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Tonychief

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Everything posted by Tonychief

  1. well I’ve got no choice at this moment in time than to keep my fingers crossed and hope for a reasonable refund. The policy appears to have been incorporated in all the excessive interest and charges they stated all throughout the term of the first loan. Very misleading now looking at it hindsight but to be honest I didn’t think I had PPI on any of these loans before making an enquiry. Many thanks again for your help and sorry to keep messaging. It’s just been quite frustrating getting any appropriate answer from them during the last 2 months from them that I thought why not ask others w
  2. Yeah so from end of things the first approximate 6 years should cover 15% stat interest. But I’m still curious to know from your experience why do they require an extension? Is it just because the calculation is more complicated than usual?
  3. 15% was the statutory interest rate prior to the 1st April 1993. A friend of mine got his PPI complaint upheld for a loan which started in 1992. The first year he received 15% followed by 8% for the remaining period. It became 8%. Im not sure but I don’t think it’s complicated, it’s just that they need to make manual calculations from the sounds of things. If the delay is because of the calculation and not something else then fine so be it. I find it promising even though the matter will take longer than usual.
  4. Thank you for the reply again. So based on what you’ve seen, and you’ve said you understand why they need more time, is it because they are still trying to work out the calculation? Also should I work out the calculation at 15% stat interest for the first 6 years?
  5. Please see attached. See what you think please. Thanks for all your replies so far by the way. statements .pdf
  6. Hi thanks for the response. I really appreciate your help. The first 1987 statement shows that it wasn’t paid off by another loan although I’m not to sure about that, I can’t really remember and it’s driving me mad. There was a second loan I took out in 1990 for £3k. Now this is where it gets interesting. In the 1987 statement, on 22/10/1993, it shows a write off of £4550 but I made payments of between £25-£40 and the balance looks to have been cleared on the 3rd May 2001. This is the statement showing PPI £1673.69 and the loan was cleared off owing nothing. Wha
  7. Hi all, Just a bit of a background, I called Blackhorse on the 23rd December 2018 to check whether I had any PPI on loans that I took out many years ago. The first and most relevant was taken out in 1987 as I recently found out from them. They found I had three within 87 and 91. They didn’t indicate or tell me whether or not there was PPI on any of my agreements and instead sent out a complaint form and explain to them why I was misold any of the policies attached to each loan. I had no paperwork at the time of calling. A week later I sent back the form and gave the reasons why
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