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Rough Estimate of figures please.
michelle45_2
Posts: 267 Forumite
Hi
This is a long shot but does anybody know roughly how much I should expect back from my credit card claim.
The FOS have told Lloyds to pay me back as if I never had ppi on my credit card. This goes back to November 2001 and card was finished in July 2008. The balance for at least 3 years was maxed out to 4000 and was paying roughly 32.00 per month ppi. If they cannot find my statements as they say they only keep statements for 6 years (and I dont have any) they will estimate the monthly figure which I think may be about 30.00 also (maths not my strong point). The interest rate of my cc was 17%. and FOS have told them to pay me 400.00 for distress - seems high so that maybe a typing error and I should be getting 200.00
Ive tried putting it into a claculator to roughly estimate the compound interest and the amounts seem very high to me. I thought I might get about 3000 back with the interest but should put this into a compound interest calculator and the figurs I got back was double this.
Not much to go on I know but any help would be great.
Michelle
This is a long shot but does anybody know roughly how much I should expect back from my credit card claim.
The FOS have told Lloyds to pay me back as if I never had ppi on my credit card. This goes back to November 2001 and card was finished in July 2008. The balance for at least 3 years was maxed out to 4000 and was paying roughly 32.00 per month ppi. If they cannot find my statements as they say they only keep statements for 6 years (and I dont have any) they will estimate the monthly figure which I think may be about 30.00 also (maths not my strong point). The interest rate of my cc was 17%. and FOS have told them to pay me 400.00 for distress - seems high so that maybe a typing error and I should be getting 200.00
Ive tried putting it into a claculator to roughly estimate the compound interest and the amounts seem very high to me. I thought I might get about 3000 back with the interest but should put this into a compound interest calculator and the figurs I got back was double this.
Not much to go on I know but any help would be great.
Michelle
0
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