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

[dx100uk]

post 41

 

work out the PPI PCM [xx%]

 

find every payment you have made to whomever, and its date.

 

work out what [xx%] is of that payment

 

enter that & its date into the SOC .

 

dx

[giveITallback]

Hi,

 

Ok So apply this to all the token payments I've paid to date to the DCA as well since the judgement? I've done the above for the OC. What about future payments then to the outstanding balance?

 

Cheers

[dx100uk]

yes as in post 51 every payment you have made to whomever, and its date.

 

dont worry about the 'future'

that will be removed by the OC

 

dx

[giveITallback]

Hi,

 

OK So I've entered all the details now into the SOC from the payments I've dug out since 2003. I have not had a response yet to my SAR. Is there anything I need to say with the FOS complaint or avoid saying to jeopardise the claim?

 

p.s DX I have now got a copy of the agreement from the DCA's solicitor. Was there a reason you wanted to know?

 

Thanks

[dx100uk]

to check the PPI rate i think.

 

can you attach your SOC

 

dx

[giveITallback]

Hi,

 

I've tried to upload a Gif and a JPG an both have an exclamation mark saying invalid file type? Any advice?

 

Cheers

[dx100uk]

sri i forgot the info

 

 

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

or

convert existing PC files to PDF [office has an installable print to PDF option]

.

'

BUT......

ENSURE: remove all pers info inc. barcodes etc using paint program

but leave all figures and dates. {DO NOT USE A BIRO OR PEN]

.

goto one of the many free online pdf converter websites

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

.

dx

[giveITallback]

Excel and PDF

[dx100uk]

so you paid £70.26 PPI every month?

 

what was your monthly repayment on the loan them?

 

dx

[giveITallback]

Hi,

 

yes I did whilst the account was running. When it went into default the monthly amount reduced to an agreed payment.

 

The Original Monthly payment was for £398.97 after that it dropped to £200 then to £50 and remains at that.

[dx100uk]

ok looks good then.

 

i would however use the description of PPI Premium for all entries

 

dx

[giveITallback]

Hi,

 

ok thanks I've changed that.

 

Anything I need to avoid saying or any tips for the FOS letter?

 

From memory all I can recall is the telephone operator saying that taking PPI would mean I'd stand a better chance of being accepted.

 

There was no information provided for the PPI or what it excluded.

 

I was also self employed and and have a spinal condition that could of affected any claims.

 

Egg Loans shut down sometime ago.

 

Shall I just send it to the same address as I sent the SAR to.

 

Is it likely to be more difficult to obtain a refund due to the age of this?

 

I'm worried that as a CCJ was issued and it's over 6 years they won't provide anything in my SAR request?

[dx100uk]

there is no time limit on ppi reclaims.

 

fill out the FOS CQ honestly

 

if you dont know a Q put N/A or dont know

 

as for the SAR, no idea await and see

 

dx

[giveITallback]

Thanks DX,

 

Can you point me in the direction of a decent template letter to enclose with my claim.

 

I need to factor in to the letter the fact that the account defaulted and a CCJ was obtained.

 

This CCJ amount probably included the PPI loan amount and some interest to the point of default of although this an assumption based on how much I'd paid prior to default and the amount of the judgement.

 

I'll enslose my SOC for the PPI paid by myself to date to both EGG and shoosmiths since the default.

 

How will I work out what they should be deducting from the outstanding CCJ balance which is still around £12,000 from the balance of PPI yet to be paid.

 

I don't want them to fob me off with their calculation

 

Loan Amount £22000

PPI £3874.20

Term 84 months @ 398.97

Payments made prior to default £6782.49

CCJ Amount - £20067.24 not including costs

SOC completed for all payments to date to egg and DCA

Edited October 4, 2012 by giveITallback

[dx100uk]

there is a covering letter on the FOS website.

 

you take your reclaim figure off the total PPI with int

 

that should then be removed from the outstanding.

 

dx

[giveITallback]

The reclaim figure being the one in post #58 including the interest and what calculation do I use for the total PPI with interest please.

 

Thanks

[dx100uk]

there isnt one!

 

you take your reclaim figure OFF the total price for PPI +int quoted on the loan agreement

 

that figure is [obv] whats left as you ain't paid it yet!

 

dx

[giveITallback]

Hi DX as they haven't quoted an interest figure in pounds I wanted to double check how to obtain the interest figure.

 

So its PPI amount x interest % in this case

 

3874.20 x 7.9% = ?

[dx100uk]

yes it looks that way

 

recontruct the loan using the figures in post 64

 

add the ppi to the 22k

 

dx

[giveITallback]

OK I calculated this, hope it makes sense.

 

after 17 payments I had a balance of £21,691.51 I worked out the ppi share of that using previously worked out % to be £3819.78 @ 17.61% meaning they should now deduct that figure from the balance owed to them plus the figure I'm claiming back with interest.

 

Thanks

[dx100uk]

no

 

can you post up the agreement you said the dca sent you please

 

 

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

or

convert existing PC files to PDF [office has an installable print to PDF option]

.

'

BUT......

ENSURE: remove all pers info inc. barcodes etc using paint program

but leave all figures and dates. {DO NOT USE A BIRO OR PEN]

.

goto one of the many free online pdf converter websites

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

.

dx

[giveITallback]

[ATTACH]38636[/ATTACH]

 

Not got it to hand but here's something with all the info. If it's no good let me know, it contains the APR, loan amount, ppi amount and term.

Edited October 5, 2012 by giveITallback

[dx100uk]

please find it if you can

 

dx

[giveITallback]

[ATTACH]38637[/ATTACH]

 

Is this the badger?

[dx100uk]

yep

 

goto pop out

 

but 84 * 398.97 = 33513.48

 

go figure!!

 

dx