PPI and DMP

[Helenm]

Hey all - well today I sent away the questionnaire along with my agreement

 

Just wondering if i have a good chance? The salesman for the car, never mentioned PPP and told me to sign - just discovered the document last night!

Payment Protection Plan

Gold Cover

 

First Schedule - Total Cash price of goods

£8295 Total = 1187.20 APR 16.3%

Second Schedule - Cost of Payment Protection Plan = Amount of Credit

£2074.62 Total = £2930.40 APR 15.5%

 

Repayments

£244.21 x 60 months

[Helenm]

I have sent away 4 requests for PPI and charges etc!

 

As I am on a DMP - all 4 of these have went to debt collectors, does this mean any monies due would come to me?

[ims21]

Hi

 

If the debt has been sold to the DCAs then the money comes to you. If the debt is still owned by the original creditor then they can set off against your debt.

 

ims

[Helenm]

Thank you very much - all new to this!!

 

MBNA - sold debt

Halifax - sold debt

Barclaycard - sold debt

Capital One - still on DMP

 

Now looking at Mortgage stuff now - see if i can see anything there!

[Helenm]

Black Horse - Can anyone help me with the calculations that might be due? - i am totally confusing myself

 

First Schedule

Total amount payable £ 11867.20 APR 16.3%

 

Second Schedule

Total amount payable £2930.40 APR 15.5%

 

Total payable monthly for 59 months £244.21

month 60 £294.21

 

 

Thanks in advance!!

[ims21]

Hi

 

So is "first schedule" the main loan and "second schedule" the PPI loan?

 

If so what was the split of repayments? should be shown somewhere as they are different APR.

 

Have you got a record of all the payments made?

 

ims

[Helenm]

First Schedule - total cash price of goods and Second Schedule - PPP

 

Payments were split £195.37 and for PPP £48.84 Total each month = £244.21

 

there were 60 payments made - no arrears - full term of loan paid 2003-2008

[ims21]

Excellent

 

This will be easy for you to calculate what is due back

 

Use the attached spreadsheet

 

List each payment of£48.84 giving the date of payment, description and the amount i.e. £48.84.

 

You'll end up with a sheet containing 60 payments and the box at the top right will show you what you are due back

 

ims

 

StatIntSheet v101.xls

[Helenm]

OMG!!!!!! lol - nearly £4,500 omg - just hope I get it

 

Thank you so much for this x

[ims21]

Sounds about right to me

 

ims

[Helenm]

Thank you so much for taking the time to respond! Will let you know what happens next ....

[ims21]

 

Good luck with it

 

Just shout if you need more help

 

ims

[Helenm]

Hey - think i've made a big mistake!!!!

 

Reading through everyones post has made me think I have went around this the wrong way

I have infact sent the SAR and PPI questionnaire requests to MBNA, Halifax, Barclaycard and Capital One - was this wrong???

 

Thanks in advance!

[ims21]

If you have or have had accounts with each of these then you are right to send SAR to each.

 

Sending completed fos questionnaires to each is not wrong, just speculative.

 

See what comes back.

 

Nothing is "wrong" per se....just maybe the wrong order

 

ims

[Helenm]

Have received letter from Halifax to say that they are dealing with my complaint - will wait and see how long this goes on for ...

[Helenm]

well got home today to find a letter from barclaycard (well 3 of them) dont know what that means??? they will reply by 21 June the return envelope has orange sticker on - anyone know what that could be for?

[kate2222]

Just following your post Helenm we also sent a letter to Barclays requesting info and got 3 x letters back from barclaycard! No stickers on ours. We have the date of 22 June Good luck