Thank you ims. It was a separate policy which I paid monthly to protect my mortgage. when I took out an additional loan I increased the payment I made in respect of the policy so that it covered the monthly mortgage payment lindajf

RBS have recently made me an offer and I need help with the calculation The refund of premiums is £6033.80 Gross int at FOS rate added to each over payment to date £4,460.70 Less tax @ 20% 892.14 3568.56 Is it correct that tax should be deducted from the FOS interest? lindajf

update - on the revolving credit account they have made a good offer of the ppi compound interest and 8%. This will be more than enough to clear the debt. on the credit cadrs they have made an offer of premiums and sent me a statement detailing the interest. This is not as much as I expected and they have only calculated from 2001 even though I have had the card since 1994. There is also no 8% interest which I think they should have added. Should I ask them why there is nothing prior to 2001 and about the 8%. Lindajf

Thank you rebel11

RBS have agreed to repay the the payments made on this policy following a "mis-selling" claim. I need confirmation that they may have calculated incorrectly and any help would be appreciated. They have calculated the refund Then added gross interest at FOS rate added to each overpayment to date Then deducted tax at 20% giving net FOS interest which they have then added to the refund giving the total due If this works the same way that repayments are calculated on loans and credit cards then the gross interest should be added to the refund of premiums then 8% standard interest should be added and it is on that amount that the 20% tax should be deducted from Am I right to advise them that they have missed that step and they should recalculate the amount due Happy Christmas to everyone lindajf

Thank you ims. It is reasssuring to have some back up for what I was thinking. I will post again as soon as there are any developments lindajf

I am looking for some help and encouragement having been rejected by Barckaycard in relation to the claim. I have made claims in relation to three cards - one rejection received but they do not say which card this relates to - I take it this is a staling tactic - if we don't tell you which case this relates to you will give up \however, as they refer to pre 2001 I assume it is my oldest visa card They have dealt with one of the reasons for my complaint - that I had a pre-existing medical condition that may have excluded any claim - they say during the sale my attention was drawn to the fact that I might not be covered in the event of a claim (don't remember that one!) They say they have not been able to identify any reason to suggest that the limitations of the policy were not discussed with me and this was disclosed in the pre and post sales literature They totally ignore the fact that the main plank of my claim - that I was self employed and during a down turn in my business I was not "unemployed" and unable to made a claim and therefore it was not suitable for my circumstances They finally go on to say that the date of the sale precludes the date that Barclaycard became signatories to the ~General Insurance Standards Code and therefore the complaint is not eligible for referral to the FOS Any help and advice that anyone can give will be appreciated lindajf

In March2004 I had a loan with Natwest. This was for £24,000. The payments were £602.21 including the PPI premium of £119.42. I made payments until April 2006 when I had a serious reduction in income. The loan is now subject to recovery so the bank will have received a premium refund. The only way I would have been able to claim under the policy was if I had been made Bankrupt or ceased trading due to the financial insolvency of the business (this makes me wonder whether I should have ceased trading!) I am now subject to a dmp and the arrears on the account are over £19,000. I believe that the bank official who set up the loan suggested that I take out the policy as cover in case I became ill. No consideration was given to bankruptcy. Should I consider a claim to reduce the debt? I have seen the spreadsheet. Can anyone advise how I take into account that the bank will have had some of the premiums repaid? With thanks in anticipation of any advice lindajf

I will update once I have the SAR but the credit report shows that the credit card is "settled" with the debt assigned. There is shown a card with Marlin Financial Services Ltd (who the debt was originally assigned to) with the same default balance. On the revolving credit account this is still shown as HFC and the balance is reducing lindajf

In 2008 I had a greatly reduced income I was in court with nearly all my creditors. I cashed in an endowment policy to pay off most of the credit card debt to beneficial they did not accept that payment as a full and final so they got a Judgement for the balance but I could not keep up the payment. Therefore, they got a CO. I recall the Judge was sympathetic but said there was nothing he could do. When it came to the rolling credit I offered a minimum payment I could afford, they asked the Judge for a charging order and said they would not enforce it! I am waiting for my credit file through Quick Credit Score who are sending me a code/password to access the report and once I have it I can see if any of the debts are decreasing lindajf

Actually I apologise, I got the holders of the accounts the wrong way round. Restons hod the rolling credit account and Mortimer Clark the credit card account on behalf of MCE Portfolio Ltd

In 2008 Restons got Charging Orders for both the credit card debt and the rolling credit with Beneficial/HFC. There was approximately £5000 outstanding on each. The rolling credit debt has apparently been sold on to MCE Portfolio Ltd and Restons say they do not control that account. Mortimer Clarke wrote to me recently offering a reduction of 25% and they have done so before.

Thanks to both dx and joncow for your replies - fingers crossed. I will post an update when I have one. It will be interesting to see what happens because both these accounts are subject to charging orders courtesy of Restons. Restons still hold the account for the revolving credit but the CC has been sold on and is controlled by Mortimer Clarke who are always writing and offering me a 25% reduction for immediate settlement It might come down to a visit to Court to get the Charging Order (at least with Restons) discharged. lindajf

I had a Beneficial credit card since 1994, I also had a rolling credit agreement with HFC until 2008 when I had a downturn in business. I am self employed and never "unemployed." I also had a pre existing medical condition that they never asked about when I took out PPI on both accounts. I have put in claims that the PPI was mis sold and on the credit card the charges were substantial. My accounts are now closed The balance on the credit card is paid by monthly agreement with Restons and the rolling credit agreement has been sold on and is also paid monthly under an agreement Having read the threads here I am sure they will try to wriggle out of paying out the claim, but as part of my claim I have said that I expect them to put me back in the same position I would have been if the PPI had either been able to be claimed or had not been in place If they do not agreed to the claim should I take the claim to the FSA? And what would happen if they say that they do not have the statements for the accounts which would allow me to do the calculation of what they might owe me. I have sent them a SAR so I can see what information they do have and am waiting for a reply lindajf