well update case was fasttracked with FOS and they have upheld my compliant so lets see what central trust say now

well rang FOS and my ajudicator has told me that the cliam is being upheld so he has upheld my complaint which is a step in the right direction just hope that central trust comply with this am gonna now go after swift advances got noting to loss as they too it all so its worth a try

well i have now got my claim in with FOS and it has been fast tracked due to my circumstances they rang today and allocated an adjudicator anyone know how long they take

I have just recieved a letter form central trust in regards to mis-selling of my ppi ive just settled the loan which the ppi was added to they say they feel that they are unhappy with certain aspects and have offered £2000 now i have had to pay £10000 as the ppi was added to my loan so need to take this to FOS any help would be great i have the phone conversation and i would say that they did not go over the ppi and did not take all my circumstances into account.

well update sold house had to pay extrotionate amount back to swift no for central truct got letter the other day stating that they felt that the pii was sold in accordance to policys but they felt that they were unhappy with certain aspects so they have offered £2000 how they came to this amount is beyond me which am not accepting as i have had to pay over £10000 for this ppi so am now taking it to the FOS can anyone help as am unsure what to do and does anyone know how long it took to get FOS involved

Hi i have a loan with them done through a broker central capital were selling up and have a redemption fee that would make your eyes water Need advice as to trying to claim some of these charges and can i claim unfair charge or extortion for the interest. original loan was £34,095.00 ppi £4.733 apr 14.52% Monthly variable 1.2100% Total loan inc ppi £38,868.30 300 months total 25 years redemption on total loan is £54,367.98 broken down to Original loan £38,868.30 Interest Charged £18,790.68 Less Payments received £11,026.67 sub total £46,632.31 Charges incurred £3,115.03 subtotal £49,747.34 add redemption admin fee £250 Early Settlement interest £4,370.64 Grand settlement total is £54,367.98 now do i need to get a further break down of these charges i managaed to get them to reduce this by £1,800 but feel that we still seem to be paying a lot of money back. i often here on the forum that swift refer to themselves as a small company but with millons of profit does that really say to you small am thinking iam not the only one that has loan of swift so if they do this as standard they are making some serious money off the backs of people that can't afford it and they take advantage of peoples situations and needs. so i will get the swift ball rolling

as far as am aware if your loan and ppi was sold via a broker then its the broker that you should be claiming from i think the swift issue needs another thread which i will start lets try to get this started and make people aware i think i will be trying to claim charges back from swift i have nothing now so have little to lose . i was astounded when i found out how much i was paying back and the amount of interest on the ppi well they have till nov then i take it to FSA and see what happens will keep you posted

yes seen ss v swift advances i just wanna get rid of this company and never go to them again am still awaiting new from central trust i contacted swift in regards to how much ppi interest was on the account they said it was impossible to tell how much it was in fact the lady on phone was suprised that the ppi interest was for the duration of the loan. Which tells you that they really don,t care whats charged i will post when i have news from central trust it looks like its a large claim and i got my policy documents finally on friday i was right the policy was so unsuitable. was not told about pre medical conditions . Why do these people sell you these things without thinking of the reprecutions, well am here to fight it out

Hi no ccj just suspeneded re possession order, which the judge was very kind he let us agree to pay £200.00 month off arrears and then the monthly payment so we must keep up with that . I will ring them monday find out if they have refunded any of the ppi and interest and will let you know am sure that when i worked out the redemption early settlement interest its more than 6 months interest so need to contact them further thanks will keep you posted ppi is till Dec 2008 as was only 3 year policy so lets hope they get this sorted

Hi yes i know its very high i have not asked swift how much of the redemption figure is for ppi and interest on the ppi will do that Loan Started in dec 2005 we are currently 9 months in arrears so they charge higher interest on the arrears but have managed to get reduction the other charges are for letters , court cost, solicitors cost we have come to a figure of about £10.000 to reclaim for the ppi as we worked out from the total loan interest paid we broke it down to 1/8th which gave a figure of interest for the amount of the ppi i think we have it near enough but am not exact on these figures as i have no real breakdown of the interest of the ppi it is astounding how much is to be paid back were working on a deadline of the 10th oct to sell our house other wise the redemption figure will go up again

Forgot to say thank you , its a real help and great to have help. Hi well i know that that figure was going to be high so this means that the total i could be claiming for would be over £10,000 well have more figures for you if you dont mind sorry to be pain original loan was £34,095.00 ppi £4.733 apr 14.52% Monthly variable 1.2100% Total loan inc ppi £38,868.30 300 months total 25 years redemption on total loan is £54,367.98 broken down to Original loan £38,868.30 Interest Charged £18,790.68 Less Payments received £11,026.67 sub total £46,632.31 Charges incurred £3,115.03 subtotal £49,747.34 add redemption admin fee £250 Early Settlement interest £4,370.64 Grand settlement total is £54,367.98 So am assuming that total of £46,632.31 (which is loan , ppi and interest) inc interest on both loan and ppi togther. so your right that would mean i have paid alot of interest on the ppi as they have calculated the total loan inc ppi plus interest how do i work this out then ppi was £4,773.30 how do i work it all out got a bit mind blowing am lost helppppppp!

Hi yes i have copy of credit aggrement i have not contacted them for a breakdown od the ppi interest i just assumed as it was added to total loan that if i payed the total loan inc ppi for the duration of the 300 months that i would be paying interest on the loan and the ppi for that duration which was 300 months. So do in your opinon does the amount am claming for seem right for the figures i have as i don't want to loss out as lost to much already lets say when the total loan is paid off in oct i will be paying £54,367.98 now thats crazy but some people on this forum have paid more so am thankfull for that. I want to see this claim through till the bitter end even if i have to go to court as it was total not the right policy and was done in such i way that unless i had the ppi i was not going to get the loan there are loads of factors for being mis sold this ppi so i feel i have no option to pursue this claim and i have nothing right now to lose. the sale of our house and paying of this will leave no dates and no profit but we are glad for that so this offers some gilmmer of hope but we endevour never to get into this situation again. its really bad when you look at this forum and we all seem to at the bitter end of these companies who make millions and still claim to be small the gouverment and the law need to protect the interest of people who feel they have no option but to use these companies, i feel that they all should be fined and regulated correctly . So in your opinion my figures for claiming do they seem right any amount would be better as the % they refund once loan is paid of and the policy is cancelled is a miserly amount so any help on the figure i have will be good. They have sent letter today to say they are looking into my compliant they have 8 weeks to investigate or payup hope its the latter or i will take to FOS and final court if it goes that far whcih am so prepared to do

cheers thanks for that i realised i needed to do that an newbbie sorry for confusion

Hi hellhasnofury i found out the other day that the ppi was for 3 years in fact since i had the loan and ppi i have had no information or policy documents in regards to the ppi i have asked for copy of policy and are still waiting after 2 months so decided to claim as mis sold as i know what was said over the phone and i was not told it was for 3 years, and was not told that i was going to be charged 300 moths of interest on the loan and the ppi collectively. sorry for bleeting on so monthly payments started of at £483.41 am bad at maths so any help on my figures would be great do you think i could but i higher figure due to the higher interest of 14.52% leet me know any help would be great we have been in such a mess for a while and we have a deadline for selling our house so hopefully we pay loan off in oct so by the time i know what will be happening with this claim for ppi i assume if i am successfull this would be paid to us not off the loan as i see on the forum happens. its such a shame these companys operate like this and its been soul destroying but we need a fresh start I will never have loan or mortagage again lifes not about what you own its about self worth and these companies prey on peoples situations Sorry again for going off on one am like a dog with a bone and it gets me so angry. any help/advise would be welcome they rised to £524.21 as interest went up to about 16.5% due to arrears

Hi not sure if this is the right place to post this am trying to claim back mis sold ppi from central capital we had a loan from swift which they have agreed to reduce amount to pay back and i can say they have been very good with this and don,t want too risk this as we are in process of selling as we were in arrears . am just getting confused as to the amount and interest i should claim for ppi but here goes Total loan £34,095.00 over 300 months at apr of 14.52% monthly interest is variable starting at 1.2100% PPI £4,773.30 so total loan is £38,868.30 over 300 months and inc ppi interest is 14.52% apr Monthly rate 1.2100% Variable so i have calculated that ppi interest since loan was taken is £1,559.44 total is £6,332.74 inc ppi and interest since loan was taken out ( so this is cost of ppi to date inc interest) £4,773.30 ppi £1,559.44 ppi interest to date so am adding the following £1,028.42 Statutory interest 8% on ppi £410.52 statutory interest on ppi intrerest with statutory interest added total to claim is £7,771.68 Is thai right or have i gone off track hope this is the right place forgive me if not