PPI Reclaiming successes and failures

carlyberyl

Thanks niggly you're a star, will let you know how we get on

Niggly wrote: »

LOAN 1 STARTED 21/02/2001


Premiums paid for 2 months @ £19.34 = £38.68
Feb 2001 to August 2011 is 10 years 6 months (126 months)
£19.34 x 8%/12 x 126 = £16.25
£19.34 x 8%/12 x 125 = £16.12

Loan + Interest + Insurance + interest = £4951.68 total charged less rebate of £867.40 is £4084.28
£4000 was original loan and carried forward to next loan £84.28 were charges. Part of this will have been PPI. The insurance is 10% of total loan so can only assume that 10 % is ppi so assume ppi carried into next loan was £8.43
£8.43 x 8%/12 x 124 = £6.97

Loan 1 = £86.45

LOAN 2 CONSOLIDATING LOAN 1 STARTED 06/04/2001


Premiums paid for 2 months @ £33.33 = £66.66
April 2001 to August 2011 is 10 years 4 months (124 months)
£33.33 x 8%/12 x 124 = £27.55
£33.33 x 8%/12 x 123= £27.33

Loan + Interest + Insurance + interest = £9966.60 total charged less rebate of £2420.34 is £7546.26
£7377.96 was original loan and carried forward to next loan £168.30 were charges. Part of this will have been PPI. The insurance is 12% of total loan so can only assume that 10 % is ppi so assume ppi carried into next loan was £20.20
£20.20 x 8%/12 x 122 = £16.43

Loan 2 =£158.17


LOAN 3 CONSOLIDATING LOAN 2 STARTED 11/06/2001

Premiums payable for 8 months
£36.30 x 8 = £290.40
June 2001 to August 2011 is 122 months
8% simple interest on 8 payments = £229.42

Total loan is £13364.16 less rebate 10508.98 less original loan £9269.41. £1239.57 c/fwd. PPI 13% SO PPI c/fwd is £161.14
£161.14 x 8%/12 x 113 (9years 5 months) = £121.39

Loan 3 £802.35

LOAN 4 CONSOLIDATING LOAN 3 STARTED 01/03/2002


Premiums paid 3 months £163.20
March 02 to August 2011 9 years 6months 114 months
8% = £124.03
Assume rebate plus interest is £250

Loan 4 is £537.23



Premiums £55.51 x 6 payments £333.06
June 02 to Aug 2011 = 110 months @8% £240.91
Insurance £3398.81 - £2104.98 rebate 12/03 £1293.83
Interest on PPI £1293.83 X 8%/12 X 92 MONTHS = £793.04

Loan 5 is £2660.84

Loan 1 = £86.45
Loan 2 =£158.17
Loan 3 £802.35
Loan 4 is £537.23
Loan 5 IS £2660.84

Total is £4245
:beer: n

Riggsy1367

Reclaiming 3 loans from Egg going back to 2001.

Started reclaim in June this year.

Loan 1: 27/03/01 for 60 months
Amount £15000
PPI £ 2403
APR 9.5% Monthly payment £397.43
Topped up with Loan 2 19/07/01
Rebate £2063.18

Loan 2: 19/07/01 for 60 months
Amount £8075
PPI £1432.50
APR 9.5% Monthly payment £203.15

Loan 3: 19/07/01 for 60 months
Amount £10000
PPI £1774
APR 10.2% Monthly payment £247.63

Their offer arrived today and is

Loan 1 + 2: total PPI premiums £3835.50
plus interest on premiums paid £ 604.22
plus 8% interest £1391.52
less any previous rebate paid £2063.18

total award of compensation £3768.06

Loan 3: total PPI premiums £1774
plus interest on premiums paid £ 609.68
plus 8% interest £1366.75

total award of compensation £3750.43

Two cheques for a total of £7,518.49!!!!!!!!

Thank you to all the stalwarts on here, Di, Amersall, Marksman, Tifosi, IANC, and Niggly, if you could just cast your spreadsheet over the figures I'd be much obliged....

carlyberyl

Niggly have checked bank statements, we paid 18 payments on loan 5, sorry to be a pain

Niggly wrote: »

LOAN 1 STARTED 21/02/2001


Premiums paid for 2 months @ £19.34 = £38.68
Feb 2001 to August 2011 is 10 years 6 months (126 months)
£19.34 x 8%/12 x 126 = £16.25
£19.34 x 8%/12 x 125 = £16.12

Loan + Interest + Insurance + interest = £4951.68 total charged less rebate of £867.40 is £4084.28
£4000 was original loan and carried forward to next loan £84.28 were charges. Part of this will have been PPI. The insurance is 10% of total loan so can only assume that 10 % is ppi so assume ppi carried into next loan was £8.43
£8.43 x 8%/12 x 124 = £6.97

Loan 1 = £86.45

LOAN 2 CONSOLIDATING LOAN 1 STARTED 06/04/2001


Premiums paid for 2 months @ £33.33 = £66.66
April 2001 to August 2011 is 10 years 4 months (124 months)
£33.33 x 8%/12 x 124 = £27.55
£33.33 x 8%/12 x 123= £27.33

Loan + Interest + Insurance + interest = £9966.60 total charged less rebate of £2420.34 is £7546.26
£7377.96 was original loan and carried forward to next loan £168.30 were charges. Part of this will have been PPI. The insurance is 12% of total loan so can only assume that 10 % is ppi so assume ppi carried into next loan was £20.20
£20.20 x 8%/12 x 122 = £16.43

Loan 2 =£158.17


LOAN 3 CONSOLIDATING LOAN 2 STARTED 11/06/2001

Premiums payable for 8 months
£36.30 x 8 = £290.40
June 2001 to August 2011 is 122 months
8% simple interest on 8 payments = £229.42

Total loan is £13364.16 less rebate 10508.98 less original loan £9269.41. £1239.57 c/fwd. PPI 13% SO PPI c/fwd is £161.14
£161.14 x 8%/12 x 113 (9years 5 months) = £121.39

Loan 3 £802.35

LOAN 4 CONSOLIDATING LOAN 3 STARTED 01/03/2002


Premiums paid 3 months £163.20
March 02 to August 2011 9 years 6months 114 months
8% = £124.03
Assume rebate plus interest is £250

Loan 4 is £537.23



Premiums £55.51 x 6 payments £333.06
June 02 to Aug 2011 = 110 months @8% £240.91
Insurance £3398.81 - £2104.98 rebate 12/03 £1293.83
Interest on PPI £1293.83 X 8%/12 X 92 MONTHS = £793.04

Loan 5 is £2660.84

Loan 1 = £86.45
Loan 2 =£158.17
Loan 3 £802.35
Loan 4 is £537.23
Loan 5 IS £2660.84

Total is £4245
:beer: n

lainie0104

What were you reclaiming:PPI on credit card from 2001
Who was the provider: Lloyds TSB
How much did you get back: £1570.42
Did you get it back after a letter or did you go to the Financial Ombudsman: Financial ombudsman
And then write your brief reclaim tale: I sent the first template letter on 24/08/09 and adjusted to my own needs. Lloyds said no and I went to the ombudsman who upheld my complaint, but Lloyds ignored them. Finally after almost 2 years Lloyds are paying out.

Patience is required with Lloyds, but it looks like they're starting to move:T

Good luck to everyone still waiting and thanks to all:)

tifosi

Riggsy1367 wrote: »

[FONT=&quot]Reclaiming 3 loans from Egg going back to 2001.[/FONT][FONT=&quot]

Started reclaim in June this year.

Loan 1: 27/03/01 for 60 months
Amount £15000
PPI £ 2403
APR 9.5% Monthly payment £397.43
Topped up with Loan 2 19/07/01
Rebate £2063.18

Loan 2: 19/07/01 for 60 months
Amount £8075
PPI £1432.50
APR 9.5% Monthly payment £203.15

Loan 3: 19/07/01 for 60 months
Amount £10000
PPI £1774
APR 10.2% Monthly payment £247.63

Their offer arrived today and is

Loan 1 + 2: total PPI premiums £3835.50
plus interest on premiums paid £ 604.22
plus 8% interest £1391.52
less any previous rebate paid £2063.18

total award of compensation £3768.06

Loan 3: total PPI premiums £1774
plus interest on premiums paid £ 609.68
plus 8% interest £1366.75

total award of compensation £3750.43

Two cheques for a total of £7,518.49!!!!!!!!

Thank you to all the stalwarts on here, Di, Amersall, Marksman, Tifosi, IANC, and Niggly, if you could just cast your spreadsheet over the figures I'd be much obliged....[/FONT]

I chucked that into word to change the font - that was playing havoc with my eyesight!


Just taking loan 3, doesnt look right to me (would be obliged if the others could give input!)


Their figures -

[FONT=&quot]Loan 3: total PPI premiums £1774
plus interest on premiums paid £ 609.68
plus 8% interest £1366.75

total award of compensation £3750.43


On my calculations, taking the 8% on £1774 + 609.68 (£2380)

Charging interest from 19/07/01 to 13/08/2011 on £2380 = £1,901.91

So by that, purely on loan 3 they are £535.16 out

BUT they may only be adding the 8% from the date each PPI payment was made to the current date?[/FONT]

Riggsy1367

tifosi wrote: »

I chucked that into word to change the font - that was playing havoc with my eyesight![FONT=&quot]
[/FONT]

Are you sure it's only my fonts that're making you go blind??!!??;);)

di3004

Riggsy1367 wrote: »

Reclaiming 3 loans from Egg going back to 2001.

Started reclaim in June this year.

Loan 1: 27/03/01 for 60 months
Amount £15000
PPI £ 2403
APR 9.5% Monthly payment £397.43
Topped up with Loan 2 19/07/01
Rebate £2063.18

Loan 2: 19/07/01 for 60 months
Amount £8075
PPI £1432.50
APR 9.5% Monthly payment £203.15

Loan 3: 19/07/01 for 60 months
Amount £10000
PPI £1774
APR 10.2% Monthly payment £247.63

Their offer arrived today and is

Loan 1 + 2: total PPI premiums £3835.50
plus interest on premiums paid £ 604.22
plus 8% interest £1391.52
less any previous rebate paid £2063.18

total award of compensation £3768.06

Loan 3: total PPI premiums £1774
plus interest on premiums paid £ 609.68
plus 8% interest £1366.75

total award of compensation £3750.43

Two cheques for a total of £7,518.49!!!!!!!!

Thank you to all the stalwarts on here, Di, Amersall, Marksman, Tifosi, IANC, and Niggly, if you could just cast your spreadsheet over the figures I'd be much obliged....

Well done to you!:T & Many Congratulations!:beer:
Its been our pleasure x:A

I see Tifosi have worked them out for you.:T

The_Marksman

lainie0104 wrote: »

What were you reclaiming:PPI on credit card from 2001
Who was the provider: Lloyds TSB
How much did you get back: £1570.42
Did you get it back after a letter or did you go to the Financial Ombudsman: Financial ombudsman
And then write your brief reclaim tale: I sent the first template letter on 24/08/09 and adjusted to my own needs. Lloyds said no and I went to the ombudsman who upheld my complaint, but Lloyds ignored them. Finally after almost 2 years Lloyds are paying out.

Patience is required with Lloyds, but it looks like they're starting to move:T

Good luck to everyone still waiting and thanks to all:)

:rotfl::j:beer: WELL DONE :beer::j:rotfl:

The_Marksman

Riggsy1367 wrote: »

Reclaiming 3 loans from Egg going back to 2001.

Started reclaim in June this year.

Loan 1: 27/03/01 for 60 months
Amount £15000
PPI £ 2403
APR 9.5% Monthly payment £397.43
Topped up with Loan 2 19/07/01
Rebate £2063.18

Loan 2: 19/07/01 for 60 months
Amount £8075
PPI £1432.50
APR 9.5% Monthly payment £203.15

Loan 3: 19/07/01 for 60 months
Amount £10000
PPI £1774
APR 10.2% Monthly payment £247.63

Their offer arrived today and is

Loan 1 + 2: total PPI premiums £3835.50
plus interest on premiums paid £ 604.22
plus 8% interest £1391.52
less any previous rebate paid £2063.18

total award of compensation £3768.06

Loan 3: total PPI premiums £1774
plus interest on premiums paid £ 609.68
plus 8% interest £1366.75

total award of compensation £3750.43

Two cheques for a total of £7,518.49!!!!!!!!

Thank you to all the stalwarts on here, Di, Amersall, Marksman, Tifosi, IANC, and Niggly, if you could just cast your spreadsheet over the figures I'd be much obliged....

:rotfl::rotfl::rotfl::j:j:beer::beer: WELL DONE :beer::beer::j:j:rotfl::rotfl::rotfl:

The_Marksman

boycey01 wrote: »

Thanks
Who's Tony and Paul???
Well for one i'm female! Lol

female you say............. ok i wont start! lol private joke :rotfl:

i told my friends how to reclaim & their boyce's too