PPI Reclaiming discussion Part II

di3004

After I have cleaned around the house, I am going to sort out what claims I have to get on with, :rolleyes: .

Like you all here there is paperwork everywhere, SAR's from different finance firms, you name it just stacks of it.:eek:

Going through some of it last night, I again come across some of the comments made by Nemo when we were telling them on the loan advance that we will arrange a stand alone cover elsewhere, where they did not allow us to do.....:mad: , the comments said "Mr & Mrs XXXX tried to cancel the ppi, I managed to talk them out of it" :eek: , and lots of other silly comments on the paperwork too.

I know our Laini will win her claim against these and she has also admitted they are not as easy as it was with her other complaint - FP I believe, but Laini has solid ground here and she will get through this.;)

marshallka

di3004 wrote: »

I added those figures on here last night again.....:rolleyes: , and it all comes down to how they have calculated the rebate, it all adds up to that of the amount of the PPI, and shows the amounts separately such as so much of it went on the LASU commission and so on minus the cancellation amount.
Think that is right anyway......

You need a breakdown of that 3K figure for settlement..

di3004

marshallka wrote: »

You need a breakdown of that 3K figure for settlement..

Cheers hun.;)

I am being dizzy here again now hun, but when calculating for rebate are they supposed to use both the loan and ppi to do this? because the bit I added above that was calculated was just that of the ppi and not the loan .

marshallka

di3004 wrote: »

Cheers hun.;)

I am being dizzy here again now hun, but when calculating for rebate are they supposed to use both the loan and ppi to do this? because the bit I added above that was calculated was just that of the ppi and not the loan .

When they calculate the rebate they use the total loan and the loan included a PPI as the PPI was in fact another loan.

You borrowed 43K and PPI was £8K then you paid for 9 months and then settled at £43000 again.

43000 Loan
8492 PPI
51492 Loan total

repayments 9 x 370.53 = 3334.77 which included PPI as well

Remaining £48157 + interest
Settled 43559.29

marshallka

Di, going to post you an example of Firstplus when i wanted to settle after 10 months. Just going to find it and all the figures.

marshallka

LOAN 17000
PPI 4163
TOTAL LOAN 21163
22 X 281.25 6187.50
Remaing after £14975 + interest



TOTAL REMAINING UNDER AGREEMENT 36855.01
LESS REBATE FOR EARLY SETTLEMENT 15997.33
ADMIN CHARGE 30
TOTAL PAYABLE 20887.68

(THIS was our settlement after 22 months and check this against what we borrowed and then check what yours is like)

Look at our settlement after paying 22 months and its more than the orginal loan of £17K and look at yours and its only the £43K that you borrowed. On ours there was no rebate of PPI unlike yours. (we only actually borrowed 17K and would have repaid near on £21K - you borrowed £43K and then paid back £43K. We were charged the PPI in full nearly.

di3004

marshallka wrote: »

When they calculate the rebate they use the total loan and the loan included a PPI as the PPI was in fact another loan.

You borrowed 43K and PPI was £8K then you paid for 9 months and then settled at £43000 again.

43000 Loan
8492 PPI
51492 Loan

repayments 9 x 370.53 = 3334.77 which included PPI as well

Remaining £48157 + interest
Settled 43559.29

Thanks hun.

It think its the fact that the paperwork I added last thing last night only mentioned the PPI in the calculation and not that of the loan.

Such as PPI SINGLE POLICY THE AMOUNT OF THAT AND THE CALCULATIONS, BUT THAT ACTUAL PAPERWORK MENTIONED NOTHING ABOUT THE LOAN AMOUNT OF £43k IN THAT.

Only PPI £8492.50

(on that sheet nothing at all was mentioned of the loan) when they calculated this.
The loan and ppi was only shown on the breakdown calculation sheet that I first added here last night.

I do know what your stating though.

And even though it should have been £43 they have it as more as you know to carry over to the new loan where we have also lost out on almost £500 here too......

di3004

marshallka wrote: »

LOAN 17000
PPI 4163
TOTAL LOAN 21163
10 X 281.25 2812.50
Remaing after £18350.50 + interest



TOTAL REMAINING UNDER AGREEMENT 36855.01
LESS REBATE FOR EARLY SETTLEMENT 15997.33
ADMIN CHARGE 30
TOTAL PAYABLE 20887.68

Cheers hun
Very similar to mine.
When was yours taken out now with FP ?;)

di3004

marshallka wrote: »

LOAN 17000
PPI 4163
TOTAL LOAN 21163
10 X 281.25 2812.50
Remaing after £18350.50 + interest



TOTAL REMAINING UNDER AGREEMENT 36855.01
LESS REBATE FOR EARLY SETTLEMENT 15997.33
ADMIN CHARGE 30
TOTAL PAYABLE 20887.68

Look at our settlement after paying 10 months and its more than the orginal loan of £17K and look at yours and its only the £43K that you borrowed. On ours there was no rebate of PPI unlike yours.

Yes thx hun, I see your point here.;)

marshallka

di3004 wrote: »

Cheers hun
Very similar to mine.
When was yours taken out now with FP ?;)

Its not similar though as they charged us the PPI and did not repay it to us and we still owed more than we borrowed by a few k and yours was not.

we borrowed £17000 and would have repaid after 22 months £21000
you borrowed £43000 and repaid to them £43000 after 9 months.