PPI Reclaiming discussion Part II

Feebs

A couple of questions - has anyone claimed ppi from First National Bank (now GE Money) also......can you definitely only claim back 6 years. The reason I ask is that I've looked back on my First National Bank Secured Loan (paid off) and think the six years is up in about 2 weeks ?

By the way I'd just like to say a huge thank you for all the brilliant help given on here - Marshallka, Di3004, Tiggrae in particular have been so helpful to me They also never make you feel daft when you ask questions....BIG THANKS FROM ME xx

Feebs

mlucyminx

oh and my biggest bugbear OCEAN BLOOMING FINANCE and anyone they sell on behalf of

di3004

singlep wrote: »

Allliance and Leicester have been fined £7m for misselling PPI.

Thanks Singlep.;)

marshallka

singlep wrote: »

Allliance and Leicester have been fined £7m for misselling PPI.

Wow another thats another one then... how many more to go now!!!

di3004

mlucyminx wrote: »

Hi there,

Marshallka or di, I was wondering if you could give me some advice as you both look like you are good with figures.

I took out a loan with barclays for £4,000 premium loan was £738.86 = £4,738.86
Total amount payable was Cash loan £5357.88 and premium loan 989.64 = £6,347.52

Monthly payments were cash loan £148.83 + £27.49 = £176.32

I made one payment of £176.00 and then 7 payments of £176.32 and paid the loan off in full with the figure of £4,024.44 making total payments of £5,434.68

I have worked out the difference at £912.84 but barclays have made an offer of £475.65 this includes the 8% interest and this has also come through FOS.

Does this figure seem correct to you?

Hope you can help

Hi hun
Going from what I can work out it looks correct to me, however, Marshallka will be back soon and she is the one that will be able to assure you.;)

Good luck.
Di.
x

marshallka

Feebs wrote: »

A couple of questions - has anyone claimed ppi from First National Bank (now GE Money) also......can you definitely only claim back 6 years. The reason I ask is that I've looked back on my First National Bank Secured Loan (paid off) and think the six years is up in about 2 weeks ?

By the way I'd just like to say a huge thank you for all the brilliant help given on here - Marshallka, Di3004, Tiggrae in particular have been so helpful to me They also never make you feel daft when you ask questions....BIG THANKS FROM ME xx

Feebs

Get your complaint in right now. Its from when you compained i think... there are other rules that the FOS can apply besides so i was told.

Also did you use a broker for this???

marshallka

mlucyminx wrote: »

Hi there,

Marshallka or di, I was wondering if you could give me some advice as you both look like you are good with figures.

I took out a loan with barclays for £4,000 premium loan was £738.86 = £4,738.86
Total amount payable was Cash loan £5357.88 and premium loan 989.64 = £6,347.52

Monthly payments were cash loan £148.83 + £27.49 = £176.32

I made one payment of £176.00 and then 7 payments of £176.32 and paid the loan off in full with the figure of £4,024.44 making total payments of £5,434.68

I have worked out the difference at £912.84 but barclays have made an offer of £475.65 this includes the 8% interest and this has also come through FOS.

Does this figure seem correct to you?

Hope you can help

I will have a go for you now. Give me a min..How many months over?

edit 36 months

PPI element is 15.59%
So 27.49 is correct. 27.49 x 8 payments is what you paid 219.92
total ppi 989.64 - 219.92 - 418,52 = 351.20
then 219.92 + 351.20 = 571.12

Did you get any rebate of the PPI for settling early..we need to know this figure before anything can be worked out??

Where you say you worked out the difference between the two figures and then came up with £912.84, that is the difference between what you should have paid originally and what you settled at as this was early settlement and this was in your favour. What we need to do to work out your PPI if you got this back for misselling is find the rebate applied at settlement.

di3004

Feebs wrote: »

A couple of questions - has anyone claimed ppi from First National Bank (now GE Money) also......can you definitely only claim back 6 years. The reason I ask is that I've looked back on my First National Bank Secured Loan (paid off) and think the six years is up in about 2 weeks ?

By the way I'd just like to say a huge thank you for all the brilliant help given on here - Marshallka, Di3004, Tiggrae in particular have been so helpful to me They also never make you feel daft when you ask questions....BIG THANKS FROM ME xx

Feebs

Aww thanks feebs.:T , we appreciate your lovely comments, and not to forget we have all been there and we all learn from this.:beer: xx

mlucyminx

marshallka wrote: »

I will have a go for you now. Give me a min..How many months over?

Hi there it was over 36 months

pinknico

Thats a huge amount , have they got it?

I rang Central capital and they bent over backwards to help me. I was told to email a letter to them in case they don't receive the one from future and given a direct line telephone number. It made a refreshing change not to be fobbed off