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Ims...I need to start a new thread of my own..I have DSAR papers and am claiming back on bhalf of friend..have letter of authority etc

It is from Halifax Bank of Scotland

This is new to me as I will have to request help on that thread as to how to calculate interest etc...I have ALL starting figures for a loan that turned into a consilidatiing loan...need explanation aS TO WHAT THAT MEANS AND HOW IT AFFECTS PPI...CAN YOU OR ANY NICE SITE TEAM OR GAGGERS POINT ME IN RIGHT DIRECTION...MANY THANKS

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Ims...I need to start a new thread of my own..I have DSAR papers and am claiming back on bhalf of friend..have letter of authority etc

It is from Halifax Bank of Scotland

This is new to me as I will have to request help on that thread as to how to calculate interest etc...I have ALL starting figures for a loan that turned into a consilidatiing loan...need explanation aS TO WHAT THAT MEANS AND HOW IT AFFECTS PPI...CAN YOU OR ANY NICE SITE TEAM OR GAGGERS POINT ME IN RIGHT DIRECTION...MANY THANKS

 

 

ofcourse

 

just opull our string.

 

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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okay to cut a long story short...

 

I calculated the actual premiums paid over the last seven years to be approx £190.. and he got an offer in full and final settlement of approx £368.....does that sound about right...would that sound right even if 8% had been taken into account....MBNA

 

or do they play 'games'

 

Thanks

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seems low

 

got a thread started?

 

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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look in my sig below

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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own thread created here

 

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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Many thanks for your help dx100uk

 

I am doing a number of claims for the gent and will be donating to the site by P.O once results start coming in ...

 

Just to avoid confusion this thread WILL be about the refunds from HALIFAX BANK OF SCOTLAND as it appears from SAR that there is an original loan WITHOUT a signature on the Personal Loan Application Form relating to PPI..this has then been subsequently consilidated by 2 further subsequent loans.

 

UNSECURED LOAN-NOT CREDIT CARDS

First loan £5000

Second Loan (Consolidation) £10000

Third Loan(Consolidation) £15000

 

The SAR shows no sig in box for Original PPI

but shows siggys in both subsequent consolidation loan

 

elderley gent states he has no recollection of ever signing for the second 2...

 

The Insurance total for 3rd loan is approx £3500 NOT includind interest...

 

I have not replied with figures yet as concentrating at moment on his MBNA...but shall start on this issue next week...

 

Any advice most welcome...

 

Figures will be given next week

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lol...thanks again dx100uk

 

That is excellent...

 

In the Stat sheet...(1)

Is that appropriate for consolidated loans..I guess that is what was meant when stated as 'rollover loan'..am I correct in thinking that...and would it be the 3rd consolidating loan's details ONLY that would be put into the excel cells

 

/i am referring to Halifax BOS

 

loan 1 was original loan

loans 2 and 3 were consolidating loans...I know this is MBNA thread but the answer would apply generally

 

thank you

Edited by means2anend
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And...how would the above actually be inputted into the spreadsheet 'Statint'...i.e which figures...the £5000, £10000, or £15000 and their associated lump sum PPI's

 

any advice would most grateful and certainly get me off the ground!!!:violin: hee hee

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Hi

 

Can you please post up all of the figures from the loan agreements.

 

Also, do you have the settlement figures for each of the loans and notes of any rebates of PPI which may have been given when the loans were settled?

 

ims

 

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Good Morning ims...thanks for your reply

 

At moment I have not put in an offer and there has been no offer from them as I am at the calculation stage and just received SARs from which the details below are derived...

 

ALL ACCOUNTS ARE NOW CLOSED AND BALANCE IS NIL ...so..... NO SET OFFS!!!

 

THESE ARE ALL UNSECURED LOANS

I have three copies of loans from Halifax...as result of SAR request...2001....2002 and 2004..the first is an original loan consolidated by 2 subsequent loans in 2002 and 2004

 

2001..ORIGINAL loan for 5000...repayment period 3 yrs

DETAILS

cash loan £5000

total charge for credit for cash loan £1229.08

total amount you pay for cash loan £6229.08

 

INSURANCE LOAN(Cash price of Insurance £788.62

TOTAL CHARGE FOR CREDIT FOR INSURANCE LOAN £193.82

TOTAL AMOUNT YOU PAY FOR INSURANCE LOAN £982.44

 

You have to pay total the loan and interest by 36 monthly payments of £200.32

APR 15.9%

Monthly Interest 1.240%

Total Loan £5,788.62

Total Charge for credit for total loan £1,422.90

(The total charge for credit)

Total Amount you pay £7,211.32

 

The 2002 Consolidating Loan is as follows

cash loan £10,000

total charge for credit for cash loan £2,336.60

total amount you pay for cash loan £12,336.60

 

INSURANCE LOAN(Cash price of Insurance £1,877.56

TOTAL CHARGE FOR CREDIT FOR INSURANCE LOAN £438.44

TOTAL AMOUNT YOU PAY FOR INSURANCE LOAN £2,316.00

 

You have to pay total the loan and interest by 60 monthly payments of £244.21

APR 8.9%

Monthly Interest 0.716%

Total Loan £11,877.56

Total Charge for credit for total loan £2,775.04

(The total charge for credit)

Total Amount you pay £14,652.60

 

The 2nd Consolidating loan is 2004

cash loan £15,000

total charge for credit for cash loan £3,166.20

total amount you pay for cash loan £18,166.20

 

INSURANCE LOAN(Cash price of Insurance) £3,149.63

TOTAL CHARGE FOR CREDIT FOR INSURANCE LOAN £664.57

TOTAL AMOUNT YOU PAY FOR INSURANCE LOAN £3,814.20

 

You have to pay total the loan and interest by 60 monthly payments of £366.34

APR 7.5%

Monthly Interest 0.608%

Total Loan £18,149.63

Total Charge for credit for total loan £3,830.77

(The total charge for credit)

Total Amount you pay £21,980.40

The above are all the figures....

 

I know I should input myself but can you tell me what the REFUND would be for him with regards to all of the above...He is coming round this afternoon and it would be nice to give him a figure towards his wifes holiday as they are both in their late 60's...

 

A donation will be given by way of this one as it appears to be quite a lump...I calculated it to be approx 5,200 using Blake Lapthorn calculatorbut whether that uses comopund i dont know....

 

Thanks so much for your time:smile:

Edited by means2anend
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What are the settlement amounts for loans 1 and 2?

 

If loan 3 was paid off early, what was the settlement figure?

 

Were any rebates given for PPI when the loans were settled?

 

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I'll check back on the paperwork...

 

just aside...I have been using the FOS spreadsheet for MBNA credit card...have punched in all dates of charges,description and amount of charges...I have come to the end taken of cust Acct Information...So now which button do I press to get the total including interest...

 

I am leaving the spreadsheet open until I get advice...

 

thanks

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What are the settlement amounts for loans 1 and 2?

 

If loan 3 was paid off early, what was the settlement figure?

 

Were any rebates given for PPI when the loans were settled?

 

 

Where would I find these details....

 

And also just as an aside...I am using the COMPOUND INTEREST-REGULATORY METHOD (SHEET 4).....to calculate an MBNA Credit Card PPI refund claim...I have filled in the columns for 'Date of Charge'....'Description'....'Amount of Charge'...BUT...which button do I click for total including interest...:???:...the other columns just say value...and the top boxes that say TOTAL OF CHARGES still says nil...COMPOUND INTEREST says #VALUE and TOTAL says #VALUE

 

In the column 'Number of Months Elapsed' all the cells below it simply say #VALUE

in the column 'Compound Interest' all the cells below say #VALUE..

 

...I have not got a clue what is going on...thank goodness i am re hydrating on water...otherwise I 'd have a headache..anyway...I'm signing off as I am getting tired and mind is wandering..but dont seem to be going anywhere:ballchain::noidea::deadhorse:

 

I NEED HELP PLEASE ARGGGGGGGHHHHHH!!!...10...9....8...7....6.....5...mmmmm

 

Thanks ims

Edited by means2anend
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Hi

 

The statements should give you the settlement figures of each loan. In some instances they show the adjustment for the rebate of PPI as well, just immediately before the entry for the settlement.

 

As regards the spreadsheet (fosCISheetV101) the #VALUE# error is usually to do with the date format on the first column. Make sure it is in the format dd/mm/yyyy. There are no buttons to press in the spreadsheet.

 

ims

 

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:thumb: thank you so much ims i'll get the date format corrected cos this is what it looked like

 

 

COMPOUND INTEREST CALCULATOR - REGULATORY METHOD

 

 

PERSONAL DETAILS CLAIM CALCULATION

 

Claimant Name: Total of Charges £0.00

 

Lender Name: MBNA

Compound Interest #VALUE!

Account Number:

 

Claim From: 07/05/2005 Claim To: 14/06/2010 Total #VALUE!

 

Interest Rate (APR): 19.90%

 

 

"Date of

Charge" Description "Amount of

Charge" "Number of

Months Elapsed" "Compound

Interest"

 

5/7/2005 POSTED CREDIT INSURANCE FEES £2.80 #VALUE! #VALUE!

3/8/2005 POSTED CREDIT INSURANCE FEES £2.72 #VALUE! #VALUE!

5/9/2005 POSTED CREDIT INSURANCE FEES £2.71 #VALUE! #VALUE!

4/10/2005 POSTED CREDIT INSURANCE FEES £2.70 #VALUE! #VALUE!

3/11/2005 POSTED CREDIT INSURANCE FEES £2.94 #VALUE! #VALUE!

5/12/2005 POSTED CREDIT INSURANCE FEES £2.86 #VALUE! #VALUE!

5/1/2006 POSTED CREDIT INSURANCE FEES £2.78 #VALUE! #VALUE!

3/2/2006 POSTED CREDIT INSURANCE FEES £2.70 #VALUE! #VALUE!

3/3/2006 POSTED CREDIT INSURANCE FEES £2.61 #VALUE! #VALUE!

4/4/2006 POSTED CREDIT INSURANCE FEES £2.85 #VALUE! #VALUE!

3/5/2006 POSTED CREDIT INSURANCE FEES £2.64 #VALUE! #VALUE!

5/6/2006 POSTED CREDIT INSURANCE FEES £2.56 #VALUE! #VALUE!

4/7/2006 POSTED CREDIT INSURANCE FEES £2.63 #VALUE! #VALUE!

3/8/2006 POSTED CREDIT INSURANCE FEES £0.20 #VALUE! #VALUE!

4/4/2007 POSTED CREDIT INSURANCE FEES £19.68 #VALUE! #VALUE!

3/5/2007 POSTED CREDIT INSURANCE FEES £19.03 #VALUE! #VALUE!

5/6/2007 POSTED CREDIT INSURANCE FEES £18.95 #VALUE! #VALUE!

4/7/2007 POSTED CREDIT INSURANCE FEES £18.97 #VALUE! #VALUE!

3/8/2007 POSTED CREDIT INSURANCE FEES £20.51 #VALUE! #VALUE!

4/9/2007 POSTED CREDIT INSURANCE FEES £4.86 #VALUE! #VALUE!

3/10/2007 POSTED CREDIT INSURANCE FEES £4.81 #VALUE! #VALUE!

5/11/2007 POSTED CREDIT INSURANCE FEES £4.75 #VALUE! #VALUE!

4/12/2007 POSTED CREDIT INSURANCE FEES £4.72 #VALUE! #VALUE!

4/1/2008 POSTED CREDIT INSURANCE FEES £4.68 #VALUE! #VALUE!

5/2/2008 POSTED CREDIT INSURANCE FEES £4.65 #VALUE! #VALUE!

4/3/2008 POSTED CREDIT INSURANCE FEES £4.67 #VALUE! #VALUE!

3/4/2008 POSTED CREDIT INSURANCE FEES £4.65 #VALUE! #VALUE!

3/5/2008 CREDIT INSURANCE PLAN COVERAGE £4.62 #VALUE! #VALUE!

4/6/2008 CREDIT INSURANCE PLAN COVERAGE £0.86 #VALUE! #VALUE!

3/7/2008 PAYMENT PROTECTION COVER £0.86 #VALUE! #VALUE!

5/8/2008 PAYMENT PROTECTION COVER £0.82 #VALUE! #VALUE!

3/9/2008 PAYMENT PROTECTION COVER £0.76 #VALUE! #VALUE!

3/10/2008 PAYMENT PROTECTION COVER £0.72 #VALUE! #VALUE!

4/11/2008 PAYMENT PROTECTION COVER £0.66 #VALUE! #VALUE!

3/12/2008 PAYMENT PROTECTION COVER £0.60 #VALUE! #VALUE!

5/1/2009 PAYMENT PROTECTION COVER £0.53 #VALUE! #VALUE!

4/2/2009 PAYMENT PROTECTION COVER £0.51 #VALUE! #VALUE!

4/3/2009 PAYMENT PROTECTION COVER £0.47 #VALUE! #VALUE!

3/4/2009 PAYMENT PROTECTION COVER £0.42 #VALUE! #VALUE!

5/5/2009 PAYMENT PROTECTION COVER £0.38 #VALUE! #VALUE!

3/6/2009 PAYMENT PROTECTION COVER £0.33 #VALUE! #VALUE!

3/7/2009 PAYMENT PROTECTION COVER £0.28 #VALUE! #VALUE!

5/8/2009 PAYMENT PROTECTION COVER £0.22 #VALUE! #VALUE!

3/9/2009 PAYMENT PROTECTION COVER £0.17 #VALUE! #VALUE!

5/10/2009 PAYMENT PROTECTION COVER £0.87 #VALUE! #VALUE!

4/11/2009 PAYMENT PROTECTION COVER £0.86 #VALUE! #VALUE!

3/12/2009 PAYMENT PROTECTION COVER £0.32 #VALUE! #VALUE!

5/1/2010 PAYMENT PROTECTION COVER £0.27 #VALUE! #VALUE!

3/2/2010 PAYMENT PROTECTION COVER £0.22 #VALUE! #VALUE!

3/3/2010 PAYMENT PROTECTION COVER £0.17 #VALUE! #VALUE!

5/4/2010 PAYMENT PROTECTION COVER £0.13 #VALUE! #VALUE!

5/5/2010 PAYMENT PROTECTION COVER £0.10 #VALUE! #VALUE!

3/6/2010 PAYMENT PROTECTION COVER £0.10 #VALUE! #VALUE!

 

 

thanks once again...I shall amend the date column as you mentioned

 

m2ae:humble:

Edited by means2anend
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Hi

 

The statements should give you the settlement figures of each loan. In some instances they show the adjustment for the rebate of PPI as well, just immediately before the entry for the settlement.

 

Thanks for that ims I shall look in the HBOS SAR package to see all available inforation tomorrow...BUT right now I an trying to get to grips with Excel Spreadsheet

 

I am using fos spreadsheet for MBNA credit Card PPI hope that is correct for monthly PPI premiums

 

tnks

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