MBNA Loan settelment

gary_909

I wonder if anyone can help me with a settlement figure from MBNA I had a loan for £7000 over 3 years which I settled in October 2004 They have just sent me a cheque for £1351.55p this includes total amount of PPI premiums and associated interest charged since sale date £843.66 and 8% interest of £508.22 I wonder if this figure is correct or I am entitled to anymore any help would be appreciated:j

amersall

Well done on your win.
They are giving you full redress.
Post your figures up, the start date, how much the ppi was in total,or monthly if you know,and the apr, and someone will work this out for you.Sadly this wont be me lol.


When you settled this,they would have given you a rebate of interest on the ppi,they will have taken this off your win,if you only paid this ppi for 3 years they give you back the 3 years that you paid with interest and the ppi total,less the rebate.Does this help?.

gary_909

Thanks for the reply all I can remember was that the loan was for £7000 started in October 2004 and finished in October 2007 and the repatments were about £262 every month I hope this will be of help for someone and that they can work out if the amount is correct.

gary_909

Sorry it should have read started in October 2001 and finished in October 2004 but all the other info is correct