Ppi Calculation, Help!!!

conqueror80 · 29th January 2010, 10:22

I took a loan with HFC. Total amount plus ppi 10552.31 at 27.9% APR over 72 months. Total amount payable after 72 months would have been almost 20000. I have challenged the PPI and put in a claim. By the way the account is now in dispute over some technicalities. They cannot issue a copy of the executed agreement and those they've tried to send me all have wrong figures! In response to my PPI claim they wrote and said; I am prepared to offer you an ex-gratia payment of 2536.77 in full and final autolinker.com autolinking image

settlement of your complaint against HFC. This amount includes the 8% interest autolinker.com autolinking image

. Please help me discover if this offer right. They're also going to deduct it from the loan balance.
Please any ideas.

silverfox1961 · 29th January 2010, 10:44

Hi,
I'm no PPI expert but it seems to me that you should be claiming the contractual interest autolinker.com autolinking image

and not the statutory interest.

27.9% is much better than 8%

conqueror80 · 29th January 2010, 17:45

Thanks silver fox. I just need more info on what procedures to adopt. Anyone please.

silverfox1961 · 29th January 2010, 19:20

just giving your post a nudge in the right direction

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