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  • #106
    Re: Jill7286 Diary

    Originally posted by jill7286 View Post
    The balance is approx £2600

    Opened the account in 2002 and last made a payment in jun 2010. Last full payment was made in jul 2003
    so if you only made 1yrs payments on a 2600 debt, the PPi will not refund and clear the debt total.....

    Assuming your reduced payments for a few years, that would not include PPi - just repayment of debt!
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    • #107
      Re: Jill7286 Diary

      Originally posted by Never-In-Doubt View Post
      so if you only made 1yrs payments on a 2600 debt, the PPi will not refund and clear the debt total.....

      Assuming your reduced payments for a few years, that would not include PPi - just repayment of debt!
      Sorry, the original loan was for £4600 which had £1163 added on top for insurance. With everything including interest it equated to £8902, full payments were made for 18 months.

      The balance outstanding now is £2600.

      Thanks

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