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Waiting for PPI claim payment
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ForisterArm
Posts: 1 Newbie
Hi Can anyone help me?
After a long hard battle Barclay's have finally accepted they mis-sold me PPI and are going to make me an offer. I was fortunate in that I had the original paperwork & bank statement showing the final payment (sheer laziness on my part that it wasn't thrown out - so no I'm not well organised) and reconstructed the loan based on that. Anyone able to tell me what the offer should be based on the following claim?:
Loan £8000 Taken out 27/06/1990 (1 st repayment 27/07/1990)
PPI £1513.11
Total Loan £9513.11
Interest Rate 21.55%
Repayment £262.04 per month over 60 months (of which £41.08 was for the PPI)
Loan was paid in full after 60 months with no late payments etc and the PPI was added to the loan right at the get go.
I need to know what I should expect to get as I really don't trust them to do the right thing - it's taken me a long time just to get to the point of getting them to admit to mis-selling. I do know that from the date of the loan to 30/03/93 15% is used for statutory compensation and thereafter it is 8% until 28/02/15 (they initially offered me a goodwill gesture of £1800.00 which I rejected). I feel sure these "goodwill gestures" are for them to put a peg in the sand as being a settlement date so that whilst they keep trying to fight it & subsequently fail you cannot claim any more compensation past that date (in my case 7 months later!)
If unable to advise me does anyone have a spreadsheet that I can try & use (I'm not very good with office based techno stuff but I'll certainly give it a go - my wife has helped me compile this and I'm sure she would help me with a spreadsheet).
Thanking you in advance
After a long hard battle Barclay's have finally accepted they mis-sold me PPI and are going to make me an offer. I was fortunate in that I had the original paperwork & bank statement showing the final payment (sheer laziness on my part that it wasn't thrown out - so no I'm not well organised) and reconstructed the loan based on that. Anyone able to tell me what the offer should be based on the following claim?:
Loan £8000 Taken out 27/06/1990 (1 st repayment 27/07/1990)
PPI £1513.11
Total Loan £9513.11
Interest Rate 21.55%
Repayment £262.04 per month over 60 months (of which £41.08 was for the PPI)
Loan was paid in full after 60 months with no late payments etc and the PPI was added to the loan right at the get go.
I need to know what I should expect to get as I really don't trust them to do the right thing - it's taken me a long time just to get to the point of getting them to admit to mis-selling. I do know that from the date of the loan to 30/03/93 15% is used for statutory compensation and thereafter it is 8% until 28/02/15 (they initially offered me a goodwill gesture of £1800.00 which I rejected). I feel sure these "goodwill gestures" are for them to put a peg in the sand as being a settlement date so that whilst they keep trying to fight it & subsequently fail you cannot claim any more compensation past that date (in my case 7 months later!)
If unable to advise me does anyone have a spreadsheet that I can try & use (I'm not very good with office based techno stuff but I'll certainly give it a go - my wife has helped me compile this and I'm sure she would help me with a spreadsheet).
Thanking you in advance
0
Comments
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1513.11 plus the interest added to it, plus 8% simple interest from when you paid it off. But it's sliding scale 8% so you'd have to work that out.Non me fac calcitrare tuum culi0
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