Black Horse - PPI & Late Payment Charges

[cassie]

I have been trying to resolve a mis sold PPI with Black Horse since July 07 without any luck.
I originally requested S.A.R - (Subject Access Request) in July, they cashed my cheque in August but I had to write to them becaue it didn't turn up; I eventually got it in January 08!
I have written to them again and asked (again) for the payments to cease but to date they are still continuing to collect.
I am busy trying to calculate how much I should claim -
can I claim 8% interest on the PPI?
if I took out a further loan should I reclaim the full amount of the original PPI as this would have been cleared off the further advance?
when I've checked the S.A.R - (Subject Access Request) there are late payment charges going back to April 00. The amounts are relatively small (£1.73), but if you total them up and add the monthly interest it is astronomical! £1.73 for 14 years @ 12.95% interest is £328."27, I think but I was never any good at math! Anyway, I have had this loan since July 99 and still owe over £10K!! Repaid at £180.14 I reckon I've already paid back £18914.70!!All advice welcome.........cassie

[hellhasnofury]

Originally Posted by cassie

I have been trying to resolve a mis sold PPI with Black Horse since July 07 without any luck.
I originally requested S.A.R - (Subject Access Request) in July, they cashed my cheque in August but I had to write to them becaue it didn't turn up; I eventually got it in January 08!
I have written to them again and asked (again) for the payments to cease but to date they are still continuing to collect. What are your ground for not paying them
I am busy trying to calculate how much I should claim -
can I claim 8% interest on the PPI?Yes or the contractual interest rate they charged you
if I took out a further loan should I reclaim the full amount of the original PPI as this would have been cleared off the further advance? Sorry don't understand this question.
when I've checked the S.A.R - (Subject Access Request) there are late payment charges going back to April 00. The amounts are relatively small (£1.73), but if you total them up and add the monthly interest it is astronomical! £1.73 for 14 years @ 12.95% interest is £328."27, I think but I was never any good at math! Anyway, I have had this loan since July 99 and still owe over £10K!! Repaid at £180.14 I reckon I've already paid back £18914.70!!All advice welcome.........cassie

Hello cassie,

Have put some comments in red above.

Do you have your credit agreement and can you tell us what it states regarding the figures

[cassie]

hellhasnofury - sorry for not getting back to you until now!
Grounds for not paying - i am covered by work and their exclusions would apply to me.
Further loan - I 'topped-up' my original loan by taking a further advance. This resulted in a new agreement being sent to me and effectively cleared the original loan and the balance given to me (does that make sense?), so thetop-up amount applied for was reduced to clear the original debt. Incidently, the S.A.R - (Subject Access Request) does not include the original loan details - surely, by law it should?
Can I claim back the late payments as being excessive?