Ppi Calculation, Help!!!

[conqueror80]

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 settlement of your complaint against HFC. This amount includes the 8% interest. Please help me discover if this offer right. They're also going to deduct it from the loan balance.
Please any ideas.

[Steward]

You can use Google to search the web using these links below:-

[silverfox1961]

Hi,
I'm no PPI expert but it seems to me that you should be claiming the contractual interest and not the statutory interest.

27.9% is much better than 8%

[conqueror80]

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

[silverfox1961]

just giving your post a nudge in the right direction