Struggling to work out what Barclays might woe?

[jmc5571]

Hello, I'm sure my question has been dealt with, but haven't found exactly the same yet, so here goes.

 

I took out a £10k business loan with Barclays 26/04/05

60 month term. I don't know if this is single premium?

 

£305.70 per month repayment.

 

I made the first 9 monthly payments then settled the loan.

 

I paid £9644 in settling the outstanding loan.

 

None of the records I have show the interest rate I was paying and I don't know how to work out the PPI element.

Then presumably you add 8% on. Is this the same as with Bank Charges, ie. The date of each payment is relevant?

 

As it stands I've paid back £12,395.30 for a loan I only had for 9 months!

 

Any help would be much appreciated.

 

I have a prickly phone call to make tomorrow, as I've sent all my paperwork three times, twice signed for. The third time they have acknowledged receipt of. Prior to this they told me they had no records of the PPI and the loan.

 

Yet later were able to see it on their system, amazing!

 

Can anyone let me know if being in hardship helps speed the process up. Unfortunately I currently tick 9 of the 11 hardship criteria with the Financial Ombudsman

 

I am also chasing bank charges from four Barclays accounts!

[jmc5571]

Hello, I'm sure my question has been dealt with, but haven't found exactly the same yet, so here goes.

 

I took out a £10k business loan with Barclays 26/04/05

60 month term. I don't know if this is single premium?

 

£305.70 per month repayment.

 

I made the first 9 monthly payments then settled the loan.

 

I paid £9644 in settling the outstanding loan.

 

None of the records I have show the interest rate I was paying and I don't know how to work out the PPI element.

Then presumably you add 8% on. Is this the same as with Bank Charges, ie. The date of each payment is relevant?

 

As it stands I've paid back £12,395.30 for a loan I only had for 9 months!

 

Any help would be much appreciated.

 

I have a prickly phone call to make tomorrow, as I've sent all my paperwork three times, twice signed for. The third time they have acknowledged receipt of. Prior to this they told me they had no records of the PPI and the loan.

 

Yet later were able to see it on their system, amazing!

 

Can anyone let me know if being in hardship helps speed the process up. Unfortunately I currently tick 9 of the 11 hardship criteria with the Financial Ombudsman

 

I am also chasing bank charges from four Barclays accounts!

[dx100uk]

front loaded yes

 

you need to workout what % of your loan was PPI and apply % that to your PCM.

 

then use the SI SOC

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

got the agreement?

 

scan it up.

 

 

scan the required letters/agreements/sheets

as a picture[jpg] file

or convert them to .PDF

ENSURE:remove all pers info inc barcodes etc using paint program

but leave all figures and dates.

 

goto one of the many free online pdf converter websites

it would be better to upload a multipage pdf

than many single ones

or if you have PDF as an installed printer drive use that

or use word and save as pdf

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

NB:you can set where it goes in the post by hitting insert inline.

then hit reply button

dx

[jmc5571]

Hi dx, many thanks.

 

I can't find the paperwork with any breakdown of the monthly amount. I only know the payment from my statements.

[dx100uk]

have you the agreement??

 

dx

[jmc5571]

I have a 4pp Barclays Business Loan Insurance Policy Document with the Certificate No. Start Date, Term of Loan on.

A letter of application when I took the loan out.

A letter confirming that I terminated the loan on 23/11/06.

 

Just been doing a final check, that's it dx!

[dx100uk]

you workout the PCM PPI figure by:

 

total cash price of PPI / total cash price of loan * 100

 

that will gives you a % figure

 

then that % of your PCM is your PCM PPI

 

that goes into the SI SOC spreadsheet. for EVERY payment date you made inc the settlement figure %

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

fire of that SOC

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html

with the FOS CQ & a covering letter.

 

dx

[jmc5571]

Unbelievable!

 

Just found the agreement. Unfortunately haven't got a scanner.

 

Says:

 

Cash Loan Insurance Premium Loan

15.2% 14.6%

Loan £10000.00 £1322.41

Total Charge for Credit* £4605.08 £580.39

Total Amount Payable £14605.08 £1902.80

Monthly Repayments £270.46 £35.24 £305.70

No. of Repayments 54 54

Repayments begin 7 months after loan is drawn.

*£150 arrangement fee lol

[dx100uk]

use a digital camera or mobile phone

 

then follow the guide

 

dx

[jmc5571]

Lol, good point. I'll sort in the morning, best get some kip before the kiddies jump on me!

Thanks dx.