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Lloyd's tsb Ppi

karrianne32
karrianne32 Posts: 5 Forumite
in Reclaim PPI & other insurance
Hi, I put in a claim for Ppi, following the advice found here. Lloyd's denied it and the complaint has been with the financial ombudsman for 2 years. I have received a letter today (after complaining over the lack of timescales the ombudsman was providing) and it states they have upheld my complaint and propose to Lloyd's that they settle.
My question is....... How is a refund calculated?
The figures are
Cash loan. Optional loan protection. Total loan
Amount of credit. £3000. £746.58. £3746.58
Monthly repayment. £73.95. £18.40. £93.35
APR 17.9%
Loan term 60months
Date of loan 24/7/2002

Any help would be appreciated
Karen

Comments

  • -taff
    -taff Posts: 15,558 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    746 plus 8% simple interest [and possibly minus 20% tax on the interest]
    Non me fac calcitrare tuum culi
  • karrianne32
    karrianne32 Posts: 5 Forumite
    -taff wrote: »
    746 plus 8% simple interest [and possibly minus 20% tax on the interest]
    Hi Taff, everywhere I've looked has calculations on the individual months since each payment was made. Is this not the case?
    K
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