HSBC PPI Claim

[gillwall]

Re: HSBC PPI Claim

Hi
I have just used the spread sheet to calculate one of my live secured loans, which is for 30,000 and 4,500 added on top for ppi the loan total 34,000 for 240 months, it was taken out in 2005. According to the spread sheet calcultion my loan would be clear as well as 17,000 ppi refund and interset, have i calculated this wright, it seem a lot of money to be refunded.
Thank you
gillwall

[Turboman]

Re: HSBC PPI Claim

Whats the

• Date of First Payment
• Total Monthly Premium incl both Advance Cash Loan & PPI SOI Loan
• Total no of payments made

------------------------------- merged -------------------------------
You need to enter "Total no of payments made"----not the duration if finished (ie 240)

[gillwall]

Re: HSBC PPI Claim

Hi Turboman

first payment july 2005
Total monthly premium £309.00
Total number of payments 75 (£23,175.00)
Thanks
gillwall

[Turboman]

Re: HSBC PPI Claim

Hi Turboman

first payment july 2005
Total monthly premium £309.00
Total number of payments 75 (£23,175.00)
Thanks
gillwall

Refund £2814 + a reduced balance & reduced montly payment going forward of around £268.70 instead of £309

Do you have the present outstanding balance?

[gillwall]

Re: HSBC PPI Claim

Hi
Yes its 37,000
thanks
gillwall

[Turboman]

Re: HSBC PPI Claim

ie

You paid £23,175

PPI element is 13.04% = £ 3022

8% on premiums is extra £797

Make sure you enter A for Active Loans---you agree with my figures now?

[Turboman]

Re: HSBC PPI Claim

LINES

LINES 22-23 GOT CORRUPTED BUT REVISED BALANCE WOULD BE AROUND 89.95% OF EXISTING BALANCE-£33281

yOU AGREE?

i'LL RECHECK THAT WHEN bILL LOGS ON

[mwesty1]

Re: HSBC PPI Claim

Just an update, l sent a covering letter and questionaire for the claim and after 2 weeks they wrote back saying they are looking into all 3 claims but they didnt recieve the questionaire!!!! Had to do it again and have sent it off, they are saying they have 12 weeks from my first response to reply so the beggining of february at the latest so fingers crossed


Mike

[di30]

Re: HSBC PPI Claim

So frustrating! It seems to be that most are turning to questionnaire's now, ask them if they can still go look into this at an earlier stage as you have been waiting so long now and feel they should have otherwise requested this earlier.

Good luck.

[mwesty1]

Re: HSBC PPI Claim

And still no response, thought they would have wrote saying they had recieved the questionaire at least??? No news is good news l guess?

[di30]

Re: HSBC PPI Claim

Hi Mike

That's what I believe "no news is good news",so hopefully you will hear something hopeful in the post very soon, good luck and thanks for your update x

[mwesty1]

Re: HSBC PPI Claim

Hi Di,

l got a 02 number to contact the complaint department. Spoke to an alright chap there who after giving my details confirmed that they had until 14th february to send a final response. That was fine until he said they had no updates as it hadnt even been looked at yet!! they have had it since November and surely they should be investigating by now?

Mike

[di30]

Re: HSBC PPI Claim

Hi Di,

l got a 02 number to contact the complaint department. Spoke to an alright chap there who after giving my details confirmed that they had until 14th february to send a final response. That was fine until he said they had no updates as it hadnt even been looked at yet!! they have had it since November and surely they should be investigating by now?

Mike

Hi Mike

Thanks for your update.

They have had more than ample time.

I know the FSA did give them/banks up to 12 weeks for a temp period due to backlogs, so does that bring it up to Feb in your case then?

[mwesty1]

Re: HSBC PPI Claim

Yes he said they had 12 weeks to final response and worked it out and returned to tell me that is the 14th of february as a final response date

[di30]

Re: HSBC PPI Claim

Yes he said they had 12 weeks to final response and worked it out and returned to tell me that is the 14th of february as a final response date

We shall keep a close eye on that then, hopefully though you will receive some news, (hopefully good news) in the post before then.