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TINK660

Ppi Interest Question

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Hi

 

Am I right in thinking that if you claim mis-sold ppi on a credit card you can add interest at their contractual rate and if your claim is accepted by the FOS do they then add on 8% on top of that or is it one or the other.

 

Thanks

 

Tink


GE MONEY - DEBENHAMS CARD

Settled in full after prelim :)

 

MBNA

Settled after LBA

however mistake made by me on contractual interest so going after the rest now

SETTLED IN FULL JAN 2007:)

 

MINT

Offer after prelim rejected

Settled in full after LBA:)

 

to go:

Barclays Bus Ac - to mcol

Barclays CC - to mcol

Nat West (over 6 years) no action taken yet

Creation Financial - awaiting statements since Dec

Goldfish - offer after prelim rejected

and some more

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Hi

 

Am I right in thinking that if you claim mis-sold ppi on a credit card you can add interest at their contractual rate and if your claim is accepted by the FOS do they then add on 8% on top of that or is it one or the other.

 

Thanks

 

Tink

 

You got it in one tink but remember the credit card may have different levels of interest for purchases and cash withdrawals the cash bit normally attracts a higher level of interes see posts 10 to 38 on this thread.

 

alanalana v capital one

 

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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Hi

 

I have done the figures and this is what I come up with - could you have a look because I cant believe they can be right - if they are I feel a nice well earned holiday coming up!

 

date principle sum 17.9 compo s69 interest of 8%

interest

 

22/8/99 30.96 154.54 147.51

22/9/99 34.35 167.90 159.37

22/10/99 35.61 171.47 161.90

22/11/99 30.00 141.81 133.16

22/12/99 30.00 139.28 130.08

22/01/00 30.00 136.71 126.97

22/02/00 30.00 134.18 123.93

22/03/00 30.00 131.85 121.14

23/04/00 35.18 151.64 138.52

22/05/00 34.78 147.29 137.34

22/06/00 35.76 148.60 134.27

22/07/00 35.00 142.79 128.32

22/08/00 30.93 123.80 110.63

22/09/00 33.38 131.07 116.46

22/10/00 35.85 138.17 122.09

22/11/00 36.22 136.92 120.30

22/12/00 36.26 134.53 117.54

22/01/01 36.96 134.49 116.83

22/02/01 36.89 131.63 113.69

22/03/01 36.06 126.41 108.69

 

I cant believe what a difference compounded interest makes!

I hope this is right - I know Pompeyfaith is a whizz at interest so if you are about please take a look and comment. After the last date the ppi was cancelled at my request.

 

Look foward to any replies

 

Tink


GE MONEY - DEBENHAMS CARD

Settled in full after prelim :)

 

MBNA

Settled after LBA

however mistake made by me on contractual interest so going after the rest now

SETTLED IN FULL JAN 2007:)

 

MINT

Offer after prelim rejected

Settled in full after LBA:)

 

to go:

Barclays Bus Ac - to mcol

Barclays CC - to mcol

Nat West (over 6 years) no action taken yet

Creation Financial - awaiting statements since Dec

Goldfish - offer after prelim rejected

and some more

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Sorry its pushed all the figures over but I hope you get my drift

 

22/9/99 princ fig 30.96 + Com int at 17.9% (their apr) = 154.54 + s69 int at 8% = 147.51 - total = £333.01

 

Thanks


GE MONEY - DEBENHAMS CARD

Settled in full after prelim :)

 

MBNA

Settled after LBA

however mistake made by me on contractual interest so going after the rest now

SETTLED IN FULL JAN 2007:)

 

MINT

Offer after prelim rejected

Settled in full after LBA:)

 

to go:

Barclays Bus Ac - to mcol

Barclays CC - to mcol

Nat West (over 6 years) no action taken yet

Creation Financial - awaiting statements since Dec

Goldfish - offer after prelim rejected

and some more

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Hi

 

I have done the figures and this is what I come up with - could you have a look because I cant believe they can be right - if they are I feel a nice well earned holiday coming up!

 

date principle sum 17.9 compo s69 interest of 8%

interest

 

22/8/99 30.96 154.54 147.51

22/9/99 34.35 167.90 159.37

22/10/99 35.61 171.47 161.90

22/11/99 30.00 141.81 133.16

22/12/99 30.00 139.28 130.08

22/01/00 30.00 136.71 126.97

22/02/00 30.00 134.18 123.93

22/03/00 30.00 131.85 121.14

23/04/00 35.18 151.64 138.52

22/05/00 34.78 147.29 137.34

22/06/00 35.76 148.60 134.27

22/07/00 35.00 142.79 128.32

22/08/00 30.93 123.80 110.63

22/09/00 33.38 131.07 116.46

22/10/00 35.85 138.17 122.09

22/11/00 36.22 136.92 120.30

22/12/00 36.26 134.53 117.54

22/01/01 36.96 134.49 116.83

22/02/01 36.89 131.63 113.69

22/03/01 36.06 126.41 108.69

 

I cant believe what a difference compounded interest makes!

I hope this is right - I know Pompeyfaith is a whizz at interest so if you are about please take a look and comment. After the last date the ppi was cancelled at my request.

 

Look foward to any replies

 

Tink

 

Tink best to PM Pompeyfaith on this one IMO just to be sure.

 

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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Im here Im here hehe

 

Now lets have a look although have a quick glance it looks fine to me.

 

And yes compound interest does make a very big difference and a big dent in there profits lol

 

I will check those just to be certain.

 

Hold fire

 

PF


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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Tink,

 

What compound calculator are you using because my figures on the top one is coming out at more than you.

 

PF


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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Tink,

 

What compound calculator are you using because my figures on the top one is coming out at more than you.

 

PF

 

You should get this magic calculator of yours to the patent office :D

 

It is better than the lottery machine at producing winning sums.

 

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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Thanks Alanalana and Pompeyfaith

 

Pompeyfaith I am using the same calculators as you mentioned in Alanalanas Capital One thread the Compound interest calculator and

Blake Lapthorn - simple interest calculator - is it all the figures that are not the same as yours or just the top one? Thanks for taking the time to do the calculations - it is rather time consuming isnt it, but enjoyably time consuming when you see it adding up. With a few others to do like this I have quite a big smile on my face at the moment!

 

A nice holiday coming up soon I think - but actually getting them to pay is the hardest part I know.

 

Thanks again

 

Tink


GE MONEY - DEBENHAMS CARD

Settled in full after prelim :)

 

MBNA

Settled after LBA

however mistake made by me on contractual interest so going after the rest now

SETTLED IN FULL JAN 2007:)

 

MINT

Offer after prelim rejected

Settled in full after LBA:)

 

to go:

Barclays Bus Ac - to mcol

Barclays CC - to mcol

Nat West (over 6 years) no action taken yet

Creation Financial - awaiting statements since Dec

Goldfish - offer after prelim rejected

and some more

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hiya tink i have only done the first line so far but i will do the lot this evening and post the result here did u compound monthly or yearly ? PF


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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i have an ongoing claim with the co-op bank ppi on 9 loans totaling jurt over £31,000 cant wait to get that sorted as it will clear all my debts get me a nearly new car and yes a good holiday


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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£31000!!!!!!! Wow - hope you get it soon!:smile:

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Wow £31,000 thats a nice amount

 

I compounded the interest monthly and ticked the 360 days in a year box.

 

Was this right.

 

Thanks

 

Tink


GE MONEY - DEBENHAMS CARD

Settled in full after prelim :)

 

MBNA

Settled after LBA

however mistake made by me on contractual interest so going after the rest now

SETTLED IN FULL JAN 2007:)

 

MINT

Offer after prelim rejected

Settled in full after LBA:)

 

to go:

Barclays Bus Ac - to mcol

Barclays CC - to mcol

Nat West (over 6 years) no action taken yet

Creation Financial - awaiting statements since Dec

Goldfish - offer after prelim rejected

and some more

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compound monthly yes as 4 360 days between payments u will need to check the payment due dates on a few of your statements or your t&c will give this alro


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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hard slog my claim been a battle 4 a yr so far but i aint giving up i have a solicitor ready to take over if i do not get a result from the FOS


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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You should get this magic calculator of yours to the patent office :D

 

It is better than the lottery machine at producing winning sums.

 

aa

 

:-D:-D:-D:-D:-D

 

GOOD LUCK WITH THE COOP PF:wink:


 

 

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Thank You Gary


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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Good evening. I have just received my original mbna business agreement. It states I wanted ppi on the credit agreement, though on my statements all it states is charges for interest retail, interest cash and interest cheques. It clearly states that I agreed to ppi @ 72p per £100 balance spent. Doesn't MBNA business state insurance or ppi on their statements?

The credit agreement started from 19 June 2006. I noted from their default charges they stopped charging £20 per default up until May 2007, but then cut it down to £12. If I have just under four years of charges at £20 and £12 a month, am I still able to claim this back?

 

Thanks very much for your help in advanced.

Best wishes

David

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Hiya Exoticplants,

 

Yes indeed get your claim in credit card charges are not subject to the OFT Court case like bank charges are.

 

And if they try to fob you off saying they are its a load of bull.

 

As you PPI i would say yes it should be on your statements as its a charge to you so should be on there.

 

So challenge this too.

 

Regards

 

PF


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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Hi Pf

 

Did you manage to have a look and see if my figures are correct as you said in an earlier thread that you made the top figure different to mine

 

Thanks

 

Tink


GE MONEY - DEBENHAMS CARD

Settled in full after prelim :)

 

MBNA

Settled after LBA

however mistake made by me on contractual interest so going after the rest now

SETTLED IN FULL JAN 2007:)

 

MINT

Offer after prelim rejected

Settled in full after LBA:)

 

to go:

Barclays Bus Ac - to mcol

Barclays CC - to mcol

Nat West (over 6 years) no action taken yet

Creation Financial - awaiting statements since Dec

Goldfish - offer after prelim rejected

and some more

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Thanks very much for your message. Does mbna show ppi charges on your statements? It seems odd mine only show interest charges, unless they're calling ppi some sort or interest??

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tink i will do yours today sorry i have been busy helping others i have not forgotten though


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

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exotic yes ppi is listed on mbna statements


If I have been of help to you please feel free to click my scales to the left Thanks.:)

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

 

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 

CARTER V Co-Op

BANK CHARGES

REFUNDED £3567

 

POMPEYFAITH V Co-Op PPI

OFFER MADE BUT REFUSED

ONGOING AND STILL ONGOING

NOW WITH THE OMBUDSMAN

 

R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

 

Share this post


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Thanks pf

 

Tink


GE MONEY - DEBENHAMS CARD

Settled in full after prelim :)

 

MBNA

Settled after LBA

however mistake made by me on contractual interest so going after the rest now

SETTLED IN FULL JAN 2007:)

 

MINT

Offer after prelim rejected

Settled in full after LBA:)

 

to go:

Barclays Bus Ac - to mcol

Barclays CC - to mcol

Nat West (over 6 years) no action taken yet

Creation Financial - awaiting statements since Dec

Goldfish - offer after prelim rejected

and some more

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