dx100uk. Thx for the reply. I've no mention of a credit card. The PPI reclaim is for an old loan that was fully paid off. I have an existing [statute bared] over drawn current a/c debt with the same original creditor. I don't know if a paid off loan and an over drawn current a/c [some 10 years later]are considered "linked" ? I don't know if the OC has the right to offset that debt with any PPI reclaim I might get, although the link you supplied suggests they may not. I was interested in any further information regarding the 8% Statutory Interest part of a PPI claim, that you mentioned, not being allowed to be used to offset an existing debt and as such the 8% SI [at the very least] should go to the claimant ? Apologies if the link/pdf you posted above does refer to this but I'd be grateful for any clarification. Many thx

Greetings. Making a PPI claim on an old loan that was repaid in full. Wondering if I succeed, will the original creditor be allowed to use this to offset an outstanding (statute bared) debt (overdrawn current a/c and assume the original creditor still owns the debt). I noticed post #4 by dx100uk and specifically in bold: "if the original creditor still owns the debt then they can offset but not the 8% stat int part of any refund." in this thread: http://www.consumeractiongroup.co.uk...BC-credit-card I've seen on the FOS website: compensation for being deprived income etc.. http://www.financial-ombudsman.org.u...tment-loss.htm and various scenarios on PPI redress: http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi/redress.html#_Where_the_consumer Does anyone have any further info or legal precedent about the 8% SI part of a PPI claim not being allowed to be used by a creditor to offset an existing debt and as such should go to the claimant ? Many thx

many thx..working now..

Thank you for the instructions. I've done as you describe. The Loan Progression Spreadsheets works (I can enter the figures I need), but not the Statutory or Contractual Spreadsheets. (can't enter anything in the cells you mention). Thanks

Thanks. Yes what you say makes sense. They have presented figures that have separated the CI and SI, so I just want to know those amounts for myself...if that makes sense.. Thank for your help and patience...you're a kind soul... Kind regards and wishing you well...

Thank you. It's for the same PPI claim but the Contractual Interest part of the claim I am being offered seems very low. Is your attached spread sheet still applicable ?

Apologies ims21. To make sure I understand.. where you say.. "In the loan analysis spreadsheet you enter the Total loan amount, the number of payments and the amount of each payment." "Total Loan Amount " is the Loan Amount + PPI Premium ? "amount of each payment" is the payment I made each month for Loan 1 ?

My sincere thanks. I wouldn't have worked out the PPI rebate without your help. If I may also ask, have you posted a Contractual Interest spread sheet or if not, are you able to ? Again my thanks

Thank you for the speedy reply. No apologies necessary. Appreciate the step by step approach for this old and withering brain. Yes I have done as you describe for Loan 1.

Firstly I'd like to thank everyone and especially ims21. I've read through the first link on your signature. However I'm not understanding the combination of examples I need to apply and am hoping for your help. I had 2 loans. Both with PPI. Loan 1 was re-financed half way though (at 24 months) by Loan 2. At the time of re-financing (when Loan 2 began) I have now been told I had a rebate of Loan 1's PPI. Using the Loan Progression Spreedsheet the rebate I was given is about half the figure that appears on the calculator at the 24th month. (when Loan 2 started). Loan 2 has not been fully re-paid. Using just the PPI Premium and Loan Total and monthly repayment amounts but not including any PPI rebate amounts, I have worked out the: PPI % of Loan 1. PPI % of Loan 2. PPI % of Loan 2 that relates to PPI of Loan 1. I have entered all the above in the Statutory Interest Spreadsheet. My problem is with the PPI rebate for Loan 1, when Loan 2 started (at 24 th month of Loan1). What do I do with that PPI rebate in the calculations ? 1. Do I do as above with a), b) and c), and that is all I need to do ? 2. Do I do as above with a), b) and c) and then add anything to do with the PPI rebate figure, and if so which rebate figure, the one they gave me, the one at 24 months on the Loan Progression Spreadsheet or the difference between the two ? And what/where do I include it ? I hope I've not complicated things in trying to explain where I'm at with this. Again sincere thanks to ims21 (and all) without who's info and spreadsheets I wouldn't have got even this far. Many thx

ims. Working Very kind of you. Many many thx and apologies for any intrusion to the thread. .

ims Thanks for the quick reply. I don't have excel (MS excel that is). thx

Hello ims21. thx for posting the calculator. I have opened this using OpenOffice. I've entered details in columns A, B and C, however the following show in each of column D and E: #NAME? Appreciate any help. thx

Greetings Bigdebtor. To be frank, I'm loathed to say anything that may be based on an opinion as I would not want to detract from any legal point that the very kind and generous members here help with. (not that I'm saying you are btw lol. But it's obvious that the law is not only about fact but how one can mould facts to fit an argument. The consequences to a debtor of this process of demands in full of payment have their consequences, which I am given to understand are not considered "duress" by the courts unless financial proven. The consequences to the banks etc of having to return full payments that were "not allowed" (forgive me putting that in quote) would, no doubt give the banks etc cause for thought, assuming my "opinion" has any merit. I'm rambling a bit I know, but perhaps some of the learned people here may be able to see how/if what I've asked can be factored into an argument about all this undoing of TN and demands for full payment that the banks etc are now trying to use against us. Kind regards to all...

So what if a debtor who is wholly unaware that the DN was dodgy and subsequent TN and demand for full payment were not allowed, responds to a demand for payment in full by paying that amount in full, and later becomes aware that the original demand was based on a dodgy DN, such that the termination and demand for full payment was "not allowed", can that debtor then request his full payment be returned ? PS: I'm not being funny here. If it is the contention that an OC can undo all of this termination and demand for full payment stuff all because of the word in the CCA "cannot"..then why would the debtor not be afforded the same right to undo his full payment?