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Hi there,

 

I have recently had a PPI COMPLAINT upheld with RBS

 

I recieved my final outcome letter today but I am still left feeling slightly confused and wonder if I

am owed a bit more. i don't have all the information on the personal loan like interest rate but feel that it doesnt quit add up

 

I took out a loan on May 2nd 2007 - £1000

 

I then apparently took out another loan on 27th May 2007 - £ 1500 to cover the first loan (i can't remember why this was done)

 

This being a chain loan

 

I was always under the impression that I only took out a loan of £1000 at this time so this confuses me

 

I paid my final payment for the loan on March 27th 2012

 

I was paying payments of £37.78 over 5 years / 60 months so this totals to £2229.02 that I paid for the whole loan of £1000

the rest being a combination of interest and PPI ( £1229.02)

 

The banks offer is for the first Loan

PPI REFUND £8.19

STATUTORY INTEREST £6.68

20% TAX £1.34

NET offer £13.53

 

The banks offer for second loan

PPI REFUND £59.44

STATUTORY INTEREST £36.41

20% TAX £7.28

NET offer £88.57

 

now i'm really sorry if i have got it all wrong but I just feel a bit confused with this out come. This would make the total PPI PAID £67.63 Over 5 years and the itnerest being £1161.39?

 

in the letter they do not break down my interest and ppi so that its clear. if anyone can make sense of this I would be grateful !

 

Kind regards :-)

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cant use the loan int rate but only 8% statint.

 

send them an sar

you cant do anything without the statements.

 

dx


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ah okay, thanks for your reply

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