Ltsb ppi refund

amersall

kt2010 wrote: »

second update-
i emailed to the addresses Di gave and recieved an email back saying calculations have now been done and i have to call to get figures as they could not attach to email for security reasons.
So i called them and they gave me figures and said it would be another 21 days before it will credit my account!!!
also the figures they gave me are a lot less than i thought, could someone work this out for me please because i want to check they are correct?

loan 1: Amount £3000 15.7% 48 Payments total £3986.88 monthly payments of £83.06
PPI £610.96 15.7% 48 Payments total £812.16 monthly repayments of £16.92

settled early after 12 months and recieved a rebate 0f £280.77 in respect of insurance preimum.
the said they would calculate difference between the settlement balance i paid and what it would of been had the PPI premium had not been added to loan,
then 8% on this sum from the day the loan was settled to todays date
and calculate what i had paid to cancellation dat and refund
then 8% per annum on each payment
then further 8% interest per annum from the date loan was settled (03/09/07) to todays date

Loan 2
Loan amount £5000 13.9% 36 monthly payments of £168.78 total amount payable £6076.08
ppi amount £890 13.9% 36 monthly payments of £30.06 total amount payable £1082.16

i have made 32 monthly payments

they said they would:
calculate a refund of the PPI monthly payments that i have paid to date
and calculate 8% per annum on each monthly payment


Also if you had read this would you think that they have agreed it was miss-sold to me? only because after todays phone call they stated they were only offering me a "good will" gesture but this is not stated in the letter they said they had agreed to do all of the above!!
please help im so confused!!!!

Hi there, i am no good with interest, but on
loan 1) you would get
12 x£16.92 = £203.04 then the interest less the refund they gave you

loan 2) 32 x £30.06 = £961.92 with interest , this should clear the loan and leave you some cash. Marshalka or robbed of will be able to help you with the actual figure you will get, as i said i have not got a clue how you work the interest out :rotfl:

kt2010

amersall wrote: »

Hi there, i am no good with interest, but on
loan 1) you would get
12 x£16.92 = £203.04 then the interest less the refund they gave you

loan 2) 32 x £30.06 = £961.92 with interest , this should clear the loan and leave you some cash. Marshalka or robbed of will be able to help you with the actual figure you will get, as i said i have not got a clue how you work the interest out :rotfl:

thanks very much for this, well already this proves their calculations wrong as they reckon they only owe me £562.87 for both loans together!! where they got this i dont know, i got them to check it and he checked 3 times and said this was correct!!! they are sending it through the post but i know this is wrong!!