PPI Reclaiming successes and failures

The_Marksman

caza888 wrote: »

I probably am wrong about the interest:o I just know the loan was for £14000 the Ppi original cost was £3064 and I paid £375 for 60 months

got to say IanC is about right as i had one for almost the same amount and it was around the 5K mark

di3004

caza888 wrote: »

Had a phone call yesterday saying that barclays will be refunding me by 31st august at the latest as I put my claim in august 2010. I think the interest was 21 or 22 per cent

Oh right, well that's great, Congratulations if I've not yet congratulated you yet.:beer:

Niggly_2

caza888 wrote: »

Can anyone help me calculate how much I am due back. I took out a loan in march 2006 for £ 14000 which also had Ppi on top of that that cost £3064. (total amount £17064) I paid £375.00 per month for 60 months and I paid off the PPI first. I finished paying off the loan march this year. I'm not sure how you work out how much I am due back from barclays?

You paid off the PPI first. When did you do that. I am a little confused myself.

However without the cost of the premium each month we can say that the premium repayment per month was approx 18% or £67.50

67.50 x 60 = £4050
8% simple interest on 64 months = £950.40

£5000 refund gross 20% Basic Rate Tax on interest

n

IANC

Niggly wrote: »

You paid off the PPI first. When did you do that. I am a little confused myself.

However without the cost of the premium each month we can say that the premium repayment per month was approx 18% or £67.50

67.50 x 60 = £4050
8% simple interest on 64 months = £950.40

£5000 refund gross 20% Basic Rate Tax on interest

n

Ahhh, I should have divided the PPI lump by the total of the loan plus PPI, rather than just the loan amount.

Doh

amersall

lostcount wrote: »

Thanks amersall 21 days is not to long.

Fingers crossed that you get this sooner x.

caza888

Niggly wrote: »

You paid off the PPI first. When did you do that. I am a little confused myself.

However without the cost of the premium each month we can say that the premium repayment per month was approx 18% or £67.50

67.50 x 60 = £4050
8% simple interest on 64 months = £950.40

£5000 refund gross 20% Basic Rate Tax on interest

n

Sorry if I'm a bit confusing:o what I mean is that according to my paperwork the Ppi was paid off first and then the loan which I think means that they allocated my first few payments against the Ppi and then the rest against the loan:o I think

bflare

Hello guys, i hav posted a few times on here regarding Barclays & 2 PPI complaints i have going through. The last corrospondance i had was 2 letters explaining that i will get a full response before the 17th & 25th August. But i am getting impatient so i found out the CEO email a couple of weeks ago, a Mr Diamond i think, & politely emailed asking him for an update & if they did not pull there finger out i was going to get my MP envolved. Well i had no reply so i have been forwarding the same email to him every day since!!!! I know this will annoy him but will it jeopardise claims? Tony.

The_Marksman

bflare wrote: »

Hello guys, i hav posted a few times on here regarding Barclays & 2 PPI complaints i have going through. The last corrospondance i had was 2 letters explaining that i will get a full response before the 17th & 25th August. But i am getting impatient so i found out the CEO email a couple of weeks ago, a Mr Diamond i think, & politely emailed asking him for an update & if they did not pull there finger out i was going to get my MP envolved. Well i had no reply so i have been forwarding the same email to him every day since!!!! I know this will annoy him but will it jeopardise claims? Tony.

I can understand that you may be getting some what impatient but id try and give them the time they need and till the dates given by them Then id chase them up I think they should reply to say they are dealing with it though, to be ignored is just rude

I shouldnt think it would affect your complaint though :cool:

tifosi

bflare wrote: »

Hello guys, i hav posted a few times on here regarding Barclays & 2 PPI complaints i have going through. The last corrospondance i had was 2 letters explaining that i will get a full response before the 17th & 25th August. But i am getting impatient so i found out the CEO email a couple of weeks ago, a Mr Diamond i think, & politely emailed asking him for an update & if they did not pull there finger out i was going to get my MP envolved. Well i had no reply so i have been forwarding the same email to him every day since!!!! I know this will annoy him but will it jeopardise claims? Tony.

It wont annoy "him"

The CEO email addresses that we have on here will nt be the actual CEO's email, but a high level complaints team - hence why many of the CEO responses are identical

So nothing really to lose from regularly emailing, but daily seems a little pointless?

Rebecca01

tifosi wrote: »

It wont annoy "him"

The CEO email addresses that we have on here will nt be the actual CEO's email, but a high level complaints team - hence why many of the CEO responses are identical

So nothing really to lose from regularly emailing, but daily seems a little pointless?

I have never received one back from him either.

I am impatient to ,but think we should all give them until 31st August, as they have said this since the JR review.

Then annoy them lol