first plus dpi

amersall

kaz310 wrote: »

We post our reclaim letter yesterday so firstplus should receive it today. Its a waiting game now. Is there a time limit to which firstplus have to respond?

Hi they should send you a "we have recieved your letter" reply within 2 weeks, you could be looking at 16 weeks for a conclusion to this though.

Hope fully you will hear before that time,this ppi is a win,so let us know how you get on.

kaz310

Well today we received our letter from firstplus acknowledging receipt of our complaint. They have said we will get a reply by 28th October . This is longer than normal due to the amount of ppi reclaim cases they are dealing with. The fsa have agreed to give them an extension of the usual 8 weeks. Hopefully it won't take this long and they'll agree to paying me back. Fingers crossed.

amersall

kaz310 wrote: »

Well today we received our letter from firstplus acknowledging receipt of our complaint. They have said we will get a reply by 28th October . This is longer than normal due to the amount of ppi reclaim cases they are dealing with. The fsa have agreed to give them an extension of the usual 8 weeks. Hopefully it won't take this long and they'll agree to paying me back. Fingers crossed.

You dont need luck with this ppi,it was the most mis sold of all ppi.
Post when you get your upheld letter!!.

kaz310

Time is running out for FIRST PLUS to contact us regarding our complaint. They have 6 weeks left. The clock is ticking!!!! I have just looked at our loan agreement and have tried to work out how much we should get back. If and when we get a figure to accept I want to know that we're not being ripped off again. I have read that even when FIRST PLUS do make an offer they are still ripping people off and attempting to make money from innocent people. I don't want to accept the first offer they make if its not right. Can anyone help? The loan was taken out in January 2008. The figures are as follows

Cash Loan £65,000 PPi Loan £15,918.50 Total £80,918.59
Monthly repayment inc PPi £739.19
No. of repayments 300
APR 10.5%


Can anyone help with this please.

Derwent

kaz310 wrote: »

Can anyone help? The loan was taken out in January 2008. The figures are as follows

Cash Loan £65,000 PPi Loan £15,918.50 Total £80,918.59
Monthly repayment inc PPi £739.19
No. of repayments 300
APR 10.5%


Can anyone help with this please.

Ok, at today's date you have made PPI payments (including interest) of £6,107.64

The 8% simple interest on those payments equates to £929.99

So, you will get a refund of £7,037.63 in cash

Then your future loan repayments will reduce to £593.77 after the future PPI and associated interest is removed.