reclaiming my dads various PPI's from Lloyds Bank

[NGEddie]

No they literally say, the loan amount, Gold Insurance and the length or agreement, in their letter they said they do not have the agreements any more as they are from 1995-2000, there is just one from 2000 with a statement and on that it shows the ppi amount.

 

You mean call them and quote the loan number and see if they know the ppi amount?

 

Cheers

 

E!

[dx100uk]

it has been known for them to have the info when asked

 

sometimes the sar does not get everything.

 

dx

[NGEddie]

Thanks dx

 

Quick one, with simple interest, for a loan taken out in 2002, I entered under claim from the date the loan was taken out, then on date of charge the first repayment being the 5 amount which covered PPi being £40 odd, it said 4003 days elapsed and straight away worked out the simple interest as nearly £50, is this correct?! If so I guess it relates interest would you have had the money sitting in your bank account and not in the pocket of the bank?!

 

E!

[citizenB]

Yes, that sounds pretty accurate.

 

You can understand why the banks are reluctant to repay, cant you ?

[NGEddie]

Wow, its basically doubled it

 

Did you get my email by the way?

[citizenB]

I have just logged into account - I think I have one from you.

 

[NGEddie]

For the section on the guide where loans have rolled, I have done all the % as I believe are correct, but cannot get my head around this last paragraph :-

 

So to enter this in the spreadsheet you list the actual payments made for PPI on loan 1 prior to refinancing. From then on you list the 2.33% of each payment and annotate it as Loan 1 PPI and then you list the 12% of each payment which relates to the PPI on loan 2.

Does anyone have an example of doing this?

 

E!

[dx100uk]

heres an example

[NGEddie]

Excellent(said in Mr Burns voice)

 

thanks dx, make sense now, so if its happened more than once I just keep adding them all on that same spread sheet? still trying to get my head around the one which was paid off by additional borrowing on the mortgage!

[dx100uk]

the rollover into the mortgage will be the same

x% of any mortgage repayment will be for ppi from the loan it paid off

 

dx

[NGEddie]

Great thanks, as it is a variable rate I suppose I just adjust each time the payment changes, that is still on going so guess still beign paid fpr?

 

So as it appears all 10 have rolled, silly question but I would need to start at the beggining and have them all on one spreadsheet?

 

Still yet to find ppi amounts of the oldest ones, going to call, but if not there must be some formula or % of they work to on them?

 

Cheers

 

E!

[dx100uk]

ideally yes they should be on one spreadsheet if they are in a chain

 

as for the variable rates

that does not matter or come into in

as any int rate of the loan or the mortgage is already included in the % of each roolover

that represents the PPI

[[any monthly loan repayment, or settlement or mortgage monthly payment ALREADY has its interest include in the monthly paymeny

you are just calculating what % of that payment to rollover PPI was.]

 

dx

[NGEddie]

Cheer dx, im reading lots and finding more out here and there.

 

Is it worth calling Lloyds insurance to try and get the ppi amount for the really old ones?

 

Just thinking, the pre 2000 have no agreement, just the classic screen print they seem to give.

 

The oldest two, i dont have a monthly payment or PPi amount for, or settlement, they add upto about 4k the pair, so im thinking for the hassle it would be is it worth it?

 

The other three, still no agreement, but i now have the loan amounts, monthly pauments and settlement figues, its just the ppi amounts I am missing, they were old branch fixed rate ones, not sure if the branch would have any more info than the SAR didnt find?

 

Cheers

 

E!

[dx100uk]

don't forget Lloyds have a ppi line I think too.

 

give them a ring why not!

 

they might have info others don't.

 

on the loans you don't have ppi for

 

it appears Lloyds cough £1200 for each one as their std figure

as long as you can prove you had the loans

and prove you had ppi.

 

dx

[NGEddie]

You would think so, I tried that, less than useless is being nice, they claimed to have no access to any loan figures or amounts or ppi amounts, and that was the ppi line!

 

Really?! I think one loan was about 1800 and the other 2400 so would have thought the ppis to have only been maybe £500-900 very roughly speaking from other threads I have seen.

 

Yes we can prove the loans, its the ppi i am struggling with.

[NGEddie]

So with these pre 2000 loans, as the SAR didn't give the PPi amount, monthly repayments of settlement, I am going to give the branch a try.

 

Suppose that is the last option other than possibly l l oy ds insurance?

 

Cheers

 

E!

[NGEddie]

Hi all!

 

Little update, actually went into a branch and they were surprisingly helpful, a lot more than the ppi line, grrr

 

The chap worked out approximate figures for the PPi parts we didn't have information for.

 

Now the first three loans going back nearly 20 years! had ppi, but the loans were only £1500 and £2500, with the PPI's being £150 and £225, I am trying to work out if its worth bothering with these as no agreement and these are estimated, I don't have the monthly payments or interest %, I wouldn't have thought they would pay £1200 for these surely? Please tell me im wrong, lol, although the chap at the bank seemed to think if we just submitted these with agreement number, dates and loan amount the bank has been doing all the hard part?!

 

For the newer ones, I am going to put all onto a spreadsheet as have the relevant figures. I guess as they all rolled its one one sheet?

 

The latest one, which the PPi is paying out on more than ways out anything we would get back I am obviously going to leave that alone, on that note I don't suppose if we claim on the rest they would come along and say the newest was mis-sold too, therefore shouldn't of had it, and it shouldn't have paid out?!

 

Cheers

 

E!

[dx100uk]

sounds good they cant take back what they have paid out ...no.

 

on the early loans..

 

now that would be funny...urm... £1200 each one....

[NGEddie]

 

on the early loans..

 

now that would be funny...urm... £1200 each one....

 

Imagine, lol

 

I think im gonna just put them in and it comes to anything then good and if not...meh

 

Im okish with excel for dragging the amount down as the same, but with the dates, I shall estimate the payments went out 1st of each month, guess that's ok?

 

But how do you make it so it adds the next month each time?

 

So...

 

1/1/10

1/2/10

1/3/10

 

without having to manually type it?

 

Cheers

 

E!

[dx100uk]

month formula

.

=DATE(YEAR(A1),MONTH(A1)+1,DAY(A1))

 

or use search engine

 

then just pull that formula down

 

dx

[NGEddie]

Thanks dx, I am going to busy tomorrow!

 

the rollover into the mortgage will be the same

x% of any mortgage repayment will be for ppi from the loan it paid off

 

dx

 

With the mortgage one, the loan only ran for three months despite being a five year, is there anything worth pursuing on this as seems Ludacris for a bank to sell someone a loan, then three months later pay it off with additional borrowing from a mortgage! So this is going to be a massive one on the spread sheet, then another loan was taken out about a year after I think, so would be on a new sheet yes?

[NGEddie]

Oh and its obvious dates wise, but how and do we have to prove the additional on mortgage was used to pay off the loan?

[dx100uk]

the refinance should be obv on the loan statement around the date of the mortgage

 

if the other loan is TOTALLY sep

 

then yes

it will have its own spready.

[NGEddie]

Cheers!

 

Just about to get together the credit card ones, this monthly amount changed each time, so which spread sheet do I use?

[dx100uk]

ideally you should use the fosrunning

 

dx