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can any one help I am looking for a simple calculator to work out how much I should put in my letter to the FSO. The companies in question have not got a leg to stand on as in all my claims Firstly I was not advised and secondly i am self employed, and loans in my partners name again she is a housewife.... I am confident I will get refunds I just want to make sure it is for correct amount..?????

 

On all it looks like the PPI was single premium added on to loan therefore interest been charged on the total, secondly can I claim for interest I would have received if that cash was in my bank account,,,, can anyone give me some direction much appreciated

Only direct action by the masses will work....

 

Look at all successes they have never come from negotiation!!!

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Hello fergal,

 

can any one help I am looking for a simple calculator to work out how much I should put in my letter to the FSO. The companies in question have not got a leg to stand on as in all my claims Firstly I was not advised and secondly i am self employed, and loans in my partners name again she is a housewife.... I am confident I will get refunds I just want to make sure it is for correct amount..?????

 

On all it looks like the PPI was single premium added on to loan therefore interest been charged on the total, secondly can I claim for interest I would have received if that cash was in my bank account,,,, can anyone give me some direction much appreciated

 

There are spreadsheets on the site for Excel but a recent find is...

New Square Chambers - Interest Calculator

 

and this one. Not tried by me yet called dual calc posted by BRW

 

here

 

Hope this helps you

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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Hello Fergal!

 

The DualCalc is Software by the Office of Fair Trading, a bit of a b*gger to figure out how to use it, but it seems OK once you get the hang of it.

 

Steven4064 has more details of this in his Interest Tutorial which is...(shoots off to try and find the link)...here it is:

 

Interest tutorial

 

DualCalc seems to be good for working out Settlement Figures, say, if one Loan was Paid off with another, and you need to check if the Pay-Off was fair and reasonable.

 

The bankers don't like giving back PPI, as it's about 96% Profit for them as far as I can tell. So, they seldom refund the PPI appropriately when one Loan with PPI is turned into another Loan with PPI.

 

It can also help to check APR on a Loan and much, much more that I have yet to understand.

 

But DualCalc, being OFT Software, is hard to argue with provided you use it correctly and are sure the Numbers you put in are correct and entered correctly. Double check the results, especially the ones that you already know but have let DualCalc work out for itself. Ask on here if not sure.

 

I'm pretty poop at Maths, it has to be said, so rely heavily on Spreadsheets and my trusty Calculator. DualCalc made my walnut hurt, but you may find numbers less bemusing than me.

 

I can look at a column of numbers and, well, they look like a column of numbers!

 

My Accountant can look at the same column of numbers, and he can see all sorts of funny things that make him chuckle and giggle. I just can't see it myself, they're just a bunch of numbers.

 

Cheers,

BRW

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  • 6 years later...

 

What's Best for You?

 

 

The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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