PPI Reclaiming discussion Part II

marshallka

angelwillow wrote: »

I made 12 payments.

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

PPI element of the loan was 11.21%

repayments 269.22 x 11.21% = 30.17 x 12 repayments

30.17 x 12 = 362.04
total PPI 1087.56 - repayments made 362.04 - rebate 392.23 = 333.29

333.29 + repayments 362.04 = 695.33 Total PPI paid + you need to add statutory interest to that.

This is how tiggrae does them and it does work on yours too...

angelwillow

Sorry but I'm abit confused..........so my settlement figure was right?

di3004

angelwillow wrote: »

Sorry but I'm abit confused..........so my settlement figure was right?

If both yours and Marshallka worked out the same then yes you must have worked this out correctly, not to forget to add the stat interest too like what Marshallka said.;)
A bit more again on top.:D

angelwillow

Sorry for sounding stupid but I'm kinda lost.
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

di3004

Marshallka, forgot to tell you my sister checked over the one you also did for me the other day too (lloyds) and without looking at yours she worked it out the same as you.......:D , thank you.;)

I have given her copies of the other agreements now, she has taken them home and when she has some time to herself she says she will take a look.;)

di3004

angelwillow wrote: »

Sorry for sounding stupid but I'm kinda lost.
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

So they had rebated or taken off the amount of £752.34 of the PPI plus interest then, is that correct hun ?
And the rest of what they owe you is that of the remainder of the ppi plus whatever of the stat interest ?

I have not got a clue when it comes to maths......:o

So this would be the total to reclaim and the interest will be on top of that again, like what Marshallka has also worked out here:

"333.29 + repayments 362.04 = 695.33 Total PPI paid + you need to add statutory interest to that."

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?

Angelwillow, I thought it was a misselling of the PPI that you were after. I don't know if the settlement is ok or not. I thought you had settled and gone for the PPI back and wanted to know how much you paid..but looking now settlement looks fine..

maxdp

Good morning All

Cannot get use to the clock changes. Usually get up 6.30 ish so was up 5.30 this morning:D

Am waiting to hear back from FOS re My Barclays complaint still not heard from them about my new settlement:rolleyes:

A and L with Adjudicator now:j

Lloyds PPI credit card and Barclaycard PPI credit card sent message on Friday asking when they thought it may be with Adjudicator, been in since Feb (thought it was earlier but checked paperwork and was mistaken). Awaiting response:rolleyes:

Awaiting one of my unmentionables which may go to counsel for preparation for court this week if reply not received:eek:

Really hope postman has not got use to time changes and comes early:D

marshallka

maxdp wrote: »

Good morning All

Cannot get use to the clock changes. Usually get up 6.30 ish so was up 5.30 this morning:D

Am waiting to hear back from FOS re My Barclays complaint still not heard from them about my new settlement:rolleyes:

A and L with Adjudicator now:j

Lloyds PPI credit card and Barclaycard PPI credit card sent message on Friday asking when they thought it may be with Adjudicator, been in since Feb (thought it was earlier but checked paperwork and was mistaken). Awaiting response:rolleyes:

Awaiting one of my unmentionables which may go to counsel for preparation for court this week if reply not received:eek:

Really hope postman has not got use to time changes and comes early:D

Morning maxdp, mine is the opposite, I usually get up at 6.30 but today 8.30 for some reason, probably due to being on the computer looking up these rebate things til 1.00ish:o
Can't wait for the unmentionables one...

maxdp

marshallka wrote: »

Morning maxdp, mine is the opposite, I usually get up at 6.30 but today 8.30 for some reason, probably due to being on the computer looking up these rebate things til 1.00ish:o
Can't wait for the unmentionables one...

Oh lay in lovely.

I cant wait to hear cause cannot believe it will go ahead am not usually one of the lucky ones