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meanbean

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About meanbean

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  1. Think I have spotted where my calculation possibly goes wrong - I paid off my credit card balance in month 30. According to the FOS:- http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi/redress.html#redresscc see section "consumers who clear their credit card balance in full each month" It seems that when I paid off the balance this will be treated as an over payment of £1,147.72 (the difference between what my card balance was on the statement and what it would have been if I didn't have PPI) and attracts the simple interest rate of 8%. as does my next months pa
  2. Thanks for your reply. But are my spreadsheet figures correct? dx100uk said (in post #2) that Coop rarely get it wrong. The offered amout is a tidy sum but I don't want to accept something that's way off the mark
  3. The spreadsheet I used is a copy of FosRunningPPI v102 available on this forum. However I modified it so that I could enter the actual card interest rate applicable each month and also so it continued working out interest after PPI premiums were stopped several years ago. Not all the columns are shown. Just need someone to check the the running total of PPI and the accrued card interest applied each month. The Coop offered less than half the card interest on the premiums than what spreadsheet gives.
  4. Hi, Received an offer from the coop bank to settle my PPI claim but their interest calculation seems way out from what I think it should be. They've offered a refund as follows:- PPI premiums paid = £2,098.70 Card Interest on premiums = £1,478 8% interest on notional credit balances = £1,068 Link to my calculation sheet (extract) is below; can someone check if the coop are being fair and my calculation is wrong, or is my calculation correct http://jmp.sh/v/fjUmMLllLhjN1syQzm9S
  5. I took out a Lloyds loan late 2005 for 25K with PPI. Still have another 18 payments or so to go. Reason for taking out the PPI was to protect payments should I ever be made redundant from my main (Employed) job which is responsible for about 85% of my income.. However, I was also Self Employed (from 2004 and still am) in a part time business I run in the evenings / weekends. I still work in my main job, but if I had been made redundant or if I am before the loan is repaid, I dont think the PPI will pay out because I'm still self employerd. This defeats the reason I took out t
  6. Anyone know what effect the wrong account number on a Notice of Assignemt has - does it make it invalid?
  7. Well just looking at the documents supplied again:- The sample application/agreement is the same quality of print and colour contrast as the Financial and Related Conditions. Hence I think it would be reasonable to presume these two go together. However the signed copy application/agreement is different in quality and contrast (being much darker); hence reasonable to presume this document is 'on its own' so to speak. Can someone confirm what prescribed terms must be on the signature document?
  8. All the documents supplied were separate sheets so the Financial and Related Conditions sheet they sent could belong to the copy of the signed application or the sample application/agreement. Would the statement at the bottom of the signed application (just above "Post Your Application Today") tie the application/agreement and the Financial and Related Conditions sheets together? Also this document was signed in May 2004 (if this is relevant)
  9. Background: Cabot took over Barclays/Littlewoods credit card A/C 2008 Other half initially made some monthly paytments that we couldnt really afford so eventually had to stop paying. Sent CCA to Cabots mid 2009. After all these months have just received copy of agreement from Cabots together with a sample agreement (presumably because this is more readable), Financial and Related Conditions, and some copy statements. Documents:- http://i495.photobucket.com/albums/rr311/meanbean_27/Agreement.jpg http://i495.photobucket.com/albums/rr311/meanbean_27/Sample.jpg http://i49
  10. I had a council parking ticket early last year. It was paid direct to the council in June 09 (£110) sometime after receiveing a court order. That I thought was the last of it. However at the beginning of August I received a letter (put through the door by a bailiff) demanding payment of £122.88 and threatening removal of goods. I wrote to Excel at the time stating that £110 had been paid direct to the council in June which they then later acknowledged but stated that they had a warrent of execution for £12.88 I wrote again to Excel requesting that they send me a copy of the warr
  11. My OH had the same blank agreement from Next in response to a CCA request last year. OH replied with a letter almost identical to scotts letter given above and eventually received a reply from Next confirming that they did not hold a signed agreement. However they reiterated the fact that a default entry would be entered with credit reference agency. My OH has not checked credit file but I dare say Next would have put a default on it - reading other threads it seems the norm despite the fact they should not - no signed ageement = no authority to enter data on file. Next then sold acc
  12. As the Lloyds suervisor said - it may be to do with the banks credit cruch. I've had a Lloyds TSB Platinum card for appox 6 years with a 15k limit - might have been late paying once or twice over the years by a few days but nothing recently. I also receieved notification this week of my credit limit being reduced to a little above my current balance. I use this card a lot - I basically buy everything on it during the month and pay off at the end of the month - sometimes more and sometimes less than I've spent in the month. My balance has gone up the last two months - but it always has don
  13. The following post may also be of some use:- http://www.consumeractiongroup.co.uk/forum/legal-issues/173201-why-you-shouldnt-use.html
  14. Copy of T&C's supplied by claimant so far is illegible (agreement dated 1999). I have now found a set of T&C's that was sent to me around May 2005 (headed "we are making changes to your T&C's etc etc). I assume the original T&C's would have allowed for this. The important point with 2005 T&C's is that they clearly state "Summary of Amendments .......Expenses and Charges: We have amended the charges you will have to pay us in the event of a breach of the agreement. We will charge you a fixed amount in relation to each specified breach". Then in the detailed T
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