MKDP LLP, welcome loans - Taken £1.00 Postal Order as payment

[dx100uk]

no if its already statute barred.

 

you nor a judge can reset that date.

 

if the debt is still owned by the OC

then they can offset the PPI mind

 

if its sold on they cant

[dx100uk]

I Have using the template SB letter ��, looking at reclaiming the PPI now, I have the CI sheet already.

 

I know I've to input the date of payment and their interest rate.

Do I put the end date as today's date?

 

 

I've just tried it with the first PPI claim from 1999 and their interest rate was 112% pa,

the amount of PPI was £138.00 payable over 12months

and it came out with a 5 figure sum.

 

 

. Is that right??

 

Also what do you do when you have 2 PPI accounts that ran almost side by side

but we're both payed off with another loan that contained the larger PPI.

 

 

..Any help appreciated please

 

Hadituptohere

 

 

as the debts were a chain

 

 

select the right part of this

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?318646-PPI-Single-Premium-Your-questions-answered(1-Viewing)-nbsp

 

 

...as for the CISHEET...I take it this one is a credit card debt?

[dx100uk]

3 rolled loans section then

and the statint sheet

[dx100uk]

sadly no.

[dx100uk]

??really

 

 

PPI is usually a bulk sum in the first statement

 

 

can you scan it up in pdf

[dx100uk]

4*18=72 that's ok

 

 

you need to work out the PPI% of each payment

when it was made

enter each one on the spready

and work out the carryover if loan didn't get a rebate before refinancing into the next

[dx100uk]

complete agreement sheet please

that makes the agreement unenforceable

but too late now.

[dx100uk]

84.29/634.29*100=13.3%

 

 

so everytime you paid

on those dates 13.3% was PPI.

 

 

is that the only statement or was this one refinanced by the next?

 

 

dx

[dx100uk]

so they rebated

enter the figure from weds 22.12.99 as a minus number into your spready on that date.

click and delete the resultant int column figure

[dx100uk]

all on the one sheet mind

 

 

the loan 2 PPI is labelled as such

and the PPI rolled into loan 2 from ,loan1 is calculated as in the guide

and that is labelled as loan 1 PPI rolled to loan 2

[dx100uk]

Cool Done, and will continue with the rest of the loans..

What about the 4 payments after the transfer out?

 

 

THANKYOU for your help dx

 

Hadituptohere

 

 

any payments you made on the same loan do the same PPI% reclaim

[dx100uk]

Ill correct myself here.. if you pay weekly you receive 13 months payments in 12 months.

 

just struggling with this one, £329.31 payment p/m, £9160.31 total credit over 48 months PPI cost £2660.31 sorry again being thick

 

Hadituptohere

 

 

same calc as post 28

 

 

agreement?

[dx100uk]

So it's 329.31 monthly repayment divided by 9160.31 x 100 = 3:59%

nope too lower a % for PPI

[dx100uk]

interesting that agreement says it didn't settle any loan?

 

 

anyway..

 

 

cost of PPI/total cost of loan X100=PPI%

 

 

2660.31/9160.31*100=29%

 

 

so anything you paid on this loan 29% of it was PPI

[dx100uk]

urm what about the 35% interest dummy...

 

 

29% of 329.31 is...

[dx100uk]

oh and what other screwups have you made on calcs on the rolling sheet

[dx100uk]

Thats what ive just been looking at... made myself look really dumb going through the figures as we speak, doesnt help with my son in law playing medal of honour at full blast in the room beside me.

 

29% is 95.49

 

Ive thrown myself calculating the weekly payments made then switching to monthly.. no excuse I know

 

Hadituptohere

 

 

Should i be doing something about the 35% interest???

 

you use the PPI% figure

and keep it simple

 

no matter what you paid or when PPI% of it is PPI

no need to work out any monthly/weekly/settlement of previous loan

its all the same PPI%

 

and their int is already in the payments you made

so PPI% of any payment included their interest

[dx100uk]

simply look at the statements

where you see a payment

work out the PPI% of that payment

pop it in the spread on that date...simple

 

 

nothing more needed

[dx100uk]

so that was the CCa payment?

 

 

hows the PPI going?

[dx100uk]

most insurances of that time were Aviva [NU]

go read a few welcome threads regarding PPI of that era.

 

 

dx

[dx100uk]

dunno cant predict what the FSCS will do?

 

 

dx

[dx100uk]

hang on

the three loans were a refinance chain

 

 

so if one is judged to be refundable they all must be

they cant separate them

 

 

dx