Interest On Ppi Paragon Finance (formerly Universal Credit) PPI Reclaim

[TINK660]

Hi all

Just a quick question - how do you calculate interest on the PPI payments that you have made

Cheers

[itsmeandonlyme]

Hello Tink,

 

I use spreadsheet:))))...if you let me know how much was your PPI, interest, start date, monthly repayments...i ll help you with the spreadsheet...

 

 

regards,

 

Itsme

[TINK660]

thanks itsonlyme

 

The loan was for £6500 from Paragon Finance (formerly Universal Credit)

The amount of the PPI was £1795.20

The payments were £166.23 plus £29.92 per month for the PPI and it was for 60 months. The APR was 19.95%.

The start date was 05/10/1998.

 

Cheers for your help - much appreciated

[TINK660]

Bump

[itsmeandonlyme]

Tink, i ll try to make a speadsheet for you by friday:)))

 

 

Maria

[TINK660]

THank you itsmeandonlyme

[TINK660]

Bump

[TINK660]

Did you manage to do a spreadsheet yet itsmeandonlyme?

[TINK660]

Paragon have repeatedly ignored my letters regarding my claim that they mis-sold me ppi insurance, what is my next step. The loan was taken out in 1998 which is obviously over the 6 years - can I go back this far with a ppi claim?

[majik]

I would send them a letter obtaining either proof of postage or by registered post giving them 14 days to acknowledge or you will take it through the courts.

 

They should reply and then take it from there etc.

 

You can also try the FSA and OFT as they are surely breaching there T & C's by ignoring your requests etc.

[TINK660]

No satisfactory reply on this one so filled in form for FLA as it doesn't fall within the scope for FOS.

To be fair, although I havent heard good reports about FLA they responded extremely quickly saying that they have written to Paragon and within a week a had a letter from Paragon to say they are looking into it.

I know that the FLA cant make a decision but they said that they will work with me on it and advise accordingly.

Letter received today from Paragon saying that as it was through Midland and General I should approach them, as Paragon are not responsible.

At least Paragon are responding quicker with the intervention of the FLA as I did not even receive replies from them when I did it solo!

 

Will update accordingly - I have quite a few on the go now!

[landy_alert]

Hi Tink:)

 

I can't offer any advice with this I'm afraid, but was curious about your involvement with the FLA as I may have to go down that route for the first time soon.

 

I've had a look at the FLA online form but was wondering how you get on with sending supporting documentation to them? Do you fill out the online form and submit it then await their request to supply them with further evidence? I have a mountain of paperwork to support my claim and there's no way they could reach a decision without having access to it:-?

 

Apologies for hijacking your thread and good luck with your claim. At least so far the response generated from the FLA's involvement seems positive!

 

Regards,

 

Landy x

[TINK660]

Hi Landy

 

I am just at the first stages with the FLA, positive start though - very quick to respond. All I did in the first instance was to fill in the online form and submit it - received an email response very quickly and a response from Paragon within the week. I will keep you posted about how it pans out but I feel that all avenues are worth a try. I guess if they want further information from me they will request it. I also submitted an online form about GE Money (Debenhams) and received a quick response from FLA on that one as well - although I havent heard from GE yet. I have a mountain of paperwork on this one too!

[landy_alert]

Hi Tink:)

 

Many thanks for the info - it's good to hear that the FLA are at least worth a try. Like yourself, I have a whole stack of paperwork which I had already copied ready to send to the FOS, who then said they couldn't investigate this one. I was just concerned about how the FLA would be able to investigate properly without that supporting evidence, but as you say I'm sure they will request it as and when it's required.

 

I'll follow your progress with interest - thanks again!

 

Regards,

 

Landy x

[TINK660]

Quick reply from Paragon, however only to say that as my agreement was with Midland and General it is them that I should approach - FLA also sent me a letter saying that I should approach Midland and General - so I have now sent them a letter and copied it to the FLA as requested.

 

In my experience so far intervention from the FLA certainly gets quick responses and more information that I could gain myself. So thumbs up so far for FLA!

[alanalana]

Quick reply from Paragon, however only to say that as my agreement was with Midland and General it is them that I should approach - FLA also sent me a letter saying that I should approach Midland and General - so I have now sent them a letter and copied it to the FLA as requested.

 

In my experience so far intervention from the FLA certainly gets quick responses and more information that I could gain myself. So thumbs up so far for FLA!

 

With you on this one as well

 

aa

[TINK660]

No reply yet from Midland and General, just a thought - does this change things with me being able to take it to the FOS - I might give them a call to find out.

[TINK660]

Received letter from GE Money (they must have taken over Midland and General).

 

Another bunch of imcompetant idiots, they have replied saying they are looking into my complaint on loan account no. .........

I made it quite clear in my letter what loan account I was complaining about and it wasnt this one!

 

Letter gone off detailing loan account number in BIG BOLD LETTERS in case they have difficulty reading it again.

[alanalana]

Received letter from GE Money (they must have taken over Midland and General).

 

Another bunch of imcompetant idiots, they have replied saying they are looking into my complaint on loan account no. .........

I made it quite clear in my letter what loan account I was complaining about and it wasnt this one!

 

Letter gone off detailing loan account number in BIG BOLD LETTERS in case they have difficulty reading it again.

 

Keep at them

 

aa

[TINK660]

I had PPI with Paragon from 1998 to 2004 and tried to claim back,

I was passed from pillar to post

Paragon saying that Midland and General were responsible and vice versa.

 

 

Eventually in 2011 I had to stop trying after they said that my claim would not fall within the jurisdiction of the Financial Ombudsman

and my husband suffered chronic heart failure followed by my son with a brain tumour.

 

 

We have only really got back on our feet after having to raise money to take our son to America for surgery

and I thought I would re-visit this claim in view of the Plevin v Paragon case.

 

 

They have replied saying

"that their position remains unchanged and with regard to my comment relating to the recent Pluvin v Paragon court case

we would mention that your claim is time barred and therefore cannot be pursued through the country court."

 

 

Any suggestions,

 

 

do I abandon this or what are my next steps.

 

 

Thanks.

[dx100uk]

When did you try before?

DX

[TINK660]

It was in 2011.

[dx100uk]

this one

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?90034-Interest-On-Ppi-Paragon-Finance-(formerly-Universal-Credit)-PPI-Reclaim

[TINK660]

Yes, that's the one, it went on and one until 2011 when I had to give it up.

[dx100uk]

well its not time barred so they can go fly that kite elsewhere.

 

 

so did you even sar them and get the undewriters/brokers sheet

from M&G