PPI Reclaiming discussion Part II

maxdp

x_deano_x wrote: »

Just wondering if someone can answer a question for me?
I've used Martins template to claim back my PPI cash from Capital One. It's signed sealed and just about to be delivered. Anyway! Im currently on an IPP (Informal Payment Plan) and Capital One are one of my creditors who are on it. Will I have any trouble from Capital One for attempting to claim back my Payment Protection Insurance.....basically can I do it and will it affect my IPP agreement??? Cheers.

Hi Deano

Am sure if Tiggrae comes on she will be able to help with your IPP have you posted on Bankruptcy forum they hav e some very helpful people on there. Not saying people cannot help here but copy and paste on there as well.:D

maxdp

OMG got two stars and did not even realise.:beer:

marshallka

maxdp wrote: »

OMG got two stars and did not even realise.:beer:

Congrats:beer: :j

x_deano_x

Excellant! Thanks guys, I'll give that bankrupsy thread a shot aswell. I dont want to be rushing to the postbox to soon incase I shoot myself in the foot. Cheers.

maxdp

marshallka wrote: »

Congrats:beer: :j

Thank you.:D

tiggrae

di3004 wrote: »

Sorry to but in here folks........:o .

I am curious on this but as from sometime in 2005 if taking out a payment protection insurance with a loan or whatever, are they supposed to be on separate agreements anyway? okay mine wasn't but I am sure I did actually read something on this some time ago

hi di yes I'm sure you're supposed to receive a separate agreement for the loan and the PPI

sarahc5388

maxdp wrote: »

OMG got two stars and did not even realise.:beer:

congratulations!

sarahc5388

tiggrae wrote: »

hi di yes I'm sure you're supposed to receive a separate agreement for the loan and the PPI

hi! how are you

tiggrae

quisait wrote: »

Hi folks

I've just had a letter today saying that I am going to get a full refund of my PPI plus interest.

Can I ask what am I looking to get back?

I took out a loan over 6 years. Over that 6 years I was going to be charged £2131.20 PPI plus interest of £414.00

I paid off the loan after three years.

Does that mean I can basically divide £2545.20 by 72 months to get £35.35 and then times this by 36 to arrive at my refund?

The wording is basically this "we have decided to pay you an amount which will put you back in the position you would have been in had you not taken the insurance".

I did phone them and ask what I would get but was told that another department deals with that.

When pushed further I was told that it was being classified as a full refund of the premiums that I had paid.

Any advice is greatly and eagerly anticipated!

no it would be more then that as when you paid your loan off after 3 years part of the amount you repaid would be for the PPI element along with the loan capital - you need to find the paperwork for the settlement to see how much (if anything) you were rebated for cancelling the PPI element

tiggrae

amtrakuk wrote: »

Thanks... Already done my draft letter ready for recorded delivery tomorrow. I've paid 236.39 over 39 months. Am I right in thinking PPI is about 15% (Im sure i read that on here somewhere). If the claim is successful, would i get 15% of the £9219.21 paid?

there is no average - but you can work out the percentage of the monthly premium is ppi if you know what was the loan amount and the ppi amount