HSBC PPI reclaim.
Hi Guys,
I've been out of the loop for sometime now but managed to retrieve thousands of pounds worth of bank charges for myself, friends and family.
I'm now back to have a go at PPIfor my girlfriend as she was heavily mis-sold her agreement. I have all the template letters and understand the process. Can someone help me out with calculating what we want back from them? This is on a £7,000 loan.
Details
Credit Protection Loan
Amount of premium including insurance premium tax £1,503.51
Amount of loan £1,500.00
Total charge for credit £288.90
APR 7.4%
Total Amount payable under this agreement £1,788.90
Repayment
Initial repayment £29.52. Date of first repayment 21 Decemeber 2004
59 further repayments of £29.82. On the same day of each month thereafter.
I would be greatful if someone could help calculate that. I calculate that she has paid £1401.24 of the PPI agreement thus far (payment most recent was october 21st 2008 )8). What would the 8% statutory be on that?
Please help.
Mr S
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