Tweet
Loan-Related PPI Spreadsheets for Evaluating Redress Offers
Loan-Related PPI claim settlements should be calculated according to the current FCA rules, and the methods prescribed in the FCA's PPI Redress Handbook (PS10/12) are shown in Appendix 2. This spreadsheet has been developed from these somewhat simplistic examples in order to calculate real claims - as opposed to the limited "Toytown" examples given - yet it is based fully on these examples, and is thus fully compliant with the PPI Redress Handbook.
The thing to remember about spreadsheets is that they may look like complex forms to fill in, but they are not. They do all the calculations for us - but they do need to have the information fed into them first !!! Doing this needs the claimant to assemble their records - preferably account statements - and carefully enter in the data. This doesn't need maths skills - just a slow and steady repetition of punching in the numbers. It is tedious, but it has to be done. Once you have entered 2 or 3 lines of data, you will quickly get the hang of it. I'm sorry - but the spreadsheet cannot do this for you.
This spreadsheet program calculates PPI reclaims on loan accounts where a single PPI premium was added to the loan, and then paid for along with the regular loan repayments. Please have a read of the "Instructions for Use" first, though - just to get the general idea of what to do. Then if you have any problems along the way, go back to these and read more slowly to find the solution. If you still can't sort it, then post a query, and we'll see if we can.
There are various other ways to adapt these spreadsheet programs to suit specific needs - but these will need some one-to-one help within the forum. The less data that you have, the more we will need to adapt - but we can usually do so in a way that challenges redress calculations properly.
Bon voyage - et bon marché !!!
The thing to remember about spreadsheets is that they may look like complex forms to fill in, but they are not. They do all the calculations for us - but they do need to have the information fed into them first !!! Doing this needs the claimant to assemble their records - preferably account statements - and carefully enter in the data. This doesn't need maths skills - just a slow and steady repetition of punching in the numbers. It is tedious, but it has to be done. Once you have entered 2 or 3 lines of data, you will quickly get the hang of it. I'm sorry - but the spreadsheet cannot do this for you.
This spreadsheet program calculates PPI reclaims on loan accounts where a single PPI premium was added to the loan, and then paid for along with the regular loan repayments. Please have a read of the "Instructions for Use" first, though - just to get the general idea of what to do. Then if you have any problems along the way, go back to these and read more slowly to find the solution. If you still can't sort it, then post a query, and we'll see if we can.
There are various other ways to adapt these spreadsheet programs to suit specific needs - but these will need some one-to-one help within the forum. The less data that you have, the more we will need to adapt - but we can usually do so in a way that challenges redress calculations properly.
Bon voyage - et bon marché !!!
Comment