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    • 1. who knows... 2. not the whole A/C vanishes from your file on the DN's 6th b'day ...already carefully explain this. 3.yes 4.already carefully explain this.
    • if i remember rightly, long ago in one of the first drafts of the old proposed gov't overhauls, there was a listing of recommended 'charges' that inc wrong reg = £20. some PPC's implemented such changes in advance. then later as it looked increasing likely the new code was never going to be implemented after it's 1st review and another set of codes was to be debated they all quietly revert back .......... dx
    • Potentially it may not even get sold on? Just the default left for 6 years then gone? but if it is sold on ill get a letter from the DCA which is the notice of assignment? Sorry what is the different between a default notice and a default cal marker? yes, i may try and work arrangements out with the OCs after the breathing space but I'll see my circumstances then thank you again for all your help and patience, I really appreciate it and apologies If i am too fast or repeating myself.
    • receiving a default NOTICE (forget simple default cal markers) does not mean it will get sold on... OC's very very rarely do court themselves.  if it does you would receive a Notice of Assignment from the debt buyer/DCA.  as for reduced payment if it remains with the OC and they issue a DN, no harm in trying but lets get all your ducks inline first. dx  
    • okay thanks do you know how long it will take for it to get to the DCA or could the OC try and issue a CCJ? even though it's unlikely also for example would the OC agree to a reduction and a small payment over a super lengthy period of time if agreed? Rather than go through chasing apologies again for all the questions, just trying to understand all the possible scenarios.  
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Help With MBNA PPI


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I am now at the stage where i am ready to start my claim for ppi with MBNA.

I am a little confused having read here several conflicting accounts of how to go about working out the amounts.

 

So firstly its a credit card from 2003

I am self employed

It has PPI on it having already gone down the road of obtaining my account information from MBNA.

 

I am not sure which to use but from what i read if i want to claim for compound interest and willing to peruse it is should use CISheet v101.xls.

 

Now i have looked all over the old credit card statements and i can not see any reference to the interest rate charged.

But i do see a reference to a Mthly Int Rates .... 1.8735 %

 

Can anybody work out what the APR would be to add to the spread sheet.

 

If anybody can assist it would be great as im a complete no brainer when it comes to this sort of thing lol

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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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OK thanks for the link.

I took a brief look but will look more deep later tonight.

But i guessing not much point trying to work out claim till something is sorted.

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  • 3 months later...

Just out of interest as no reply ... if i should hold tight in claiming back ppi or if i should carry on regardless.

I know there is some confusion regarding MBNA and the way the calculate but i am wanting to go for compound interest route.

Should i wait a little longer ??? Anybody

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no idea ask on that thread

all the experts are there

 

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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they are a little group that are excellent at MBNA stuff

 

far better you seek their expert advise

 

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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Share on other sites

  • 1 month later...

Ok i dont know where i am and what i should do so i am going to start a new thread in the hope someone will guide me in the right direction.

 

Outline

MBNA credit card from 03 to 09 (default sold to Link)

I have what looks like i would say at least 95% of original statements and i also have information sent to me via SAR.

I wish to go down the compound interest route so first off i would appreciate which spread sheet is needed ... i have seen so man different versions i dont know which to use.

I know there is some sort of ongoing thing regarding MBNA calculations but i want to at least get the ball rolling and get started.

 

Please simple terms and if you could tell me the compound interest spreadsheet ....

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two threads merged

 

 

please keep to one thread

 

 

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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as detailed in the other thread linked already to you

ideally you should be using the running sheet

 

 

however

 

 

they are all here

 

 

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

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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Share on other sites

you use an avg

 

 

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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Share on other sites

ofcourse

 

 

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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Share on other sites

If someone would just take a peek for me and see if it looks right.

I noticed on the description given on the sheets of my transactions it says Posted Credit insurance fees but on the statements i have it says Payment Protection Cover

So i put the description as it says on the sheets provided in the SAR.[ATTACH]53578[/ATTACH]

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yes that's ok

but you'll have to set the claim to date to when the card either stopped

or they froze int

 

 

from that date

 

 

take the total of that spready and put it in statint sheet for that date

 

 

you are entitled to 8% once they stop their int

 

 

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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Share on other sites

  • 5 weeks later...

ok so i have changed the date to the date of the last charge of the account .... that being 25/03/2009 and that changes the value to £3761.08.

"take the total of that spready and put it in statint sheet for that date"( im assuming that's what this means )

I then takes that value and then x it by 8%

 

Do i then just post the spread sheet off or is there a standard letter i need to send or do i just fill out the questionnaire mentioned

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pop it in the statint sheet

 

 

on date 26/3/2009

 

 

you do a short covering letter

 

 

that

the spreadies

the FOS CQ

 

 

all go to MBNA

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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  • 2 months later...

no diff sheet [looks the same - diff calc]

 

 

you are entitled to compounded interest at their rate whilst they charged it

 

 

when they stop their interest

 

 

you are entitled to simple 8% statutory interest on that whole claim total till the day they settle the claim

 

 

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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Thanks for that ....

 

Just out of interest can you advise on a problem i have.

 

The debt above has been sold to Link and they obtained a ccj .

.. so to cut a very long story short i was ordered to pay £10 per week.

 

I started paying this regular to the caerphilly office but they complained i was sending it to the wrong office.

 

I told them i was sending as per request of CCJ and if they wanted me to send another office to send a letter requesting and they did.

 

So for some time i have been sending to the embankment office by sign for £10 PO every month .

.. but have noticed November December & January payments have not arrived ..

.. all the post office say is send a form to chase it.

 

Should i start paying again to the caerphilly office ......

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