Anyone know how to claim interest element on PPI?

[charliebright]

Hi guys,

 

I took out a £20,000 loan from natwest in Nov 06 and only found out 2 months ago that PPI was added to loan without my consent. I sent a SAR and have received statements regarding the a/c but not all information as requested.

 

In statements they show Principal Pay and Interest for the monthly premium which totals £404.26. They have withdrawn the PPI element from loan and my payments have reduced to £334.19.

 

Not only do I want to claim the extra £70.07 I have paid for over 15 months, but would like to add interest to this.

 

I know HHNF has hit them where it hurts and made them cough up, but would like to know how i calculate the interest I can claim from the PPI just as HHNF did.

 

Are tips, ideas?

 

HHNF are you there? :-)

[alanalana]

Hello charlie,

 

You are correct with HHNF being the star on percentages, interest, etc,

I have some links that may help you to work out what interest is due to you on the PPI.

 

Bank Templates Library

 

within this is the templates for the interest calculation spreadsheets.

 

 

hope this helps

 

aa

[hellhasnofury]

Hi guys,

 

I took out a £20,000 loan from NatWest in Nov 06 and only found out 2 months ago that PPI was added to loan without my consent. I sent a S.A.R - (Subject Access Request) and have received statements regarding the a/c but not all information as requested.

 

In statements they show Principal Pay and Interest for the monthly premium which totals £404.26. They have withdrawn the PPI element from loan and my payments have reduced to £334.19.

 

Not only do I want to claim the extra £70.07 I have paid for over 15 months, but would like to add interest to this.

 

I know HHNF has hit them where it hurts and made them cough up, but would like to know how i calculate the interest I can claim from the PPI just as HHNF did.

 

Are tips, ideas?

 

HHNF are you there? :-)

 

Hello Charliebright,

 

Yes I am here, sorry for not responding sooner, but been in court today and had a bit of a rush on with the preparation:eek:

 

I am more than happy to help with this one, MMMmmmh Natwest how loverly, an aggrevasion I can help with in their direction is good for me. Its therapy:lol: and yes I bet there are a few thousand customer of their are unaware they have ppi on their loans:mad:

 

Ok if you post up what is on your agreement.

 

Amount borrowed,

Interest rate

total charge for credit

ppi amount

 

Also the amount of rebate that they gave you when they cancelled it.

 

Speak soon