Thread: Emmtay v barclaycard PPI insurance

Hi
Please can someone help me?
I've SAR'd barclaycard for PPI on my credit card, they have sent all statements back to 2004 but there is no agreement.
How do I work out the interest? Is there a template for PPI interest on this site?
Thanks
Emmtay

Thanks for replying aa.
I sent the cheque with the SAR which they duly cashed and sent ALL statements.
I will write back to them with non compliance letter for the signed agreement and T&C's and the other missing items.
I have had a look at the interest calculation templates, but I am confused as to which to use as they are for bank charges or credit cards, but I'm claiming PPI payments not charges on the credit card, so wouldn't that be different?
Do you think I should ask PF?
While I'm here, can I ask for your help with M&S, or should I start a new thread?
Many thanks again
Emmtay

Hi, me again!
I've just done lba for barclaycard, also GE Money, and M&S, and SAR to Crapital One.
A thought just occured to me though!
Am I right sending those LBA's as it says 7 days or I will take them to court? Getting confused because read so many threads on stuff I thought next step if they didnt comply was fos?
Thanks again
Emmtay

No need to ask PF as PF is here!!!!!!!!!!!!!!!

There is no spreadsheet for monthly PPI, but having said that it is easy to do although time consuming.

Right this is what you have to do, firstly grab a cup of tea lol

Got that cuppa ? right then we will start

Get a sheet of A4 go though your statements writing down every PPI payment along with the date it was applied.

at this point make a note of the APR and chect this APR on every statement as it can change

Got all that down now go here:

Compound interest calculator

Insure the rest days is set to compound monthly

Now just imput the dates and each amount and APR that applied to that payment.

Click calculate and the figure will appear below the total figure is the ine you want

Write this down in another column and do the same for the rest.

Now we have a column of figures with the compound interest allied next we need to add on the s69 statutory interest at 8%

So next we need to go here

Blake Lapthorn - simple interest calculator

Again do each one entering the rate of 8% the principal sum which is the colum where you have just added compound and the dates.

Write down each figure as you go in another column

Now you have done this Well Done just use the windows calculator to total up.

That total will be your claim.

Regards

PF

only me!
Thanks aa, will stick to seperate threads.
Thats great pf, sounds like a lot of money due back!!
One question, as I cancelled the PPI on the cards, do I claim from start date to cancelled date, or start date to todays(calculation) date?
Also, do I tick the 360 day box?
Have just looked at the paperwork barclaycard have sent, and it doesn't show the monthly APR, it shows the interest rate on the standard balance and the cash balance:?
So for example, June 2009 statement show interest 2.075%, whereas the APR at the moment is 27.9%.
How do I find out what each months APR was?
Hoping you can help me out again!
Cheers
Emmtay

small bump!

Hiya emmtay,

Right,

Firstly start date to todays date as it its a rolling credit agreement and not fixed term like a loan is.

Yes tick 360 days a year

The monthly interest rate on an APR of 27.9% is 2.075%

This you can find here

Interest Rates Guide: Everything you ever wanted to know!...

Regards

PF

Bookmark that link in case you need it again.

Hi Emmtay

I've just sent SAR to Barclaycard so I'm just behind you. I'll subscribe to your thread to see how you go on and to pinch PF's excellent advice on working out figures .....

Thanks again pf.
Will see how I get on with that, just still a bit unsure with regard to which APR to use? Do I just use the latest as its not on each statement?

Good luck Jan4a, will keep this updated!

Hi me again!
After my lba to barclaycard they sent me a photocopy of t&c's, but still nothing with my signature on; no signed agreement, so I have resent another LBA giving them a final 7 days to produce a SIGNED agreement.
If they don't send this- which I doubt they will as think I applied for it online, do I just send in my claim for PPI or do I take them to court for non- compliance/ unenforcable agreement, in which case do I then stop payments and go down the 'wipe the debt out' route?
I will get more if I claim PPI as balance on card is only 500.
Any advise please?
Emmtay

That's something I was wondering about too - I'm in same boat as you, would get more on PPI.

Right, Im just going for it!
Im sending claim for PPI payments, plus a total of 24 late payment/exceeded limit charges, just putting them through compound interest calculator now, then im going to put on the 8% too.
Will post when done!

yup do your calculation then ill be along this evening to check it 4 u sending this on my phone as cant get to my pc at the moment PF

Hi Emmtay,

Thought I would take a look at your threads.

What's happened, are you still calculating? lol

Hi Dotty
No, didn't take quite that long, LOL!
Playing the waiting game with barclaycard, also Capital One, Santander/gemoney(evans storecard) refused and referred me to F&LA so just starting to get all paperwork to send to them today!
How's your calculations going?
emmtay

Hi, Emmtay,

Just about to go through what they sent me to try and find rates, also found another spreadsheet.

Will keep you posted and thank you for your help

Hi
Just getting round to updating things!
I WON!!
Please can your mark this as a success someone?!