about how much....

bored_at_home

would you say a claim would come to for the following please?
i borrowed 14500 over 3 years at 11% finance to but a vehicle.
the payments were 525 pounds a month so i estimate the ppi cost me about 50 pounds a month.
i took it out in dec2004 and made the final payment jan2008.

i have a claim for being missold currently away being looked at by the ombudsman after bos rejected it.
i was self employed when i took out the policy and there were no medical questions asked at the time. i never claimed during the life of the policy and all payments were met on time.

im just curious as to how much i could expect if it is upheld as there would be interest to go on and im anaware how to work it out?

dilus

bored_at_home wrote: »

would you say a claim would come to for the following please?
i borrowed 14500 over 3 years at 11% finance to but a vehicle.
the payments were 525 pounds a month so i estimate the ppi cost me about 50 pounds a month.
i took it out in dec2004 and made the final payment jan2008.

i have a claim for being missold currently away being looked at by the ombudsman after bos rejected it.
i was self employed when i took out the policy and there were no medical questions asked at the time. i never claimed during the life of the policy and all payments were met on time.

im just curious as to how much i could expect if it is upheld as there would be interest to go on and im anaware how to work it out?

I could work it out for you @ £50 per month PPI but if you have an exact figure instead of an estimate it would obviously be more accurate

dilus

dilus wrote: »

I could work it out for you @ £50 per month PPI but if you have an exact figure instead of an estimate it would obviously be more accurate

Here it is @ £50 per month PPI over 3 years

36 MONTHS @ £50 per month = £1,800.00
8% standard interest = £ 219.78
APR = £ 594.00

TOTAL = £2,613.78

Some banks pay back the APR on the PPI but lots don’t Good luck

bored_at_home

thankyou for that, and approx is all i needed as i dont have the figures here just now.

amersall

:DHi Dilus happy new year.


Grovel grovel :rotfl:
Could you take a look at KRUFFS1978 post on reclaim part 4?,i have bumped it up for Niggly who is good at sums,not had a response to email from him,i forgot about you and calcs :o
If you could help i would be grateful xx.
Dont know how many more days i can keep bumping this for :rotfl::rotfl:

dilus

bored_at_home wrote: »

thankyou for that, and approx is all i needed as i dont have the figures here just now.

You're welcome, just remember you may or may not get back the APR amount. I did with a BOS complaint so fingers crossed FOS uphold it for you

dilus

amersall wrote: »

:DHi Dilus happy new year.


Grovel grovel :rotfl:
Could you take a look at KRUFFS1978 post on reclaim part 4?,i have bumped it up for Niggly who is good at sums,not had a response to email from him,i forgot about you and calcs :o
If you could help i would be grateful xx.
Dont know how many more days i can keep bumping this for :rotfl::rotfl:

Happy New Year to you too amersall. I have looked at it a couple of times actually and it's a tad complicated for my limited experience and I would hate to give wrong advice on a complicated calculation I'll take another look but it is a bit beyond me. I'm Ok doing straight forward loan calculations. If I can advise with any confidence I will
Hope Niggly is Ok haven't heard from him for ages, he helped me out big time

amersall

dilus wrote: »

Happy New Year to you too amersall. I have looked at it a couple of times actually and it's a tad complicated for my limited experience and I would hate to give wrong advice on a complicated calculation I'll take another look but it is a bit beyond me. I'm Ok doing straight forward loan calculations. If I can advise with any confidence I will
Hope Niggly is Ok haven't heard from him for ages, he helped me out big time

Niggly posted on FPC over a week ago,he doesnt seem to be on here lately,he may just be busy?.
I am like you,i can do a straightforward refund,if it is any harder ;)
No chance :rotfl:

dilus

amersall wrote: »

Niggly posted on FPC over a week ago,he doesnt seem to be on here lately,he may just be busy?.
I am like you,i can do a straightforward refund,if it is any harder ;)
No chance :rotfl:

PM'd you with a possible answer xx see what you think