Black Horse - PPI & Late Payment Charges

**cassie** · 29th February 2008 17:32

I have been trying to resolve a mis sold PPI icon

with Black Horse since July 07 without any luck.
I originally requested S.A.R - (Subject access request icon

) 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 icon

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 SAR icon

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

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**hellhasnofury** · 29th February 2008 20:41

Originally Posted by cassie

I have been trying to resolve a mis sold PPI icon

with Black Horse since July 07 without any luck.
I originally requested S.A.R - (Subject access request icon

) 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 icon

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 icon

) 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:grin:

**cassie** · 6th March 2008 14:15

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 SAR icon

does not include the original loan details - surely, by law it should?
Can I claim back the late payments as being excessive?

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