PPI's on 4 loans with Lloyds

aleayah

Hi everyone,

i'm new on site, i think everyones doing the right thing to claim all their PPI's back COZ we soooooooooo deserve it.

Just to let you all know back in April 2011 i was reading all the successes on this website and decided to write a letter to Lloyds about some bank charges they added to my account, i explained my situation and how unfair they were with me sent copies of letters and statements highlighting...replied on 28th April 2011 saying they were refunding me £468.00 in next 10 days. i was over the moon and back. It took me just one letter.....:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::T:rotfl::T:rotfl::T

i wrote to Lloyds TSB on 30th April 2011 regarding 6 of my loans i took out with them sending all my agreement letters highlighting once again where ppi had been mis-sold. The replied back "we are looking into this and send a how to deal with complaints leaflet...bla bla bla...i have pestered them now they have replied saying the "16 week" rule. i am now on my 13th week on wednesday.............just waiting eagerly......roll on 31st August....


Niggly can you please work out the following for me....thankyou in advance.

LOAN 1

Loan amount was £1000.00
Annual Per rate 17.9%
interest on total of 1.38% per month for 12months
Premium (cash price) £106.10 monthly rep was £9.66
Loan started on 02.05.2002

LOAN 2
Loan amount was £1800.00
Loan start date 04.02.2003
interest rate 16.61% x 24months
Monthly rep was £96.16 (not sure how much i ppi i paid but looking at my agreement i had ppi on thi)

LOAN 3
Loan amount was £1000
Loan start date 22.02.2008
APR - 24.90%
Annual interest rate - 22.48%
(premium (cash price)£152.59 monthly rep was £12.49
in total i paid back £1321.18

LOAN 4
Loan amount was £2992.45
Loan start date 07.05.2008
APR - 18.30%
Annual interest 16.96
monthly ppi was £22.59 x 29month premium cash price £534.31
in total paid back £4323.61

i emailed the CEO of Lloyds tsb saying if you say that with out ppi a loan won't go through then how come 2 of my previous laons went the through without ppi added on it, you guy are robbing us daylight robbery...so cough up now before the ombudman get hold of my case....you fibbers..lol lol:D:D:D:D:D:D:D

aleayah

Niggly how much do think i will get back on 4 of my loans they are all closed now:cool:

amersall

:j:jWell done on your bank charge win :j:j:j
Niggly not on here at the moment,and i think you will have to give him longer than 5 minutes to reply :rotfl::rotfl::rotfl:
He is not as fast as he used to be :D:D:D

di3004

Absolutely fantastic!:j Well done and Congratulations, great work!:beer:

aleayah

thank you i feel so much better now sharing my thoughts and success with you all...good luck to everyone who is also waiting like me....

aleayah

i couldn't believe it myself went and bought myself a bag full of miniature diary milk to celebrate.

Niggly_2

aleayah wrote: »

Hi everyone,

i'm new on site, i think everyones doing the right thing to claim all their PPI's back COZ we soooooooooo deserve it.

Just to let you all know back in April 2011 i was reading all the successes on this website and decided to write a letter to Lloyds about some bank charges they added to my account, i explained my situation and how unfair they were with me sent copies of letters and statements highlighting...replied on 28th April 2011 saying they were refunding me £468.00 in next 10 days. i was over the moon and back. It took me just one letter.....:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::T:rotfl::T:rotfl::T

i wrote to Lloyds TSB on 30th April 2011 regarding 6 of my loans i took out with them sending all my agreement letters highlighting once again where ppi had been mis-sold. The replied back "we are looking into this and send a how to deal with complaints leaflet...bla bla bla...i have pestered them now they have replied saying the "16 week" rule. i am now on my 13th week on wednesday.............just waiting eagerly......roll on 31st August....


Niggly can you please work out the following for me....thankyou in advance.

LOAN 1

Loan amount was £1000.00
Annual Per rate 17.9%
interest on total of 1.38% per month for 12months
Premium (cash price) £106.10 monthly rep was £9.66
Loan started on 02.05.2002

LOAN 2
Loan amount was £1800.00
Loan start date 04.02.2003
interest rate 16.61% x 24months
Monthly rep was £96.16 (not sure how much i ppi i paid but looking at my agreement i had ppi on thi)
capital an interest on above is 88.66
ppi is 7.40
LOAN 3
Loan amount was £1000
Loan start date 22.02.2008
APR - 24.90%
Annual interest rate - 22.48%
(premium (cash price)£152.59 monthly rep was £12.49
in total i paid back £1321.18
assumed this paid for 2 years

LOAN 4
Loan amount was £2992.45
Loan start date 07.05.2008
APR - 18.30%
Annual interest 16.96
monthly ppi was £22.59 x 29month premium cash price £534.31
in total paid back £4323.61
assumed finished 07/09/2010

Assumed no loan paid off another loan and no single premiums were rolled over into another loan

i emailed the CEO of Lloyds tsb saying if you say that with out ppi a loan won't go through then how come 2 of my previous laons went the through without ppi added on it, you guy are robbing us daylight robbery...so cough up now before the ombudman get hold of my case....you fibbers..lol lol:D:D:D:D:D:D:D

LOAN 1
£9.66 x 12 = 115.92
8% on 112 payments simple yearly £410.55

LOAN 2
£7.40 x 24 = £177.60
8% on 103 payments simple yearly £266.10

LOAN 3
£12.49 x 24 = £299.76
8% on 43 payments simple yearly £82.43

LOAN 4
£22.59 x 29 =£655.11
8% on 40 months £129.67

Total over payments ppi regular = £1248.39
Total simple interest £888.75 (177.75 20% tax)
Total gross £2137.14

There is some assumption made here. The data was a bit thin on the ground re single premiums added on to the policy and also had to make a guess on one of the ppi premiums. Also assumed no loans rolled into the other with rebates etc on any single premiums.

So you have a conservative guesstimate

Amersall what is it pick on me day


N:beer:

aleayah

hi

is my info not clear would you like me to send it to you again.

aleayah

sorry just saw the last bit of your email...ye the 3rd loan was for 24months...is taht how you think i should be getting back....if so il be donating some money to charity in somalia...they are reall y bad out there...poor souls.:D

amersall

Amersall what is it pick on me day

Most certainly not :o:o
You are one of our MSE national treasures xxxxx
Whizz with calcs xxxxx
expert with the 8% xxxxx
a very nice man xxxxxxx
very helpful to posters xxxx
Polite and friendly xxxxx
Have i grovelled enough yet? ;););););)

Niggly_2

aleayah wrote: »

sorry just saw the last bit of your email...ye the 3rd loan was for 24months...is taht how you think i should be getting back....if so il be donating some money to charity in somalia...they are reall y bad out there...poor souls.:D

This is a minimum. Like I said dont know if there were an single premiums lumped onto the loans or if a regular premium only. If singles then you may recieve more. Plus have assumed that the compensation pays out this month.