EGG loan+credit card CCJ being paid for 7 years includes PPI

[dx100uk]

black link in my and in your text....

 

 

dx

[giveITallback]

Ha sorry, was using a mobile device and didn't twig. Can you advise if SAR is necessary if I have the form from EGG that shows loan amount and PPI amount? Does the SAR show all payments, interest charged for PPI etc?

 

Thanks alot

[dx100uk]

might not only be PPI

 

get the sar

 

dx

[giveITallback]

There's a possiblity I did this a few years back with these guys around the time of the CCJ If I can dig it out is it necessary to do it again at this stage? What should I look out for DX exactly if I can find the activity on the account?

 

Cheers Pal

[dx100uk]

penalty fees?

 

dx

[giveITallback]

Hi,

 

I can't seem to find where to send the SAR to EGG loans as the company has sold this arm of the company? Any idea anyone? To summarise:

 

Defaulted

CCJ issued

Been Paying the CCJ amount for 7 years

 

Questions

Should I SAR to check there's no excessive charges, default amounts, interest ?

If there is does this affect me continuing to pay the CCJ

Can they apply to the court again if I stop paying or will the court state they've had 7 years to reclaim monies owed?

Will the CCJ automatically be removed from my file or do I need to apply for this?

[dx100uk]

if y have been payng the ccj for 7yrs

it should already have dropped off

 

and

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?356421-Ppi-cover-for-loan-Egg&highlight=egg+loan+sar+address

 

dx

[Conniff]

This has been going almost 3 months and don't seem as if you have achieved much. There could be a lot of money in your favour giveITallback, you should be makeing this a priority.

[giveITallback]

Hi,

 

Quite right and will give this the attention it deserves. Once again thanks for all help regarding this!

 

Warmest Regards

GIAB

[Conniff]

We're always here and would hate to see you lose out.

[giveITallback]

Hi Not had a response yet to the SAR should hopefully be soon. In the meantime can you advise on the interest caluclator link you published above for me.

 

My PPI interest rate is shown on my docs from Egg at 7.9% the calculator shows 8% Can you advise on what figures I should be using i.e

 

Original Amount + interest @7.9% + 8% interest

 

Many Thanks

[ims21]

You will need to work out the percentage of PPI against to the total loan.

 

Have a read of No.1 in my signature....it will tell you how to do it.

[dx100uk]

Hi Not had a response yet to the SAR should hopefully be soon. In the meantime can you advise on the interest caluclator link you published above for me.

 

My PPI interest rate is shown on my docs from Egg at 7.9% the calculator shows 8% Can you advise on what figures I should be using i.e

 

Original Amount + interest @7.9% + 8% interest

 

Many Thanks

 

you said before:

 

Forgot to mention this is a personal loan and credit card debt combined, not sure that makes anything different.

 

so it will be two claims

 

dx

[giveITallback]

Hi,

 

Massive apology

 

just confirmed this is for a Loan only that became a CCJ in 2005.

 

I'm still paying a monthly amount to this CCJ 7 years later.

 

The PPI is for a loan only.

 

I've read your help section and believe this to be a single premium PPI case where it was added to the total loan although the SAR should confirm this yes?

 

So can you advise me on the PPI calculation?

 

I'm not sure how to use it as it says 8% interest.

 

Does this override my published interest from the OC of 7.9%APR or is the 8% in addition to my PPI amount + 7.9%.

 

My Credit File with Equifax comes up totally clean,

there is no mention of any previus defaults or CCJ including one that is within 2 years.

 

Should I obtain from the other 2 agencies?

 

Does this mean that should I apply for any credit in the future I could be accepted?

 

I am not about to get my self in any trouble of course!

 

Also what's an SOC? Someone advised me to get one in an earlier post.

 

Once again Thanks you guys! You're a godsend!

[dx100uk]

Hi,

 

Massive apology

 

just confirmed this is for a Loan only that became a CCJ in 2005.

 

I'm still paying a monthly amount to this CCJ 7 years later.

 

The PPI is for a loan only.

 

I've read your help section and believe this to be a single premium PPI case where it was added to the total loan although the SAR should confirm this yes? - have you the loan agreement?

 

So can you advise me on the PPI calculation? - total cost of PPI / total cost of loan * 100 = xx%, workout what XX% is of your PCM [monthly payment] - thats the PPI PCM.

use the staint SOC [spreadsheet] enter EVERY MONTH you paid PPI PCM with the figure into the SOC.

I'm not sure how to use it as it says 8% interest. - leave it alone the SOC does it for you.

Does this override my published interest from the OC of 7.9%APR or is the 8% in addition to my PPI amount + 7.9%. - the loan int is taken care of by the PPI PCM calc above

My Credit File with Equifax comes up totally clean,

there is no mention of any previus defaults or CCJ including one that is within 2 years.

 

Should I obtain from the other 2 agencies? - yes atleast one more

Does this mean that should I apply for any credit in the future I could be accepted? - yes

I am not about to get my self in any trouble of course!

 

Also what's an SOC? Someone advised me to get one in an earlier post.

 

Once again Thanks you guys! You're a godsend!

 

 

hth

 

dx

[giveITallback]

Originally Posted by giveITallback

Hi,

 

Massive apology

 

just confirmed this is for a Loan only that became a CCJ in 2005.

 

I'm still paying a monthly amount to this CCJ 7 years later.

 

The PPI

is for a loan only.

 

1.

I've read your help section and believe this to be a single premium PPI case where it was added to the total loan although the

SAR

should confirm this yes?

- have you the loan agreement? -

No I've got an annual loan Egg Statement that shows the original loan amount, date of the loan and the PPI amount at the moment. I have sent off the SAR though. I'll have a root at home to see if I by chance have the original.

 

2.

So can you advise me on the PPI calculation?

- total cost of PPI / total cost of loan * 100 = xx%, workout what XX% is of your PCM [monthly payment] - thats the PPI PCM.

use the staint SOC [spreadsheet] enter EVERY MONTH you paid PPI PCM with the figure into the SOC.-

I'm best waiting on the SAR I think before I attempt this. When you say total cost of loan you mean loan amount plus interest over the entire duration and same for PPI?

3.

I'm not sure how to use it as it says 8%

interest

.

- leave it alone the SOC does it for you.

 

4.

Does this override my published interest from the OC of 7.9%APR or is the 8% in addition to my PPI amount + 7.9%.

- the loan int is taken care of by the PPI PCM calc above

 

5.

My Credit File with Equifax comes up totally clean,

there is no mention of any previus defaults or CCJ including one that is within 2 years.

 

Should I obtain from the other 2 agencies?

- yes at least one more - Done, will be able to access soon

 

Does this mean that should I apply for any credit in the future I could be accepted?

- yes -

Obviously if the Credit check is done with that particular CRA?

I am not about to get my self in any trouble of course!

 

Also what's an SOC? Someone advised me to get one in an earlier post.

 

Once again Thanks you guys! You're a godsend!

[dx100uk]

2.

as long as both figures inc int or not inc int.

 

all you need to know is 'what % the PPI was of the whole loan'

 

5. all cra's should be the same. thats why i say check another.

 

 

dx

[giveITallback]

Hi Checked with another CRA and the CCJ shows up. so they're different.

 

Still waiting for any docs in relation to the SAR.

[dx100uk]

have done your SOC yet?

 

dx

[giveITallback]

Hi,

 

What's an SOC? sorry for my ignorance. I did ask what one was in an earlier post but no one replied.

 

Thanks

[dx100uk]

post 22

 

dx

[giveITallback]

aaahh that's the calculator! I'm waiting for the SAR to come back to determine if it was single premium PPI added to the total debt at the start and then interest applied. I thought that more prudent before using the calculator and sending off something that could end up being wrong and delaying my claim.

[dx100uk]

no its a spreadsheet [schedule of charges]

 

you know what to fill in from post 41

 

the SAR is really in case of PENALTY charges

that would be a sep claim.

 

dx

[giveITallback]

Ok i'll give it a go

 

Thanks

[giveITallback]

Hi,

 

OK so I input each monthly payment date into the spreadsheet up until the account defaulted? What do I do after the point I stopped paying the loan back? It has since been defaulted, court costs applied and I've now been paying this amount back which included PPI to the DCA for 7 years since the date of the CCJ.

 

Regards