ppi payment received does it seem right?

asoe209

Yeah, I noticed that and this is what I would have been expecting, but with them cancelling I don't think that's what i paid but at the same time the last 2 payments I mate at £159 would still not add up to what's missing this is why im confused with this.

-taff

Ask them for a breakdown of the refund, then you can see how they came to their total.

[Deleted User]

asoe209 wrote: »

I however have forgot to bring the breakdown of the payment with me today

-taff wrote: »

Ask them for a breakdown of the refund, then you can see how they came to their total.

He already has the breakdown, he just can't post it.

-taff

self-doh!...

asoe209

evening all ok here is the break down, as im not by a scanner now i have to type this in.

17.4.12 opening balance 1365.58
25.4.12 debit payment 182.94CR
25.5.12 debit payment 182.94CR
25.6.12 debit payment 182.94CR
25.7.12 debit payment 182.94CR
16.8.12 insurance cancellation 954.40 CR
16.8.12 charges adjustment 477.47 CR
24.8.12 debit payment 159.13CR
25.9.12 debit payment 159.13CR
3.10.12 EFT refund 1116.28
balance 3rd october 0

-taff

do you know what? I'm confused by that too.....

It looks like they refunded the total cost, but if you only had 2 payments left, and the PPI was removed from the last 2, it doesn't add up because if your refund was 1116, then that wasn't the full cost of it anyway.

Get back in touch.

asoe209

it was due to end in october this year. i never typed in in but all these sums above are CR. i never received 2458 are you getting that number from charges and cancellation

-taff

yes, originally, if they had refunded what they call CR on the breakdown, that was the original full cost of the PPI.

asoe209

it still dont make still dont make sense to me, i just added throse 2 CR numbers together and that =1431 which is the PPI amount on the document. so where is the other 315 from the amount they paid me, and correct me if im worg the 4 year 10 months intrest?

this is what in dont get. it seems like its just been cancelled and thats all.

asoe209

this is what the letter says,

this is a statment of your account with us which includes all transactions during the above period [17TH APRIL 2012 TO 3RD OCTOBER 2012]

interest rate per annum 17.4%

interest charges are calculated at the beginning of the agreement these charges are calculated on the amount of credit shown in your agreement for the full duration of the agreement. they assume that all payments are made on there due dates. the amount of interest charges calculated in this way is then added to the amount of credit and the total payable by your repaments

duration of your agreement 60 months
date of 1st movement on the account 17th october 2007
amount of credit (amount shown in agreement £7192.40)