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Hi All


need some advice as do not know or understand if it would be worth claiming, reasons below


I took out a loan in June 2004 for the sum of £3,200


Please see the 'agreement supplied by my CCA request:




Now as you can see the Insurance amount is £977


Now if you look at my Schedule of Arrears


Arrears 1

Arrears 2


So, I amnot too sure on the figures. I paid for 5 months of the loan until I was made redundant


A) 5x108=£540


Now the PPI was paid for 12 months (through me becoming unemployed)


So if I work out


B) 12x108=£1296


Now I believe I have paid for 29 months the sum of £35 to FCM


C) 29x35=£1046.14


Total a+b+c = £2882.14



This would appear to be exactely the amount paid to date. Now if I take this off the full loan amount of £6,523.80 leaves £3,641.66-. Exactely as it is in the schedule of arrears.


So, if I was to attempt to claim the arrears (although I did utilize the insurance) can the bank add on top of the loan the £1256 that the insurance has paid against the loan?


Is the agreement right is the APR 20.9% for both the loan and the PPI seperate as per the agreement? How do they get to a figure of the total loan @ £6,523.80? Or to the figure of £2,314.80?


If I could claim back the PPI (this will come with interest I take it) would this be worth it bearing in mind that the insurance has already paid back £1296

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  • 3 weeks later...

I am no financial expert but I would say if in doubt bang in a claim for mis sold PPI to the FOS link here....


our complaints procedure and how to complain


FOS to increase case fee to £500 | News | Money Marketing.


You should IMO be claiming £977 which is the single PPI premium plus you should receive 8% statutory interest from the start date of the loan which is not shown in your posts.


It appears the Insurance has been added as a single premium which is not allowed so IMO you should claim it back with the 8% statutory interest from start date until the settlement date.


Good luck



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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you should be replaced to a position where PPI never existed on the loan.


calculate 83.29x60=4997.40


then take away from that:


25.44 + 8% stat [PPI portion of your PCM] for every month that you actually paid.

from payment date [each month] to date of claim


[as they will obviously set-off]

[it matters not for the sake of reclaiming that you used the policy]


that will be the outcome of any restructuring of the loan




please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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