transactions for tomorrow.

By my calculations £6406.51 which is even more than I was expecting.

Thanks to everyone for there support and assistance with this, now onto Lloyds Mastercard, Mbna, Black Horse, Egg, Citicard and Ulster bank.

I'm off shopping for a new car :T


Date Type Description Due to be paid in

25 AugCRLTSB CARD/LOAN PAY 4,155.46

25 AugCRLTSB CARD/LOAN PAY 888.88

25 AugCRLTSB CARD/LOAN PAY 867.85

25 AugCRLTSB CARD/LOAN PAY 494.32

di3004

BigCraigJohn wrote: »

Well here we are 4 months on and this is showing on my pending bank transactions for tomorrow.

By my calculations £6406.51 which is even more than I was expecting.

Thanks to everyone for there support and assistance with this, now onto Lloyds Mastercard, Mbna, Black Horse, Egg, Citicard and Ulster bank.

I'm off shopping for a new car :T


Date Type Description Due to be paid in

25 AugCRLTSB CARD/LOAN PAY 4,155.46

25 AugCRLTSB CARD/LOAN PAY 888.88

25 AugCRLTSB CARD/LOAN PAY 867.85

25 AugCRLTSB CARD/LOAN PAY 494.32

Brilliant BigCraigJohn

Great work!:T:j

Many Congratulations!:beer:

Now go and spoil yourself, well done!;)

BigCraigJohn

di3004 wrote: »

Brilliant BigCraigJohn

Great work!:T:j

Many Congratulations!:beer:

Now go and spoil yourself, well done!;)

I wish.

My car died last week so ive been using everyone elses, just something cheap then the rest is going towards so full and finals etc.