Re: PPI and Court
Hi Bill, I don'tknow that you will see where I am coming from but I always use this calculator for rule 78 calculations
Javascript Rule of 78 Rebate Calculator - Equal instalments
It worked out to the penny with a few of my loans and I have double checked with redress's paid out on posts on MSE and seems to work fine. Rule 78 actually makes the settlement of any loan higher (regardless of PPI) than the newer regs BUT at least Co-op (unlike FIrstplus and the likes of) actually give you a rebate against the PPI.
Originally posted by Bill-K
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Javascript Rule of 78 Rebate Calculator - Equal instalments
It worked out to the penny with a few of my loans and I have double checked with redress's paid out on posts on MSE and seems to work fine. Rule 78 actually makes the settlement of any loan higher (regardless of PPI) than the newer regs BUT at least Co-op (unlike FIrstplus and the likes of) actually give you a rebate against the PPI.
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