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My wife took out a loan 2 years ago with Natwest. So far she has paid approx 1195 in PPI on the loan with another 2 years to go.
After reading about claiming back ppi on another site i have this week sent a letter off to natwest to claim this back as we were told at the time of getting the loan that we would have to have ppi to be accepted.
The letter was sent 3 days ago to the branch that dealt with the loan. I will keep you updated on how this carrys on . Any good advice will be listened to with thanks.
can anyone help work out what i should be owed?
I'm no good using the spreadsheets other people have tried.
details
loan £8897 PPI £1897
total amount payable £11,209.80 (includes 2,390.40 ppi including interest)
term 60 months
£186.83 per month
comprising of £146.99 for loan
ppi £39.84
APR 9.9%
loan taken on 27/07/07
First repayment taken on 16/08/07 then monthly.
Cheers PF . got the email. I'm confused with the figures though as its over double what i would have thought we'd paid. Shows how much people are being duped by these companies!
But glad i joined the CAG
Thanks
I received a confirmation letter today saying they have received my letter to claim.They have given a scale of eight weeks.
Should i wait to see what they come back with? Or should i send inthe figure that i want to claim now?
I'm confused with the figures though as its over double what i would have thought we'd paid. Shows how much people are being duped by these companies!
Yes indeed and its higher because the interest and s69 statutory interest is fractured into the amount owed.
I received a confirmation letter today saying they have received my letter to claim.They have given a scale of eight weeks.
Should i wait to see what they come back with? Or should i send inthe figure that i want to claim now?
Any offer they give you is likely to be wrong, they need to know right away that you know what you are talking about and will not take to any half baked offer so in answer to this question yes get those figures sent to them a.s.a.p.
Your an absolute diamond. Your help is great. I shall send it recorded tomorrow. Will keep this thread going but i expect it will be a little while before i hear back from them.
PF i'm going for a claim on a store card, This will be more complicated as it stratches back about 8 years and of course it will have variations on how much PPI was paid each month as its approx 1.50 per hundred pounds of the balance.
Would you be able to help with the workings out of this one once i've received back the SAR?
I had noticed !
Well i had a reply from Natwest today. This is the 2nd letter from them. The first was to confirm my case with them, after which i sent them your figures. The letter i received today basically said that they cwere not going to continue with my claim as they did not know which loan it referred to.
Very strange. I think its just them trying to stall, so another letter is going off to them Monday.
Its true that in my letter giving them the figure a wanted to claim , that i didn't include the loan agreement number. But i did include their case reference number that they gave to me, which related to my first letter which indeed "Did" have the agreement number on it.
Its not rocket science is it?
Or maybe their case numbers don't actually mean anything?
Anyway my new letter will include all copies of letters sent and received, so hopefully they will be able to understand what i am claiming and from which loan we have with them. (shouldn't be hard as we only have the one)
Received letter from Natwest yesterday. They seem to have picked up on a loan i had previously to the above mentioned.
Thay have calculated they owe 495.68 including interest on this one and are asking if i will accept this. What do you think?
Should i go for this or should i push for the other 8% interest on top[?
Also they have not said anything as yet about the loan i have with them now?
Natwest ppi claim started **WON**
. So far she has paid approx 1195 in PPI
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