PPI Reclaiming successes and failures

jodysenna

Hi Di,
thanks for the info, how is the extra intrest worked out ? wat % many thanks
Jody

moomoo4444

Just got back in and had a telephone message from Chris at LLoyds bank so i phoned him back to be told that £16,608.58 will be paid into my account tomorrow !!!!!!!!!! I had my letter from them on the 8th september so 21 days is pretty quick .This was for my credit card i have had for years :T

I also recieved today a letter stating that £8,096.43 will be paid in within 21 days of the letter for my loan from Lloyds !!!!!!!!:beer:
So just barclaycard that will go off to the FOS as they didnt uphold my 2 old credit card ones :mad:
Once again a massive thank you to all on this site cos without you all,I would have not done anything about missold PPI

di3004

queenie238 wrote: »

please help...feel a right melon but dont get these figures!!
offer letter as follows from firstplus.....
a original ppi policy. £3188.80
b interest incurred due to ppi. £212.02
c less any previous claims. £0
d less early settlement. £2657.33
e total refund for this loan. £743.49
f value of 8% per annum simple interest £988.79

final loan
m final ppi policy. £4384.60
n interest incurred due to ppi. £1947.70
o less any previous claims. £0
p less early settlement £32.82
q total vaue of refund. £6299.48
r 8% per annum simple interest. £8980.22

i phone fp to clarify what we would actually recieve and i was told we would have 4 cheques for figures e,f,q and r....which seems quite a lot of money!! how can the 8% interest figures be so high?? i think the figure are wrong but would really appreciate some input from someone who could advise, thanks in advance

Well done on your success.:beer:
Hopefully someone will be here soon to check the calcs out for you, good luck.

di3004

flossy35 wrote: »

ooops.Please forgive me.Am new to this.

The loan was £8.000.00
PPI £2.696.82
Apr 14.9%
I took the loan in july 2007
number of repayments 84
Monthly repayment is £149.79 and the ppi is £50.50,so i am paying £200.29 a month.

The loan is still active!!

I there

Wishing you luck on your reclaiming, and someone will be here soon with a bit of luck, to check these for you.;)

di3004

smitchy73 wrote: »

Hi flossy it's cool,
By my calculations youd be due to get back
51 x 50.50 = £2575.50, plus
8% interest on each payment from when it was made = £444.09
Making a total of £3019.59, this is just a rough figure making payment on first of month and last payment made on 1st september, and thats to date, obviously it may be a couple of months before you get your decision and you may have more monthly payments to make but you'll get more interest as that should work this out to when they are refunding you.

Good luck, welcome to the forum and if there's anything else don't hesitate to ask.:D

Oops :eek: sorry hon, I missed your post again lol :rotfl:;)

moggy2009

di3004 wrote: »

Hi Moggy
Have you also tried emailing the CEO of Barclays?
Tell them its a simple question and your not happy with being fobbed off with the same old answer that they don't know!
Tell them as a valued customer of the bank you believe they should treat you fairly and give a firm answer, keep at them, good luck.;)

I already have twice the first time i was sent a letter basically saying your in the same boat as everyone else youll have to wait i emailed him last week and havent yet recieved a reply to which i probably wont :mad::mad::mad::mad:

di3004

jodysenna wrote: »

Hi Di,
thanks for the info, how is the extra intrest worked out ? wat % many thanks
Jody

Hi Jody, your welcome

I know it varies from credit card to loan ppi interest and I'm sure someone will be along soon to explain this for you, meanwhile below is how the FOS calculates refunds, so check these for examples to go on with - until someone comes along, good luck x
https://forums.moneysavingexpert.com/discussion/1596473

di3004

moomoo4444 wrote: »

Just got back in and had a telephone message from Chris at LLoyds bank so i phoned him back to be told that £16,608.58 will be paid into my account tomorrow !!!!!!!!!! I had my letter from them on the 8th september so 21 days is pretty quick .This was for my credit card i have had for years :T

I also recieved today a letter stating that £8,096.43 will be paid in within 21 days of the letter for my loan from Lloyds !!!!!!!!:beer:
So just barclaycard that will go off to the FOS as they didnt uphold my 2 old credit card ones :mad:
Once again a massive thank you to all on this site cos without you all,I would have not done anything about missold PPI

WOW, that is so fab! :T:j Well done and Congratulations!:beer: Excellent stuff! :T

di3004

moggy2009 wrote: »

I already have twice the first time i was sent a letter basically saying your in the same boat as everyone else youll have to wait i emailed him last week and havent yet recieved a reply to which i probably wont :mad::mad::mad::mad:

Doh! what are they playing at the muppets!!!!
If this was me, I would be asking my MP to contact them on my behalf, if you've a good local MP, maybe they can help push the boat for you, well I certainly hope so anyway. x

moggy2009

di3004 wrote: »

Doh! what are they playing at the muppets!!!!
If this was me, I would be asking my MP to contact them on my behalf, if you've a good local MP, maybe they can help push the boat for you, well I certainly hope so anyway. x

im getting really sick og getting in touch with them you wait most of the time at least half an hour before they tell you ,we cant tell you anything i could scream aaaaaaarrrrrrgggggghhhhhhhh:eek::eek::eek::eek: