PPI Reclaiming discussion Part II

marshallka

singlep wrote: »

This is not really unfair provided the proportion is reasonable as required by FSA. This clause allows customers to cancel and get some refund when their circumstances change, e.g employment and is not there as a potential misseling issue. What is unfair about FP is that they spread the PPI loan interest over the term of the loan and not over the 5 year term of the PPI and most people do not realise this. Expensive!

Yeah, all us Firstplus customers know that. Really expensive and i think where they say it is not in proportion is unfair really. I belive in something being propoptionate myself. Firstplus are the biggest rip offs out and i am so glad they have closed to new business now.:j

Their "not in proportion rebates" are not fair and the fact they add the interest to the full term of the loan is also unfair so really there is nothing fair about firstplus and their ppi at all.:D

Thanks singelp

niemowle

marshallka wrote: »

Have you already been advised that this is being repaid or it that you want to ask for a specific figure from them?

hi marshallka,
Barclays just phoned me and left a massage, so i just want to be ready and have a figure in my mind as i don't have a clue of what to expect, what do you think
niemowle

marshallka

niemowle wrote: »

hi marshallka,
Barclays just phoned me and left a massage, so i just want to be ready and have a figure in my mind as i don't have a clue of what to expect, what do you think
niemowle

singlep answered this before and said that maybe it would be best to let them make the offer and then post it on here for someone to look over. No-one is on at the moment to check but i am sure someone will be later or tomorrow. What a time to be ringing you...

di3004

marshallka wrote: »

Here now Di. I can't do the workings on this either so lets hope Tiggrae comes on later.:D

Been quiet on here as its bank holiday weekend and people are having breaks from their problems i guess...

Hi hun,

Yes it seems that most are chilling away over the bank holiday weekend doesn't it ?:D .

(I have been doing puter updates again).....:rolleyes:

niemowle

niemowle wrote: »

Can I please ask for help in calculating the following?

I am claiming back on my PPI and so can I expect that the PPI will be taken off the loan, the interest will be recalculated having the PPI removed and refund on overpayments.

Details of loan are as follows:

• Single premium policy
• Loan taken out on 26/01/07 and still active
• Amount of the loan is £10,000 over 10 years
• Charge for credit is £6,208.40
• PPI is £3,887.33 + interest on this of £2,413.87 = £6,301.20
• Monthly payments are £135.07 + PPI £52.51 = £187.58
• To date made 17 payments and skipped only one payment in June 08

Your help would be very much appreciated and thank you in advance.

Niemowle

PS.i have been refunded on my other loan already, so this is my last one with Barclays

i just would like to add the following as i forgot it yesterday, APR is at10.9% and the interest rate at 10.524% p.a.if someone still wolud like to help me out
thanks
niemowle
ps. i will use the calculator as well so thanks

di3004

marshallka wrote: »

singlep answered this before and said that maybe it would be best to let them make the offer and then post it on here for someone to look over. No-one is on at the moment to check but i am sure someone will be later or tomorrow. What a time to be ringing you...

I thought that on a "Sunday"......:rolleyes: , yes I agree to what you say hun, see what they have to offer, and not to give them a direct straight answer, then it can be worked out on here lata......:D .
I can't keep up with you today Marshallka hun.......:rolleyes: .;)

niemowle

di3004 wrote: »

I thought that on a "Sunday"......:rolleyes: , yes I agree to what you say hun, see what they have to offer, and not to give them a direct straight answer, then it can be worked out on here lata......:D .
I can't keep up with you today Marshallka hun.......:rolleyes: .;)

thanks , so i will wait for them to come back to me with some figures an then i will post it all here
niemowle

di3004

niemowle wrote: »

thanks , so i will wait for them to come back to me with some figures an then i will post it all here
niemowle

Yes defo hun and oops I should have added what I wrote in Marshallka's post in yours lol.....:o , I know she won't mine lol.....:D .

If possible also request they post this to you.;)

Good luck hunni.

Di.
x

marshallka

di3004 wrote: »

Hi hun,

Yes it seems that most are chilling away over the bank holiday weekend doesn't it ?:D .

(I have been doing puter updates again).....:rolleyes:

Hiya Di, keep missing you but will be back on later. Just catching up with some housework and sunday lunch.:D

di3004

Hiya Marshallka hun, yes I do keep missing ya lol......:rolleyes: .

I have lunch to sort out and trying to keep up with the washing and ironing lol, will get the iron in my hubby's hand later if I'm lucky.

Catch ya lata then hun.:D

Di.
x