consolidated barclays debts from 1999, been paying £50PCM , missed 2, now CSL/P2P calling

[sdizzy]

tx 4 that..appreciated

[slick132]

Hi SD,

 

I've had a quick look through the data in post #23 above.

 

I can't spot any penalty charges penalty charges.

 

There are 2 possible PPI amounts - 1,247.63 on 7/5/98 and 4,253.94 on 14/10/99.

 

Does this make any sense to you ?

 

If this was a Barclayloan with fixed repayments, I wonder whether they did, in fact, make any penalty charges. Were you aware of penalties being added at the time ?

 

Could you go into a local branch and ask them to identify penalty charges and PPI amounts from the printouts.

 

[sdizzy]

Sorry, I was not aware of any charges at all.These amounts do not make sense to as it was so long ago.I will go into my branch tomorrow an dask for verification of these amounts.Thx

[slick132]

That's probably your best option but insist on getting proper answers and don't let them fob you off.

 

[sdizzy]

Quick update:

 

Went to local Barclays branch and made online complaint to be sent to their PPI team.

 

They should respond within 5 days with a claim form.

 

Only issue could be with this form, which has been recently revised to 8 sides instead of 2, according to bank manager, but he did say it was mostly repetitive in style.

 

Also, it's been incredibly quiet on the dca front.

I think they realise that I now know what they know about the account.

 

+ Also, I reckon I have paid ppi to rbs and birmingham midshires in the past.

 

Shoul I sar them as well ?

 

I still have all the original confirmation of account paperwork

 

.tx in advance

[Conniff]

If you think there is more than the £10 cost of an SAR to come back, then it is always worth sending it. There might also be other things to claim back you didn't think of or forgot about.

[sdizzy]

Tx. I will get them both off then.

[dx100uk]

Quick update: Went to local Barclays branch and made online complaint to be sent to their PPI team. They should respond within 5 days with a claim form. Only issue could be with this form, which has been recently revised to 8 sides instead of 2, according to bank manager, but he did say it was mostly repetitive in style. Also, it's been incredibly quiet on the dca front. I think they realise that I now know what they know about the account.+ Also, I reckon I have paid ppi to rbs and birmingham midshires in the past. Shoul I sar them as well ? I still have all the original confirmation of account paperwork.tx in advance

 

you dont need 'their' form

 

use the regulators industry wide recognised FOS CQ:

 

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

 

but do an SOC [spreadsheet too]

 

dx

[sdizzy]

ok, but what is a SOC ?

[slick132]

SoC = Schedule of Charges which, in your case, will be a PPI spreadsheet.

 

Did the branch staff give you any info to help you make sense of the data supplied.

 

[sdizzy]

No, just filled in an initial complaint e-form and got told to contact branch if any probs/queries.

Manager looked over sar info and put dates and amounts into form.

[slick132]

Did you get a copy of the complaint e-form, so you can see what figures the Manager added for you.

 

[sdizzy]

No.

 

I watched the screen as he filled the e-form out and saw him put the correct amounts in and then submit the form.

 

I got a print out a standard apology template and he wrote the 2 policy amounts on the print out, including the dates they were taken out.

 

I will go down tomorrow and request a proper print out of the eform.

 

One other thing, as it is 2 amounts I am claiming for using the industry standard ppi claim form,

do I need to submit 2 forms, or put both policy/account numbers on same form ?

[slick132]

As they are for the same account, you can reclaim them on one form.

 

[sdizzy]

OK,

received 2 industry standard ppi claim forms in post yesterday, one for each account.

 

I will cross refer them as the first loan was consolidated into the second loan.

 

I have until 9/10 to return them,

with a decision to be made no later than 14/11.

 

Slick, you mentioned sending a PPI spreadsheet.

 

I take it this is just a list of dates and amount of ppi plus interest charged per date.

 

Can you be more specific, please ?

 

would sending this info indicate to them that I have sar data ?

 

would it make any difference to the claim ?

 

would it strengthen it in my favour ?

 

tx in advance

[dx100uk]

you need to read no.1. link below

 

and do the calc then fill out the spreadsheet [sOC]

 

This first spreadsheet is the latest version of the statutory interest calculator and is used for Single Premium PPI cases. It can also be used where rollover PPI is involved, i.e. a new loan re-financing a previous one and where PPI is included in one or more loans.

 

StatIntSheet v101.xls

 

 

....

 

as they were refinanbed

 

read the RED notes tab on the SOC.

 

dx

[sdizzy]

Think ive got it sussed using the statint ssheet.

Ok to post it up later on today ?

[dx100uk]

yes ofc ourse

 

just attach it to a msg

 

dx

[slick132]

Hi SD,

 

The advantage of doing your own PPI spready is you have a clear idea of what to expect from the bank. If they offer you significantly less than you expect, you can challenge them.

 

Also, if you send the bank a schedule of what you are reclaiming, they will know they're dealing with someone who knows something about what they are doing.

 

[sdizzy]

ok, i've checked out the link to ppi interest rate charges at link 1 and

 

i've checked my sar loan data and come up with

 

@ 7/5/98 -1247.63 ppi on loan of 5900 totaling 7147.63 => 17%

@14/10/99 - 4253.94 ppi on consolidated loan including above loan coming to 15000 totaling 19253.94 => 22%

can you please confirm this from my sar data posted earlier ?

I thought the refund was only set at simple 8% interest anyway ?

Edited September 27, 2012 by sdizzy

[dx100uk]

somethings not right here SD....

 

to work out PPI PCM:

 

total cost of PPI / total cost of loan * 100 = xx% [i make that 21.2% on the first loan not 17%]

 

work out xx% of your monthly PCM , that = PPI PCM.

 

fill in the statint SOC for every payment you ACTUALLY MADE

 

then do the same for the settlement figure , that carries over into loan 2.

 

dx

[sdizzy]

will check it again..

 

can you please show me how you got to that figure of 21.2%

Edited September 27, 2012 by sdizzy

[dx100uk]

using you figures here:

 

@ 7/5/98 -1247.63 ppi on loan of 5900 totaling 7147.63

 

but ofcourse i've just realised i used 5900 not 7147

so you are correct ...sorry.

 

brain ache!

 

dx

[sdizzy]

no problem..

.but they are still only compensating ppi + 8% anyway,

 

so my calculations using the spreadsheet are for both ppi amounts + 8% from 7/5/98 to 28/10/02,

this 4 year period being the period that interest was charged on.

[dx100uk]

PPI +8% is correct.

 

as long as the PPI PCM is calculated [thats includes the loan int]

and entered for every month you actually paid it

and then on the second loan the 'carry over'