Tweet
this is a really strange one tbh, they have agreed a pay back of ppi.
But very strange there was in theory 3883.64 owing on account In 2009, this includes the 2146 pounds PPi single premium added at beginning of loan , they then calculated interest based on the 35.77 PPi payments I made over 36 months.
So total figure offer of 4093 net however they are then taking the full arrears amount off what giving me.
209 after tax which doesn’t make any sense as obviously redress is supposed to put in a position pre ppi.
The arrears figure without ppi would be 1737 approx, have a document showing 0.00 owing that was in February 2010
They sent transactional history showing these arrears written off for some reason in 2010.
Admitted they don’t have records either they have admitted this in writing .
I have calculated that purely the 35.77 payments plus stat interest would equate to a lot more then offer even if just gave me that minus the arrears which should be 2000 less.
Ps asked me to send income and expenditure so they can decide if to pay me redress and not use to pay arrears, fos want to take it on as odd not seen this before.
the figures they quote includes the original charge for ppi, so don’t understand how they can give me that back then take it off arrears which includes the ppi amount.
They state account written off in 2010 they were still chasing in 2013. For this total amount
Why would they ask me to send income and expenditure to see if they can pay me the lot.
Fos looking at taking it on as not putting me back in position I would of been in if the PPI could of been claimed in the first place when lost job years ago I would be in a better position and certainly would not have ended up with large overdraft with own bank any help appreciated even if draft income form thanks
however
They calculated payment of 4093 after tax removed
break down original ppi amount plus the interest on what I actually paid which is 35.77 x 36 months
orig ppi charge 2146
interest is 1999
approx figures
arrears listed 3883 which includes the 2146 ppi charge without that should be 1737 owedI calculated the 35.77 x 36 months at a payment of £4206.29 including the 8% interest simple added this is only over 15 years when the loan was taken on 15 years ago and I was never able to claim PPI
i would actually be prepared to except the sum of 2469.29 in full and final settlement which is the amount I paid PPI 35.77 x 36 months plus interest minus the difference between the arrears including the PPI and the actual arrears amount
£4206.29 ( amount paid plus interest of 8% over 15 years - genuine arrears amount of £1737
giving me a redress to my bank of 2469.29
any help appriciated they have said if income income and expenditure form returned they may agree to pay me directly the original figure quoted
FOS are keen to take on, the FSCA are very interested also as never come across this told unofficial via Santander that they may of miss calculated. Any help appreciated
But very strange there was in theory 3883.64 owing on account In 2009, this includes the 2146 pounds PPi single premium added at beginning of loan , they then calculated interest based on the 35.77 PPi payments I made over 36 months.
So total figure offer of 4093 net however they are then taking the full arrears amount off what giving me.
209 after tax which doesn’t make any sense as obviously redress is supposed to put in a position pre ppi.
The arrears figure without ppi would be 1737 approx, have a document showing 0.00 owing that was in February 2010
They sent transactional history showing these arrears written off for some reason in 2010.
Admitted they don’t have records either they have admitted this in writing .
I have calculated that purely the 35.77 payments plus stat interest would equate to a lot more then offer even if just gave me that minus the arrears which should be 2000 less.
Ps asked me to send income and expenditure so they can decide if to pay me redress and not use to pay arrears, fos want to take it on as odd not seen this before.
the figures they quote includes the original charge for ppi, so don’t understand how they can give me that back then take it off arrears which includes the ppi amount.
They state account written off in 2010 they were still chasing in 2013. For this total amount
Why would they ask me to send income and expenditure to see if they can pay me the lot.
Fos looking at taking it on as not putting me back in position I would of been in if the PPI could of been claimed in the first place when lost job years ago I would be in a better position and certainly would not have ended up with large overdraft with own bank any help appreciated even if draft income form thanks
however
They calculated payment of 4093 after tax removed
break down original ppi amount plus the interest on what I actually paid which is 35.77 x 36 months
orig ppi charge 2146
interest is 1999
approx figures
arrears listed 3883 which includes the 2146 ppi charge without that should be 1737 owedI calculated the 35.77 x 36 months at a payment of £4206.29 including the 8% interest simple added this is only over 15 years when the loan was taken on 15 years ago and I was never able to claim PPI
i would actually be prepared to except the sum of 2469.29 in full and final settlement which is the amount I paid PPI 35.77 x 36 months plus interest minus the difference between the arrears including the PPI and the actual arrears amount
£4206.29 ( amount paid plus interest of 8% over 15 years - genuine arrears amount of £1737
giving me a redress to my bank of 2469.29
any help appriciated they have said if income income and expenditure form returned they may agree to pay me directly the original figure quoted
FOS are keen to take on, the FSCA are very interested also as never come across this told unofficial via Santander that they may of miss calculated. Any help appreciated
Comment