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hi to all,

could someone please help me,

 

i have ongoing ppi complaint and they told us over the phone that we need to have PPI as the loan was of big amount for secured loan

and they wouldnt release the loan if we don't take ppi and at present they are being investigated now.

 

the problem is if being successfull fingers crossed how would i know if i am getting the right refund,

 

i tried several formula from this site but going nowhere.

 

i followed IMS21 formula but getting differnt amount and i cant find that thread now.

 

cash loan :22000

 

ppi :6380

 

APR (variable) 12.9%

 

int rate per annum 12.23%

 

monthly payment 434.58 variable for 108 months started 11/5/2006

 

thanks in advance for the help

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total cash price PPI / total cash price loan * 100 = %

6380/22000*100=29%

% of PCM = PPI PCM

29% of £434.58[PCM]= £126.03 PCM

fill in below for EVERY MONTH you made a payment.

 

StatIntSheet v101.xls

 

so from the

FIRST payment date [11/5/06]

enter date/reason/amount for every monthly [PCM] PPI payment ever made

 

dx

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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It says on award calculation £1816.26 after i've filled in the relevant field upto this month.

ppi premium £6380

charge for credit £4170.52 for 108 months

the loan is still running and we have 3 more years to pay

how much refund approximately would we get so we wont rip off again?

many thanks again

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sorry?

 

use the calc i gave you

use the info from your agreement.

 

dx

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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i have changed my exp post above for you.

 

dx

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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can you scan up the agreement please

 

 

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

.

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 if

you have many images too rather than many single pdfs

.

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

.

.

dx

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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hi dx,

sorry dx it's too technical for me to download what you've ask me to do, i'm not that literate in computer.I've read some previous post here and this is the calculation that came up. i've done the calculation as a fixed APR eventhough our APR is variable and our monthly payment now is higher than below.

Agreement: Amount of credit for

Cash loan £ 22,000.00 PPI £6380.00

Duration (months) 108 108

monthly payment £336.89 £97.69

APR (variable) 12.9 % 12.9 %

total charge for cedit £ 14384.12 £4170.52

interest rate per annum 12.23 % 12.23%

Variable

Summary: total borrowed £28380

monthly payment £434.58

 

CAlculation

statin

Award calculation : monthly payment PPI £7033.68

8% simple nterest 1720.12

total £8753.80

 

loan analysis

on the 73rd month column D £301.69

column E £132.89

column F £12739.69

thank you again for your patience

Edited by winslet
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PPI is 22.48% of total loan.

 

In the spreadsheet that dx gave you just list the payments of £97.69 giving the date of payment, a description (i.e. PPI Payment) and the amount (£97.69).

 

If your repayments changed due to it being variable rate, just work out what 22.48% of the total monthly repayment was and enter that figure in the list.

 

Do that for every payment you actually made.

 

The spreadsheet will do the rest.

 

You don't need to enter anything to do with interest rates as that is already included in your monthly repayment.

 

ims

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

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:rockon::rockon:

 

 

dx

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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hi ims, i'm actually followed calculation from your previous post here. i've just put fixed payment as i do'nt have exact figures of payment but it is not less than £434.58 permonth so what i am trying to find is only rough estmate of rebate if successful and tthis what came up:

 

 

CAlculation

statin

Award calculation : monthly payment PPI £7033.68

8% simple nterest 1720.12

total £8753.80

 

loan analysis

on the 73rd month column D £301.69

column E £132.89

column F £12739.69

thank you again for your patience

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post up the spreadsheet

 

dx

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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post 9

 

convert it to pdf and attach it

 

dx

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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