Can i reclaim PPI on HSBC business loans?

[ims21]

Hi

 

You list the £18 entries as I detailed above.

 

This loan was settled early so you need to find out what pat of the settlement figure was related to the ppi part of the loan.

 

The PPI percentage in terms of the total loan was 14.84%. So you take the settlement figure for the loan and work out 14.84% of it. This gives you the ppi part of the loan at settlement.

 

Now, you received a rebate of £81.70 so deduct that from the ppi settlement figure you just worked out and you have a net ppi figure that yu would have paid when the loan was settled. Enter this figure as the last one in your list underneath all the £18 entries.

 

That then completes that spreadsheet.

 

ims

[onestressedwoman]

1859.59 / 100 x 14.84 = 275.96 - 81.70 = 194.26 Am I correct ?

 

It still looks to me account over paid (taking PPI out of equation) am I wrong about that ?

[ims21]

Hi

 

I think you've miscalculated something....use this spreadsheet to see roughly what the loan account balance should have been after 25/26 payments.

 

ims

 

 

LoanAnalysis.xls

[ims21]

 

I'm not sure about Oracle but thanks for tipping my star

 

ims

[onestressedwoman]

I'm filling out FOS form

 

Asks if partner suffers illness of course the answer to this is yes but as this is in my husbands sole name it is not relevant so I don't answer this do I

 

Also it says on FOS form at section E that I am to send any copy documents I have in relation to this loan - I don't send these to the bank do I ?

I send this to FOS - Do I send them a copy of all this stuff at the time I post it to the bank ?

 

One of my post doesn't appear ? I said that I can't make figures balance but not using pen and paper as PPI is PPI I can complete this one and go back to figure the other figures at another time can't I and if there is an error go back and ask bank for breakdown at later date/

 

In my eyes you are an oracle oh WISE ONE

Edited January 10, 2012 by onestressedwoman

[ims21]

Hi

 

The claim is in the name of whoever's name was on the loan agreements. If they are in a single name then the partner's health condition is irrelevant...the questions are only relevant to the claimant.

 

I said that I can't make figures balance but not using pen and paper as PPI is PPI I can complete this one and go back to figure the other figures at another time can't I and if there is an error go back and ask bank for Breakdownat later date/

 

Sorry...I don't follow you here?

 

ims

[onestressedwoman]

Sorry rambling sentence - I cannot make figure of loan repayment add up which ever way I do it, it looks like I have made an over payment

Also section E of FOS form says to send copy doc's but I don't send these to bank do I ? And do I send a copy of all this to FOS at same time I send to bank ?

 

I think I'm having a dolly dimple day

[ims21]

1859.59 / 100 x 14.84 = 275.96 - 81.70 = 194.26 Am I correct ?

 

It still looks to me account over paid (taking PPI out of equation) am I wrong about that ?

 

This is correct

 

Your settlement figure was £1,859 and 14.84% of it was the ppi part i.e. £275.96. Deduct the rebate you got of £81.70 leaves the £194.26. You pout this figure as the last entry in your spreadsheet.

 

You will then have a list of £18 payments up to the date of settlement of the loan and then one final entry for £194.26.

 

ims

[ims21]

Sorry rambling sentence - I cannot make figure of loan repayment add up which ever way I do it, it looks like I have made an over payment

Also section E of FOS form says to send copy doc's but I don't send these to bank do I ? And do I send a copy of all this to FOS at same time I send to bank ?

 

I think I'm having a dolly dimple day

 

See my post above regarding the ppi overpayment.

 

All you send to the bank is the completed questionnaire, a copy if the spreadsheet and a brief covering letter.

 

You don't send anything to fos at this time.

 

ims

[onestressedwoman]

Last question on this one PROMISE

 

What is the current situation with insurance ?

 

a) The insurance is still running

b) The insurance was cancelled early

If so, please confirm the cancellation date.

 

 

 

 

 

c) The insurance ended when the loan was paid off

(or when the credit-card account was closed)

 

 

IS the answer B or C

[ims21]

OK...big clue coming up

 

The loan was "paid off" so the answer is.................

 

oh go on then...its C

 

ims

[onestressedwoman]

Told you DOLLY DIMPLE DAY

 

Thank You IMS

 

Not least for your patience

[ims21]

No worries

 

You're welcome

[onestressedwoman]

Hi IMS

 

I have had the first credit back Thank you sooooooooo much !!!!

 

And they still have paperwork for the second -

 

But my third the CC - PPI I wanted to ask you advise the debt on this card was put into a charging order on my property - I was about to make application to court to have it lifted because of PPI and charges - however I don't know if I should get figures and spreadsheet done before I make the application ?

 

I don't have statements for this CC so will have to do the SAR

 

Which way round do I tackle this one ?

 

Hope your happy and healthly

 

OSW

[ims21]

Hi

 

Good news on the First Credit then....well done

 

For the CC I would do the SAR first to get as much information on the account as you can. Then you will be able to work out some figures on which to base any application to have the CO lifted

 

ims

[onestressedwoman]

IMS

 

Couldn't have done it without you !

 

I have typed up SAR and will post tomorrow

 

I suppose we have an 8 week timeline on that info too....

 

I'll let you know when I have doc's because I am guarenteed to need you to help me through my thick moments

 

Your a Star

 

OSW

[ims21]

No probs

 

40 days is the time limit for a SAR response

 

8 weeks is the time to investigate a PPI claim

 

ims

 

[onestressedwoman]

IMS

 

I am such a plonka !!!

 

I got the letter for SAR printed today signed it stuck a stamp on and posted it der.................................... Just realized I never put a cheque in it

 

Shall I send copy letter with cheque or just send cheque with cover note

 

Oh how I wish my head worked !!!!!!

[ims21]

Might best to do it again but this time enclose the cheque!

 

Send recorded so you can track when they receive it

 

ims

[onestressedwoman]

You wouldn't believe it would you !

 

You could make a comedy script about how bloody vacant I am !

[ims21]

Sorry....who are you?

 

[onestressedwoman]

[onestressedwoman]

IMS

 

Me again

 

On day 42 today no response from HSBC re SAR no holding letter recieved ?

 

Follow up letter required or just wait a couple more days ?

 

Hope you have been happy and healthly since we last communicated

 

OSW

[ims21]

Hi

 

I take it they have chased the payment?

[onestressedwoman]

IMS

 

I have been paying required amount every month didn't want to give them any excuse to try and get another order. (PPI & unreasonable charges on CC attached to charging order)

I sent required £10 for SAR

 

But still no communication from them ?