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HBOS PPI reclaim


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£3,844.15 + £343.59 = £4,187.74.

 

13.62% = £570.37 = PPI rolled into loan 2.

 

Work out £570.32 as a percentage of loan 2 and apply that to each payment made on loan 2. It gives you the amount being paid each month in loan 2 that actually relates to PPI from loan 1.

 

As said before, you just list all of this in one spreadsheet.

 

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£3,844.15 + £343.59 = £4,187.74.

 

13.62% = £570.37 = PPI rolled into loan 2.

 

Work out £570.32 as a percentage of loan 2 and apply that to each payment made on loan 2. It gives you the amount being paid each month in loan 2 that actually relates to PPI from loan 1.

 

As said before, you just list all of this in one spreadsheet.

 

Great...sorry I should have asked 'claim to date question at same time...sorry!!!

 

Well thats it...

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Good morning ims....this is the point where I am getting confused...I have done the first loan ppi...the critical point is the 'rollover' of ppi from loan 1 to loan 2...

 

Loan 2 is £10000

total charge for credit for cash loan £2336.60

insurance loan is £1877.56

total charges for credit for insurance loan is £438.44

total amount you pay for insurance loan is £2316

 

60 monthly repayments of £244.21

but settled early on 13.02.2004

 

BUT...how is the ppi rolled over from Loan 1

 

The total settlement figure on 05.03.2002 was £570.37...THIS IS MY MIND BLANK at this point...pls see spreadsheet if I so far correct

 

What is the formula for working out £570.37 as % of loan 2

 

I'm no good at this..sorry!!!

StatIntSheet v101-Halifax-PPI-Loan.xls

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£3,844.15 + £343.59 = £4,187.74.

 

13.62% = £570.37 = PPI rolled into loan 2.

 

Work out £570.32 as a percentage of loan 2 and apply that to each payment made on loan 2. It gives you the amount being paid each month in loan 2 that actually relates to PPI from loan 1.

 

As said before, you just list all of this in one spreadsheet.

 

 

Is this IN ADDITION to PPI being paid on loan 2 AS WELL

 

I am getting confused as to WHICH formulas to use and WHEN and to correctly apply on WHAT .:???:

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4.8% is the amount of PPI from loan 1 being paid through loan 2.

 

Loan 2 monthly repayment = £244.21.

 

4.8% of £244.21 = £11.72.

 

List the payments of £11.72 in the spreadsheet for however many monthly payments were made for loan 2.

 

Loan 2 ppi is 15.81% of the total loan (£1877.56 / £11877.56 x 100).

 

15.81% of £244.21 = £38.61

 

List the payments of £38.61 in the spreadsheet for however many monthly payments were made for loan 2.

 

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thats great of you ims...thanks...back to the drawing board...but i have it now as i went away and thought about it...i was thinking whther to also include the loan 2 ppi repayments but you have explained that ...

 

THANKS

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Good afternoon ....

 

Ims or dx100uk...I have completed the 2nd loan and the incorporation of the proportion of loan 1 ppi into Loan 2...BUT

 

HOW do I actually calculate the settlement figure (rollover).. into a proportion of ppi repayment to be paid alongside the Loan 3 ppi repayments ...I have calcualted the Loan 3 repayments that's no problem...

 

Loan 2 settlement figure is £8083.38

Loan 3 repayments are 366.34/mthly

Ins loan=3149.63

Tot Loan=18149.63

3149.63/18149.63x100=17.35%=£63.56 is proportion of ppi payment IN 366.34...

 

BUT how is £8083.38 expressed/calculated as rollover paymen to be paid alongside £63.56

 

Thanks greatly

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Same principles as before.

 

Loan 1 ppi in loan 2 is 4.8% of loan 2

Loan 2 ppi is 15.8% of loan 2

 

Loan 2 settlement is £8,083.38.

 

4.8% of £8,083.38 is £385.82

15.8% of £8,083.38 is £1,270.00

 

 

Loan 1 ppi being paid through loan 3 is £385.32 / £18,149.63 x 100 = 2.13% of loan 3

Loan 2 ppi being paid through loan 3 is £1,270.00 / £18.149.63 x 100 = 7.0% of loan 3

 

Monthly payment of loan 3 is £366.34

 

2.13% of £366.34 is £7.80

7.0% of £366.34 is £25.64

Edited by ims21

 

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I think I am losing the plot because I do not know from where the 4.8% is coming from in the first place

 

Posts 135, 137 and 141 above

 

..and also is my calculation wrong for monhtly proportion of ppi for 366.34 being £63.56..

 

That is correct

 

Answers in red

 

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It will take some time to understand this...but I am just cracking on with the figures and entering them into spreadsheet or I will be not making any progress just for wanting to understand what goes where...I must confess i still have no idea...but what the hell as long as correct figures go in correct cells in excel...i'll leave the method to you guys/gals

 

so in addition to £63.56 i must enter alongside that for every date payment was made the figures of 2.13% of £366.34 is £7.80

7.0% of £366.34 is £25.64....

 

I keep forgetting that loan ppi rollover keeps on being paid thru consolidation loans 2 AND 3...hence the 2 figures

 

 

Thnks for persistence..

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