PPI over 6 years

[scanner]

hi I have been giving myself a headache trawling through all the these threads looking for the right spread sheet and right templates.

 

I have already sent the SAR to cap1

and received the reply docs with the statement,

 

The problem I have is that they only sent statements going back to 2005

yet the card was opened in 2000,

 

now since it has been ruled that ppi is unlawful how do I go about claiming from 2000.

 

I did read somewhere that I should sort out the SAR documents before starting the actual claim or I could be left with a new claim.

is there as template letter to request for older statements

 

out of curiosity

 

can I take the monthly ppi £2.02 charged in 2005 and apply it to each month going back to 2000,

in indicating in the reclaim letter that "due to your failure to provide all the information on ppi payments dating back to the date the account was opened

I have applied the amount of £2.02 obtained from the earliest statement you have on record."

the wording could do with some work.

[dx100uk]

use an average of ALL your known PPI payment.

 

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

 

sheet 2 if you are prepared to goto court in restitution

 

sheet 4 via FOS route.

 

there are several CaP1 successes

 

look in the successes thread

 

dx

 

dx

[scanner]

I have sent in a claim for missold ppi to Capital One , dating back to 2002.

 

I filled in the spreadsheet FosCISheet. using 29% apr the amount totalled £1818.18.

 

Last week I received a letter offering me a settlement of £557.32 of which the 8% added will be taxed at 20% deducting 17.13.

 

is there a letter (sample ) I could use to deal with their reply.

 

I have about 6 days to reply to this letter before they consider it settled.

 

below is the part of their letter which contains the important bits

 

Dear sir/madam

Thank youfor your correspondence bla bla bla

 

Our investigation

I am sorryyou have had cause to complain – bla bla bla

 

The outcome

As a resultof my investigation I am upholding your complaint.

 

I have decided to refund thefull amount of PPI premiums and associated interest charged to your account.

 

The total redress payment is £557.32,

which is the total of £265.92 inpremiums,

associated interest of 222.84

and a further 8% interest of £85.69.

 

Wehave deducted basic rate income tax of 20% on the 8% interest element,

whichequated to £17.13, as we are obliged to do by HMRC.

 

If youraccount is in arrears or over its credit limit, any refund will be set offagainst the arrears or over limit amount to bring your account up to date.

 

The remainder if any will be sent to you by way of cheque.

[dx100uk]

post up your xls

 

dx

[scanner]

the date should be up until 04-04-2013

[ATTACH]44349[/ATTACH]

[dx100uk]

is the account still active or is it closed

[scanner]

still Active

[dx100uk]

and never been in credit?>

int still being charged?

sound unlike cap1 to try it on with the recent successes

 

dx

[scanner]

I Still keep up with payments, the credit limit is 1000 outstanding is about 450

[dx100uk]

seems very strange

 

ok time to pull them up then.

 

dx

[scanner]

I found the other half of the letter (page 2) it says that if I accept the offer then fill in the attached form and send back within 14 days. since the 14 days have passed, can I assume that I can send them another letter I have found one on the internet please let me know if it should be changed in any way before sending.

Thanks

 

Dear Sir/Madam,

AC/ No 1234567890

 

On 07-05 2013 I sent you a letter regarding the PPI policy I was sold by you, Capital One in conjunction with my application for a credit card.

I have since received your reply and note that you have offered me £557.32 as settlement.

I do not believe that this amount is sufficient to cover a refund of all premiums and subsequent interest on the payments that I have made towards this policy plus an addition of the 8% statutory interest to which I believe I would be awarded by a court. However, if you were to increase the settlement amount to £ 1818.18 that of which was originally claimed for in letter dated 04 April 2013 I would be willing to accept the offer and to close this matter.

If I do not receive a response from you within the next 14 days confirming that you are willing to increase your offer as requested I will be taking my complaint to the Financial Ombudsman.

Yours faithfully

 

_______________

[Old Cogger]

Ombudsman as has been reported non helpful in most cases and can take a year or more to comply with any final answer, which is usually the same agreement with Cap 1, they seem it seems to be going court route as they had a success it has been reported and chancing that will send people off the scene?

 

So unless you are serious about taking them to court, then plan ahead seriously which way to go

[scanner]

I think the court rout would be best as I have seen most people get as far as filing the papers with the court, at this point Cap1 tend to pay up. I just need to get the wording right so as not to further delay it by miswording the letter.