PPI Reclaiming discussion Part II

gamekeeperturnedpoacher

Well done Kaia.

Re your settlement and the 8% apr

I thought I had read you took your loan out in 2000 so surely your interest is 8% apr from 2000, 8 years not 5? After all you have been without that money for 8 years? If I have this wrong then sorry..

ppi 2023.33 int 1819.77 3843.10 Term 60.00 month ppi 64.05 a YEAR ppi + interest 768.62 b INT 8% YEAR 1 61.49 c YEAR 1 TOTAL 830.11 a + b d YEAR 2 START 830.11 see cell c e YEAR 2 END 1598.73 a + d f INT 8% YEAR 2 END 127.90 e + 8% g YEAR 2 TOTAL 1726.63 e + f h YEAR 3 START 1726.63 see cell g i YEAR 3 END 2495.25 a + h j INT 8% YEAR 3 199.62 i + 8% k YEAR 3 TOTAL 2694.87 I + j l YEAR 4 START 2694.87 see cell k m YEAR 4 END 3463.49 a + k n INT 8% YEAR 4 277.08 m + 8% o YEAR 4 TOTAL 3740.57 m + n p YEAR 5 START 3740.57 see cell o q YEAR 5 END 4509.19 a + p r INT 8% YEAR 5 360.73 q + 8% s YEAR 5 TOTAL 4869.92 q + r t Interest due on 5 years 1026.82 u INTEREST YEAR 6 82.15 t + 8% v TOTAL YEAR 6 1108.97 t + u w INTEREST YEAR 7 88.72 v + 8% x TOTAL YEAR 7 1197.68 v + w y INTEREST YEAR 8 95.81 x + 8% z TOTAL YEAR 8 1293.50

Kaia wrote: »

Yes, thats just it, they are VERY EAGER for me to accept, I just need to make sure that everything is in order before I do, otherwise I may not be able to do anything more about it, cause we all know how crafty they can be. I want to be fully informed before I sign anything.
Thanks for you support as always Marshallka. x x x:A

gamekeeperturnedpoacher

Hi Kaia did that in excell hence fomat!! will be happy to email to you the spreadsheet but am certain if your loan was taken out in 2000 then your ineterst of 8% apr is wrong over 8 years..

GK

sarahc5388

Kaia wrote: »

Yes, thats just it, they are VERY EAGER for me to accept, I just need to make sure that everything is in order before I do, otherwise I may not be able to do anything more about it, cause we all know how crafty they can be. I want to be fully informed before I sign anything.
Thanks for you support as always Marshallka. x x x:A

Kaia, I'm still new to all this and still at the start of the process of reclaiming (have sent off my 1st letter), maybe you should ask yourself why they are so eager to settle before Mon? hope you asked for everything! if not maybe that's why they are so eager and they know that if it goes to court they will end up having to pay you a lot more. Keep smiling though - they all know they've done wrong and do their damdest to get away with it - in my books the offer is an admission of guilt (but maybe that's just me). Keep yer chin up i'm sure it will all come good in the end, everyone on here is great and i'm 100% positive that they won't let you get ripped off (anymore).;)

Kaia_2

gamekeeperturnedpoacher wrote: »

Hi Kaia did that in excell hence fomat!! will be happy to email to you the spreadsheet but am certain if your loan was taken out in 2000 then your ineterst of 8% apr is wrong over 8 years..

GK

Hi there GK
No it wasnt 2000 it was July 2002.
Sorry you went to all that trouble but thanks.

Kaia_2

sarahc5388 wrote: »

Kaia, I'm still new to all this and still at the start of the process of reclaiming (have sent off my 1st letter), maybe you should ask yourself why they are so eager to settle before Mon? hope you asked for everything! if not maybe that's why they are so eager and they know that if it goes to court they will end up having to pay you a lot more. Keep smiling though - they all know they've done wrong and do their damdest to get away with it - in my books the offer is an admission of guilt (but maybe that's just me). Keep yer chin up i'm sure it will all come good in the end, everyone on here is great and i'm 100% positive that they won't let you get ripped off (anymore).;)

Hi SarahC,
Thats right,I just wanted to double check with everyone on here, just to make sure I get it right, as they want me to accept today.
Great news, but not sure what happens after as my loan is still active....and I will be wanting to settle and get a better interest rate and possibly over a shorter period of time to become debt free sooner
Thanks for your support. x x x

Kaia_2

Read this article this morning.....Yesterday,the Competition Comission released its long awaited report on the mis-selling of PPI..

Link....
http://www.fool.co.uk/news/your-money/insurance/2008/06/05/the-death-of-rip-off-insurance.aspx?source=ioowftxt0010011

They are interested to hear peoples stories....so everyone send in your complaint! Inundate them, so they stop and listen!
If you’ve been let down or ripped off by a PPI policy, then email [EMAIL="PPI@cc.gsi.gov.uk"]PPI@cc.gsi.gov.uk[/EMAIL] or write to:
The Inquiry Secretary (PPI market inquiry)
Competition Commission
Victoria House
Southampton Row
London
WC1B 4AD

NiiMantse

Can anyone please give me some info on what the FSA says about telephone and internet Loan/PPI applications? I read something about it on this forum sometime ago but cannot for the life of me find it now. I have trawled thru all the pages but no joy!!! Help please!!!!!

m.colak

Kaia wrote: »

Read this article this morning.....Yesterday,the Competition Comission released its long awaited report on the mis-selling of PPI..

Link....
http://www.fool.co.uk/news/your-money/insurance/2008/06/05/the-death-of-rip-off-insurance.aspx?source=ioowftxt0010011

They are interested to hear peoples stories....so everyone send in your complaint! Inundate them, so they stop and listen!
If you’ve been let down or ripped off by a PPI policy, then email [EMAIL="PPI@cc.gsi.gov.uk"]PPI@cc.gsi.gov.uk[/EMAIL] or write to:
The Inquiry Secretary (PPI market inquiry)
Competition Commission
Victoria House
Southampton Row
London
WC1B 4AD

Morning Kaia I have only got twenty minutes this morning before i have a meeting so if you want to ask anything will answer now. Reference the email I would read it, put it down make yourself a coffee then re-read then re-read it again and make sure there isn't any additional clause's.

m.colak

sarahc5388 wrote: »

Kaia, I'm still new to all this and still at the start of the process of reclaiming (have sent off my 1st letter), maybe you should ask yourself why they are so eager to settle before Mon? hope you asked for everything! if not maybe that's why they are so eager and they know that if it goes to court they will end up having to pay you a lot more. Keep smiling though - they all know they've done wrong and do their damdest to get away with it - in my books the offer is an admission of guilt (but maybe that's just me). Keep yer chin up i'm sure it will all come good in the end, everyone on here is great and i'm 100% positive that they won't let you get ripped off (anymore).;)

Sarah your blank sheet is winging its way too you right now.

m.colak

NiiMantse wrote: »

Can anyone please give me some info on what the FSA says about telephone and internet Loan/PPI applications? I read something about it on this forum sometime ago but cannot for the life of me find it now. I have trawled thru all the pages but no joy!!! Help please!!!!!

http://www.opsi.gov.uk/si/si2004/20042095.htm