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MBNA PPI reclaim help please


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I am gonna forget about this for a couple of days and then start again with HBOS ppi single premium...hee hee more fun

 

I will put in a donation once the counter offer is accepted and it will be by postal order from my username in the corner just to show sincereity....

 

thnks guys!!!

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Yes...I will NOT use the missing months to show reasonableness what do you think ims?

 

...The Period from 06/10/2003 ....To.....-05/07/2005

 

OR do you think that that would be a size-able chunk...bearing in mind the above figures?

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Ask them for the detailed breakdown of their offer to see what they have included.

 

Also ask them what they have done about the charges for which you have not got statements and what they propose to do to make it an equitable settlement

 

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FINAL ANALYSIS

MBNA offer was £330.01 after only 3 weeks from a written letter by me to them on bhalf of friend....

 

They moved swiftly

 

Offer too low....Offer has been calculated on this thread with stat int to be £399.64..MINIMAL

 

Statements for Periods between 06/10/2003-05/07/2005 not supplied therefore unaccounted for....

 

ACTUAL REFUND should be in region of £475.00-£500.00...estimated guess

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I have compiled a letter stating that the above is unsatisfactory and that a fuller breaksown is required and that xx amount of months are missing/unaccounted for when they sent SAR....

 

sent it off yesterday with nonsense cheque...

 

I shall post up the reply AND amount OR referral to FOS.

 

 

Just a quick question...

 

What category does PPI payments/CI from customer DEDUCTED from account fall into.

.i.e Balance Transfer...Cash Advances...Retail...Purchase...etc..

 

The reason is that I can then tell at a glance which APR applied to it at any particular time as opposed to Introductory Rates...

 

Thnks for all your help...

:-)

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Good evening ims21

 

Just a little insight if you can....

 

How would you calculate repayments PPI from 06/10/2003 to 05/07/2005 when there are no monthly statements for that period yet evidence is present that PPI WAS added to account on that date....

 

The PPI has been calculated FROM 05/07/2005 until 03/06/2010 as all statements were provided for that date apart from some missing about 8 in between these 2 dates...

 

So i guess then ...how would you calculate unknown figures from 06/10/2003-05/07/2005..or what 'common sense/figures' would you use..

 

AND...the missing months in between 05/07/2005 and 03/06/2010/figures would you use...

 

Thank you

m2ae:-)

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i thought we'd already been through all these questions once already?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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:lol:we all get in that position ....

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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How does one actually proceed to use method to work out refund plus CI plus Stat Int for missing months...surely the final total depends on compounding...and to take an average would be to discount that comopunding would it not....

 

For example 06/10/2003 - 05/07/2005 were not even in the monthly statements so have no figures at all for that period

 

05/07/2005-03/06/2010 there are figures except for 7 months in between that are missing...so surely the method for calculating both periods would be different...05/07/2005-03/06/2010 will obviously have figures either side of the missing months and so an average CAN be taken whereas not for period 06/10/2003-05/07/2005 for the period 06/10/2003-/03/06/2010

 

Any advice most helpful on this matter as I can then begin to start putting in a figure. for MBNA if they come back again with a nonsense offer..and use the method on my HBOS PPI thread without having to clog up your time:oops::-)...and also this is probably a common question for most caggers who can learn from this thread how to apply the 'method'

 

Thank you

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For the first batch of missing months, take the statements from 5/7/05 to the beginning of the next break. Work out that average monthly premium and use that for the first of the missing months.

 

For the 7 month missing period, take the statements from the end of that missing period to 3/6/10 and work out the average monthly premium from this and use that as the monthly premium for the missing 7 month period.

 

Don't forget, you are not going to be entirely accurate here...you just want get an idea of what the claim might be so that you can take a view on any offer that might be made.

 

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