Hhmmmm.....Very Interesting

[skbuncks]

Originally Posted by bally35

if you can prove taht your contracts were tempoarary at this point I imagine that is all the proof that you will need.
Cite your previous experience of trying to claim whilst on a temp contract (why would you want to do that again?)

For the first loan your right I think that is all the proof I need (getting the proof maybe problematic however). For all subsequent loans however I was in full time employment.

[skbuncks]

Originally Posted by reidnet

There was a rule brought in , I think it was from Feb 2005 that any Agreement has to Include a total charge for credit. As far as I can remember this was introduced by the FSA..I will have a look later when I have more time. I have it on file somewhere..lol

And it has to be laid out ..along these lines

Loan amount Interest Amount Total

PPI Cost Interest Amount Total

Hi Reidnet. Were there any rules regarding the above in effect pre 2005, as all my loans were taken out before then

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[reidnet]

Hi SKbuncks,
Before the FSA brought out that rule in 2005 it was not essential to split the total cost of credit in the fashion as mentioned above. It was basically a free for all before that ruling was brought in.

The rule was brought in to stop consumers being mislead into the actual cost of the loan and the PPI. Did it work..I Think Not..

Ian

[boxer64]

Originally Posted by skbuncks

The spreadsheets i used for my calculations can be found here

PPI for posting web.xls

skb

hi iv been unable to upload the spreadsheet you mentioned any alternative
ive got a couple of ppi claims to make on personall loans
one still in force, a single premium insurance loan with halifax, and another monthly premium ppi with Abbey

thanks boxers 64

[skbuncks]

Originally Posted by boxer64

hi iv been unable to upload the spreadsheet you mentioned any alternative
ive got a couple of ppi claims to make on personall loans
one still in force, a single premium insurance loan with halifax, and another monthly premium ppi with Abbey

thanks boxers 64

Hi Boxer, Have just tried it and the download still works so I would give it another go.
Its not really a template though and more of a "This is how i did it" type thing. It can be modified for anyones claim if you play around with a bit but is quite time consuming in the amount of data you have to enter. Im sure there are better ways to do it but the calculations involved are far beyond my simple mind to grasp

skb

[boxer64]

Originally Posted by skbuncks

Hi Boxer, Have just tried it and the download still works so I would give it another go.
Its not really a template though and more of a "This is how i did it" type thing. It can be modified for anyones claim if you play around with a bit but is quite time consuming in the amount of data you have to enter. Im sure there are better ways to do it but the calculations involved are far beyond my simple mind to grasp

skb

hi skbuncks, sorry to sound stupid, but i can't see how to download the ppi file from the fileshare home page, the file details seem to be grayed out unable to click on them.

also in relation to your total charge for credit question earlier, check the Consumer Credit Act 74, Sect 20 Total Charge for Credit.Sect 60 Form and Content of agrements Sect 64 Duty To Give Notice of Cancelallation Rights Sect 97 Duty to Give Infomation
thanks boxer

[marcelle]

Originally Posted by skbuncks

Questions - The burden of proof

My first graduate loan PPI was obviously missold as it was not fit for purpose - ie I was on a temporary working contract and when I lost my job and tried to claim I was told I they wouldnt pay out because temporary contracts were not covered by the insurance. On taking out the loan the bank was aware that I was on a temporary contract.
For subsequent loans I was told no PPI then no loan - how do I prove this as its my word against theirs??????

Question - Contracts

Does the loan contract have to state the total amount payable under the agreement i.e the loan + PPI + interest???

skb

It's interesting you say the PPI do not cover for temporary contracts as I took mine out and I was on a temporary contract... in fact I still am. So if I'm not covered what's the point in paying out the extra money per month??? I've been reading about people trying to cancel their PPI but to no avail is this true before I phone my bank and cancel it?

Skb, I just found your post and I am looking at it closely as I can relate to a lot of your stuff.... I'm in the process of sending my Subject Access Request off to RBOS to see what's up with my case.

Is it just me or do the banks not send you statements once in a while to let you know how much you've paid, etc.?? I have never had anything from them since the day I took the loan out!!

	Subject Access Request A Subject Access Request is a demand which you can make to any organisation to disclose any personal information which they hold on you. The right to disclosure of data is provided by the Data Protection Act. There is no time limit. The organisation is obliged to reveal everything they have about you - which you ask for - as far back as you ask for. There are very few exceptions. It does not matter whether the data is held on microfiche, in an archive, on tape, in a cardex system, in sound recordings or in screen notes. Some companies are saying that they do not have to disclose where it would be difficult to do so - "disproportionate effort". This is untrue. Disproportionate effort refers to something else under the Act. If you are seeking bank charges information then you should ask for "all data held on you" and you should make it clear that you want everything as far back as it goes. Do not be put off by excuses. Do not accept being fobbed off. It is not in your bank's interest to make full disclosure to you. This means that it is in your interests to get it. If you have not started gathering your bank charges information yet, then you should start now. There will soon be a big rush once the OFT test case has been settled. Get all of your bank account informtion as far back as possible. At least as far back as 1995. If your bank says that they don't keep data as far back as this, don't accept it. Be persistent. They've got what you need in some form or other.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[skbuncks]

Whether your covered whilst on a temporary contract will depend upon the wording in the terms and conditions of the PPI policy. Certainly in the case of lloyds PPI you are not covered

Originally Posted by marcelle

Is it just me or do the banks not send you statements once in a while to let you know how much you've paid, etc.?? I have never had anything from them since the day I took the loan out!!

LLoyds have never sent out statements, but you can obtain a current balance of the loan via their internet banking, am unsure if this is something RBOS offer

[marcelle]

Thanks skbuncks, i'll check with rbos!

[boxer64]

Originally Posted by skbuncks

Hi Boxer, Have just tried it and the download still works so I would give it another go.
Its not really a template though and more of a "This is how i did it" type thing. It can be modified for anyones claim if you play around with a bit but is quite time consuming in the amount of data you have to enter. Im sure there are better ways to do it but the calculations involved are far beyond my simple mind to grasp

skb

finaly downloaded the spreed sheat thanks, iv'e just sent out my non compliance / prelim Claim letters to halifax and barclys, and prelim Claim / LBA letters to Abbey, so im just going to work out my ppi acconts using varios spreadsheet templates,
Thanks again

	Small Claims kit by Lawpack Sue your bank as many times as you like with just one Small Claims kit by Lawpack. Follow this link to read the review. The kit contains everything you need: instruction manual, templates, examples, forms and a comprehensive CDRom. Applies to England and Wales

[skbuncks]

Update:

Am still chasing lloyds up for missing info about first graduate loan. They finally got back to me with some fob off about needing more info from me in order to chase it up, id already given them the dam loan account number twice. So sent them what they need and am wating again. God but they annoy me

skb

[skbuncks]

Anyone know who underwrote lloyds insurance from 1999 to the present. Am going to send them a Subject Access Request for all details they hold too, will be interesting to see just how much the insurance actually cost

skb

	Subject Access Request A Subject Access Request is a demand which you can make to any organisation to disclose any personal information which they hold on you. The right to disclosure of data is provided by the Data Protection Act. There is no time limit. The organisation is obliged to reveal everything they have about you - which you ask for - as far back as you ask for. There are very few exceptions. It does not matter whether the data is held on microfiche, in an archive, on tape, in a cardex system, in sound recordings or in screen notes. Some companies are saying that they do not have to disclose where it would be difficult to do so - "disproportionate effort". This is untrue. Disproportionate effort refers to something else under the Act. If you are seeking bank charges information then you should ask for "all data held on you" and you should make it clear that you want everything as far back as it goes. Do not be put off by excuses. Do not accept being fobbed off. It is not in your bank's interest to make full disclosure to you. This means that it is in your interests to get it. If you have not started gathering your bank charges information yet, then you should start now. There will soon be a big rush once the OFT test case has been settled. Get all of your bank account informtion as far back as possible. At least as far back as 1995. If your bank says that they don't keep data as far back as this, don't accept it. Be persistent. They've got what you need in some form or other.

[reidnet]

I would presume it would have been their own Insurance, Lloyds Insurance Services. I would be surprised if they would have had it underwritten by anyone else, of course using in house Insurance would also invrease their Profits etc..lol

You can try contacting this address and see if they can help out..

Complaints Department
Lloyd's
One Lime Street
London
EC3M 7HA

Tel. 020 7327 5693
Fax. 020 7327 5225

E-Mail Complaints@Lloyds.com

Hope that Helps.

Good Luck

Ian

[rks99]

Originally Posted by skbuncks

The spreadsheets i used for my calculations can be found here

PPI for posting web.xls

skb

I really would love to get some figures for my loan/ppi. Tried this link but it says'file not found' and I get re-directed to the home page. I wonder what I'm not doing right?

[lolia]

Hello
Just subscribing. Am currently claiming for bank charges and intend to look into ppi as I was misold one and have been trying to cancel for the past 3 months without success. Am paying £78 a month just for the ppi.
Good luck.

	Bank Charges You should have started your claim for your bank charges by now. Don't wait. You should send your bank a Subject Acess Request asking for all personal data they hold on you - not just statements. You should calculate all of your bank charges and related interest as far back as 1995. You should send your bank a demand for a refund giving them 7 days. You should commence your legal action adding 8% statutory interest. If you wait for the outcome of the test case, you may not be able to claim like this. you may not be able to claim interest. You may only be offered the difference between the charge and the OFT "fair charge". The repayment scheme will try to limit you to refinds from 2001 only. A repayment scheme will not deal with any bank charges related defaults on the credit register whereas in a court action you can ask for these to be removed and to be compensated for the damage caused to you and your family by them. You should also write to the bank and to the CRA and put all charges related credit entries in disupte and warn them that you will want them removed from the Register when the test case is over. Warn them also that you are likely to be seeking compensation for these wrongful data entries. Full and final settlement Have you previously accepted a partial repayment of your bank charges in full settlement? You will still be able to claim the rest of your money back after the Test case is decided. Get all your information back to 1995 and put in your claim now.

[boxer64]

Originally Posted by lolia

Hello
Just subscribing. Am currently claiming for bank charges and intend to look into ppi as I was misold one and have been trying to cancel for the past 3 months without success. Am paying £78 a month just for the ppi.
Good luck.

Hi
lolia recntly had my mis selling complaint unheald by the HALIFAX, they offered me new loan without PPI, and refund of premiums on final account of existing loan, but im still unemployed after they declined claim made on existing PPI, and would be unable to pay new loan.
contemplating how to get compensated overall, haven't signed any thing yet, but the admittion of mis selling is a start
Anybody with advice please feel free to respond.

	Bank Charges You should have started your claim for your bank charges by now. Don't wait. You should send your bank a Subject Acess Request asking for all personal data they hold on you - not just statements. You should calculate all of your bank charges and related interest as far back as 1995. You should send your bank a demand for a refund giving them 7 days. You should commence your legal action adding 8% statutory interest. If you wait for the outcome of the test case, you may not be able to claim like this. you may not be able to claim interest. You may only be offered the difference between the charge and the OFT "fair charge". The repayment scheme will try to limit you to refinds from 2001 only. A repayment scheme will not deal with any bank charges related defaults on the credit register whereas in a court action you can ask for these to be removed and to be compensated for the damage caused to you and your family by them. You should also write to the bank and to the CRA and put all charges related credit entries in disupte and warn them that you will want them removed from the Register when the test case is over. Warn them also that you are likely to be seeking compensation for these wrongful data entries. Full and final settlement Have you previously accepted a partial repayment of your bank charges in full settlement? You will still be able to claim the rest of your money back after the Test case is decided. Get all your information back to 1995 and put in your claim now.

[skbuncks]

Finally I have some of the missing data I requested in nvember last year, namely the rebate amounts from each loan. Lloyds are however unable to supply the loan agreement from the first loan as its from too long ago. Strange as I thought they had to keep stuff for six years and loan wasnt closed until April 2002. Still they have said in their latest letter that they will be supplying a transaction list for the loan shortly. Im gunna ive them a week then proceed anyway cos im sick of waiting.

I have know been able to finalise the figures for grad loans 2 and 3 and select loan 1.
Alos looking back over my employment history I was in temporary employment (six month contracts) up until July 2002 so grad loan 1,2 and 3 PPI policies were mis-sold on the basis that my employment circumstance immediately excluded me from cover.
The Lloyds TSB Loan Protection Policy Document has this to say on exclusions to the Policy:

You will not be covered for any period of unemployment which:
Immediately follows a period of casual or temporary work, or
Is normal in your line of work, or
Results from the end of a fixed term contract, except where you have:
· Worked continuously for the same employer for at least 24 months, or
· Been on a contract for at least 12 months and had that contract renewed at least once

[skbuncks]

Tables

[skbuncks]

Some explanatory notes on the above tables.

1) I calculated interest seperately and on a daily basis for the loan amount and the PPI amount.
To convert from APR to daily interest I used the following formula:

Daily rate = ((1+APR)^(1/365))-1

2) Outstanding Balance - This is what I calculate the outstanding balance to have been for loan and PPI when the loan was paid off. Settlement figure include the early settle fee which is subtracted 3 lines below. The variance is the difference between my figures and banks figures. An exact match would be very hard to come by

ie loan 3: loan balance of £3500.48 + PPI balance of £709 = Total £4209.5
loan 3: settlement figure of £ 4061.91 which is £4009.74 minus the ERC. If you add the rebate to this (which for loan 3 was paid into the loan to reduce the settlement amount) this equals £4215.18.
£4218.18 - £4209.48 = £4.8 so theres a difference of £4.8 between my calcs and theres over a 39 month period.

3) Insurance to claim back is calculated as follows (again for loan 3)
Total insurance premiums paid + difference between rebate and settlement figure for the PPI.

ie loan 3: £1347.84 + (709-205.44) = £1851.40

4) The calcs for select loan are a bit more complicated as they continued to take payments for several months after the loan was actually paid off. They assured me at the time that they would balance the books correctly but, well, they didnt.

As a matter of interest lloyds base their rebates (roughly) on the following table:

Months into loan 0 percentage rebate 100
Months into loan 12 percentage rebate 65
Months into loan 18 percentage rebate 49
Months into loan 24 percentage rebate 34
Months into loan 36 percentage rebate 14
Months into loan 48 percentage rebate 4
Months into loan 60 percentage rebate 0

Hope this is clear lol

Current total to claim = £2943.03 and still to add in grad loan 1

skb

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[skbuncks]

Graduate loan 1 comes to £444.49 to claim.

Grand total = £3387.52