OD PPI reclaim - now at Calculation Stage

[city128]

Hi, can anyone tell me what it means if your PPI claim is at the 'calculation stage' of the investigation please?

 

Thanks in advance.

 

C

[martin2006]

Looks like they are calculating how much you will be getting back.

 

has this gone through FOS or still with the original organisation?

 

the following link may shed some light on where your claim is at

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi/redress.html

[city128]

Hi There it's still with the original organisation. We've not got to the 8 weeks yet either. ....

[martin2006]

Then i would suggest you may well be getting refunded, what else would they be calculating if not a refund?

[city128]

I agree.

 

 

Thought I would check so I don't get my hopes up!

 

 

Can't imagine what else they would be calculating.

Happy days again - hopefully

[dx100uk]

hope you've got all the statements

to check they are not short changing you when you do get an offer?

 

 

dx

[city128]

Certainly have dx

[dx100uk]

Oso off to do the spreadsheet then

You should be telling them

Not them telling you

 

What's the account type?

[city128]

Overdraft PPI from 1997.

 

 

Got all statements right back to when I opened the account until they changed their policy on overdraft PPI in 2014.

[dx100uk]

so CISHEET

enter their AVG int rate {APR} for every year in cell D15

 

 

enter every PPI payment

on its own line

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

[city128]

Thanks very much dx will do.

[city128]

So, I have filled in the spreadsheet and would be very happy with the refund as per my calculation....

[dx100uk]

Attach it here

Upload

[city128]

Hopefully attached!

attachment.xls

[dx100uk]

have you not got the actual PPI figures?

 

 

dx

[city128]

They are the figures for each ppi entry on my bank statements. Should I have some other figures too?

[dx100uk]

no just very rare for them to be whole pounds

strange

ok all done then

 

 

dx

[city128]

I think it's because the cost was 80p for every £100 of overdraft limit so makes a nice round figure! I'm on a mission so just about to create a new thread about 247moneybox!!

 

PS thanks for your help

[martin2006]

Just dont overload yourself, slowly slowly catchy monkey

[city128]

apparently I had 3 ppi policies on this account.

And they have confirmed that my complaint has been upheld on all of them.

Just waiting now for the refund. ....

[dx100uk]

3?

 

 

strange again.

 

 

who is this?

 

 

not ruddy HSBC and their merged loan debacle is it?

 

 

sounds like its 3 sep debts merged into an overdraft?

 

 

dx

[city128]

Hi dx. Seems to make sense. OD started at a certain level and was increased twice so seems that a new ppi policy was created each time. There's no debt with this one and the account is still active.