hi to all,

could someone please help me,

i have ongoing ppi complaint and they told us over the phone that we need to have PPI as the loan was of big amount for secured loan

and they wouldnt release the loan if we don't take ppi and at present they are being investigated now.

the problem is if being successfull fingers crossed how would i know if i am getting the right refund,

i tried several formula from this site but going nowhere.

i followed IMS21 formula but getting differnt amount and i cant find that thread now.

cash loan :22000

ppi :6380

APR (variable) 12.9%

int rate per annum 12.23%

monthly payment 434.58 variable for 108 months started 11/5/2006

thanks in advance for the help

total cash price PPI / total cash price loan * 100 = %

6380/22000*100=29%

% of PCM = PPI PCM

29% of £434.58[PCM]= £126.03 PCM

fill in below for EVERY MONTH you made a payment.

StatIntSheet v101.xls

so from the

FIRST payment date [11/5/06]

enter date/reason/amount for every monthly [PCM] PPI payment ever made

dx

thanks dx for help, i'll try to do the computation and post the result here and see if i made it right.

It says on award calculation £1816.26 after i've filled in the relevant field upto this month.

ppi premium £6380

charge for credit £4170.52 for 108 months

the loan is still running and we have 3 more years to pay

how much refund approximately would we get so we wont rip off again?

many thanks again

sorry?

use the calc i gave you

use the info from your agreement.

dx

hi dx thank you for the quick reply

so it was £1816. will it include the 6380 premium i suppose.

many thanks again

i have changed my exp post above for you.

dx

hi dx i think i confused you now sorry the loan was 6380+22000=28380 in total. thats why i've got the £1816 ty

can you scan up the agreement please

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

.

ENSURE: remove all pers info inc barcodes etc using paint program

but leave all figures and dates.

.

goto one of the many free online pdf converter websites

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

.

dx

i'll try i tomorow as it was late now, many thanks dx for your help and to CAG team

hi dx,

sorry dx it's too technical for me to download what you've ask me to do, i'm not that literate in computer.I've read some previous post here and this is the calculation that came up. i've done the calculation as a fixed APR eventhough our APR is variable and our monthly payment now is higher than below.

Agreement: Amount of credit for

Cash loan £ 22,000.00 PPI £6380.00

Duration (months) 108 108

monthly payment £336.89 £97.69

APR (variable) 12.9 % 12.9 %

total charge for cedit £ 14384.12 £4170.52

interest rate per annum 12.23 % 12.23%

Variable

Summary: total borrowed £28380

monthly payment £434.58

CAlculation

statin

Award calculation : monthly payment PPI £7033.68

8% simple nterest 1720.12

total £8753.80

loan analysis

on the 73rd month column D £301.69

column E £132.89

column F £12739.69

thank you again for your patience

PPI is 22.48% of total loan.

In the spreadsheet that dx gave you just list the payments of £97.69 giving the date of payment, a description (i.e. PPI Payment) and the amount (£97.69).

If your repayments changed due to it being variable rate, just work out what 22.48% of the total monthly repayment was and enter that figure in the list.

Do that for every payment you actually made.

The spreadsheet will do the rest.

You don't need to enter anything to do with interest rates as that is already included in your monthly repayment.

ims

:rockon:

dx

hi ims, i'm actually followed calculation from your previous post here. i've just put fixed payment as i do'nt have exact figures of payment but it is not less than £434.58 permonth so what i am trying to find is only rough estmate of rebate if successful and tthis what came up:

CAlculation

statin

Award calculation : monthly payment PPI £7033.68

8% simple nterest 1720.12

total £8753.80

loan analysis

on the 73rd month column D £301.69

column E £132.89

column F £12739.69

thank you again for your patience

hi dx, all of you here are quick to help.

i don't nknow if i've done it right.

thank you again

post up the spreadsheet

dx

now im very thick! how do i do that?

post 9

convert it to pdf and attach it

dx

hi dx, i'll do it tommorow as i need help from my friend who was good in computer.

thank you again!