First Direct old closed account

[lucksic]

Hi,

Starting a new thread to record my potential reclaim journey,

 

Had a bank account and CC and Personal Loan with FD which were amalgamated into one loan for repayment

with the help of CAB in approx. 2001 for a fixed monthly amount - finally paid off in 2012!

 

I have the majority of cc statements pre 2001 which have credit cover premiums on each month,

I also have several letters and agreements regarding the amalgamation and a heap of bank statements pre 2000,

and most of the statements during the amalgamation period 2001 to 2012.

 

I recently requested SAR with template letter from CAG to FD

and received a letter from the Data Security FD with the original open new account form dated 1997

and nothing else as they say the account was closed more than 6 years ago so no information is held, with return of fee !!!

 

At first I was dismayed regarding the lack of information supplied,

however in hindsight I now seem to be in a better position than FD regarding information on charges etc.

I am going through the rest of my archives to see if I can locate any further information, missing statements etc.

 

So my questions are is credit cover premium something which can be reclaimed?

 

if so how would I ascertain the amounts to reclaim due to gaps in statements,

I have three years worth with approx. 14 missing,

so far the credit cover premiums add up to nearly £180

 

Would I then be able to average out bank charges applied to account and details on ppi for PL (I've yet to find the PL agreement) ?

 

These accrued charges have obviously been added to the total debt which I have repaid over 10-12 years, so how do I deal with that part?

 

Sorry if I rambled, surrounded by paperwork and trying to make sense of it in my head as I dig around.

 

Thanks for any suggestions/clarification that may be forthcoming.

[dx100uk]

you wont be able to reclaim PENALTY fees outside of 6yrs anyhow. unless you want to do court !

 

as for the CCP, yes its PPI

and yes you can use an avg of those payments you know for the ones you dont.

 

dx

[dx100uk]

so the CC was rolled with other debts into the new loan?

 

if so you'll have rolover of PPI into the loan too

 

so even more will be owed.

 

did the loan have PPI or if within 6yrs any PENALTY fees applies

[lucksic]

you wont be able to reclaim PENALTY fees outside of 6yrs anyhow. unless you want to do court !

 

as for the CCP, yes its PPI

and yes you can use an avg of those payments you know for the ones you dont.

 

dx

Thanks dx, will keep digging, as I have a purpose now.

[lucksic]

so the CC was rolled with other debts into the new loan?

 

if so you'll have rolover of PPI into the loan too

 

so even more will be owed.

 

did the loan have PPI or if within 6yrs any PENALTY fees applies

 

 

have yet to locate the original agreement,

but as CAB was involved and I was and still am disabled,

I doubt that would have been a part of the negotiation,

 

however the original agreement was for a year and we had to submit financial statements each year for a few years,

so who knows if that changed..

 

.there may have been occasional penalty fees in the duration of repayments.

 

Am excavating paperwork as I type!

[lucksic]

Do I use the CIsheet v101 spread sheet aka compound interest Calculator to enter my CCP details into,

and if so where it says APR do I use the apr mentioned on the first statement?

In this case it's 19.5%?

[lucksic]

Do I use the CIsheet v101 spread sheet aka compound interest Calculator to enter my CCP details into,

and if so where it says APR do I use the apr mentioned on the first statement?

In this case it's 19.5%?

 

Anyone?

 

Ths is link to the spreadsheets I'm referring to although they are described well, I'm not sure which I shoul/could be using.

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011&p=3653267#post3653267

 

To update since digging through all archives.

 

had the credit card for 5 yrs I have majority of statements ,

those missin I can cross check with corresponding bank statements for amounts paid,

which give me minimum payment, so I can more or less avg what the CCP payments were.

 

The majority of the final year's statements are missing so I can use the last known balance on last statement

and the final amount which was amalgamated to cheque account and banking facilities removed,

have scan of letter, and this then produced an agreement this is also scanned,

to correspond with negotiation made by CAB of 25 per month repayment.

 

There is no ppi mentioned on the year agreement dated 2001 amount was approx 2,600

 

I recall filling in financial statements in subsequent years, and the repayment amount remained the same as I was on benefits. No agreements.

 

However I have another agreement dated 2008 ( would his be to cover their behinds after court rulings on ppi etc)

and this covered the whole remaining balance 2008 to 2012 setting out the last amount owed approx 950 .

Looking at this agreement it's the same a managed loan. (My son had one so recognise type of agreement, now)

 

Have yet to scan this, but can if anyone needs to see it.

 

Strange that FD data protection officer was unable to supply any SAR info except original application to open account dated 1996 as they said account closed over six yrs ago!

(Even though I had a repayment of 25 per month from 2001 to 2012!)

 

hopefully this put me in a better position having the info that I do?

Any help appreciated thanks

[dx100uk]

for the CC yes use the CISHEET

or the FOSCISHEET

their int rate

and use an avg figure for unknown months.

claim date should be set to the date the card was refinanced into the loan [closed the card account]

 

you then need the figure that was refinanced into the loan

 

and using the statint sheet

and no.1. below

workout the rollover of the PPI into the loan.

 

dx

[lucksic]

Hi dx, Thank you very much for your response.

re Credit card protection or CCP

Question follow.

 

1. Focusing on the CIsheet in d13 I put the claim date as the date on the refinance agreement but in the columns I put the actual date of charge from the statements?

 

I think filling in this part will keep me occupied for a while.

 

If I may, I will return for assistance on the next part if I can't figure it out.

 

Thanks again for swift assistance.

[dx100uk]

sure ask away

 

for the minute - just do the CC CCP payments for each month you know

 

D13 will be the date of the FIRST CPP payment

F13 date of refinance to the loan [closure date of CC]

D15 avg APR for the whole period of the card.

 

then find the avg CCP payment [the funny E symbol to right on col I

 

enter that figure for every month you do not have a statement for

between the above two dates

 

dx

[lucksic]

sure ask away

 

for the minute - just do the CC CCP payments for each month you know

 

D13 will be the date of the FIRST CPP payment

F13 date of refinance to the loan [closure date of CC]

D15 avg APR for the whole period of the card.

 

then find the avg CCP payment [the funny E symbol to right on col I

 

enter that figure for every month you do not have a statement for

between the above two dates

 

dx

 

Hi dx,

Can I just clarify,

when I get to doing the avg using "the funny E symbol",

I am selecting the first missing field in this case i27 and clicking the sum E and it adds a figure,

do I then use this same figure for any further amounts missing in row i?

Thank you for continued patience and help, will soon be onto stage two....and more questions no doubt.

L

[dx100uk]

i was try to teach you a cheats way of working out

the avg of the months you do know

after you have typred those in.

 

if you dont know excel then you'l have to do it manually.

 

or

 

http://www.homeandlearn.co.uk/excel2007/excel2007s5p1.html

 

dx

[lucksic]

Hi dx,

 

Sorted now thanks. I applied average figure to those missing months.

 

Have uploaded a pdf (no personal details) for you to look over, if you don't mind.?[ATTACH=CONFIG]41869[/ATTACH]

 

One question from 11/99 on spread sheet the card was maxed 1,900

CCP was 73p per £100 during that period

I know the last missing amounts are between (18 x 73) £13.14 would be no more than (21 x 73) £15.33 when the card was amalgamated to loan it was nearly 2200

 

So can I alter and use an average of these figures for those remaining months.?

 

Do I now do the rollover Statintsheet just using the dates from 1/02/2001 to today? and use the "total of charges" figure arrived at for on previous sheet?

 

Thanks

L

[dx100uk]

do what you think is correct

 

they will always check it out anyhow.

 

dx

[lucksic]

Posted off my claim today.

Will update this thread when I hear.

 

Thanks dx for help