Upfront Single Premium

[Millie]

Re: Upfront Single Premium

Particulars of Loan
Loan £10000
Interest £4072.64
Total Amount Payable £14072.64
Is payable by 96 monthly instalments of £146.59
commencing one month after the date of this agreement and payable ont the same date each month after that subject as mentioned in clause 1 overleaf.
APR 9.4

AND

It says, Monthly Premium £31.05
(including Insurance Premium Tax at the rate applicable at the date of this agreement)
*Subject to variation by us (upwards or downwards) at any time and for any valid reason on 30 days' written notice to you.

Customers Total Monthly Payment £177.64

[Turboman]

Re: Upfront Single Premium

Cheers--its as Marshy says--not a Single Premium PPI--leave you with Marshy now--

[Millie]

Re: Upfront Single Premium

Cheers everyone

Thanks for the advice.

[marshallka]

Re: Upfront Single Premium

Particulars of Loan
Loan £10000
Interest £4072.64
Total Amount Payable £14072.64
Is payable by 96 monthly instalments of £146.59
commencing one month after the date of this agreement and payable ont the same date each month after that subject as mentioned in clause 1 overleaf.
APR 9.4

AND

It says, Monthly Premium £31.05
(including Insurance Premium Tax at the rate applicable at the date of this agreement)
*Subject to variation by us (upwards or downwards) at any time and for any valid reason on 30 days' written notice to you.

Customers Total Monthly Payment £177.64

You can still go for misselling if you like - there is nothing to stop you taking it to FOS but I would say you would only get back what they first offered as it was not a single premium.

[Millie]

Re: Upfront Single Premium

OK, off to the FOS then.

Thanks for all your help.

[Millie]

Re: Upfront Single Premium

Hi Guys

One more question

Can I still claim stat interest from then until now, if it was a monthly premium?

Thanks

[Turboman]

Re: Upfront Single Premium

of course

[Millie]

Re: Upfront Single Premium

Cheers Turbo, great stuff!

[Turboman]

Re: Upfront Single Premium

Hi Guys

One more question

Can I still claim stat interest from then until now, if it was a monthly premium?

Thanks

Your payments to be reclaimed are £310.50
8% on each from date paid to 1/11/2010 = £183.79
Total = £494.29

see here:

[Millie]

Re: Upfront Single Premium

Ah, Cheers Turbo, thanks matey!

[Millie]

Re: Upfront Single Premium

Thanks Turbo, really appreciate this, thanks for the spreadsheet, 'huge help'...

Hugs
Millie

[Millie]

Re: Upfront Single Premium

What about my rebate though Turbo, which I never had?

[di30]

Re: Upfront Single Premium

Hi Millie

I'm sure Turbo will be back later on this for you.

[Millie]

Re: Upfront Single Premium

Thanks Di

[Turboman]

Re: Upfront Single Premium

Hi Millie---me & Marshy back mid morning/noon-ish tomorrow (thanks Di for linking)