Help, i'm confused, I have cancelled PPI BUT my payment are weird or are they

IWANTSOMEMONEYHONEY

hi

I took out a loan in 21/03/03

loan amout £8500


with interest £13307.28


84 x monthly payments OF £158.42


INSURANCE DETAILS

AMOUNT £2556.38

INTERSET £1445.38

TOTAL PAYABLE £4001.76

APR 13.9%

TOTAL AMOUNT A SHOCKING £17309.04

84 X £206.06


In june this year I cancelled my ppi and this is what my letter from the creditors said

Insurance cancelled and a rebate of £673.91 has been credited to my loan. This has reduced my balance to £6,744.25 and monthly installments to £187.34.


I'm confused , if I should have only paid £158.42 before the insurance was added , and i paid £206.06 after , why then when i cancelled the policy do I pay £187.34 ?

When I cancelled the ins , i expected it too come down to the original amount of £158.42

Any ideas??

please help

p.s I think I have worked out that I might end up paying just over a £1000 more than I should. please help x

Caro

IWANTSOMEMONEYHONEY

can anyone help, please x x