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Hi all,
Okay so I requested all my personal data (DSAR) from Lloyds and picked it all up yesterday. It provided me with all the my statements etc.. for all my accounts held with them. Loans, Credit Cards etc..
I was trying to work out how much I was owed in PPI claims (if I were to be successful) but it's proving difficult. I found a template spreadsheet on this forum, but I don't think it takes in to account my personal situation.
I defaulted on my loan and credit card back in late 2009, and it was passed to DCA. In August 2013, I agreed a monthly repayment with the DCA for all the accounts I defaulted on and get the debt sorted.
I started inputting some data regarding the PPI claim and how much I might be owed on just the credit card(s) but I am confused. The monthly APR % on my credit card changed a fair bit over the years (2007-2009) and I wasn't just making purchase transactions, but also withdrawing cash from the credit cards which is charged at a higher interest rate.
I also had two different credit cards within that time period, what I mean is, I started with a LTSB Gold Card then when I was struggling to pay that back and going overlimit all the time, I was advised to get a reconsolidation loan, I accepted and that refinanced that Gold credit card and brought the balance to £0.00, then I Hgot Airmiles DUO cards which replaced the Gold Card. I then went overlimit with the Airmiles DUO cards and then stopped making payments (had a terrible time won't go in to detail), which then defaulted at the end of 2009.
The current situation is that I was making payments with the DCA, until recently - still paying the current account overdraft off, but I requested credit agreements for the loan and credit card and they stopped taking the payments for them whilst I was waiting for them. This is still the case now.
1. How do I work out a PPI claim on a defaulted account now with a DCA?
2. How do I work it out with the different interest rates (purchase/cash)?
3. How do I work out the compensatory interest?
At the end of the day, if I can make a PPI claim, I just want to use it to take off the balance I owe and pay it back sooner.
Help would greatly be appreciated.
Thanks!
Okay so I requested all my personal data (DSAR) from Lloyds and picked it all up yesterday. It provided me with all the my statements etc.. for all my accounts held with them. Loans, Credit Cards etc..
I was trying to work out how much I was owed in PPI claims (if I were to be successful) but it's proving difficult. I found a template spreadsheet on this forum, but I don't think it takes in to account my personal situation.
I defaulted on my loan and credit card back in late 2009, and it was passed to DCA. In August 2013, I agreed a monthly repayment with the DCA for all the accounts I defaulted on and get the debt sorted.
I started inputting some data regarding the PPI claim and how much I might be owed on just the credit card(s) but I am confused. The monthly APR % on my credit card changed a fair bit over the years (2007-2009) and I wasn't just making purchase transactions, but also withdrawing cash from the credit cards which is charged at a higher interest rate.
I also had two different credit cards within that time period, what I mean is, I started with a LTSB Gold Card then when I was struggling to pay that back and going overlimit all the time, I was advised to get a reconsolidation loan, I accepted and that refinanced that Gold credit card and brought the balance to £0.00, then I Hgot Airmiles DUO cards which replaced the Gold Card. I then went overlimit with the Airmiles DUO cards and then stopped making payments (had a terrible time won't go in to detail), which then defaulted at the end of 2009.
The current situation is that I was making payments with the DCA, until recently - still paying the current account overdraft off, but I requested credit agreements for the loan and credit card and they stopped taking the payments for them whilst I was waiting for them. This is still the case now.
1. How do I work out a PPI claim on a defaulted account now with a DCA?
2. How do I work it out with the different interest rates (purchase/cash)?
3. How do I work out the compensatory interest?
At the end of the day, if I can make a PPI claim, I just want to use it to take off the balance I owe and pay it back sooner.
Help would greatly be appreciated.
Thanks!
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