How to calculate the interest on PPI claim???

[ims21]

Hi havinastella

 

Good on ya. They give no quarter so neither should we.

 

Max out your claim is my philosophy.

 

ims

[onevodka]

Hi MrZ and ims21. Thanks v much for your assistance! Using the spreadsheet, I get £315.20 in the

amount column, and £228.78 in the interest column. Added together gives £543.98. Do I then add any further interest at 8% on to that, or is £543.98 my final figure???

[havinastella]

I get £315 compounded at 14.9% deom 2003 to be in the region of £1100, then 8% on top of that £900ish, so a claim for roughly £2000

 

Those are rough and from 2003!

 

Jogs

[kopchoir]

Hi apologies for bumping an old thread but i reallly need some help.

I took out a secured loan many years ago 2003 i ahve been mis sold PPI which was £2460 which was added to the loan.

Only problem is the PPI i was missold i was told that it ran for the duration of the loan,when in fact i found out that it only lasted 18 months.

 

How do i work out the interst owed to me.

The loan £14,760

Cash advance of £12,000

PPI £2460

Intro fee £300

APR of 14.3% over 180 months at £186.75

 

Any help would be great cheers

[dx100uk]

Hi apologies for bumping an old thread but i reallly need some help.

I took out a secured loan many years ago 2003 i ahve been mis sold PPI which was £2460 which was added to the loan.

Only problem is the PPI i was missold i was told that it ran for the duration of the loan,when in fact i found out that it only lasted 18 months.

 

How do i work out the interst owed to me.

The loan £14,760

Cash advance of £12,000

PPI £2460

Intro fee £300

APR of 14.3% over 180 months at £186.75

 

Any help would be great cheers

 

you'll not be seen here

 

start a new thread

 

dx

[kopchoir]

you'll not be seen here

 

start a new thread

 

dx

Thanks

the 18 months is giving me a lot of confusion