Calculations

KIMY

Wondered if any one can help me, l have been helping my friend claim her mis sold PPI and 2 banks have awarded her PPI refund, but unsure what to expect.
Nationwide
Calculated paid total £836.66 in payments and settled in June 2006 and pay addittional 8 % simple interest on this amount.
BOS
Paid £1195.20 IN ppi
After early settlement rebate £797.06 paid in PPI
addittional 8 % interest settled in May 2008

Really pleased for her as she deserves this.
:j

amersall

:j:j:jCongrats to your friend on her win:beer:
Marshallka or Robbed are uor resident calculation experts, i am sure they will help you with this.
You will need to post the start and end end dates of the loans, the ppi total and monthly ppi amounts as well.

KIMY

Thanks
BOS
Start date 08/10/2007 - 30/05/2008
PPI front loaded £1195.20 + interest on loan £100.02
INSURANCE REBATE £404.14
NATIONWIDE
Start date Nov 2005-June 2006 @£45.19= £361.52 premiums
states in addition refund difference (overpayment) of £475.14
Dont understand states refund difference (overpayment) of £475.14 + addittional 8% interest an in addition refund premiums totalling £361.52 in payments + 8 %

amersall

Thanks for this, one of our wizards with calcs will help you.
Just hang on in there.

marshallka

KIMY wrote: »

Thanks
BOS
Start date 08/10/2007 - 30/05/2008
PPI front loaded £1195.20 + interest on loan £100.02
INSURANCE REBATE £404.14
NATIONWIDE
Start date Nov 2005-June 2006 @£45.19= £361.52 premiums
states in addition refund difference (overpayment) of £475.14
Dont understand states refund difference (overpayment) of £475.14 + addittional 8% interest an in addition refund premiums totalling £361.52 in payments + 8 %

How many repayments were made? Also what were all the figures from the actual loan agreement?

amersall

Cheers M xx

KIMY

many thanks
NATIONWIDE
8 PAYMENTS @ £45.19
LOAN AMOUNT 15,000
CREDIT INSURANCE £1474.22
TOTAL AMOUNT PAYABLE £1626.84
BOS
LOAN £7000
PPI INSURANCE £1195.20 INC INTEREST
7 PAYMENTS MADE
INSURANCE REBATE £404.14 ON SETTLEMENT FIGURE

Hope this is enougth info

Thanks:A