Hello ims, sorry I have had computer probs all weekend. The third loan was for £25k thus less the £19k plus some charges I assume, I was left with £4663.24 to spend. The PPI on both loans was calculated separately and are shown in my break down earlire and are over and above these figure. Does that make sense? I am still looking for evidence of where I was paying the first payments to loan 2? JQ

Hi ims Thank you so much for your trouble, I will have to check in again tomorrow, I am fit to drop and the restless legs are going mad, so I am going to have to go to bed. Thank you again. JQ

Yes that's right, but I need to check out where the money went. Nothing was paid to the loan account and the settlement figure was £20,336.76, so I must have paid a bit in interest? JQ

Yes, although as I recall the payments I made were to go into one of my accounts, I think, I must look back through my paperwork, because I cannot remember where it went, it was on standing order I believe. I recall they did not get the name right, but I didn't think anything of it, but now I put the pieces together it sounds pretty suspicious. I will scrutinise my papers over the weekend and see what I can find? I will probably find it is there in one of my accounts, but believe me it has been a stressful few years, so anything is possible, but I am beginning to wonder? JQ

I ended up with another £4663.24 after the rejig! JQ

I haven't sent a SAR yet, but I think I should now. I did have the money when loan 2 was drawn down, they just rejigged it and gave me an extra £5k, which after all was paid was £4000 something that I quoted in an earlier post, which is on a previous page, I will have a look! JQ

Yes, but I am not sure where it was paid to, because it was not on the loan account statement. We discussed putting it in place straight away so that I was budgeting for it and didn't forget about it and it be a shock seven months later! I think it was paid into a separate account, but I cannot remember where. It was not into my business or personal current accounts so I will have to hunt around, I did have some accounts that the bank manager closed down, which I have asked for copies of from my present bank manager, but he says without numbers he can't trace them? I hope it went back into my funds and not elsewhere? I know I am dozy but I am really racking my brain to remember, but I can't! I had not thought about it since! JQ

Yes ims, that is correct they offered to refinance with an extra £5k at a better rate? Although, I had been making payments from the beginning, as if I was paying to ensure I included it in my budgeting from the beginning, which reminds me I must find out where on earth that money went, because with my dizzy head, I cannot remember! The bank manager set it up but I cannot remember to where it was paid to? I must do some digging? JQ

Yes I think I mentioned it somewhere, the loan was 19,000 and the £6,426.99 figure you quoted in an earlier post was correct? Is there anything else that was wrong? JQ

Yes you are right Citizen B, and I am looking into that, but I have business, personal, my brother's DLA, and can transfer between making it easier, it is a huge jump for one bank to another! However, it has to be done sooner or later! JQ:-)

Hello Citizen B When I first whent into arrears with the loans, there were supposed to be on hold pending the outcome of the PPI, but they only put on hold one by mistake. So basically the deafulted me and shut down all my accounts, cancelled my cards, cheque book etc. I complained and they reinstated them all. Unfortunately only half the DDs & SOs appear to have been reinstated. I am fobbed off with stories of "they are on a different screen, they look cancelled but thery are not" & it's the DD company's fault for putting the same reference number as the cancelled DD, of course it will not be paid it's been cancelled and will keep being turned away. Every Wed I have to pay my brother's disability money and every week they have messed it up, either not paying or paying twice! He being a mental health patient failed to tell me that, which left me £220 down! Anyway, as soon as I make my decision over the PPI, if I do not choose to pay the arrears immediately they will close everything. That is why my origianl questions were about enforceability, to see if I could turn it round in my favour, but it doesn't seem too positive? I am sick of being messed around, but I have several accounts with them and it is just convenient to remain, but I may not have a choice soon. JQ

Thank you so much ims, they are holding me ransom, if I don't make a decision and pay off the arrears, they will shut down my facilities and each week they have messed up several DDs & SOs, making me incur charges, because having cancelled them all once and reinstated them, when they come in with the same ref no they are listed as cancelled so they don't pay them! JQ

Hi ims, it is in no 46? Do you need anything more? JQ

Hi ims, it is in no 46? Do you need anything more? JQ

Any more ideas anyone? JQ

Sorry for the delay ims, suffering a bit too much pain so haven't been able to concentrate till now. Anyway, according to the total balances of payments/receipts, the columns appear to match up at £26,460.83, but the total repaid to loan 2 is £20,336.76, leaving a balance of £4663.24 out of the £25,000 available to spend. I cannot find the first page of loan 3 to see the distribution of funds as yet. Thank you so much for looking. JQ

ok I shall check when I get in. Thank you. JQ

That's strange, I read amount of loan showing as £1,000 instead of £19,000, perhaps it's my end? I think you are correct, but I am out and do not have the papers in front of me. With regard to settlement, do you mean when it was rejigged, or for PPI? I am looking for the distribution of funds for the loan to confirm and since my complaint re these two loans, I have heard nothing re PPI settlement. JQ

Thank you ims I agree, a bird in the hand is worth two in the bush, but with such bad luck of late it would have been a nice bonus to not have to pay them at all! Wishful thinking! Loan 2 APR CASH LOAN 12.8% INSURANCE PREMIUM LOAN 12.4% Amount of loan £1,000 £,426.99 Charge for credit £1,051.87 £4920.95 Total amont payable £3,051.87 £11347.94 Monthly repayment £298.70 £99.55 = £398.25 Number of repayments 114 . Repayments began 7mths after the loan is drawn An arrangement fee of £285, including negotiation and the perfection of any security, in included in the total charge for credit above. (no security taken but telling it as it is on the tin!) This loan was cancelled on 02/08/05 and rejigged/ replaced by loan 3 Key Financial Information APR Cash Loan 12.3% Premium Loan 11.9% Amount of loan £25000.00 + £8218.51 = £33,218.51 Total amount payable £43868.01 + £14193.87 = £58,061.88 Monthly repayment £384.80 + £124.51 =£509.31 Repayments will begin 7 months after the loan is drawn, or on a later date if the Bank so agrees. Term 120 months Other Financial Information Total charge for credit Cash Loan £18868.01 Premium Loan £5975.36 made up of: Interest on cash loan £18,468.01 made up entirely of interest on Premium Loan and fees Arrangement fee £400 Security fee£0 The Interest Rate is 11.25% p.a. We charge interest at the above rate on the daily balance of your loan. The interest will be added to the loan monthly in arrears and compounded monthly. You are purchasing Business Insurance. The cost of this cover is the amount of the Premium Loan. Interesting term Business Insurance? It was PPI? I have tried to keep it as is on the document with regards to lines and wording, just can't do the columns so hopefully changing the PPI to blue will assist? Thank you for any/all input. JQ

Thank you dx The first loan is still running. The second loan was replaced by the third, I am trying to find the bank statements with the consolidation, because if I recall I did not understand the payments made. I will find and post up if anyone can give a view? Thank you for this point, the bank said the original PPI on the paid loan would have been refunded in total! We'll see! JQ

Thank you CitizenB, ideally I would like to have as much money available as possible, because my business is still closed and undergoing repairs due to flood damage, so if I could take the lot and complain about the contract enforceability without them defaulting me, this would be preferred, if it failed I could them continue with the restructured payments, because I need time to rebuild the business as I have been closed for three and a half years! I am reluctant to pay them anything if the contract is unenforceable, just in case I have difficulty getting it back. My circumstances dictate that I need the money asap. Not only was the PPI a condition of the loan, but I am self-employed and disabled so it was not appropriate and I have to be honest, I would much rather have had that money to keep me going whilst I am messed around by builders and the insurance company! Every little helps! JQ

Thank you so much, I forgot to mention, I had a call from one of the chaps I have been dealing with at the bank and he asked me if I had been paid, I said no because I was seeking advice and I had 8 wks to do so, he said it was on file that it was concluded and they were just about to default me and shut down my facilities! They certainly have it in for me with this, so it just makes me more suspicious. Thank you and I look forward to any opinions you can muster. Good night. JQ

Thank you ims, yes I would prefer to keep the relationship right now, for convenience because I have several accounts, but I do not wish to pay anything to my loan if it turns out that it is unenforceable, in case I cannot get it back? That was my main reason for asking the list of questions at the beginning, because I do not know where I stand and some people say it is better to have the PPI and the enforceability addressed together for a more positive outcome? Although I have read so much I do not know what I think anymore! Lol! Oh and I am nearly finished my spreadsheet, it is amazing how long inputting can take when your brain is on a go slow! JQ Any thoughts very much appreciated and thank you once again.

Yippee I think I have done it! Although it does not say it here, the lady on the phone explained that the PPI that I would have paid in the future is the sum to be taken off the loan. She also gave me all the % breakdowns of all the interest and the number of payments etc, but this is vague and confusing lay out to me? Or is it just my dozy brain today? JQ DECISION BREAKDOWN LETTER PERSONAL PPI 12.09.11 PAGE 2 DELETED.pdf

Although the letter sent 3 days prior to the offer letter said it would be £14,801.00, which included 40 days interest at 8% to allow for processing. JQ