Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)



Last Will and Testament Kit


Make a legally valid will without the fuss and expense of a solicitor - includes a full step-by-step guide.

£9.99 + £1.50 (P&P)

BAILIFFS - The Law and Your Rights

Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.

The book is easy to understand and clearly explains the rights a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.

£13.95 + £2.00 (P&P)


Reclaim the Right Ltd. - reg. 05783665 in the UK

reg. office:
923 Finchley Road
London
NW11 7PE
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  1. 28th August 2009 15:50 #1
    fedupwithitall fedupwithitall is offline
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    Default "Figures advice" please Black Horse

    Hello

    I spoke to BH insurance today regarding my cancellation of the PPIicon, and about what amount I will be getting back from them regarding being mis-sold.

    I can't get my head around how they do things so I would be grateful if somebody with a head for figures could check this out for me.

    The loan started in 2004.

    Amount of loan 15,000.
    monthly payment of 126.99
    interesticon per month 0.759%
    APR 9.5

    PPI
    2,550.00
    monthly payment of 21.59
    interest per month 0.759%
    APR 9.5

    The term of the loan is for 300 months.

    Combined monthly payment £148.58. I now pay 170.44.

    The letter I received today states that once the PPI is cancelled the monthly payment will drop to approx 146.28. I rang them up to ask for the total I would be repaid and I was first told £1500. I said that that was too low, because according to the letter I got from them last month, It stated I would be getting back the 2550.00 plus interest, plus 8%.

    He then went away for a while and then came back and said that I would be getting around 1800.00.

    Now that still seems to low to me, so I would appreciate it if you could tell me whether I should accept or not. I feel like I have been robbed again, but he said that I would be getting everything back I am entitled to. Is this right.

    Many thanks for any help and advice

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  2. 28th August 2009 16:29 #2
    BankFodder BankFodder is online now
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    Default Re: "Figures advice" please Black Horse

    My head can't deal with figures eiter. However you need to calcualte everything which you have paid over to them including the interesticon and then add a further 8% on top of that - meaing 8% right from the first payment you ever made to them.

    The 8% is broadly meant to reflect the interest which would be awarded to you by a county courticon.

    If you are up for a fight, you could increase the payout by asking for restitutionary damagesicon instead of the 8%. However this would defeintely require court proceedings and could delay the payment. If you need the money urgently then do your calculations and insist on that and not a penny less.

    Don't accept any nonsense from them. be prepared to issue a court action if necessary. Don't bother qabout the Ombudsmanicon.

    Just be certain of your figures.

    Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential.
    Please include a link to the post you want me to look at. If you have received a defence, contact me.
    Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts.
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  3. 28th August 2009 16:46 #3
    mkb mkb is offline
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    Default Re: "Figures advice" please Black Horse

    Pompeyfaith has written this to a similar query & it clears up the confusion. You obviously need to use the figures from your own agreement.

    http://www.consumeractiongroup.co.uk...t-2386673.html

    Hope it helps.

    Link to CAG letter templates: http://www.consumerforums.com/resour...ollectors.html
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  4. 28th August 2009 17:40 #4
    fedupwithitall fedupwithitall is offline
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    Default Re: "Figures advice" please Black Horse

    Thanks for your reply.

    I have tried to use the calculator but just don't get.

    Hoping somebody can try and work it out for me.

    Regards

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Reclaim the Right Ltd. - reg.05783665 in the UK reg. office:- 923 Finchley Road London NW11 7PE