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RBS PPI Redress


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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

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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