working out ppi

[lickywoo]

can anyone help me work out how much i should be getting offered my mis-sold ppi

1st loan

premium loan 1,311.73 with interest 1,853.40

2nd loan

premium loan 1,836.98 with interest 2,899.80

I haven't recieved a letter yet but they have put 346.61 in my bank and told me theres a letter on its way to me,and both loans have been delt with together.So what should they be offering me.

[enaid]

Re: working out ppi

I think you may not have provided enough info for us to help you.
If you could post the actual agreements less your personal details it would help greatly.
Enaid x

[lickywoo]

Re: working out ppi

1st loan was for 5,500 with the ppi as above

2nd loan was for 6,700 again with the ppi as above

Thanks

[enaid]

Re: working out ppi

yes but are they paid up?
dates would be a start

[lickywoo]

Re: working out ppi

sorry

first loan paid up 04 to 06

second loan finish paying next april so about 6 payments left

both loans on 5yrs terms

[di30]

Re: working out ppi

Hi
Do you have a scanner and a copy of the agreement? And a copy of the policy?

If so please could you scan this up and attach (remove personal details), as this will be useful for the guys to check this out for you.

Basically, you receive back all PPI premiums paid, Interest to each payment, Further 8% interest, but this is just a basic explanation, the guys will go into more detail.

If the second loan refinanced the 1st loan, this may have carried forward to the 2nd loan, so if you have both agreements and anything in paperwork of the settlement on both loans, that wil also be helpful, cheers.

[lickywoo]

Re: working out ppi

No sorry i haven't got nothing to copy them with and put them up

yes 2nd loan paid up the 1st loan

[di30]

Re: working out ppi

Right ok no probs

Take a look at the link below, this maybe helpful and meanwhile I'm sure the guys will be here sometime over the weekend and will ask you what info they require for you to post up, like the exact start dates to settlements dates and so on, so they can work out for each loan.

http://www.legalbeagles.info/forums/...ad.php?t=10645

[Turboman]

Re: working out ppi

Hi Lickywoo

As Di has said----we can help you

We can work on your sums-but we need the specific details of the loans----here's what we ask most people to give us----(suitably edited to remove personal details)

• Copy of the agreement
• Copy of the Loan Statements to date
• Date of Agreement and total term in months
• .
• Cash Advance Loan Amount in £
• Additional PPI Loan Amount in £
• Total Loans Amount in £ (as a cross check of the 2 above)
• .
• Cash Advance monthly payment at outset in £
• Additional PPI monthly payment at outset in £
• Total Loans monthly payment at outset in £(as a cross check of the 2 above)
• .
• Any letters / knowledge of the dates and revised total payments when the monthly payment was increased due to changes in interest rate %
• Any arrears information/missed payments/reduced payments
• Date of first payment
• Number of payments made
  
• .
• IF SETTLED-
• Details of the wording in the settlement letter-re Loan Rebates & PPI Refunds (these are different terms btw)

+ of course any details in letters of extra information re consolidation of loan/carry forward

Turbs

[Turboman]

Re: working out ppi

Any further info to give us Lickywoo?