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Pisces01

Much needed help to reclaim PPI

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Amount of Loan: £8,000.00

Add: £4,463.80 interestlink3.gif (APR 20 8%)

Total Sum Payable: £12,463.80

Total sum payable to be paid by 60 monthly instalments of £207.73

on the 04 day of each month commencing on the 04 day of April 2003

Optional Credit

Protection Insurance Cash Price (including VAT)

Life (J) £836.54 Decreasing term Life Assurancelink3.gif - Joint

ASU (Y) £1,294.27 Accident, Sickness and Unemployment

Total Cash Price £2,130.81 Amount of insurance loan

Add £1,188.99 Interest (APR 20 8%)

Total Sum Payable £3,319.80

Total Sum Payable to be paid by 60 monthly instalments of £55.33

on the 04 day of each month commencing on the 04 day of April 2003

 

I paid this loan off in full on 9th September 2004, full amount paid back = £7,841.91

 

Could someone please help to work out what is due to come back to me from HFC.

 

Thanks


Pisces

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Sorry, forgot to ask if I could also claim back the late payment fees on the account, they were £15.00 a time?

 

Also, would I be entitled to add the 8% interestlink3.gif up to todays date, or until the money is refunded back to me?

 

Sorry for all the questions, this is all new to me, I've just been told - "don't forget to claim the interest on the amount settled too".

How do I work that out? Such a lot to remember.

 

Apolologies for posting here also, but nobody was available to answer my thread in the HFC Section.


Pisces

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I don't think I had a rebate either, I have all the papers, cca etc, no mention of any rebate, just late payment fees and £7,841.91 which is what I paid to settle the debt.

 

Thanks to anyone willing to help.


Pisces

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urm..

 

something def not right here.

almost 50% extra ontop of your loan for just £8k.

 

yes you can reclaim ALL insurance +8% stat from the date of the ppi element of each months payment to the date of your claim

you can do the same with charges too!

you need to also CAREFULLY consult the statements to see if they charged interest on the charges too

if they did , you can compound this at their rate + 8 stat from the date of the charge to the date of your claim.

 

see my threads in hfc forum

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Have they broken any APR rules or something? What would you advise on the large interest amount, can anything be done about that?

 

On the sheets I have which shows my payments, it states:

UDD Fee :Assess £15.00

Late Payment :Assess £15.00

Thats all thats on there along with my monthly payments.

 

Is there anyone here who could work out what I can claim back? It would be a great help to me.

 

Thank you.


Pisces

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scan your sheets/agreements

remove all pers info inc barcodes etc but leave all figures and dates.

goto one one of the many free online pdf converter websites

convert the image to pdf format.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

browse to your pdf file and upload it

hit close this windows at the bottom below upload it box

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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This is not very good, but I can make it out if I zoom in...

This PDF just contains info about:

UDD Fee :Assess £15.00

Late Payment :Assess £15.00

 

The print on the agreement is way too small, it's just a copy on a sheet of A4.

Image_6.pdf


Pisces

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Apparently, I should have had a rebate in the region of £800, but was never given this (This has only just come to light) I've only recently discovered this.

What would you advise next step to be? Would that be deemed unfair or wrong, that I wasn't informed about this, or should I just ignore that fact?


Pisces

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Ah, I don't know what compound means, thats why I have requested somebody do this for me.

I just know I would do it wrong and come up with the wrong amount.

Thank you.

Edited by Pisces01

Pisces

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Pisces,

 

Do you have a copy of your loan statement for this a/c? If so, please attach.

 

DJ

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try scanning at 600dpi

 

we need then

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Hi

I have taken about 20 pics and this is the only clear one, but missing figures, so the figures are as follows:

 

Amount of Loan £8,000.00

Add £4,463.80 Interest (APR 20 8%)

Total sum payable £12,463.80

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

Life (J) £836.54

ASU (Y) £1,294.27

Total Cash Price £2,130.81

Add £1,188.99

Total sum payable £3,319.80

Doc1.pdf

Doc3.pdf

Doc2.pdf

Edited by Pisces01

Pisces

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Would I be right in charging 8% stat interest from 2003 up to the date I made my claim - August 2010?

This is the information somebody gave me who was successful in their claims, as they said I was deprived of the monies, I could claim it back, up to date of claim.

Can anyone shed some light on this for me please.


Pisces

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Just noticed you said the same thing in your reply above dx. lol

So am I right i.e. the interest on PPI of = £55.33, up to now .


Pisces

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Can anyone work out the amount I should be claiming back please, I could do with a little help.

 

Thanks


Pisces

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Hope you can see this, don't understand it!

On statement, it says 2nd and 3rd rows down:

Rebate Paid CR = £836.54 and

Rebate Paid CR = £1,294.27 on 8/03/03

 

I only signed for the loan in March 03, didn't start payments til 4th April 03.

 

Do you think that is a bit odd, I've just had a letter offering to pay me £800.00 something, cos I had no rebate when I settled the loan in September 04. That is weird.

 

It also shows:

UDD fee = £15, whatever that means, and

Late Fee = £15

 

Can I claim for these fees too?

Statement.pdf


Pisces

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come on.

get some decent pictures

 

help us to help you.

 

the ppi will be 55.33 + 8% stat for every payment you ACTUALLY made from that date [each month] to the date of your claim.

 

then add up the payments made {minus the 8%)

and take that away from the PPI total of the loan [cash price]

 

that then get removed from the loan total, giving you whats outstanding on the loan today.

 

pm DJ1971

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Hi Pisces

 

sorry but we cannot make the statements out. They are very unclear.

 

Yes you can reclaim the late payment fees, returned direct debit fees etc.


Any advice given by me is based solely on my experience in claiming, my experience in CAG or my opinion. I have no legal background. I want to encourage others to reclaim what is theirs.

 

Got a DCA breaking OFT guidance. Complain to the OFT about the DCA. Help put an end to these practices-

 

http://www.consumeractiongroup.co.uk/forum/letter-templates/155095-complain-oft-about-unfair.html#post1652270

 

Register with CAG today, its free, its a great community:

http://www.consumeractiongroup.co.uk/forum/register.php

 

kennythecelt@consumeractiongroup.co.uk.

 

 

 

Thankyou Kennythecelt:)

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OK, thank you both, will try and sort something out to get clearer pics ;)


Pisces

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Pisces,

 

As has been said before, we really need you to upload all of your loan statements before we can do the calculations for you.

 

DJ

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Ok, Thank you DJ.

 

Could somebody tell me this then, if I should have had a rebate paid to me in 2004, 'which I did not have', amount = £817.89, would I be entitled to charge 8% interest on that £817.89 for each month that I was deprived of that money to the date of claim?

 

That rebate was legally my money and they did not give it to me when they should have, I had no rebate!


Pisces

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nope it will be 8% from its date that you did not get it from.

not each month.

 

just use that calc i sent.

 

rests = 12

 

dx


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

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Calculator?


Pisces

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How do I work that out then dx?

8% from its date? Sorry, but I just don't get it! If they should have paid me that rebate in 2004, but they didn't, surely, it has accrued interest, but how the heck do I work that out.

Then I need to add the PPI to that figure plus 8% stat interest, plus the late payment fees, thenthe settlement figure and the interest on the settlement figure.

 

I would say that is a fair amount.

Somehow I need to crunch the figures, this is my problem.

Edited by Pisces01

Pisces

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Is this what you mean?

Take a look how I have done this, would you say it was correct?

 

The 20.8% is the interest they were charging me in 2004, so I did the same for the rebate alone, that I should have had back and didn't.

Calculations.pdf


Pisces

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