This is the way I worked it out and I applied it on the FOS examples. These examples do not include charges on the values provided but the various interest work the same. I believe my arguments are correct but it is still only my interpretation. You will need all your statements to get the relevant balances and interest you paid, as well as the PPI premiums and charges. Take the balance of the first month and calculate the interest of the PPI premium (this is similar as the interest claims on the bank charges thread and the spreadsheet in that thread, I think the thread is by Bankfodder). You can do that by dividing the interest by

Thanks Vic... I hate being sad too...soon be again with a bit of luck DD

A correctly drafted TO would never include that consent, one that was drafted from a reputable Solicitor/s, but then again no reputable practice would ever suggest a VC for their client, end of. Thats why they instigate litigation to convert it to a secured debt you dont defend they get a CCJ forthwith and then swiftly apply for the Interim and then the final,thats why a defence must always be submitted even if you lose Correct Dotty So in essence, if a successful TO can be agreed between parties, then this is a far better option over a CCJ. No costs and no credit register. Regards Andy

Hi LTP Very well done on your success! I am very interested in your theory regarding having the charges that were applied as a result of the addition of mis-sold PPI refunded.........I agree that the FOS factsheet quite clearly refers to charges caused by the application of PPI. In my own case though the PPI and loan were serviced by a current account which then incurred charges as a result. Do you have a specific thread regarding this you could point me in the direction of please? Keep up the good work! Landy x