help in calculating PLEASE

imdrowningnotwaving

Hi there , wow what a great find this site is a real bonus, was wondering if anyone could help i have several mis sold ppi going thru which have all been confirmed as mis sold, i was wondering how to calculate the value due to me they are as follows

company date taken out value of loan

northern rock mar 2007 £6000
northern rock jul 2007 £6000
northern rock aug 2007 £16000


yorkshire bank jan 2004 £6000
yorkshire bank jul 2006 £5000
yorkshire bank dec 2006 £6000

santander jul 2007 £4000

all of these are now paid off in full, any ideas or a clue to an ammount would be greatly appreciated

dilus

imdrowningnotwaving wrote: »

Hi there , wow what a great find this site is a real bonus, was wondering if anyone could help i have several mis sold ppi going thru which have all been confirmed as mis sold, i was wondering how to calculate the value due to me they are as follows

company date taken out value of loan

northern rock mar 2007 £6000
northern rock jul 2007 £6000
northern rock aug 2007 £16000


yorkshire bank jan 2004 £6000
yorkshire bank jul 2006 £5000
yorkshire bank dec 2006 £6000

santander jul 2007 £4000

all of these are now paid off in full, any ideas or a clue to an ammount would be greatly appreciated

No one will be able to calculate any redress from just the loan amounts. They have to repay the PPI paid on each + 8% standard interest. I'm thinking that all these loans were used to re finance the previous ones, in which case they will have rebated PPI on each occasion, which complicates any calculations. This will be a difficult calculation, probably best to post up settlement figures when you receive them and they can be checked then

ktlou10

hi i am after similar information as have a claim going through with barclays for what was initially a £2k loan and i refinanced to £5k less than a year later and then to £6k 10 months later all had ppi each time where i was lead to believe it was a condition of getting the loan agreed, i am 5 weeks into initially making the complaint so hope to hear something within the next 3 weeks. i was just interested in anyone else in a similar situation and how much they got back etc. or how to calculate how much impotentially owed. i have all original paperwork detailing amount borrowed, ppi amounts, apr etc. any advice greatly appreciated.

imdrowningnotwaving

Hi Dilus

Thanks for the reply , all the loans in question were all paid up prior to the next one been taken out, apart from one the last one from northern rock where this was taken out as seperate to run along others

Any rough idea would be greatly appreciated no matter how much an estimation it is

Cheers

amersall

ktlou10 wrote: »

hi i am after similar information as have a claim going through with barclays for what was initially a £2k loan and i refinanced to £5k less than a year later and then to £6k 10 months later all had ppi each time where i was lead to believe it was a condition of getting the loan agreed, i am 5 weeks into initially making the complaint so hope to hear something within the next 3 weeks. i was just interested in anyone else in a similar situation and how much they got back etc. or how to calculate how much impotentially owed. i have all original paperwork detailing amount borrowed, ppi amounts, apr etc. any advice greatly appreciated.

Post up the info for the loan,start and end date,ppi total, ppi insurance total,if settled early the month it was settled and any rebate for ppi that you recieved when settled.

amersall

imdrowningnotwaving wrote: »

Hi Dilus

Thanks for the reply , all the loans in question were all paid up prior to the next one been taken out, apart from one the last one from northern rock where this was taken out as seperate to run along others

Any rough idea would be greatly appreciated no matter how much an estimation it is

Cheers

You need to post more info,as Dilus asked for,then it would only be a guestimate as the rebates would be taken off any redress that you get.
If you can provide more info,i am sure Dilus will oblige with a calc.

ktlou10

Hi thank you for your reply, i understand it will only be a guesstimate but it would give me a vaugue idea of what to expect if i am succesfull in making my claim - thank you.
Here are loan details below -
loan no 1
date - 3/12/2002
amount of loan £2600 (interest charged at 15.9% = £1109.20) = total £3709.20
ppi - £590.87 (plus interest charged on ppi = £251.53) = total charge for ppi £842.40
onthly charge for loan - £61.80 plus £14.04 ppi = total of £75.86 per month
term 60 months
Loan no 2 (topped up from loan no 1)
date - 9/9/2003
Loan amount £5900 (interest at 9.9% = £1553.80) total loan =£7453.80
PPI amount - £1157.28 (with interest of £304.92) total charge for ppi = £1462.20
monthly loan amount £124.23 plus ppi of £24.37 = total of £148.60 per month
60 month term
Loan no 3 (topped up from loan no 2)
Date 18/5/2004
Lon amount £6400 (interest at 14.9% =£2554.40) total laoan = £8954.40
Ppi amount - £1420.20(plus interest of £567.00)= total charge for ppi = £ 1987.20
monthly loan amount £149.24 plus ppi of £33.12 = £182.36 pr month
60 month term
Loan settled early, paid in full in august 2005

Hope these figures will give you enough information - thank you