PPI and Court

[marshallka]

Re: PPI and Court

Ok---PF is going to dig his heels in--I have given my opinion

However--to summarise & reccollect- for those not following this discussion - I detail below what the issues are:

PF has been offered over £7,400 on 9 loans--but Loan 1 is being discussed here

1--On Loan 1-Pf has a copy of the agreement

[ATTACH]4180[/ATTACH]

2--We have a detailed calculation sheet for this Loan 1 with details of the goodwill offer of £806 (18 payments PF not 14)

[ATTACH]4185[/ATTACH]

3--Based upon Rule of 78 Theory--If Pf Settled the loan for approx £4,570 he would be due back approx £851 + 8% which would be a total of £1,540 EXTRA on top of the £800-ish

The issue being discussed is that Co-op have both ignored this "possible settlement" & also are thwarting his attempts to get to the bottom of it via a formal DSAR



[ATTACH]4182[/ATTACH]

Turbo

Turbo, just looking at you figures here? If PF is getting refunded for the above loan as per as if he made 19 payments and then settled the loan using rule 78 then I too am in agreement with the redress being near on 2.5K with the statutory interest.

The have obviously forgotton the amount they charged at settlement (as they have now said you did actually settle the loan after 19 payments I assume) using rule 78 which was around £800 odd quid (and then statutory interest on top of this!!!).

[marshallka]

Re: PPI and Court

Well done PF, another £700, wow......

Still not enough though is it to what you thought you were due back????Are you going to accept and have they dropped the charges for putting the loan/account in dispute etc? From what I can remember there were some charges made by them. Have they agreed anything with regards to these. How do you stand there.

[Angry Cat]

Re: PPI and Court

http://www.financial-ombudsman.org.u..._reference.htm

[Bill-K]

Re: PPI and Court

Send it to Simiantics PF. It's all useful, mate.

With regard to Turbo's spready V6 in post #511, I agree with his figures to within a few quid. I've adjusted my own earlier spready (V1b) to take into account the revised settlement figure of £4750.62, and allowed the claim date to auto-update, and this shows a total reclaim of £2376.38 as at today.

[pompeyfaith]

Re: PPI and Court

Oh very nice they have sent them in greyscale so that they do not show up on a scan anyway I can enhance the image?

[pompeyfaith]

Re: PPI and Court

Just an observation not sure if it means anything, but I previously said I had no screenshot of the first loan.

On closer inspection I do have the Screenshot, but the first Page is missing I.e no payments from March 99 to Dec 99 inclusive.

[pompeyfaith]

Re: PPI and Court

Guys Ill be back in a while need to go to shop and walk the dog

Thank You One and All

[Turboman]

Re: PPI and Court

They say the payment history on first loan was unavailable what do they mean by that statement sounds a load of bull to me because how can they not have it and then say they have

As for rebates on loans 80, 81, 83 what a cover up

What do they mean by they where not being investigated as of Lisa Hudsons letter of 10/10/08

They have had this information all the time and have been stringing me along since Oct 08 at least.

That all puts the coblers on the FOS's stance that no compensation is payable.

Furthermore in the FOS'S attempt to just agree with everything the banks says the bank has dropped the FOS right in it as I now want bloody answers to what they have been doing these past 2 yrs.
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Is interesting in that they say they NOW have payment history on the first loan, but only sent screenshots on the 8 accounts since 2000

They have not complied with my DSAR hence why they sent the CHQ back.
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Nellie,

Slowly but surely we are getting there Thanks to everyone that has been following this saga.
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Off for some lunch now will be back later.

Turbo do you want me to send you the screenshots ?

Can do but will take a while due to the many pages.

Yes--to Simiantics@gmail.com as before
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Bill my spready if post 511 assumed paying off a settlement balance of around£4750 (from simple Amortization SS0--Will you check that also please?

[pompeyfaith]

Re: PPI and Court

Bill,

I am in full agreement and hell I've waited over 2 yrs already so another 6 mths say is neither hear or there.

And as for the first loan now not being a GOGW you are right and I believe for us that is the biggest movement in this latest letter.

[Angry Cat]

Re: PPI and Court

Funny how they miraculously find statements when prior to, stated that they did not have them!

All the banks are the same; they do keep account data going back years...
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As you say, PF, this really seems to prove how misleading the assurances of the FOS really are. You deserve an explanation from them at the very least, I reckon - and one from LTSB as well. You'll probably get spineless waffle back, but make 'em work and apologise. Then ask if they can give you just one reason why you shouldn't then be offered maximum compo !!!

Agree, waffle, waffle, waffle.

[Bill-K]

Re: PPI and Court

As you say, PF, this really seems to prove how misleading the assurances of the FOS really are. You deserve an explanation from them at the very least, I reckon - and one from LTSB as well. You'll probably get spineless waffle back, but make 'em work and apologise. Then ask if they can give you just one reason why you shouldn't then be offered maximum compo !!!

[Bill-K]

Re: PPI and Court

I guess they have returned your £10 because they know that they clearly hadn't fully complied with the original request, PF. It just goes to show that - when they say they've sent everything they have for the 10th time - we STILL shouldn't believe them.

So, they reckon that the £1540 is in compliance with FOS rules. So, now we have a PPI refund being offered, as opposed to a GOGW. We can either accept it, or tell them it is well short of our calculations, and ask for the details of how it was calculated - in compliance with the FOS rules.

They are offering less than two-thirds of our estimate. They can't withdraw the offer, now, so we no longer have that risk. IMO, it's now just a matter of deciding how urgently you want the further £800 - PLUS if you want to claim compo, which I would think will bring it to over £1K.

[pompeyfaith]

Re: PPI and Court

They say the payment history on first loan was unavailable what do they mean by that statement sounds a load of bull to me because how can they not have it and then say they have

As for rebates on loans 80, 81, 83 what a cover up

What do they mean by they where not being investigated as of Lisa Hudsons letter of 10/10/08

They have had this information all the time and have been stringing me along since Oct 08 at least.

That all puts the coblers on the FOS's stance that no compensation is payable.

Furthermore in the FOS'S attempt to just agree with everything the banks says the bank has dropped the FOS right in it as I now want bloody answers to what they have been doing these past 2 yrs.
------------------------------- merged -------------------------------
Is interesting in that they say they NOW have payment history on the first loan, but only sent screenshots on the 8 accounts since 2000

They have not complied with my DSAR hence why they sent the CHQ back.
------------------------------- merged -------------------------------
Nellie,

Slowly but surely we are getting there Thanks to everyone that has been following this saga.
------------------------------- merged -------------------------------
Off for some lunch now will be back later.

Turbo do you want me to send you the screenshots ?

Can do but will take a while due to the many pages.

[nelliewops]

Re: PPI and Court

That's excellent news PF :tinysmile_grin_t:

[pompeyfaith]

Re: PPI and Court

Here you go