PPI calculations

[bembles27]

Hi I'm new to this forum thing and was wondering if anyone could help me.

 

I've heard from the FOS that Barclays are now willing to settle my ppi claim but I'm wondering how this will be calculated, this is where I could use some help.

 

Let me explain a few details:-

 

I took the loan out with Barclays in 1999 the ppi was added to the loan along with interest.

 

I made payments for 40 months before I got into financial difficulty and I contacted the CCCS through whom I continued to make reduced payments until the loan and PPI was fully paid off in dec 2011.

 

So my question is how would they calculate the claim. Would they deduct the total amount on the ppi as soon as it was paid in full back at the beginning of the loan or would they calculate the percentage of the ppi to loan payment and work any refund accordingly? does that make sense?

 

apologies if thats not explained very well

 

Thanks:|

[ims21]

Hi and welcome to CAG.

 

I have moved your thread to the PPI forum.

 

Simply put, each repayment of the loan that you made included an amount towards the PPI part of the loan and the redress will be calculated on the basis of the repayments you actually made.

 

Have a read of No.1 in my signature below as it is all explained there. If you have further questions or need help with the figures just shout here.