Blackhorse ppi reclaiming

**milly5** · 2nd April 2009 15:23

Hi , Ive come to a standstill regarding attempting to reclaim PPI icon

from blackhorse via the courts and need some help.

Started my original claim back in October 07,wrote to bh and got usual reply was not mis sold ppi .
Tried the fos icon

but because my loan was prior to jan 05 was unable to go down that route.
Then along with some other loans tried a company that aims to get your money back [no win no fee] anyway after wasting loads of time now been told the company cant help with the ppi but that I definitly have a claim if I want to persue it myself
I have got as far as having the N1 but have become stuck on how to calculate the amount of ppi to request.
I had a single premium policy with the ppi front loaded at start of loan.
had first loan in 03 then consolidated in 04,still paying loan now.
cancelled the ppi in october 07 and received a rebate off the loan .
I have both my loan agreements and they state the cash price of payment protection policy,the interest icon

rate and apr,then it gives an amount of total charge for credit,this is added to the payment protection plan and the combined figure was my monthly repayment for the ppi.
I want to claim compound interest butI am not that good at maths and have become really stuck on how to proceed with working out what I need to claim! any advice would be very welcome

thanks

**alanalana** · 2nd April 2009 22:40

Hello milly,

Hi , Ive come to a standstill regarding attempting to reclaim ppi from blackhorse via the courts and need some help.

Started my original claim back in October 07,wrote to bh and got usual reply was not mis sold ppi .
Tried the fos icon

but because my loan was prior to jan 05 was unable to go down that route. Black horse would have to have been regulated by someone have you tried GISC, FLA and ABI? more links below to help.
Then along with some other loans tried a company that aims to get your money back [no win no fee] anyway after wasting loads of time now been told the company cant help (and therein lies a story of companies jumping on the bandwagon to get yer cash but unable to do the job) with the ppi but that I definitly have a claim if I want to persue it myself
I have got as far as having the N1 but have become stuck on how to calculate the amount of ppi to request.
I had a single premium policy with the ppi front loaded at start of loan.
had first loan in 03 then consolidated in 04,still paying loan now.
cancelled the ppi in october 07 and received a rebate off the loan .
I have both my loan agreements and they state the cash price of payment protection policy,the interest icon

rate and apr,then it gives an amount of total charge for credit,this is added to the payment protection plan and the combined figure was my monthly repayment for the ppi.
I want to claim compound interest butI am not that good at maths and have become really stuck on how to proceed with working out what I need to claim! any advice would be very welcome

thanks

Have you sent a Subject access request icon

?

If not it would be a good idea to send one as this will provide you with everything on both accounts, Consumer Credit Agreements, terms and conditions icon

, statements, needs and wants/customer duty of care questionnaire to ensure the product sold PPI was suitable for you.
The statutory fee is £10.00 and should supply you with enough information to work out how much PPI you paid before cancelling. This should allow you to add up the PPI payments add on their interest rates as charged to you and make your claim.

this is a link to a template SAR icon

just edit to suit your own needs.

http://www.consumerforums.com/resour...ebt-a-dca.html

Link with reference to GISC
http://www.oft.gov.uk/shared_oft/ca9...sions/gisc.pdf

Finance and Leasing Authority (FLA) Codes of practice
FLA :: Consumer finance :: Consumer Codes of Practice

Another link from PPI thread back in 2007
Can I complain about old PPI policy? | This is Money

Also worth making contact with this organisation...They may give further advice on how to reclaim.

The Association Of British Insurers

I am also not good at maths but gather the information and then build up your case.

aa

**milly5** · 3rd April 2009 16:33

Hi Alanalana, thanks for replying and for your advice.

The reason I am using the Court route is that it will be quicker and I am so fed up with blackhorse Iwant this sorted now. From what iv'e read the FLA aren't much use so I wont be contacting them.
I have already sent a Subject access request icon

last year and I have all the information regarding PPI I just am stuck as how to calculate the amount I need to ask for on the N1 form.I know that for bank charges there is a calculator where you input your charges and it works out the interest icon

but I haven't seen anything to help with ppi calculations.
I guess i may have to work this out for myself.
milly.

**alanalana** · 3rd April 2009 23:31

hello milly.

a couple of calculators here for you to try out one is in the stickies in the PPI icon

forum.....Download PPI Calculator HERE (Single Premium PPI)

and this is another which may or may not be of use..........

http://www.newsquarechambers.co.uk/C...calculator.htm

hope this helps

aa

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