Central Trust and Firstplus

marshallka

nutty_nat wrote: »

Thank you for your reply, I managed to speak to somebody at F/P this morning and the actual rebate we got back on the first loan was £2557.44. Does that help at all?

Hi, you would really need a complete breakdown of the settlement. When you settled and first loan to take out the second loan they would give you a settlement figure and any new borrowings would then be given to you. You would have a large opening balance then and this would be whatever was left owing on your first loan and your "new" loan.

You would then have to work out what you actually would have owed if the PPI on the first loan was not included. Its quite hard for you to see as the PPI rebate you mention above would actually be the rebate on just your premium BUT included in the interest part would also be another rebate. You would need to give us all the figures from your first loan and then what your opening balance was for the second loan and how much of that balance you actually had in the form of a loan... your second loan would have included PPI and interest owing from the first loan if you see what I mean.

It would be better if you could included all details of both loans, dates, how many repayments you actually made, how long the first and second loan were over etc and your actual settlement figure from the first loan that was then carried over to the second one. Also the dates so we can see how the settlement was worked. There are two methods sometimes according to the date it was taken out.

(basically the details off both agreements and how the settlement figure from the 1st loan was written in the settlement breakdown).

nutty_nat

marshallka wrote: »

Hi, you would really need a complete breakdown of the settlement. When you settled and first loan to take out the second loan they would give you a settlement figure and any new borrowings would then be given to you. You would have a large opening balance then and this would be whatever was left owing on your first loan and your "new" loan.

You would then have to work out what you actually would have owed if the PPI on the first loan was not included. Its quite hard for you to see as the PPI rebate you mention above would actually be the rebate on just your premium BUT included in the interest part would also be another rebate. You would need to give us all the figures from your first loan and then what your opening balance was for the second loan and how much of that balance you actually had in the form of a loan... your second loan would have included PPI and interest owing from the first loan if you see what I mean.

It would be better if you could included all details of both loans, dates, how many repayments you actually made, how long the first and second loan were over etc and your actual settlement figure from the first loan that was then carried over to the second one. Also the dates so we can see how the settlement was worked. There are two methods sometimes according to the date it was taken out.

(basically the details off both agreements and how the settlement figure from the 1st loan was written in the settlement breakdown).

Hi
I have asked first plus to send me a breakdown of the first loan I already have one for the top up loan. I will report back when I have it. Thank you so much for all your help and advice.