PPI Reclaiming successes and failures

robbedofmymoney

di3004 wrote: »

Hi

Now that makes me think as well, because they did say with ours that they were calculating inline with the FOS which at first it looked wrong, and then it changed to the amount to what you worked out for me after I questioned them on this, so maybe......just maybe, they have to go through everyone's calculations again, due to the interest reasons.

Its making me think on the last 2 loan ppi I had back now, as some reckons it was about £300 lower than what it should have been......:eek:

i know to the exact penny what mine should be as i know the exact dates of start of loan, payments made, dates interest added etc, so it will be interesting to see what figure they provide me with.

if they are wrong i'm not sure if i should let my mate Eric :rotfl:know.


:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

never if they pay me too much

robbedofmymoney

di3004 wrote: »

To save looking back........was Smithy's loan or credit card ppi now?

2 loans
going back to 2000

di3004

robbedofmymoney wrote: »

i know to the exact penny what mine should be as i know the exact dates of start of loan, payments made, dates interest added etc, so it will be interesting to see what figure they provide me with.

if they are wrong i'm not sure if i should let my mate Eric :rotfl:know.


:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

never if they pay me too much

lmao :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

oh dear :rotfl::rotfl::rotfl:

di3004

robbedofmymoney wrote: »

2 loans
going back to 2000

Arh right......

Well my recent one goes back to settlement 2001, and the other 2 was on settlement one of 2004, and the one is an ongoing loan.:D

di3004

Let me get this right now.......

2001
2004 and
2007 this one is an ongoing loan, but the recent win is the 2001 settled account.

I do have another 2 to deal with (lloyds) but need to dig out more info, don't think I have everything though in the SAR.........:(

di3004

I think your right what you said though Robbedofmymoney, remember I posted up the amounts the other day from Lloyds?

When added up, its more or less what you said it would be when you worked it out before.;):j

Mind you at first they offered over £750, I said NOOOOOO Way, and said to them" if you look back on the other 2 complaints you have upheld this is the for same reasons and its obviously the complaint was not investigated properly" then I went on about the FSA, and within 3 days by email they apologised for sending the wrong decision and blamed it on an error..........:mad:

smithy1976

Hi guys

I will post exact figures when i have them ( they said a letter be out in 2-3 days)

I did get given the following figures over the phone

on the smaller loan settled in oct 2000

refund figure amounted to £575.39

interest on this was £425.81

total £1000.20p

the second loan settled in july 2003

refund figure £2,028.41

interest £654.and a few pence

total £2,683.06

The did say they they had a new system, as the poor girl didnt wanted to double check before they quoted any figures. but she found there new calulation sheet and gave me the above

Does there seem any logic to why it may be so high? not that im complaining, i just wont believe it untill i see it lol

robbedofmymoney

smithy1976 wrote: »

Hi guys

I will post exact figures when i have them ( they said a letter be out in 2-3 days)

I did get given the following figures over the phone

on the smaller loan settled in oct 2000

refund figure amounted to £575.39

interest on this was £425.81

total £1000.20p

the second loan settled in july 2003

refund figure £2,028.41

interest £654.and a few pence

total £2,683.06

The did say they they had a new system, as the poor girl didnt wanted to double check before they quoted any figures. but she found there new calulation sheet and gave me the above

Does there seem any logic to why it may be so high? not that im complaining, i just wont believe it untill i see it lol

its a different set of figures to before. thats why there is a big difference.

ie the second loan you'd mentioned they had given a rebate on settlement of 2300 odd on a ppi of 3000,

either way, well done on getting loads back.
:beer::beer::beer::beer:

di3004

This is what I posted up the other day on the most latest one of the recent win - via LLoyds, this was paid off in 2002

Mr & Mrs
17 June 2010
Ref:
PLC0


Dear

Thank you for your patience while I have calculated the refund on the Loan Protection Insurance Policy on the above loan. I have received your signed acceptance slip and can now confirm the details of your final refund. I have calculated your refund so that you are now back in the position that you would have been had you not taken out this policy.

Please allow up to 21 days for the refund to reach your account(s).

Your refund will include the following;

1) £261.57 - this is the amount that I have calculated that you paid for the policy during the period that the policy was active. When making this calculation I have only taken into account the actual payments that you made. This may be different to the payments set out in your original loan agreement, for example the figure may differ if you missed a payment.

2) £989.36 - this is an additional payment of 8% simple interest which we have calculated on the amount that you paid for the policy during the period it was active.

3) As you settled your loan early, I have also calculated the difference between the settlement balance you paid and what your settlement balance would have been if you had not taken out the policy. We will pay you this difference of £1299.19 with an additional payment of 8% simple interest.

Your refund will be paid directly to your current account.

I have calculated your refund in accordance with the Financial Ombudsman Service guidelines.
I trust that you are satisfied that your concerns have been addressed and would like to take this opportunity to thank you for contacting Customer Care.

Yours sincerely

robbedofmymoney

the 8% on the small premium seems very high, i would keep quiet:D

the figures look to be a bit funny, it would be good to see how this is broken down.

it could be the 8% shown is for both the 1299 and 261 added together. but it's not quite how they have worded it.