Cardiff pinnacle PPI is now correct

Alleluia - thank you so much DX. Much appreciated. I will send them off tomorrow.

87.36x9.829/100=8.5866 PPI for month = 8.5866 (I rounded up to 9.00)

 

 

whats that all about?^^^what are you trying to calculate

I was trying to work out how much I paid per month on PPI

that's not how you do it..

I got this calculation from somewhere here. Was looking at a post cannot remember which one. Have been reading so much.

why is it wrong and what would be the correct formula?

the ppi calc is in that guide I sent you

its either

PPI+INT/TOTAL LOAN+INTX100=PPI%

or

PPI/loan+PPIX100= PPI%

in otherword

both must either have int added

or both must not.

dx

OK thanks DX - I will check this before I send today.

Much appreciated.

UPDATE I had an email today from GE asking for more information regarding the PPI claim.

It was GE from whom I got the loan from although the Cardiff Pinnacle is the underwriter.

I sent them both letters and emails.

I will put the information in the post first thing tomorrow.

As I moved houses obviously they needed my previous address details etc.

Keeping fingers crossed.

UPDATE

- FIRST NATIONAL CONSUMER FINANCE (ORIGINALLY) THEN GE MONEY (CARDIFF PINNACLE UNDERWRITER)

I had an email and a letter from GE Money in (Newport) saying that they are looking into the PPI and would get back to me in four weeks.

It has already taken them two weeks to respond. Is the normal time frame is 8 weeks?

Finally found the creditor who is looking into the PPI.

I was looking everywhere for someone to take the ownership of this.

I think Cardiff Pinnacle may have passed it onto GE.

yep that history and who to target is on here already if you search for it.

dx

Thanks DX. It is the GE Money as they have apologised for the delay in responding to my complaint and said that they are looking into it but will take 4 weeks.

I guess they have lots of complaints so the target time getting longer.

whatever it s for

you'll never get anything out of GE themselves

that's for sure...

Well I had a loan from First National Consumer now GE in 2004 which had PPI which is what I am trying to claim.

I also had a loan from First National Tricity (now Santander - I believe) - again trying to claim PPI - not been successful so far.

But not given up - still pursuing.

Judging by the experience others had on this site, it seems it takes years for them to admit.

Oh I had a letter from Cardiff Pinnacle to say that they are looking into my complaint. So hopefully between GE and Cardiff may sort something out for me. Keeping fingers crossed!

Hi everyone - there is hope for anyone who had First National Consumer Bank loan with PPI. Cardiff Pinnacle finally took responsibility and looking into my claim. I had almost given up thinking that no one would take responsibility. It was passed from FNB to GE and then now Cardiff Pinnacle.

any news

dx

Hi there

I sent a claim form for PPI against First National Tricity then Santander and they both rejected. I then claimed it against Cardiff Pinnacle they also said no.

But yesterday I received a letter asking me to apply for a refund for the commission. I had no idea about this commission.

I will scan the letter tomorrow and send it. In the mean time can some one please explain if this is a new process to claim PPI?

Any advice would be greatly appreciated.

CB

Its to do with ppi commission rates that are deemed unacceptable.

plevin case

Here is the letter that I received from Cardiff Pinnacle. It says that I need to make the claim against the creditor who was First National Tricity. However, they have been bought by Santander. So do I put the claim against Santander? They are really hard company to claim anything from.

I will send it anyway. I don't even know if they charged any commission and how much or anything as I was not told.

Thanks for your help.

CB

Letter from Cardiff P re PPI.pdf

they wouldn't ge writing if there was nowt to claim

much have been better than 50% of the PPI sum went to whomever sold it as a backhander

if Cardiff are writing

then Cardiff have all you data

have these had an sar?

Thanks DX.

Yes I did a SAR to both Cardiff and FNT/Santander and I was told that they could not find any data because it was long time ago (1998) and they do not hold previous data.

I have some statements from them and have the first statement when I took out the loan where it says PPI charges but no mention of commission. After sending these statements they still rejected the claim. Santander said that they do not hold any responsibility because they did not sell.

I am going to send the reclaim again. So now do I send to Santander again? Is there an application form that I need to fill in or is it the same fos form that I sent previously?

I am going to attach this letter from Cardiff with that letter so they will know that there may be a case for claiming/

Thanks again.

CB

well you should get one or the other refunded

they cant just blindly be sending out plevin letters without checking their data

so they must hold data