PPI Reclaiming discussion Part II

di3004

Isn't Marshallka just so amazing :A :T , I have a job to keep up with her lol.....:o .

Janebo12

di3004 wrote: »

Isn't Marshallka just so amazing :A :T , I have a job to keep up with her lol.....:o .

I know what you meant Di - I have trouble with calculations like this and am rubbish with credit companies etc - which is probably why I got into so many problems with money in the first place! LOL :rotfl:

marshallka

marshallka wrote: »

Look at it this way,

£96.06 (the other part was to pay the PPI which was refunded) of your repayments were towards your loan then so 53 x 96.06 = 5091.18 so actually owing on your loan when you cancelled the PPI was this amount.

The full amount of the loan was 84 x 96.06 = 8069.04
Therefore you actually still owed £2977.86 of your loan when you cancelled.

ALso i am confused if you made 53 repayments and then it was cancelled why have you only got 24 left to pay (or 19 as they have reduced the term??) when that adds up to 77 months or only 72 if 19 months left??

If all you are repaying now is 19 x 110.81 = 2105.39???? add on the 270.83 that they credited your account with and this comes to 2376.22 and yet 2977.86 was actually owing when you requested the PPI back??

How much was your cheque from them without the statutory interest??

Its looks to me like you have done OK here

Cheque for the PPI and Interest 1048.44 (without stat int)
Credited to your account 270.83
total 1319.27 (slightly under by my reckoning)

still owing on loan when PPI was cancelled 2977.83 - 270.83= 2707.00 divide that by 31 months left (84 months repaid 53 months) £87.32 per month or there way

19 months left x 110.81 = 2105.39 so you are also better off by £601.61.


I am confused here.

So you actually repaid another 7 x 110.81 = £775.67 which means you are short in my eyes by £174.06

53 months with PPI, 7 months without PPI and then 19 remaining is 79 months so they knocked 5 months off the loan and then charged you £174.06 for doing this.

And also shorted by 1411.60 PPI and they repaid you in total 1319.27 which is again under by £92.33

174.06 under
92.33 under
266.39 under in total

but there was an admin fee of this of £375 so you are OK....you made some extra there by way of £108.61.

di3004

Janebo12 wrote: »

I know what you meant Di - I have trouble with calculations like this and am rubbish with credit companies etc - which is probably why I got into so many problems with money in the first place! LOL :rotfl:

Aww bless, not to worry hun, the main of us here have been in that trap.....:o , but hey your doing something about it now hun - and good on you.:D :T .

Di.
x

marshallka

janebo, there was an admin fee of £375.00 as well so you are OK

Janebo12

marshallka wrote: »

janebo, there was an admin fee of £375.00 as well so you are OK

OK - I'll stop confusing you for now!! (but just you wait until I get my calculations back from the Halifax he he he !!!)

Thanks again
Amanda

di3004

Marshallka I have pm'd you hun.:D

ednoni

Hi all,

Just a note to you guys that have claims at FOS and have been waiting for what seems like ages.

They are this week taking on at least 20 more adjudicators to deal with PPI claims so it may be quicker than first expected to resolve your complaints.

Good luck to you all.

di3004

ednoni wrote: »

Hi all,

Just a note to you guys that have claims at FOS and have been waiting for what seems like ages.

They are this week taking on at least 20 more adjudicators to deal with PPI claims so it may be quicker than first expected to resolve your complaints.

Good luck to you all.

Thank you so much for confirming this, that's a relief, I expect they heard us on here lol......:D , thank you for letting us know.:T :beer: . xx

marshallka

ednoni wrote: »

Hi all,

Just a note to you guys that have claims at FOS and have been waiting for what seems like ages.

They are this week taking on at least 20 more adjudicators to deal with PPI claims so it may be quicker than first expected to resolve your complaints.

Good luck to you all.

Brilliant, we have talked about this before.:j

How do you know this info???