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WendyN

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Everything posted by WendyN

  1. That's brilliant. That's what I had done, but I just wanted to check! Again, thank you SO much for all your help with this. I will keep you posted on how I get on, and of course make a donation to this fantastic forum. Best wishes, W
  2. Hiya, would really appreciate your help with just finishing off the calculations - am I right in thinking that I add a final figure to the spreadsheet, which is in effect the total excess PPI charged for all loans, minus any payments made to this, as above? Thanks very much... W
  3. OK - I think all of my calculations should be sound now. Thank you very much for all your help! I now have a very long spreadsheet (!) with: Loan 1: x9 PPI payments for loan 1 Loan 2: x0 PPI payments for loan 1, x0 PPI payments for loan 2 Loan 3: x11 PPI payments for loan 3, x11 PPI payments for loan 1&2 Loan 4: x21 PPI payments for loan 4, x21 PPI payments for loan 1-3 Loan 4: x2 PPI payments for loan 5, x2 PPI payments for loan 1-4 Just one quick question to finish off - how do I finish off? £ 2,208.40 (early repayment refund expected ) - £ 1,978.23 (early
  4. Loan 5: Early repayment refund expected £ 2,208.40 Early repayment refund received £ 1,978.23 PPI claimed £148.35 Interest claimed £105.47 Excess PPI from loan £230.17 Plus excess PPI from last loan £1,264.07
  5. Loan 4: Early repayment refund expected £1,672.07 Early repayment refund received £964.39 PPI claimed £1,343.05 Interest claimed £1,066.31 Excess PPI from loan £707.68 Plus excess PPI from last loan £1,079.14
  6. And I also think... My fifth loan was for £10000 plus the PPI of £2268.27 making a total loan of £12268.27. The PPI part of loan 5 is 18.49% of the total (given by the formula 2268.27 / 12268.27 x 100). The PPI left over from loans 1-4 = (loans 1-3 £663.78 – £292.32 (21 payments of £13.92)) + £707.68 (remainder of loan 4) = £1079.14 The PPI part of loans 1-4 is 8.79% of the total (given by the formula 1079.14 / 12268.27 x 100). 18.49% of every repayment I made was for the PPI part of loan 5. 18.49% of a repayment of £257.35 = £47.58 8.79% of every repayment I made was for
  7. Loan 5: 01-May-2005 - 01-Jun-2005 Amount of loan £10,000.00 Amount of PPI £ 2,268.27 Interest on loan (charge for credit) £ 2,594.50 Interest on PPI (charge for credit) £ 586.36 APR 9.9% Months 60 Monthly payment x1@ £47.40, x59@ £47.44 Payments made 2 of 60 Dates 01-May-2005 - 01-Jun-2005 Unknown - Early repayment refund expected £ 2,711.51 Early repayment refund received
  8. Right, so I think: My fourth loan was for £10500 plus the PPI of £2381.68 making a total loan of £12881.68. The PPI part of loan 4 is 18.49% of the total (given by the formula 2381.68 / 12881.68 x 100). The PPI left over from loans 1-3 = (loans 1&2 £295.55 – £68.20 (11 payments of £6.20)) + £436.43 (remainder of loan 3) = £663.78 The PPI part of loans 1-3 is 5.15% of the total (given by the formula 663.78 / 12881.68 x 100). 18.49% of every repayment I made was for the PPI part of loan 4. 18.49% of a repayment of £270.37 = £49.99 5.15% of every repayment I made was for
  9. Loan 4: ELPPLN03827861 Amount of loan £10,500.00 Amount of PPI £ 2,381.68 Interest on loan (charge for credit) £ 2,724.23 Interest on PPI (charge for credit) £ 617.49 APR 9.9% Months 60 Monthly payment x1@ £49.85, x59@ £49.96 Payments made 21 of 60 Dates 01-Jul-2003 - 01-Mar-2005 Unknown - Early repayment refund expected £49.96 Early repayment refund received £49.96
  10. But have by then made x11 payments of £6.20. So £436.43 + (£295.55 - (£6.20 x 11)) = £663.78?
  11. Loan 3: Early repayment refund expected £1,792.09 Early repayment refund received £1,355.66 - so a difference of £436.43
  12. The £44.08 was only the payment against the PPI part of the loan wasn't it? Yes What was the total monthly repayment on loan 3? £253.99
  13. My third loan was for £10000 plus the PPI of £2109.58 making a total loan of £12109.58. The PPI part of loan 3 is 17.42% of the total (given by the formula 2109.58 / 12109.58 x 100). The PPI part of loans 1&2 is 2.44% of the total (given by the formula 295.55 / 12109.58 x 100). 17.42% of every repayment I made was for the PPI part of loan 3. 17.42% of a repayment of £44.08 = £7.68 2.44% of every repayment I made was for the PPI part of loans 1&2. 2.44% of a repayment of £44.08 = £1.07 I think I'm with you so far. But how do I represent this on the spreadsheet
  14. Loan 3: Jun 02 - May 03 Amount of loan £10,000.00 Amount of PPI £ 2,109.58 Interest on loan (charge for credit) £ 2,594.50 Interest on PPI (charge for credit) £ 544.85 APR 9.9% Months 60 Monthly payment x1@ £44.13, x59@ £44.08 Payments made 11 of 60 Dates 30-Jun-2002 - 08-May-2003 Unknown - Early repayment refund expected £1,792.09 Early repayment refund received -£1,355.66 PPI claimed £921.36 Interest claimed £818.76
  15. OK, I've applied that formula to all five loans now, and I'm pretty sure that it's all correct now. There's just the next stage of the process to get to grips with, with the multiple PPI policies thing...! I'd be grateful for any pointers you can give :o) Thanks again for your help.
  16. So my second loan was for £2000 plus the PPI of £257.95 making a total loan of £2257.95. The PPI part of the loan is 11.42% of the total (given by the formula 257.95 / 2257.95 x 100). That means that 11.42% of every repayment I made was for the PPI part of the loan. Now, according to my HSBC records, each repayment would have been £142.05 over 18 months. However, I didn't actually make any repayments, as the loan itself was rolled over into another one 6-7 weeks later. But: 11.42% of £142.05 is £16.22 so each month I would have been paying £16.22 to the PPI part of the loan.
  17. You're an absolute wonder. I think I finally get it now! Loan 1: according to the HSBC records I have - £0 refund. According to the spreadsheet you sent me, after 9 months I should have had £37.60. Loan 2: let's see if I can work it out...!
  18. £148.85 per month, but including loan plus interest, and pip plus interest, I don't have a breakdown of the component parts unfortunately.
  19. Thanks very much for any help or advice you can give! If you can point me in the right direction hopefully I can take it from there. Again, a really big thank you - I really appreciate it :o)
  20. Actually, I actually know more than I thought I did. It's just for the oldest ones I am missing information, so it's difficult to make a start on it. I have asked HSBC again for that information so hopefully will hear soon...
  21. NB: No amount of PPI refunded when cancelled early.
  22. Loan 2: Apr-May 2002 Amount of loan £2,000 Amount of PPI £257.95 Interest on loan ? Interest on PPI ? APR 17.9% Months 18 Payments made 0 of 18 Dates 23-Apr-2002 - 31-May-2002 Unknown Interest on loan, interest on PPI
  23. NB: No amount of PPI refunded when cancelled early.
  24. OK. I am sorry about the mini-meltdown there, trawling through all this after a 12 hour day at work isn't the best. Thanks for your patience! I have decided to start again with the brass tacks! Here what I know: Loan 1: July 01 - April 02 Amount of loan £1,500 Amount of PPI £141.81 Interest on loan ? Interest on PPI ? APR 17.3% Months 12 Payments made 9 of 12 Dates 01-Aug-2001 - 01-Apr-2002 Unknown Interest on loan, interest on PPI
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