How far back can i claim

[dj1971]

Shriel.

 

As you already have the original credit agreement, then yes you sure can go claim your money back.

 

Just as a point of fact, they cannot refuse to supply information as a result of SAR just because the account is closed.

 

Just remove all your personal information, name, address etc and post the agreement up for us to have a look. Will see if I can work out how much you should be claiming.

 

DJ

[dj1971]

Couple of questions before I check how much you may be owed.

 

1) date of first repayment

 

2) Did this loan run for the full term ie 60 months?

 

DJ

[dj1971]

Ok Shriel,

 

The amount you should be claiming back is:

 

Total PPI: £1,800.38

Compound Interest: £1,179.83

8% on monthly premiums: £1,748.08

8% on difference from date of loan closure: £1,155.50

 

Total claim = £5,883.79

 

Couple of points to note Shirel:

 

1) The 8% statutory interest on monthly premiums is paid from date of each repayment, until date of settlement. Now as we cannot know the date of settlement at this stage, I have used 1st September 2010.

2) The 8% on difference is total cost of PPI + compound interest. Ie the difference between what you actually paid and what you would have paid had the PPI not been added.

 

What are your reasons for claiming mis-sold?

 

DJ

[dj1971]

Ok,

 

So get your initial letter sent off to HFC outlining the reasons you believe you were mis-sold and include a copy of the calculations I have done for you.

 

They have 8 weeks in which to investigate your complaint and either reject it, or refund your claim in full.

 

If they reject, or do not respond within the statutory 8 weeks, you can then refer to the FOS or take them to court.

 

Get your letter sent off Shriel and get your money back.

 

Good luck

 

DJ