PPI Reclaiming discussion

NannyB

tiggrae wrote: »

Hi there, no big mystery but rather than going for the mis selling angle, the Financial Services Authority have stated no refund or partial refund terms to be unfair under the Unfair Consumer Contract Terms Regulations 1999 and as such you stand to get your money back easier and they are more likely to pay the 8% Statutory Interest as it's clear you've been unlawfully deprived of mony. How much were you rebated (or did you have to pay out) when you settled you loan early and I'll work out the 8% interest for you. Regards

Hi,
They took off £200 which was the amount left owing on the ppi, the total amount paid including interest was £2300 ppi, for 26 months...
Many thanks

tiggrae

NannyB wrote: »

Hi,
They took off £200 which was the amount left owing on the ppi, the total amount paid including interest was £2300 ppi, for 26 months...
Many thanks

Hi - how long did the loan have to run when you paid it off ?

niemowle

i am sending a letter to Barclaycard tomorrow stating that i 've been sold PPI without my knowledge, i had no idea!!! cancelled the card since but hoping for positive result anyway..how do i calculate all the interest and anything? ,help! had card from 10/02/o4 - 03/07/06

niemowle

another loan with PPI on it as single premium policy and another reason not knowing it only covers 5 years, goes like that:
APR 10.9%
cash loan premium loan
10.000.00 + 3.887.33 =13.887.33
16.208.40total payable 6.301.20
135.07 monthly payment +52.51 =187.58

over 10 years
cash loan premium loan
charge for credit 6.208.40 2.413.87

interest rate 10.52% and made so far 10 payments of £187.58
PLEASE HELP AS I DON'T KNOW WHAT TO DO!!!!! the loan is not paid off yet but maybe i can go on as i did not know it only covered 5 yers option. i am sending letters tomorrow anyway as i cannot sleep peacefuly anymore. please help me out if you know what to do.

sc0tsman

sc0tsman wrote: »

I am not really sure if this is another fob off or if they are in fact correct or not, They have offered me a partial settlement pending cancel but are the sums quoted final or do admin fees etc come off.

I still want to take this all the way as they ARE due me approx £3200

I've decided and just sent off my complaint to the FOS so here's hoping

NannyB

tiggrae wrote: »

Hi - how long did the loan have to run when you paid it off ?

Hi,
The loan was due to finish in June 2009...
Many thanks

gt568

niemowle wrote: »

another loan with PPI on it as single premium policy and another reason not knowing it only covers 5 years, goes like that:
APR 10.9%
cash loan premium loan
10.000.00 + 3.887.33 =13.887.33
16.208.40total payable 6.301.20
135.07 monthly payment +52.51 =187.58

over 10 years
cash loan premium loan
charge for credit 6.208.40 2.413.87

interest rate 10.52% and made so far 10 payments of £187.58
PLEASE HELP AS I DON'T KNOW WHAT TO DO!!!!! the loan is not paid off yet but maybe i can go on as i did not know it only covered 5 yers option. i am sending letters tomorrow anyway as i cannot sleep peacefuly anymore. please help me out if you know what to do.

Just send the letters and see what they say. Be patient.

dannyhole

Sent a letter off to Egg as I was basically told they wouldnt lend Me the money unless I took the PPI, and received a letter today acknowledging My complaint and setting out the procedure, I am to expect a phonecall soon to discuss it

gt568

dannyhole wrote: »

Sent a letter off to Egg as I was basically told they wouldnt lend Me the money unless I took the PPI, and received a letter today acknowledging My complaint and setting out the procedure, I am to expect a phonecall soon to discuss it

Demand written correspondence only. Then you have proof of what has taken place!!!

dannyhole

Good point! Never thought of that, I'll write again