First Plus Calculations

zoe1234_2

Hi,

I am new to this board and have just been reading up on here about PPI's etc.

I am pleased to say that I have also had an offer from First Plus (hoping to receive cheques end of Nov) however I am slightly concerned after reading about FP' calculations being wrong and would be grateful if someone could please help.

Loan 1
A - Original PPI policy - £2204.10
B - Interest incurred due to PPI - £165.18
C - Less early settlement - £1800.01
D - Total refund for this loan (A+B-C) - £569.27
E - Value of 8% simple interest - £74.11

Loan 2
A - £3526.56
B - £228.29
C - £995.56
D - refund £2758.29
E - £84.44

Loan 3
A - £6146.99
B - £405.22
C - £2017.43
D - £4534.78
E - £2236.01

Am I right in thinking I am to get 3 cheques for each D sum and another 3 cheques for the E sums? Providing the calculations are correct. Would be grateful for advice.

Also, anyone received their cheques yet and were they 6 - 8 weeks?

Thanks.

Zoe

di3004

zoe1234 wrote: »

Hi,

I am new to this board and have just been reading up on here about PPI's etc.

I am pleased to say that I have also had an offer from First Plus (hoping to receive cheques end of Nov) however I am slightly concerned after reading about FP' calculations being wrong and would be grateful if someone could please help.

Loan 1
A - Original PPI policy - £2204.10
B - Interest incurred due to PPI - £165.18
C - Less early settlement - £1800.01
D - Total refund for this loan (A+B-C) - £569.27
E - Value of 8% simple interest - £74.11

Loan 2
A - £3526.56
B - £228.29
C - £995.56
D - refund £2758.29
E - £84.44

Loan 3
A - £6146.99
B - £405.22
C - £2017.43
D - £4534.78
E - £2236.01

Am I right in thinking I am to get 3 cheques for each D sum and another 3 cheques for the E sums? Providing the calculations are correct. Would be grateful for advice.

Also, anyone received their cheques yet and were they 6 - 8 weeks?

Thanks.

Zoe

Hi Zoe and welcome.

Well done on your success!:beer:

Am bumping this up for you, but otherwise copy and paste this on to the above ppi reclaiming discussion thread, so it should not get missed, good luck.