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pudsey7

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About pudsey7

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  1. The original PPI was £3712.50 payable at £33.66 a month. By the time the loan is paid off the amount of PPI payable will be £10,098.00. The amount given in compensation was £5,290.91. All I am looking for is for the interest on the PPI part of the loan to stop but not sure that there is anything I can do?
  2. As my payment amounts haven't reduced from when the loan was originally taken out.
  3. As I went through Bright Finance to get the loan (they are the ones who sold the PPI) then the FSCS refunded me the payments I had made and the original PPI Premium. However, it is Nemo that the loan is with and therefore it is them that we pay the repayments of the loan to and the PPI amounts. When the PPI was found to be mis sold and the refund given from the FSCS Nemo never adjusted the loan and therefore we are still paying the interest of the PPI over the term of the loan.
  4. Hi, Looking for some advice we received a cheque for FSCS back in 2010 for mis sold PPI. We took the loan out through broker Bright Finance. The loan is with Nemo. When we accepted the cheque we were of the understanding that the loan would be adjusted to stop any future PPI interest. I have been round the houses several times and from another post on here see that Nemo do not have to rewrite the loan to exclude the PPI interest. If I had known this at the time I would have questioned the amount with the FSCS. There is still 10 years left on my l
  5. Hi, We took out a loan in 2005 with Nemo. It was through the broker Bright finance. We tried to reclaim our PPI through Nemo and they said it had nothing to do with them and we needed to go to the broker Bright Finance. I took this to the FOS who advised that I needed to go to the FSCS. They advised that we were eligible for compensation and we received the original premium plus what we had paid in interest to 24th August 2010. I thought that Nemo would still have to rewrite the loan so that it was as though the PPI was never there. They said that
  6. Sorry forgot to say that this is regarding bank charges.
  7. Hi All, I have been fighting with RBS for over 6 years for bank charges. I am now at the point where I want to take them to court over these charges and want to know if you think I have a case. In 2010 they sent me a letter saying that I was not in financial hardship because I had understated my income which I believe was an error on their part as my salary was not paid into an RBS account so therefore they would not have known what my salary was and because I can also prove that this was my salary at the time. Further to this when I took my case to the FOS RBS advised them tha
  8. Hi All, I have been fighting with RBS for over 6 years for bank charges. I am now at the point where I want to take them to court over these charges and want to know if you think I have a case. In 2010 they sent me a letter saying that I was not in financial hardship because I had understated my income which I believe was an error on their part as my salary was not paid into an RBS account so therefore they would not have known what my salary was and because I can also prove that this was my salary at the time. Further to this when I took my case to the FOS RBS advised them tha
  9. I have now been in touch with Nemo on this who said they don't have to adjust the loan so the PPI interest is not being paid anymore and that I need to go back to FSCS. when I phoned the FSCS they said I had to go through Nemo. Any suggestions on what I should do next? Thanks
  10. Any advice on how I should word it as I have already contacted them in the past before got compensation from FSCS and they said they wouldn't look at my complaint?
  11. Yeah it was a single premium but as it was through a broker Nemo refused to adjust the loan to take the PPI off. Do you think it is worth writing to them to say that I request the adjust to be made as I believe it was mis sold? Thanks
  12. The original PPI was £3712.50 payable at £33.66 a month. I have phoned Nemo in the past to cancel it but they advised that my payments would not come down as they did not know how much of my monthly payments were loan and what was PPI. By the time the loan is paid off the amount of PPI payable will be £10,098.00. The amount given in compensation was £5,290.91. All I am looking for is for the interest on the PPI part of the loan to stop but not sure that there is anything I can do? Thanks
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