Thread: Help, PPI interest calulation info needed

Hi

can anyone give a really easy Breakdown with all the + - x / etc so that i can attempt again.

i have tried to link into the spreadsheet, but my comp wouldnt let me!

just in case i still cant get it, my figures are as follows:-

Loan approx £48,000 September 04
PPI £24.25pm over 17 years
37 payments made to date
6.5apr at time loan taken out fixed at 5.99% (whatever that means) for 7 years.

i dont even know if the ppi is covering me for the whole 7 years or only covering me for 5, no one told me or asked if i wanted the ppi in the first place.

i have no idea of the cost of the total PPI cost, it wasnt discussed with me, and i have no paperwork giving me any breakdown and total cost figures.


doing one for my friend as well same sort of thing.

Loan £41,300 over 3000 months (this sounds forever)
PPI £20.65 over the same period???
7.30apr at time of loan (not fixed)
132 payments made to date.


i think that is everything, apart from 'dear god please dont let me be the only bimbo out there that cant figure how to work out the PPI interest.'

any assistance appreciated.

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