LLoyds win

sue149

hi robbedformymoney thanks for your help the APR was 18.5% and it was a 60 month loan but like i say we paid it off early

di3004

sue149 wrote: »

hi robbedformymoney thanks for your help the APR was 18.5% and it was a 60 month loan but like i say we paid it off early

Hi Sue

He will be back.:D;)

robbedofmymoney

di3004 wrote: »

Hi Sue

He will be back.:D;)

hi, i'm back,

i have doen the calcs, they vary slighly from Di's, here goes.

in total you have been charged £726 for ppi, this including the premiums you paid.

the way it breaks down in as follows

10 monthly premiums of £50 = £500 (this includes interest added to ppi) without the interest the ppi element is 10 x £36.50 = £365

8% simple interest on the £500 paid in premiums and interest = £418

then there is the difference in rebate and premiums paid which is £726 (your total charge ofter rebate) minus the ppi paid by you before interest added (£365 as shown above) = £361, then there is another 8% simple on this amount which is £288

so in total you should get back approx £500 + £418 + £361 + £288 = £1,567

this is the amount you should get back (or there abouts)

cheers

sue149

thanks for working that out you and di what we all do without you thanks again

di3004

Cheers Robbedofmymoney

That is why I'm glad your here to sort this out.:D:T

What I done was calulate the £50 by the 10 months.
The amount paid to date and the remainder from the rebate, without the interest.

So thank you.:j:T:beer:

di3004

sue149 wrote: »

thanks for working that out you and di what we all do without you thanks again

Your most welcome Sue.:beer:

Glad robbedofmymoney was here to sort it out properly though lol.:D

sue149

can i be a pain again will they send us a letter with the amount to accept or will it just go in the bank now if so what if it isnt this amount

robbedofmymoney

sue149 wrote: »

can i be a pain again will they send us a letter with the amount to accept or will it just go in the bank now if so what if it isnt this amount

assuming you have signed the acceptance the will send you a full calculation and how they arrive at the refund figure just before the money is paid.

if you feel its wrong you can complain afterwards, although from what you have mentioned and the way it is to be calculated the figures should be similar.

let us know what come through just out of interest

cheers

Andy_Boro_2

well done, i dont know how to do smileys but if i did there would be a big happy face here

Andy_Boro_2

oh that works, how do you do the beer one? or wen better where can i see the full list