PPI Reclaiming discussion Part II

angelwillow

di3004 wrote: »

Thanks hun
Well if they are unclear, it maybe worth asking if they can send you a written full explanation through the post.;)

Meanwhile if you have not added these on here yet, maybe if you add what you have of them, they will get checked which may give you some idea.
Marshallka worked out mine for me.;)

Please remind me, who was this with ?
I settled mine in Nov 2005, it was a loan for 25 years taken out July 2004, settled as you can see many years earlier.

It was with Alliance & Leicester for £7500 over 36 months. Monthly payments were £269.22 the first being May 2004 and the last April 2005.
These are the figures that they gave me
Outstanding balance £6,461.28
Rebate of interest £392.23
Rebate of insurance premium £360.11
Settlement amount £5,708.94

Do you need any more info?

marshallka

6.2.2 As with cancellation rights generally, concern arises particularly where such
a term could be used at the discretion of the supplier. But even a more
restricted right to cancel, for example, along lines indicated in paragraph
6.1.5, is likely to be unfair if it could allow retention of prepayments for

which the consumer has received no benefit.

di3004

angelwillow wrote: »

It was with Alliance & Leicester for £7500 over 36 months. Monthly payments were £269.22 the first being May 2004 and the last April 2005.
These are the figures that they gave me
Outstanding balance £6,461.28
Rebate of interest £392.23
Rebate of insurance premium £360.11
Settlement amount £5,708.94

Do you need any more info?

Cheers for this.
I am not too sure what is required for this altogether, but maybe Marshallka could confirm this when she has a minute.;)
I am sure if any further info is needed Marshallka will say.

Hopefully you will not have to request the explanation from the firm of how this was worked out.

Typical isn't it ?
A & L just recently being fined for mis selling ppi, don't know how you was sold yours, phone or internet etc but as I expect you are aware the complaints as always are going from Jan 2005....... , just so unfair isn't it, knowing this mis selling have been going on for many more years.....:rolleyes:

marshallka

angelwillow wrote: »

It was with Alliance & Leicester for £7500 over 36 months. Monthly payments were £269.22 the first being May 2004 and the last April 2005.
These are the figures that they gave me
Outstanding balance £6,461.28
Rebate of interest £392.23
Rebate of insurance premium £360.11
Settlement amount £5,708.94

Do you need any more info?

How many payments did you make until you settled??

What amount was the PPI without interest

angelwillow

Yeah I did notice mine was just before the time they were fined for.
I have already written to them about that but they are still 'looking into it'.

angelwillow

marshallka wrote: »

How many payments did you make until you settled??

What amount was the PPI without interest

I made 12 payments.

PPI was £947.97 plus 9.5% interest making it £1087.56 total.

di3004

angelwillow wrote: »

Yeah I did notice mine was just before the time they were fined for.
I have already written to them about that but they are still 'looking into it'.

Glad you have already wrote to them.
Hope they pay back every penny - good luck !:D

angelwillow

They have about another 2 weeks to reply.

moneysaver1234_2

Hi people,

I'm about to contact Beneficial finance to claim back PPI, now I can find a HQ address but can't find the correct department to deal with PPI /complaints could anyone possibly tell me who and where to address this letter to at Beneficial Finance??? :S

Thanks

all help needed

di3004

angelwillow wrote: »

They have about another 2 weeks to reply.

Not long now then ?:D

Its the waiting that's the worse isn't it ?
And because you know time is getting nearer it gets you all anxious....:rolleyes: .
With a bit of luck you will have some good news well before the 2 weeks are up.;)