Hi there I have the Terms and Conditions. Apart from stating what the interest is, there is nothing else about it. With regards to a settlement figure they state "If the outstanding balance of the Total Amount Payable is repaid early you may be entitled to a rebate of charges. Details are available from NR. I reckon that they are screwing me big time. I have plowed loads of money in this year.

Hi folks I have a loan with Northern Rock that I am plowing a lot of extra money into. Today I have been given a settlement figure that seems to be way over what it should be and I can not make out why. Speaking to a manager at Northern Rock he told me that my loan had been front loaded with interest when I took it out. I can not think for the life of me why the settlements figures are like they are. As an aside. I downloaded a spreadsheet that has been pretty been on the nail for settlement figures. This year they have started drifting from the spreadsheet. Today's was the last straw. It was around £170 more than predicted! Before, the spreadsheet was predicting figures above theirs and now it has been reversed. Am I being screwed? Do I have any comeback on this? All they said was "read the terms and conditions". Any ideas? Basics of loan are: £20000 borrowed over 10 years starting in 2004 No PPI APR 7.94% Here's a link to my loan calculator: http://www.hey4q2.demon.co.uk/NorthernRock.xls Thanks Jools

YES!!! Thanks Alana:D You have made my weekend! At least some of my letter has to be taken seriously and answered. if not, FOS here I come:D

Thanks Alana:D I do have all the paperwork. Being like a bull at a gate I sent off my letter without actually finding my original documentation.:o Reading the paperwork it knackers the following agruments that I put: 1) I was not informed that stress and back problems were excluded from the insurance. 2) It was not explained that the PPI would not run for the full course of the loan. On point two it says in my notes that the protection runs for 120 months. However. Despite these downfalls in my agrument I still believe in the following: 1) I wasn't asked if I had any insurance that would cover, be it from an employer or other company 2) I wasn't told that I could buy my cover anywhere else I believe I may have some kind of case. When you look at the amount of PPI that they were going to charge over the length of the loan it was just over half the amount I originally borrowed!!!

A case against AA personal finance. For me, at the very least, they sold it to me without telling me that I could have got my cover elsewhere and they never asked if I had any existing cover

Hi folks Woke up this morning to find this on the Daily Mail website. I headed off to the thisismoney website and went through the questionnaire to see if I could claim. Apparently because I had no idea you could go somewhere else for PPI I could have grounds for a claim. I also had no idea that my PPI only lasted for 5 years. My loan was taken out in April 2005 and was due to end April 2011. My loan was repaid in full in April as I was sick of paying off money to a loan company. Also. I keep reading about single premium payments. How do I know if this was how mine was done? I know from phoning them and asking for a settlement figure that when they gave it to me they would say, "your figure is X amount minus off payment protection left in the loan". From this I am assuming that there was some kind of pot of PPI that each month when I made a payment they would deduct a little more off the payment protection. I stuck in a claim based on the following grounds. Do you folks think I have a chance? I was not informed that stress and back problems were excluded from the insurance. (I resigned from my last job due to stress. It was 6 months before I got back on my feet, although I didn't claim on my PPI I just kept paying my installments) EDIT! (Bugger, I just found the original documentation and it is in there:( ) I was not asked whether I already had any existing insurance or employer benefits that would cover my repayments. (definitely never asked this) It was not explained that the PPI would not run for the full course of the loan. (Never told this. I always imagined that I was paying the PPI for the length of the loan and that I was covered up until the end) EDIT (On the original documentaion it states under Duration and Termination that the policy will cover the term of the agreement up to a maximum of 120 months) When I tried to cancel my insurance the refund I was offered did not represent a fair refund as is requiredder the FSA. (I remember asking one day about cancelling it. From what I was told it sounded pointless to do so.) Looking at the original agreement that I signed they stated the PPI was £2131.20 plus £414.00 interest!!! What do you think? Grounds for a refund?

Hi folks Woke up this morning to find this on the Daily Mail website. I headed off to the thisismoney website and went through the questionnaire to see if I could claim. Apparently because I had no idea you could go somewhere else I could have grounds for a claim. I also had no idea that my PPI only lasted for 5 years. My loan was taken out in April 2005 and was due to end April 2011. My loan was repaid in full in April as I was sick of paying off money to a loan company. Also. I keep reading about single premium payments. How do I know if this was how mine was done? I know from phoning them and asking for a settlement figure that when they gave it to me they would say, "your figure is X amount minus off payment protection left in the loan". From this I am assuming that there was some kind of pot of PPI that each month when I made a payment they would deduct a little more off the payment protection. I stuck in a claim based on the following grounds. Do you folks think I have a chance? I was not informed that stress and back problems were excluded from the insurance. (I resigned from my last job due to stress. It was 6 months before I got back on my feet, although I didn't claim on my PPI I just kept paying my installments) I was not asked whether I already had any existing insurance or employer benefits that would cover my repayments. (definitely never asked this) It was not explained that the PPI would not run for the full course of the loan. (Never told this. I always imagined that I was paying the PPI for the length of the loan and that I was covered up until the end) When I tried to cancel my insurance the refund I was offered did not represent a fair refund as is requiredder the FSA. (I remember asking one day about cancelling it. From what I was told it sounded pointless to do so.) What do you think? Grounds for a refund?

Hi there I'm a guy in my early thirties who is in debt. Right now I working my way towards paying off that debt and hoping to be debt free by the end of next year. At the moment I have a loan of £20,000.00. The loan itself was taken out in 2004 and if left until the end finishes in 2014. Well. Not if I can help it! Each month I pay £239.16 and I would like to pay off an additional £118.29. Why the £118.29? Well I am just going to pay off another loan and I would like to put it into the big one. How can I work out predicted settlements figures if I plug in additional monies? I've found various calculators online and heard of various things such as Rule 78 etc. What I'm trying to do is find out how much my settlement figure would be at the end of next year and how much more money I would need to save in order to wipe out my loan. Can anyone out there help out? Thanks Jools