* Please HELP * GE and the FSA, or how the FSA responded to the GE charges & the PPI claim

[Munirs]

yes but incomplete

=============

 

I only uploaded the statement showing PPI. Happy to upload more if it's needed

 

however you don't need it follow link 1 below

=============================

 

Ok, will try the link.

 

Btw, how do I get the charges back. I am assuming there is a template for that.

 

Also from memory, do I find every entry in those statments of payments and add them to the spreadhseet, and it will calculate the interest?

 

Thanks so much Dx

[dx100uk]

ppi is covered in link 1 - do the calc then you make a spreadsheet [found at the end]

 

 

charges are a sep claim

list everyone like the PPI individually on this aheet

put THEIR int rate in cell D 15

 

 

This second spreadsheet is a compound interest calculator and can be used both for PPI claims and Charges Reclaims on Revolving Credit Accounts such as credit cards. Compound interest is not an award that fos will give in respect of PPI claims but it can be used in PPI cases that are pursued through the courts. It is the standard sheet that is also used for charges reclaims both on credit cards and loan accounts where interest in restitution is claimed.

 

CISheet v101.xls

 

 

....you need to some reading and self help too of similar threads

 

 

dx

[Munirs]

....you need to some reading and self help too of similar threads

========================================

 

Thanks Dx, looks like will need to burn some midnight oil!

[Munirs]

Hi Everyone

 

I have now completed the PPI spreadsheet. It runs from 2003-2008 when the insurer informed that the PPI expired. I have attached a copy of this letter as pdf too.

 

Note I am attaching the spreadsheet and the statements (single pdf file) here.

 

I would appreciate it if one of the experts here would look at the speadsheet and just eye ball it please.

 

Calculations I have used straight from reading the info on the link Dx kindly provided:

 

A. Original loan amount: 37958.03

B. PPI: 2958.03

 

 

Total A + B : 40556.06

 

2598.03 / 40556.06 x 100 = 6.41%

 

 

Please note, I am thinking of sending a separate claim for other charges like, DD returned and admin fees. This will be done separately.

 

 

Thanks for reading this and specially for your help

[dx100uk]

something is wrong with the sheet I think.

 

 

open a new copy of the sheet

 

 

and copy and paste

date

desc

charge

 

 

cols into it

 

 

leave the claim to date box alone!

[Munirs]

open a new copy of the sheet

 

 

and copy and paste

date

desc

charge

 

 

cols into it

 

 

leave the claim to date box alone!

==========================

 

 

Hey Dx,

 

Done, hope this is ok. [ATTACH]55009[/ATTACH]Thanks

[dx100uk]

dunno what you're doing but try this.

[Munirs]

dunno what you're doing but try this.

==============================

 

Ok, I think the diff is in the dates.

 

I put the Claim From and Claim To date. PS: Claim To: I put AUgust 2008, as that was the date when PPI expired? Is this not correct?

 

Whereas the one you did Dx has end date of today.

 

Which is the valid claim to? and Does the stuff on there look ok to you Dx?

Thanks

[dx100uk]

Hi Everyone

 

I have now completed the PPI spreadsheet. It runs from 2003-2008 when the insurer informed that the PPI expired. I have attached a copy of this letter as pdf too.

 

Note I am attaching the spreadsheet and the statements (single pdf file) here.

 

I would appreciate it if one of the experts here would look at the speadsheet and just eye ball it please.

 

Calculations I have used straight from reading the info on the link Dx kindly provided:

 

A. Original loan amount: 37958.03

B. PPI: 2958.03

 

 

Total A + B : 40556.06

 

2598.03 / 40556.06 x 100 = 6.41%

 

 

Please note, I am thinking of sending a separate claim for other charges like, DD returned and admin fees. This will be done separately.

 

 

Thanks for reading this and specially for your help

 

 

hang on this is wrong...

 

 

you've added the PPI twice!

 

 

total loan is £37,958.03

 

 

2958.03/37958.03*100=7.8%

so 7.8% of 356.14 is 27.78p

 

 

go change your spread

 

 

dx

[dx100uk]

so now 2192.76

that's better!

[Munirs]

so now 2192.76

that's better!

=============

 

Thank God, I consult you Dx

 

Cheers, I'll now send that off to those GE

 

Recorded of course,

 

Thanks again Dx

 

Before I do send that off, I have this question:

 

On the spreadsheet, I only listed all monthly payments made until end of August 2008 when PPI expired according to the insurer. However, I have been making monthly payments after that, until now in fact.

 

Do I also add the payments after August 2008, or as the PPI insurance expired then, I cannot add payments after the August 2008?

[dx100uk]

with an FOS CQ and a covering letter I hope/////////////

 

 

dx

[Munirs]

with an fosicon CQ and a covering letter I hope

 

==========================

 

DX, where can I download a FOS CQ from, and do you have any template on the covering letter. I guess I need to explain why I think PPI was missold?

Thanks

[Baz1994]

with an fosicon CQ and a covering letter I hope

 

==========================

 

DX, where can I download a FOS CQ from, and do you have any template on the covering letter. I guess I need to explain why I think PPI was missold?

Thanks

 

Hi Munirs,

 

Please see attached link regarding FOS questionnaire.

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi/PPI-consumer-questionnaire.doc

 

Cheers

 

Baz

[dx100uk]

expired?

 

did you cancel the ppi?

 

if not its that % of ANY payment made till today

 

not being funny here

 

but you were told to read up on reclaiming.

 

that's several silly mistakes

 

we are not here to nursemaid users

it is a self help forum too

and as a veteran Cagger from 2006 you of all people should be well aware of that

 

your welcome finance thread has everything you need already I see.

http://www.consumeractiongroup.co.uk/forum/showthread.php?391043-Wellcome-Finance-PPI-Questionnaire

 

 

 

dx

[Munirs]

I have learnt a lot from the site, and I do appreciate your and everyone else's help in the matter.

 

Far from being a veteran cagger though. I registered in 2006, but I cannot claim to have read up on every articles since then.

 

I am having to fight on so many aspects different people and companies, I get distracted and I may have been too unable to gather the info by myself solely.

 

I apologies for that. I just wish for time really. One example of lack of time, is this GE matter. I haven't managed to get back to this and do the FOS and the cover letter yet.

 

As I said, I do thank you Dx for your help.

 

Merry Xmas to everyone. Like they say, tomorrow is another day

[Munirs]

Hi Munirs,

 

Please see attached link regarding FOS questionnaire.

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi/PPI-consumer-questionnaire.doc

 

Cheers

 

Baz

 

 

 

 

 

Hi All

 

Happy New year to all caggers!

 

I am putting together the documents for the GE PPI however, I cannot see anywhere any information that would suggest whether the PPI claim can be less than the PPI itself. Let me explain:

 

PPI was for a single cover and payment of £2958.03. HOwever, the spreadsheet I has used shows a total of £2,196, and this includes the 8% interest too.

 

Therefore the PPI is more than the claim amount which has interest?

 

Something doesn't sound right. Or is it all ok, and I am just being a bit dim here?

 

Please help

 

Thanks

[dx100uk]

why have you attached a copy of the blank FOS CQ?

 

 

the only reason you need in there is the agreement PPI box was pre ticked.

 

 

lets go check your calcs and the spreadsheet........

 

 

...............

[Munirs]

the only reason you need in there is the agreement PPIicon box was pre ticked.

===========================================

 

Hi Dx

 

Sorry mate, trust me I am totally clueless in these matters so apologies if I am bit of a hard word

 

I just clicked reply to answer your question. However, I re-read the PPI link from my wellcome one, which you kindly gave the link above, and filled in the cover letter and the FOS questionnaire (not all). In the cover letter, I mentioned three things:

1. PPI was pre-ticked

2. PPI was inappropriate as it was single cover for a joint application

3. Single cover PPI are for a term of 5 year but the loan is 25 years term

 

Hope this is ok.

 

In regards to the spreadsheet, I compared the wellcome to the GE, and the monthly payment seems to be the issue. However, I did use the method that I used with Wellcome.

 

Still trying to work it out. Thanks for looking

[dx100uk]

well there aren't 300 payments on the spreadsheet

so you settled it early?

 

looking at the scan of the agreement

 

its not pre ticked [typed] to me

 

its hand written

 

dx

[Munirs]

well there aren't 300 payments on the spreadsheet

so you settled it early?

===================

 

No,

the payments have been erratic,

with large sums paid too,

since 2009ish when I was in AUstralia, .

 

However, I did not add these to the spreadsheet as I was only counting for payments made until 2008 when the PPI expired on the 30th AUgust 2008.

 

Do I need to add all payments made after this date too?

 

expired?

 

did you cancel the ppi?

 

if not its that % of ANY payment made till today

 

=======================================

 

 

 

Darn it, this answers my questions about whether to include all payments after the PPI expired, I guess. so Amending the spreadsheet now

 

=======================================

 

 

 

Darn it, this answers my questions about whether to include all payments after the PPI expired, I guess. so Amending the spreadsheet now

 

===========

 

 

Ok, adding new payments since 2008 , the new total is 3892.99!

 

I think it's looking more sensible now

 

looking at the scan of the agreement

 

its not pre ticked to me

 

its hand written

 

dx

 

Sorry, I was meant to say that the tick was already there when we received the application form by post. It's not any of our ticks.

 

 

My tick was a lot more messier

 

So that was there already

I actually never saw that until 2008, when another PPI company was trying to get some info on PPIs asked me about it.

 

I wonder whether this PPI box being ticked already

- and I am going on a hunch here but most probably the broker who did this as he was the one who sent me the application form by post, yes I wonder this is a solid point for PPI or is a debatable argument?

[dx100uk]

the PI tick already on the form .. urm..

 

 

you need to prove that

and why, if you remember it,

did you not question it them?

 

 

get me drift?

 

 

dx

[Munirs]

the PPI tick already on the form .. urm..

 

you need to prove that

and why, if you remember it,

did you not question it them?

 

get me drift?

 

dx

 

It is going to be a case for GE to deny the fact that the box was ticked already when we got it.

 

 

However, that's the truth.

 

 

It serves GE well to have PPI ticked and included than it would serve us?

 

 

Why would I be asking for a single cover PPi on a joint loan?

 

 

Clearly, this outlines that GE and their rep hadn't explained PPI to us?

 

Also, why have they not say anything about it, like why have I ticked PPI?

 

Is this not enough?

 

 

Dread to think they'll fail the claim on this

[dx100uk]

they will they always do

 

 

dx

[Munirs]

they will they always do

 

 

dx

 

 

Can I just send the cover letter with all three reasons for miss-selling in it?

 

eg: Ticked but not informed or discussed about PPI at all, PPI not convenient ie single cover, and single cover if for 5 years but loan is 25 years?

 

Anyone used one or more of these points in their arguments for miss-selling, I'd love to know what outcome etc.

 

Any advice is greatly received. Planning to send this off on Friday. Thanks again.