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Help Barclays old loan with ppi


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hi

 

took out a Barclays loan in 2000 for 3 years

the loan was 5600 and 899.98 added to the start of the loan

 

monthly repayment s was 225.36 for 36 months around 8460.

 

round about 1800 is interest for loan and ppi interest

 

but looking at statement they sent

they have added interest charged each month on top over the 36 monthly repayments

which then comes to around 9870.00

 

my loan was only 5600

loan was paid off

ppi over 36 months

 

how do I calculated my refund and can I claim this extra interest charged aswell added

 

they wont give me apr but its around 19 per cent id say as its 16 years ago

 

 

but half way through the statements from june 2002 until dec 2002 they don't have copys of monthly repayment which strange

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no really understanding all what you are claiming

 

 

you'd need to scan up the paperwork you have to ONE MULTIPAGE PDF

but please removed pers details first

 

 

see the upload

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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int is not front loaded like PPI

 

 

can see how you get monthly interest added

but if its wrong that would be a sep claim.

 

 

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

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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no that's how interest is charged monthly. you don't get a loan for free

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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do you know anything more of the 1st loan?

it was refinanced by this loan

 

 

1st loan

total loan unknown.£750?

int rate unknown

PPI was £67.65? so PPI was 8.27% of any payment.

was refinanced by the 2nd loan by £561.67

so as there was no rebate?

thus £46.47 PPI was carried into loan 2 with extra int added.

2nd loan

total loan was for £6499.98

loan £5600

PPI £899.96

thus 13.83% of anything paid was for PPI

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

I paid the first loan off ppi ran tho until oct 00

don't Know why this was paid 03/03/00

after I took 2nd loan out on 29/2/2000

 

 

if could explain how I work out ppi and interest

or if u wouldn't mind

as I'm not good at this

 

 

all I know is that I repaid altogether over the 36 months 94235.67

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have you anymore details on loan 1 please.

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

so

loan 1 PPI

 

PPI/Total loan*100=PPI%

 

67.65/817.65*100=8.27%

 

so everytime you paid anything 8.27% went to PPI

thus £46.47 PPI was carried into loan 2 with extra int added.

 

2nd loan

total loan was for £6499.98

loan £5600

PPI £899.96

 

thus 13.83% of anything paid was for PPI loan 2

so for the loan 1 £46.47 PPI rollover.

46.47/6499.98*100=.7%

 

thus also 0.7% of anything paid was for PPI loan 1

so go start a spreadsheet the statint sheet here is the one to use

 

This first spreadsheet is the latest version of the statutory interest calculator and is used for Single Premium PPIlink3.gif cases. It can also be used where rollover PPI is involved, i.e. a new loan re-financing a previous one and where PPI is included in one or more loans. It can also be used for S69 redress calculation on any sum, like on a closed/frozen interest PENALTY charges claim.

 

StatIntSheet v101.xls

 

and enter each payment of ppi on its own line with its date

the sheet does the rest

 

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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postit up here 1st and don't forget to do the fos questionnaire too

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html

and a covering letter

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

blue bits I've highlighted

 

 

and read this link that s what the blue bits ive done post 14 are the results of [pointers[

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

post 14

 

 

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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