LCR claim form arrived old monument 'debt'

[57alan0]

The ppi refund they have suggested exceeds the alleged debt but does not cover interest or court cost that have been applied in the claim.

Edited January 27, 2015 by 57alan0
added word alleged

[dx100uk]

they've suggested?

 

 

does this PPI refund include int at their rate?

 

 

dx

[57alan0]

In the letter headed final response they say that without admission of liability they are prepared to repay the fees at compound interest at today's rate + 8% statutary compensation. They will arrange for a cheque to be sent within 28 days if there is a credit balance.

[dx100uk]

yes but can they add up

and do you know they are correct.

 

 

and also don't forget they cant offset the 8% unless you tell them so

 

 

dx

[57alan0]

I'm sure I have seen an interest calculator somewhere on the site - I'll have a go.

 

Just one other thing, in the t&cs for the offer it states - there will be no refund if

 

• the customer never enrolled in the product - pretty obvious really
  
• any court order placed on the account - would the claim form count as a court order or would this be post judgment?
  

Edited January 28, 2015 by 57alan0
spelling

[dx100uk]

I take it you mean spreadsheet?

 

 

you'd need to enter every payment of PBP and its amount and date

 

 

do you have that info?

 

 

dx

[57alan0]

yes they have provided the ppi payments and dates. I have found the compound interest calculator and once I've run for every payment I have to enter each result again with the 8% simple interest calculator - could be here some time.

 

What do you think of the t&cs?

[dx100uk]

no you don't have to do that method.

 

 

do you know the date they stop charging their interest?

 

 

use that as the claim to date in the CISHEET

 

 

then put the total that sheet gives you

as one lump sum into the statint sheet on the day after they stopped their int

 

 

that gives a good indicator.

 

 

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

[57alan0]

Thanks dx,

the figures are about right and

 

 

just to make sure I was doing it correctly I have followed another example on this site.

 

 

I guess I'll have to wait and see if I get a response as Wednesday is the 28th day

 

 

- the letter did not say I had to do anything.

[57alan0]

Update - I have received a cheque today for £3 and a few pence from CCUK Finance. No letter of explanation just a Monument compliment slip - I guess this means end of?

[Dotty50]

It's a pity it hasn't got a few zero's added!

 

How much PBP were you trying to re-claim?

[57alan0]

Just over 4k, it seems they have pulled the debt back from jc acquisitions and given me the difference.

[dx100uk]

then the debts gone

 

 

chew on that LCR.!!

 

 

dx