crampers ; Thanks for that , good result there; gives me hope, and thanks for taking the trouble to post. dx, what I meant by "c) The additional notional amount of loan that I have paid on account of the wrongly applied PPI payments." Because the PPI was wrongfully added on each month , after the interest, it took far longer to pay off the loan, As a result the final settlement figure was higher than it would have been if PPI had not been added. I could have explained it better.

Thanks again for that DX, but I have not a clue what that means. I use excel for sorting and graphs everyday but never for calculations of that nature. My cat would have as much chance of calculating that ! However, I will post your formula up on one of the excel forums on another site and see if someone provide me with a spreadsheet with the items in the correct place. As I see it I should be due a) All the 100 payments of PPI and b) All the interest on the PPI from the month paid @ 8% pa but does your formula include c) The additional notional amount of loan that I have paid on account of the wrongly applied PPI payments. Thanks !

Thanks, i shall have to google "excel calculations". Not sure where to put the * and / signs and in which boxes.

Thanks for the formula DX. Although I use Excel all the time, I am no good at those type of calculations so i have done it manually ( 108 months - that's a lot of calculations ! ) So, now I have a figure .....which is circa 5k This is made up from every monthly PPI Payment, and I have also added on interest @8% for the PPI for every year since loan start in 1993 to 2010. ( Is this interest add on correct ?) Can you advise me which letter I should now draft ; should I just send a letter statiing that I require a PPI refund without stating a figure ? This seems to me a better option as I cannot be certain of the exact amount due, and if so, which letter should I send please ? Cheers !

Many thanks. Using the templates supplied ( template 2 ) I have nearly completed my letter, but I cannot calculate the amounts due over 9 years ! None of the calculators on this or any other site I can find will calculate the PPI paid on the basis of 25p per £100 balance outstanding after montly loan payments are taken, and monthly interest added.. All I can do is calculate over 100 calculations using my calculator and then do another 100 calculations to show what I would have paid without the PPI ! Crazy. Anyway, thanks again !

Can anyone advise please where I go from here now ? Thanks very much.

Hello I took out a rescheduled loan ( bundling up a couple of loans that had fallen into arrears ) for 7k in December 1993, Ancient history I know ! - I still have the agreement in fact and all the correspondence. The agreement has a box ; - "Credit Insurance " ... The customer is required to take out and maintain life insurance in respect of the person named below....." ( ie me ), the PPI was obligatory as a condition of the loan. So I paid this loan until around 2002, might be a bit later. I know theres time limits on these things - any chance of a claim on this anyone please ? Thanks !