PPI Reclaiming discussion Part II

di3004

This is the settlement figure given on the 15th month and not that of 16th, it was paid off in that 16 months though.

Have I done this right, I added 15 months and not that of 300 ??;)


Monthly Payment 208.51 Total Finance Charge -20707.35 Annual Interest Rate -69.5023
For 15 months, the magic rule number is 120

Payment Schedule

Month Start Balance Interest Principal End Balance !!!. Int. Paid Interest left to Pay 1 23835.00 -2588.42 2796.93 21038.07 -2588.42 -18118.93 2 21038.07 -2415.86 2624.37 18413.70 -5004.28 -15703.07 3 18413.70 -2243.30 2451.81 15961.89 -7247.58 -13459.77 4 15961.89 -2070.74 2279.25 13682.64 -9318.32 -11389.03 5 13682.64 -1898.17 2106.68 11575.96 -11216.49 -9490.86 6 11575.96 -1725.61 1934.12 9641.84 -12942.10 -7765.25 7 9641.84 -1553.05 1761.56 7880.28 -14495.15 -6212.20 8 7880.28 -1380.49 1589.00 6291.28 -15875.64 -4831.71 9 6291.28 -1207.93 1416.44 4874.84 -17083.57 -3623.78 10 4874.84 -1035.37 1243.88 3630.96 -18118.94 -2588.41 11 3630.96 -862.81 1071.32 2559.64 -18981.75 -1725.60 12 2559.64 -690.25 898.76 1660.88 -19672.00 -1035.35 13 1660.88 -517.68 726.19 934.69 -20189.68 -517.67 14 934.69 -345.12 553.63 381.06 -20534.80 -172.55 15 381.06 -172.56 381.06 0.00 -20707.35 0

marshallka

di3004 wrote: »

This is the settlement figure given on the 15th month and not that of 16th, it was paid off in that 16 months though.

Have I done this right, I added 15 months and not that of 300 ??;)


Monthly Payment 208.51 Total Finance Charge -20707.35 Annual Interest Rate -69.5023
For 15 months, the magic rule number is 120

Payment Schedule

Month Start Balance Interest Principal End Balance !!!. Int. Paid Interest left to Pay 1 23835.00 -2588.42 2796.93 21038.07 -2588.42 -18118.93 2 21038.07 -2415.86 2624.37 18413.70 -5004.28 -15703.07 3 18413.70 -2243.30 2451.81 15961.89 -7247.58 -13459.77 4 15961.89 -2070.74 2279.25 13682.64 -9318.32 -11389.03 5 13682.64 -1898.17 2106.68 11575.96 -11216.49 -9490.86 6 11575.96 -1725.61 1934.12 9641.84 -12942.10 -7765.25 7 9641.84 -1553.05 1761.56 7880.28 -14495.15 -6212.20 8 7880.28 -1380.49 1589.00 6291.28 -15875.64 -4831.71 9 6291.28 -1207.93 1416.44 4874.84 -17083.57 -3623.78 10 4874.84 -1035.37 1243.88 3630.96 -18118.94 -2588.41 11 3630.96 -862.81 1071.32 2559.64 -18981.75 -1725.60 12 2559.64 -690.25 898.76 1660.88 -19672.00 -1035.35 13 1660.88 -517.68 726.19 934.69 -20189.68 -517.67 14 934.69 -345.12 553.63 381.06 -20534.80 -172.55 15 381.06 -172.56 381.06 0.00 -20707.35 0

You add 300 months in...

di3004

marshallka wrote: »

Di, i don't do GP's anymore. I am not better and getting dizziness now as well but if it does not go end of week then i will go perhaps.:eek: .Its just a cold and no antibiotics work.

Freezing as well with no heating.

Keep getting those fluids down you hun.
I know when it comes to GP's with me my hubby has to practically drag me there lol, yet I'm quick enough dictating to others lol.

Have you a hot water bottle? if so keep this nearby to you (not too hot though).......:eek:
I hate being without heating, so are you having repairs or a new boiler fitted ?

marshallka

15 24439.48 245.26 -36.75 24476.23 3768.88 34949.12

Month Start Balance Interest Principal End Balance !!!. Int. Paid Interest left to Pay

di3004

Loan Amount Monthly PaymentTotal Finance ChargeAnnual Interest Number of Months:

Monthly Payment 208.51 Total Finance Charge 38718.00 Annual Interest Rate 6.4977
For 300 months, the magic rule number is 45150

Payment Schedule


Golly there was no room to add all lol.

marshallka

di3004 wrote: »

Keep getting those fluids down you hun.
I know when it comes to GP's with me my hubby has to practically drag me there lol, yet I'm quick enough dictating to others lol.

Have you a hot water bottle? if so keep this nearby to you (not too hot though).......:eek:
I hate being without heating, so are you having repairs or a new boiler fitted ?

Boiler fitted at long last and cannot wait. 3 years ago british gas would not repair as they said it was beyond and would not repair under the heating insurance we paid as they said it needed a power flush so this is long awaited. Another crappy insurance for nothing. They refunded our payments thats all.

di3004

marshallka wrote: »

Boiler fitted at long last and cannot wait. 3 years ago british gas would not repair as they said it was beyond and would not repair under the heating insurance we paid as they said it needed a power flush so this is long awaited. Another crappy insurance for nothing. They refunded our payments thats all.

So is it a combi ?

We just have the standard Glow-worm, in time we will upgrade to a combi.

I pay £16 a month with Swalec, 24 hours a day, 365 days a year call out but not been that far yet so I would not really know how reliable they are.
We also have the electrical cover for £4 a mth.

So they said that yours was beyond repair ? How old was it ?

marshallka

Di, i have not heard of anyone on here going to the FOS with unfair rebate alone and winning with the FOS .

I am now getting paranoid as to whether singlep was right in this. I still have not had any actual confirmation about the firstplus one and that was put in same time as the co-op ones. I am just thinking now that they may throw it back again. Think about it, my other got further than this before being thrown back...

I think when you ring them they are not allowed to say that its not something we can look at as until it hits an adjudicator they do not know.

di3004

Here are the calculations M Colak worked out for me.;)

PPI Paid £255.62
Stat Interest £54.53
Actual Reclaim £310.15

PPI Rebate on settled figure:
PPI Remaining on Loan at settlement date: £2812.44
Stat Interest: £599.99
Actual Reclaim on Settlement figure: £3412.43

Total Reclaim: £3722.68

di3004

marshallka wrote: »

Di, i have not heard of anyone on here going to the FOS with unfair rebate alone and winning with the FOS .

I am now getting paranoid as to whether singlep was right in this. I still have not had any actual confirmation about the firstplus one and that was put in same time as the co-op ones. I am just thinking now that they may throw it back again. Think about it, my other got further than this before being thrown back...

It is a worry isn't it ?
Why don't they just confirm this to you?:mad:

My thoughts on this is that they will - they better had !!:mad: