Has anyone had their loan restructured????

littlehenrydog

Hi has anyone had thier loan restuctured? Mine was done last week, no letter explaining anything it just went down overnight. When I rang the PPI helpline I was told I was in the final stages of being paid out. Just wondered has anyone been in thos position and how long will it be till I hear something?? Many thanks all for the advice Ive had so far from this site

di3004

What bank was this with?

I may be wrong but I believe this have been done with many who have active loans, but hopefully someone will post up soon of their own experience - of who have been in that position, good luck.;)

littlehenrydog

di3004 wrote: »

What bank was this with?

I may be wrong but I believe this have been done with many who have active loans, but hopefully someone will post up soon of their own experience - of who have been in that position, good luck.;)

LloydsTSB, I think the change happened last tues-weds but dont know if the loan will go back up or if my payments will change. Its the lack of communication from Lloyds and been told different things all the time. Just want to get it sorted now :mad:

di3004

littlehenrydog wrote: »

LloydsTSB, I think the change happened last tues-weds but dont know if the loan will go back up or if my payments will change. Its the lack of communication from Lloyds and been told different things all the time. Just want to get it sorted now :mad:

Realistically your payments should be reduced, or otherwise its as if your still paying for the PPI, and will not be fair in my opinon.
I take it you have already emailed the CEO office as well?

littlehenrydog

di3004 wrote: »

Realistically your payments should be reduced, or otherwise its as if your still paying for the PPI, and will not be fair in my opinon.
I take it you have already emailed the CEO office as well?

Yeah no reply thou . Just want to know whats going on or if someone else has been in my position. Be VERY nice if they go down

emlet

Well, I received my upheld letter 22 Aug, calcs came through on 16 September (interest to 13.10) and nothing for me as yet - made a loan payment at the end of September and the next one is due out 22 October) which Im still paying ppi on. Still waiting for my loan to be restructured and my cheque!

littlehenrydog

emlet wrote: »

Well, I received my upheld letter 22 Aug, calcs came through on 16 September (interest to 13.10) and nothing for me as yet - made a loan payment at the end of September and the next one is due out 22 October) which Im still paying ppi on. Still waiting for my loan to be restructured and my cheque!

My dates are the same as yours has anything changed with your loan? I only know mine has changed as I looked at my bank online, Ive had no letter from Lloyds

emlet

littlehenrydog wrote: »

My dates are the same as yours has anything changed with your loan? I only know mine has changed as I looked at my bank online, Ive had no letter from Lloyds

hey there! No nothing has changed - im checking everday online!

Kinda goes to prove the theory that theyre not working in date order!

I wouldnt mind but now I have to remember the redress will change if Ive made two further installments !

littlehenrydog

emlet wrote: »

hey there! No nothing has changed - im checking everday online!

Kinda goes to prove the theory that theyre not working in date order!

I wouldnt mind but now I have to remember the redress will change if Ive made two further installments !

I cancelled my PPI when i put the complaint in, Ill update when I find out more.

littlehenrydog

emlet wrote: »

hey there! No nothing has changed - im checking everday online!

Kinda goes to prove the theory that theyre not working in date order!

I wouldnt mind but now I have to remember the redress will change if Ive made two further installments !

Your loan payments dont change just you pay off the loan quicker

amersall

emlet wrote: »

Well, I received my upheld letter 22 Aug, calcs came through on 16 September (interest to 13.10) and nothing for me as yet - made a loan payment at the end of September and the next one is due out 22 October) which Im still paying ppi on. Still waiting for my loan to be restructured and my cheque!

You will get the extra 2 payments of ppi you made back to you with interest,your loan will reduce by the total ppi amount and the monthly payment goes down by the ppi monthly amount,your loan will then continue to term end but without the ppi !.