PPI Reclaiming discussion

russbeck

This is a breakdown of the loan I paid through Blackhorse. The opening balance is made up of £4500 loan and £1458.33 ppi. There is no interest included in the opening balance. I have just spoken to Blackhorse to see how much rebate I got on the loan and the ppi. They advised that the loan rebate was £425.27 and the ppi rebate was £87.41 (Total £512.68). My question is, when reclaiming the ppi do include the interest for ppi added onto the loan at the beginning as it is not included in this statement? ie Am I asking for
£1458.33 + £606.63 interest minus the £87.41 rebate or....
£1458.33 + any interest paid in the 4/5 months I had the loan minus the £87.41 rebate
or something totally different!
Hope this is not too confusing. Any help would be very welcome.

*************************************************************
agreement date 25/07/2002
amount of credit £4500.00
interest rate per month 1.52% apr 19.8%
monthly repayments £132.75
1st monthly payment is payable on 01/09/2002
total charge for credit £1872.00
total amount payable £6373.00
the cash price of the payment protection plan £1458.33
amount of credit (the loan for goods/services)
interest rate per month 1.52% apr 19.8%
monthly repayments £43.02
1st monthly repayment is payable on (left blank)
total charge for credit £606.63
total amount payable £2064.96
total monthly repayment payable £175.77
*******************************************************************

25/07/02 opening balance £5958.33 £5958.33
31/07/02 interest £20.82 £5979.17
31/08/02 interest £92.63 £6071.80
02/09/02 dd payment -£175.77 £5896.03
30/09/02 interest £88.48 £5984.51
21/10/02 dd payment -£175.77 £5808.74
31/10/02 interest £91.74 £5900.48
19/11/02 dd payment -£175.77 £5724.21
30/11/02 interest £87.41 £5812.12
04/12/02 repayment -£5299.44 £512.68
05/12/02 settlement interest -£512.68 0.00

m.colak

russbeck wrote: »

This is a breakdown of the loan I paid through Blackhorse. The opening balance is made up of £4500 loan and £1458.33 ppi. There is no interest included in the opening balance. I have just spoken to Blackhorse to see how much rebate I got on the loan and the ppi. They advised that the loan rebate was £425.27 and the ppi rebate was £87.41 (Total £512.68). My question is, when reclaiming the ppi do include the interest for ppi added onto the loan at the beginning as it is not included in this statement? ie Am I asking for
£1458.33 + £606.63 interest minus the £87.41 rebate or....
£1458.33 + any interest paid in the 4/5 months I had the loan minus the £87.41 rebate
or something totally different!
Hope this is not too confusing. Any help would be very welcome.

*************************************************************
agreement date 25/07/2002
amount of credit £4500.00
interest rate per month 1.52% apr 19.8%
monthly repayments £132.75
1st monthly payment is payable on 01/09/2002
total charge for credit £1872.00
total amount payable £6373.00
the cash price of the payment protection plan £1458.33
amount of credit (the loan for goods/services)
interest rate per month 1.52% apr 19.8%
monthly repayments £43.02
1st monthly repayment is payable on (left blank)
total charge for credit £606.63
total amount payable £2064.96
total monthly repayment payable £175.77
*******************************************************************

25/07/02 opening balance £5958.33 £5958.33
31/07/02 interest £20.82 £5979.17
31/08/02 interest £92.63 £6071.80
02/09/02 dd payment -£175.77 £5896.03
30/09/02 interest £88.48 £5984.51
21/10/02 dd payment -£175.77 £5808.74
31/10/02 interest £91.74 £5900.48
19/11/02 dd payment -£175.77 £5724.21
30/11/02 interest £87.41 £5812.12
04/12/02 repayment -£5299.44 £512.68
05/12/02 settlement interest -£512.68 0.00

Thought i'd posted this earlier mate:

http://forums.moneysavingexpert.com/showpost.html?p=8827083&postcount=3066

russbeck

Hi, I'm so sorry. I didn't even see that post. Thanks so much you've helped so much.
Thanks again.

TwinsMum_2

Has anyone managed to speak to the FO over the telephone, I have left at least three mesages, emailed but I get no reply, unless of course the person dealing with my complaint is on holiday.

m.colak

TwinsMum wrote: »

Has anyone managed to speak to the FO over the telephone, I have left at least three mesages, emailed but I get no reply, unless of course the person dealing with my complaint is on holiday.

Hi if you have been assigned a adjudecator for your case then you should has a direct line to them failing this phone up the normal helpline and point out that you have an adjudicator and the number doesn't seem to be working so can they put you through to one of his collegues. Please don't try and blag this as if it hasn't been passed to them then they are still awaiting your case notes or they are very busy. Usually the later.

TwinsMum_2

m.colak wrote: »

Hi if you have been assigned a adjudecator for your case then you should has a direct line to them failing this phone up the normal helpline and point out that you have an adjudicator and the number doesn't seem to be working so can they put you through to one of his collegues. Please don't try and blag this as if it hasn't been passed to them then they are still awaiting your case notes or they are very busy. Usually the later.

I do have a direct line and that is the number I am ringing, I have contacted the other phone number and they say that my case has been assigned so I need to speak to them, I know they are busy, just I have been trying now for over week. It has been over a month since I had any contact from them so I just wanted an update. The number rings but then goes straight to voicemail everytime I call, surely she must be there some of the time and she must be getting my messages.

m.colak

Service Review Manager
Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London
E14 9SR
email [EMAIL="srmanager@financial-ombudsman.org.uk"]srmanager@financial-ombudsman.org.uk[/EMAIL]

This bloke/lady deals with internal complaints within the FOS including no one handling/talking to you.

fuzzgun19

I havent heard anything from the ombudsman since december...

I've just sent an email to my assigned adjudecator, and will see if I get any reply.

TwinsMum_2

m.colak wrote: »

Service Review Manager
Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London
E14 9SR
email [EMAIL="srmanager@financial-ombudsman.org.uk"]srmanager@financial-ombudsman.org.uk[/EMAIL]

This bloke/lady deals with internal complaints within the FOS including no one handling/talking to you.

No I haven't but I will do thank you for that.

TwinsMum_2

TwinsMum wrote: »

No I haven't but I will do thank you for that.

My email as been returned, address not recognised.