Hi,

I have just registered on here and have been trauling through the links trying to find what i need. I had about 4 or 5 loans with Blackhorse, HFC and Paragon over the past 8 - 10 years but do not have any account details. Can i still chase these with PPI as the Paragon one was for House Improvements and a substantial amount.

Any help would be appreciated.

Thanks,

Grant

Hi Grant and welcome to CAG

If it were me I'd send a Subject Access Request (SAR) to each lender. There is a template in the CAG library, the link to which is at the top left of every CAG page in green. Cos is £10 and they will have 40 days to comply.

Make sure you add a line that says that the SAR is to include copies of any and all agreements you ave had with them.

If you haven't got account numbers then make sure you give them your full name and the address(es) you were living at while the loan was active.

ims

As long as you can provide all addresses from when you had the accounts

and some dates they should be able to trace the accounts in your name.

Welcome to CAG!!

Hi Grant,

You could contact them with your details and request your information under the data protection act.

Im sorry I do not know the working on actually claiming back PPI, but I do know that they have to provide you with your info.

Someone cleverer than me will be along soon im sure

Ha Ha Ha

the clever people got to you whilst I was typing lol.

Ha Ha Ha

 

the clever people got to you whilst I was typing lol.

Who might they be then? certainly not me

Thanks all,

Ok i am in the process of filling out the SAR for the companies. Will get them out in the post tomorrow.

Here's hoping.

Grant

Hi Again,

I have today received information back about 3 loans from Paragon Personal Finance dated between 2003 - 2005. All 3 loans i had taken out Joint PPI. In total the PPI for all 3 loans amounts to £12,800 that is without interest added. All 3 loans were paid off early, can anyone please advise me on my next steps to take.

HFC have also replied but require a copy of my driving license or passport and have returned the £10 cheque. Do i need to resubmit the SAR, cheque and a copy of ID now or just a copy of ID?

Thanks,

Grant

Yes you need to send it all again inc. cheque.

If you moved at any time during the life of the

accounts you will need to supply all the addresses.

Yes you need to send it all again inc. cheque.

If you moved at any time during the life of the

accounts you will need to supply all the addresses.

Thanks, i will resend this evening to HFC.

Hi Again,

 

I have today received information back about 3 loans from Paragon Personal Finance dated between 2003 - 2005. All 3 loans i had taken out Joint PPI. In total the PPI for all 3 loans amounts to £12,800 that is without interest added. All 3 loans were paid off early, can anyone please advise me on my next steps to take.

 

Hi

Have a read of No.1 in my signature...it will guide you through the calculations.

There are spreadsheets at the end to help you.

ims

Thanks,

I will take a look at the calculations but to be honest i dont understand most of it.

Is there a set letter to send to Loan company now they have responded with account number and full breakdown of the accounts after the initial SAR?

Do i need to request the full amount of PPI plus calculations or do i hope they do it on my behalf. I am just worried i may get it wrong.

Thanks,

Grant

Hi

Go through it slowly and you may find it will click.

The idea of doing your own calculations is to satisfy yourself that any offer they make is correct and that when you send the spreadsheet to them it shows that you know what you're doing.

The idea is that you send a copy of the spreadsheet and a completed fos questionnaire to the lender with a brief letter requiring refund. The questionnaire is available from the fos website.

Have a bash at the figures and if you get stuck, I'll help you.

ims

Thanks,

I have filled out the FOS questionnaire ready for all 3 Paraon Loans. I have done these seperately as 3 different accounts numbers. I will try and work out Interest. On the statements they have sent me the 3 PPi amounts are £5000, £4900 and £2000. All loans were paid of early so am i claiming all 3 full amounts plus interest? I hope thats correct..

Thanks

Grant

Hi

Were all of these loans "stand alone" or did you use each of them to repay the previous one?

ims

I think as far as i can remember that they were stand alone...

Hi

 

Were all of these loans "stand alone" or did you use each of them to repay the previous one?

 

ims

ims21,

I have sent you a PM with a breakdown of 1 if you have the time could you please have a look for me.

Thanks..

Grant

Got your PM.....just having some nosebag....will post again in a bit

thanks

Hi

ok these are the figs you gave for loan 1

Loan 1:

Loan Amount £20,000

Payment Protection £5,000

Monthly rate of Interest:0.674%

APR: 8.4%

Anticipated Monthly Payments: 180

Monthly Repayment: £240.19

9 payments made @ £240.19 then repaid

Interest: £16,733.57

Interest Rebate: £15,888.71

PPI Rebate: £816.72

Admin Fee: £150.00

Redemption Funds: £24,515.35

PPI is 20% of the total loan (5,000 / 25000 x 100). That means that 20% of each payment made was for ppi. Monthly payment is 240.19 so 20% of that is £48.04. In the spreadsheet called "StatIntV101.xls" (which you should have got from the link at No.1 in my signature) list the 9 payments made of £48.04.

Also, 20% of the settlement figure of the loan is for PPI which equals £4,903.07 and they rebated you £816.72. Take one from the other and you are keft with the figure of £4,086.35. Pop this in as the last entry in the list pf payments.

The spreadsheet will work out the 8% interest for you as well.

Send a copy of the spreadsheet and the completed fos questionnaire to the lender and all you need is a brief letter saying here's my claim, give me my money back. Keep copies for yourself and if you can, send it recorded.

They will have 8 weeks to investigate and give you a final decision before you can pass it to fos.

ims

Hi

 

ok these are the figs you gave for loan 1

 

 

 

PPI is 20% of the total loan (5,000 / 25000 x 100). That means that 20% of each payment made was for ppi. Monthly payment is 240.19 so 20% of that is £48.04. In the spreadsheet called "StatIntV101.xls" (which you should have got from the link at No.1 in my signature) list the 9 payments made of £48.04.

 

Also, 20% of the settlement figure of the loan is for PPI which equals £4,903.07 and they rebated you £816.72. Take one from the other and you are keft with the figure of £4,086.35. Pop this in as the last entry in the list pf payments.

 

The spreadsheet will work out the 8% interest for you as well.

 

Send a copy of the spreadsheet and the completed fos questionnaire to the lender and all you need is a brief letter saying here's my claim, give me my money back. Keep copies for yourself and if you can, send it recorded.

 

They will have 8 weeks to investigate and give you a final decision before you can pass it to fos.

 

ims

Ok, sorry to sound a bit dumb but do i also put in there the original £5000 PPI or how does that work...? Or am i not claiming the original £5000?

Grant

No you don't put in the original £5,000.

You are claiming that £5,000 back by way of the instalments you paid and the final settlement figure.

Think of it this way, you did not actually part with the £5k at the start. The bank loaned you that £5k over a period of time and you repaid it by 9 instalments and then a final settlement. So you do still get it all back but the dates you actually parted with your money are important because it is those dates that are used as a base for calculating the 8% interest.

ims

Ah ok i have it now, thanks.... I sent you a PM but it seems to have sent it 5 times to you, sorry for that....lol

If you dont mind can i send you another PM regarding the other 2 loans?

Grant

Hi

Got the PM

The claim to date should be today's date.

You can post all of this up in open forum....no need for PMs

use this method by dx100uk BUT REMOVE PERSONAL INFORMATION FIRST)

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!!

or convert them to .PDF

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

than many single ones

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

NB:you can set where it goes in the post by hitting insert inline.

then hit reply button

ims

PM Received....

Here is the breakdown of the other 2..If you could help..

Thanks

Loan 2

Loan Amount £10,000

Payment Protection £2,900

Monthly rate of Interest:0.759%

APR: 9.5%

Anticipated Monthly Payments: 120

Monthly Repayment: £164.17

36 payments made @ £171.10 then repaid

Interest: £4,671.10

Interest Rebate: £4,213.68

PPI Rebate: £88.19

Redemption Funds: £10,697.68

Loan 3

Loan Amount £14,000

Payment Protection £4,900

Monthly rate of Interest:0.793%

APR: 9.9%

Anticipated Monthly Payments: 120

Monthly Repayment: £244.73

31 payments made @ £244.73then repaid

Interest: £7,295.13

Interest Rebate: £6,581.60

PPI Rebate: £339.04

Admin Fee: £150.00

Redemption Funds: £16,363.44

Regards,

Grant

Grant, just post this stuff up in open forum.....PMs are not needed

ims