Thread: Can somebody explain calculations please

I have just had my case upheld by the fos against Capital One!!!!

I am now awaiting a settlement figure, but am somewhat confused as to how this is derived. The simple process would be that I had a loan for 6 months of a 20 year term. The single payment policy was added upfront at £8,000, when I settled I was given £1,500, therefore I should be entitled to £6,500 in addition to 5 years interest at 8%.

However, I believe that this changes due to the fact that Capital One acted as a broker at the time for Paragon, who the loan was with.

Please could somebody explain in laymans terms how this is worked and the ballpark figure I should be looking at?


Many Thanks.

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Hi not sure if this is the right place to post this am trying to claim back mis sold PPI from central capital we had a loan from swift which they have agreed to reduce amount to pay back and i can say they have been very good with this and don,t want too risk this as we are in process of selling as we were in arrears . am just getting confused as to the amount and interest i should claim for ppi but here goes

Total loan £34,095.00 over 300 months at apr of 14.52% monthly interest is variable starting at 1.2100%

PPI £4,773.30
so total loan is £38,868.30 over 300 months and inc ppi


interest is 14.52% apr
Monthly rate 1.2100% Variable

so i have calculated that
ppi interest since loan was taken is £1,559.44

total is £6,332.74 inc ppi and interest since loan was taken out ( so this is cost of ppi to date inc interest)

£4,773.30 ppi
£1,559.44 ppi interest to date
so am adding the following

£1,028.42 Statutory interest 8% on ppi
£410.52 statutory interest on ppi intrerest
with statutory interest added
total to claim is £7,771.68

Is thai right or have i gone off track hope this is the right place forgive me if not