Beneficial finance/ hfc PPI

[timmydust22]

Hi

 

I was looking through my old agreements and came accross ppi for a loan took out august 2007.

 

Its was with beneficial finance and i paid 264 a month, interest was roughly 27%. the original mount taking was 5700 with interest to be added on

 

How do i work out how much im owed on the ppi. Havnt a clue how to work it out depsite looking through the threads..

 

Cheers.

 

(also it was due to finished a while a ago but money trouble has stopped me doing this.)

[timmydust22]

to help more

 

my loan was £5764.95 took over 3 years paying £264.78 a month with 26.48% interest rate

 

They reckon they have no details to give me over phone with regard to how much the ppi was.

 

They said an amount was added to the original loan.

 

any help cheers

[timmydust22]

HIive got a ppi claim with the ombudsman, its been in with them for over a year.On my latest letter it says if your circumstances change ie struggling money wise they may helpWill this speed things up you think cheers

[freakyleaky]

It's definitely worth contacting them to find out what's what.

Mention any change in circumstances if there are any. It can't do any harm.

Good luck.

[dx100uk]

if you are in genuine hardship possibly

 

dx

[timmydust22]

i can assure yous that im struggling big timehave a ccj on me backive sent an email off with my reference number

[freakyleaky]

Let us know how they respond. Good luck.

[timmydust22]

Hi

 

the financial ombudsman, have sent me a letter with a offer hfc (beneficial finance) have made.

 

They have offered to refund all premiums, interest relating to life cover but not relating to accidents, sickness and un-employment.

 

Is this normal, the ombudsmans letter states if i reject this there is a chance il not get anything back obviously

 

Regards

[ims21]

Is this to do with your thread here?

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?344930-Ppi-advice&p=3781552#post3781552

 

 

Have you got your own calculations done for the claim?

 

What reasons have they given for not refunding the remainder?

[timmydust22]

all it states is that hfc are defending the claim for accident, sickness, and unemployment.

 

i havnt actually worked it out, as ive misplaced the credit agreement but the loan was roughly 7000 plus interest on top of that.

 

not sure whether to accept but they dont tell me how much they are offering, i guess the whole point of me applying was because i told hfc that in my current role i get 6 months full pay long term sick etc

[ims21]

As before, is this to do with your thread here?

 

http://www.consumeractiongroup.co.uk...52#post3781552

 

HFC will send you an offer letter with the figures on it. You can't accept an offer if you don't know how much it is. Their offer letter may contain some information as to their reasoning.

[timmydust22]

yeh sorry, it is to do with that thread.

 

ah ok il wait for letter from hfc

[ims21]

Two threads merged on the same issue

[dx100uk]

another thread merged too

 

please keep to ONE THREAD per claim

 

dx

[timmydust22]

ive rang the ombudsman and im left a bit confused.

 

Without even looking at the offer, i know i wont accept it and so rang to confirm that. The lady replied to me that i have to sign the settlement form regardless. is this correct

 

it states the following ' i confirm acceptance of the offer made by HFC bank outlined in your letter, in full and final settlement of my complaint'

 

confused,

[dx100uk]

no await hfc letter

 

dx