PPI and Court

[nelliewops]

Re: PPI and Court

Gosh - are you guys and girls still at it?

Many thanks to all who are helping my friend PF with this

Just to show how these companies can get it wrong - even after the wonderful Bill and Turbo have been on the case - today my post included a cheque from LTSB (relating to loan 3 of 6) for £450 approx with a note to say the bank had miscalculated my PPI refund!!! This was without any prompting from me.

Keep up the good work all

[pompeyfaith]

Re: PPI and Court

bill

I agree a sar is needed here so that we are not going around in circles and wondering where to get off indeed more hard facts are needed not only to make it easier for you guys but also to build a good thread that as you say will benefit others and yes you are right in that i am not after a quick fix on this but the right fix

So if you guys can post here what you need in the way of info i will make sure that they are very clear in the rar

[marshallka]

Re: PPI and Court

I've just got back from a night-shift on the cabs to find the most amazing sequence of emotional - yet sober - thinking. There is some real power being generated here, I reckon.

It sure seems good to me that we should reject the current offer, and re-group our efforts, considering the work that Marshallka and Turbo have put into this set of claims "off-site." I have not been privy to that.

If - as PF seems to agree - there is not a hard and fast urgency to this - then let's use that to our advantage. Some precision wouldn't go amiss, methinks. So let's do a DSAR - yet again - and use the data from that in the light of Turbo and Marshallka'sadvice here. I feel that the outcome will be EXTREMELY useful in future claims - and may well have a positive effect on future doggy vet bills, too !!!

Bless you guys...!!!!

Hi, Bill,

I too (as you may know) had a few loans with Co-op and got them back as goodwill.

I thought I had been short changed also but I DID get a statement of account for each one which showed my settlement figure. I also took out a FP loan and consolidated one of their loans into this and the settlement on my statement was correct as this was paid off by FP. I then worked them all back (in the way I have done on this site) and they were correct. I actually did them like a trial balance whereby I put debits and credits (by hand) and worked them through and I came to the exact amounts they had redressed me for. I can show my working later (going out shopping now) and see what you think.

I worked out that if I had had the redress amount that was "quoted" to me then they would have actually paid me for having their loan. Mine were ALL rule 78 settlements and they are expensive hence it being abolished but at least Co-op gave a rebate also unlike firstplus who worked them on rule 78 and only gave a small tiny rebate of what you are charged.

[Turboman]

Re: PPI and Court

Ok Marshy--back to the fray

Will re read all above in a mo & the thread in MSE

A lot of the confusion between ourselves is the number of payments made which we took from PF's early SS's--and set that in stone-wheras you deduced it assuming the dates in the Co-Op offer letter were set in stone.

I see PF has posted more info above--I would like us to finally produce a simple list Marsh so we to progress forward together:

Loan Number/No of payments made/Settlement figure under Rule of 78

Best Wishes

Clxxx

[Bill-K]

Re: PPI and Court

I've just got back from a night-shift on the cabs to find the most amazing sequence of emotional - yet sober - thinking. There is some real power being generated here, I reckon.

It sure seems good to me that we should reject the current offer, and re-group our efforts, considering the work that Marshallka and Turbo have put into this set of claims "off-site." I have not been privy to that.

If - as PF seems to agree - there is not a hard and fast urgency to this - then let's use that to our advantage. Some precision wouldn't go amiss, methinks. So let's do a DSAR - yet again - and use the data from that in the light of Turbo and Marshallka'sadvice here. I feel that the outcome will be EXTREMELY useful in future claims - and may well have a positive effect on future doggy vet bills, too !!!

Bless you guys...!!!!

[pompeyfaith]

Re: PPI and Court

it is in the fos guidelines that stat interest should be added to each payment

[pompeyfaith]

Re: PPI and Court

Turbo are we in agreement then that another SAR is required and if so bearing in mind that the fos needs an answer on Monday as to whether I accept or not.

I can just tell the FOS that I still do not agree with there offer and that the offer was not fully explained as to the method used and that I am still waiting for the settlement figures they seem hell bent in not supplying.

Then get a SAR sent off on Monday for full disclosure.

If it takes another 6 mths so be it im willing to wait after all its already been 2 yrs so another few months is neither her or there besides it will cost them more in interest

Simple Minds – Belfast Child

PF

[marshallka]

Re: PPI and Court

Marshallka if turbo is right and I am not doubting anyone at the moment it looks like you have another claim for the rest.

I really feel like taking them into the court room now and forcing the figures out of them and also going for damages for all the stress they have put me under with dcas i will never forgive them for that knowing that the redress is more than enough to honour the loan in full.
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brb its coffee o'clock time

I don't think mine are wrong Pompey. and me and Turbo DID agree with the fact they were not in the end. I honestly don't think I am wrong either here.... i have shown my working above and cannot see where I am going wrong. I do not add the statutory interest on until the end and I have shown in my post prior how much your redress would be (according to my working lol) for loan 84 IF you accepted and stat interest was calculated to today date. It would be in total £1013... being the redress amount of £698.95 plus stat interest to today being £314.05 = £1013...

Going to bed now as I have to be up early for my doggies insulin lol. I never get a little bit of a lie in now.

BRB tomorrow for another battering...

[pompeyfaith]

Re: PPI and Court

Marshallka if turbo is right and I am not doubting anyone at the moment it looks like you have another claim for the rest.

I really feel like taking them into the court room now and forcing the figures out of them and also going for damages for all the stress they have put me under with dcas i will never forgive them for that knowing that the redress is more than enough to honour the loan in full.
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brb its coffee o'clock time

[Turboman]

Re: PPI and Court

I'm still on wine Marsh

Love you

Clxxxx

[pompeyfaith]

Re: PPI and Court

I think your basic flaw is that the Co-Op do not give you 8% on the ppi part of the settlement from the date of the settlement--which is massive

That answers the question why the bank was quick to give a partial settlement on the current loan of £914.20 on the 10/03/2009 whilst the complaint was being investigated by the FOS without my instruction to do so.

PF

[marshallka]

Re: PPI and Court

I think your basic flaw is that the Co-Op do not give you 8% on the ppi part of the settlement from the date of the settlement--which is massive

(& you also have missed out in believing co-op methods)

yes--will post in english if you wish---but I am a mathametician & me and Bill are computer geeks---so its hard for us--lol

Cheers Marsh--(by the way I am sure that you are 100% wrong --lol)

Turbo

OK Turbo, point taken Turbo and thanks for that....lol


If I add the 8% statutory interest on Turbo it looks like this (using my 8 repayments and not your 14 repayments) as loan 84 started in July 2004 with 1st repayment.
2nd August 2004
3rd September 2004
4th October 2004
5th November 2004
6th December 2004
7th Jan 2005
8th Feb 2005 and settled as per letter posted by Pompeyfaith

Then 8 % statutory interest ONLY on the amount of 698.96 charged at Feb 2005 (but i realise that pompey says it was now March 2005 ???????) would be another £314.05 so total to repay to Pompey is £1013.01.

I also realise that you work these out on each repayment made and the date they are made and do a running total. If it was worked out like this it would be a little more.

[pompeyfaith]

Re: PPI and Court

Details of all 9 Loans that have had PPI attached


None of these loans ran to there term as I refinanced early so had a partial rebate on the PPI but as they where missold all of the policy cost should have been returned to the loan and any payments made returned.


This is the stumbling block I have been having on each of these loans they keep part of the policy cost as if I cancelled it.


And all they are returning is the payments made.


I cannot give you the monthly PPI payment as all bar 2 are not multiple agreements so the PPI element is rolled into the total monthly payment.




Loan 1 089081 22449872 80


Loan Amount £4650 PPI Premium £1064.44


Start Date 09/04/1999 End Date 09/03/2004


Monthly Payment £132.72 Term 60 mths


APR 14.89% Refinanced on 23/11/2000
____________________________________________


Loan 2 089081 22449872 81


Loan Amount £3000 PPI Premium £689.58


Start Date 23/11/2000 End Date 23/10/2005


Monthly Payment £85.76 Term 60 mths


APR 14.86% Refinanced on 19/03/2002
___________________________________________


Loan 3 089081 22449872 80


Loan Amount £4000 PPI Premium £951.11


Start Date 19/03/2002 End Date 19/02/2007


Monthly Payment £ 110.35 Term 60 mths


APR 12.40% Refinanced on 19/04/2003
__________________________________________


Loan 4 089081 22449872 83


Loan Amount £5300 PPI Premium £1260.22


Start Date 19/04/2003 End Date 19/03/2008


Monthly Payment £134.36 Term 60 mths


APR 8.73% Refinanced on 18/07/2004
________________________________________


Loan 5 089081 22449872 84


Loan Amount £6850 PPI Premium £1691.15


Start Date 18/07/2004 End Date 18/06/2009


Monthly Payment £188.41 Term 60 mths


APR 11.89% Refinanced on 18/04/2005
_________________________________________


Loan 6 089081 22449872 81


Loan Amount £ 5000 PPI Premium £1264.88


Start Date 18/04/2005 End Date 18/03/2010


Monthly Payment £124.76 Term 60 mths


APR 7.24% Refinanced on 01/10/2005
________________________________________


Loan 7 089081 22449872 85


Loan Amount £6300 PPI Premium £2004.77


Start Date 01/10/2005 End Date 01/09/2011


Monthly Payment £141.91 Term 72 mths


APR 6.69% Refinanced on 01/07/2006
_______________________________________


The next two are multiple agreements


Loan 8 089081 22449872 82


Loan Amount £3000 PPI Premium £887.02


Start Date 01/07/2006 End Date 01/06/2013


Monthly Loan Payment £ 51.00 Monthly PPI Payment £15.07


APR 7.0% Term 72 Months Refinanced on 15/10/2007
__________________________________________________ ___


Loan 9 089081 22449872 83 Current Loan


Loan Amount £ 6000 PPI Premium £1511.27


Start Date 15/10/2007 End Date 15/09/ 2014


Monthly Loan Payment £114.18 Monthly PPI Payment £28.74


APR 10.50% Term 72 Months

[Turboman]

Re: PPI and Court

I took it from your letter stating when you were given rebates against the PPI and one of them was Feb 2005? Still that is not too far out then.

Turbo. Can you give me the figures for the ones you want me to work out and if they were using the new regs I am not much good I am afraid.

I will gladly have a go though and see what I can come up with but can you post the figures in plain text on here cause I am stupid with these spreads (sorry not as clever as you!!!) . I would need the loan date and amounts and how many repayments made and how much repayments were for etc.... I would appreciate it that way if possible.

Will work them out tomorrow if you get to me tonight.

I think your basic flaw is that the Co-Op do not give you 8% on the ppi part of the settlement from the date of the settlement--which is massive

(& you also have missed out in believing co-op methods)

yes--will post in english if you wish---but I am a mathametician & me and Bill are computer geeks---so its hard for us--lol

Cheers Marsh--(by the way I am sure that you are 100% wrong --lol)----EDIT Marshy you are right-Sorry--we had "trouble at Houston" in our SS-lol

Turbo

[marshallka]

Re: PPI and Court

18/03/2005 was the last payment on loan 84.
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LOL Sorry all this is rip your hair out time.

TM got any queen ?

PF

I took it from your letter stating when you were given rebates against the PPI and one of them was Feb 2005? Still that is not too far out then.

Turbo. Can you give me the figures for the ones you want me to work out and if they were using the new regs I am not much good I am afraid.

I will gladly have a go though and see what I can come up with but can you post the figures in plain text on here cause I am stupid with these spreads (sorry not as clever as you!!!) . I would need the loan date and amounts and how many repayments made and how much repayments were for etc.... I would appreciate it that way if possible.

Will work them out tomorrow if you get to me tonight.