ppi refund calculations help

[surreyguy]

Hi everyone.

 

 

I have been told theres several people on the site who are very helpful with ppi refund calculations

and so I am wondering if I could ask for some help.

 

I have a loan with GE money and they have agreed that my ppi was mis-sold.

 

As it was a single ppi policy

- as in the amount of the ppi was just added to my loan as 1 amount

 

 

the letter from GE states that my refund will be equal to the price of the original ppi + associated interest + stat interest at 8%.

 

Is anyone willing to have a go at the sums for me lol.

 

Loan taken out Dec 2006

Loan amount £10,000

ppi amount £2,740 FOR 5 YRS OF PPI COVER

APR 9.3

 

loan length 12 years

 

payments made 99 - ( 8yrs 3 months)

payments remaining 45 (3 yrs 9 months)

 

Month repayments were £150 per month but have now risen to £167.

 

The loan CANNOT be restructured according to the letter I received from GE so the entire refund due is being sent out to me as a cheque

[surreyguy]

Thanks to anyone who can help.

[f16]

You need the " One and only dx100uk"

 

As I recall this is his area. ...... He will advise you.

[surreyguy]

You need the " One and only dx100uk"

 

As I recall this is his area. ...... He will advise you.

 

hopefully he sees my post and can help me out.

[maroondevo52]

hopefully he sees my post and can help me out.

 

Have asked dx to have a look

[dx100uk]

link I below

 

 

dx

[surreyguy]

Anyone willing to have a go?

[f16]

The link you need is number 2 (in brown) at the bottom of dx100 post.

[dx100uk]

Anyone willing to have a go?

 

 

its really easy if you read the link I posted.

[surreyguy]

Its actually link number 1...

 

However , Its not a link I asked for , its someone who is handy at doing the calculations to have a go and see if Im calculating it right !

[surreyguy]

its really easy if you read the link I posted.

 

Am I on the wrong site? Have I not seen many MANY people get help with their refund calculations?

 

I saw you directing me to your link the first time you posted it!

[dx100uk]

well until you post up what you've calculated

 

 

we don't know!

 

 

all you need is the PPI% calculation

 

 

then that % of anything you ever paid

on each date you paid it

gets put in the spreadsheet right at the end

 

 

and the sheet will tell you.

 

 

dx

[surreyguy]

Its a single premium ppi policy though so percentages dont actually matter.

[dx100uk]

urm yes it does

unless the agreement tells you what part of your PCM was PPI

 

 

dx