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PPI Reclaiming discussion Part II

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  • di3004
    di3004 Posts: 42,579 Forumite
    BIKERCHIC wrote: »
    SENT A LETTER TO RECLAIM PPI ON C/CARD LPF(BARCLAYCARD FINANCE) AND RECEIVED FINAL RESPONSE BACK SAYING ON APPLICATION I HAD TICKED BOX AND IN NOV 2004 THEY HAD SEND TERMS AND COND'S AND MY FAULT NOT READ AND NOT CANX WITHIN 30 DAYS.

    I WAS RECLAIMING BECAUSE I WAS/AM COVERED THROUGH MY EMPLOYER FOR ILLNESS ETC.. AND NEVER ANY MENTION IN EXCLUSIONS THAT IF COVERED ELSEWHERE WOULD NOT BE ELIGABLE TO CLAIM:confused: IF I HAD KNOWN THIS I WOULD OF IMMED CANX THIS SO WILL NOW REFER TO FOS.

    I WOULD ONLY OF KNOWN I WAS NOT COVERED IF I HAD OF MADE A CLAIM:confused:

    LOOKING AT PREVIOUS POST ON THIS SITE CANT SEE IF ANYONE CLAIMING FOR THIS REASON AND WOULD LIKE TO HERE FROM ANYONE THAT HAS


    Right hun, its time to move on to the financial ombudsman service, now that you have received your final response.
    Did they actually mention that you can now complain to the FOS in your letter ?

    They have fobbed you off and you have received a standard response that most have had here.

    Get that complaint form in to the FOS hun.
    And good luck!
    http://www.financial-ombudsman.org.uk/consumer/complaints.htm

    Claim form on the above link.;)

    Di.
    x
    The one and only "Dizzy Di" :D
  • quisait
    quisait Posts: 51 Forumite
    Hi again

    Just phoned Bank of Scotland and was told that my PPI was a single premium policy.

    I am to get a refund that "put me back to a position had I not taken the PPI".

    My original loan was £5000 + £971.68 interest at 5.8% apr.
    PPI was £2131.20 + £414 interest.
    My payment each month was £118.29

    Did find a PPI calculator but not sure what to do with it:(

    What am I likely to get back?
    My loan started in April 05. I had actually opened it in Jan 05 but deferred the start until April 05.

    The loan was then settled in Apr 08.

    Anyone able to give me a clue?

    Thanks
  • di3004
    di3004 Posts: 42,579 Forumite
    quisait wrote: »
    Hi again

    Just phoned Bank of Scotland and was told that my PPI was a single premium policy.

    I am to get a refund that "put me back to a position had I not taken the PPI".

    My original loan was £5000 + £971.68 interest at 5.8% apr.
    PPI was £2131.20 + £414 interest.
    My payment each month was £118.29

    Did find a PPI calculator but not sure what to do with it:(

    What am I likely to get back?
    My loan started in April 05. I had actually opened it in Jan 05 but deferred the start until April 05.

    The loan was then settled in Apr 08.

    Anyone able to give me a clue?

    Thanks


    Well that is good news.:D :beer:
    Did they agree to refund on the basis of mis selling or are they stating as a "goodwill gesture"?

    Right, okay then hun, I am a nightmare even with a calculator lol :eek: , someone is bound to come on here later who will be able to help you more here with your calculations.;)
    Maybe Tiggrae, with a bit of luck.


    Well done hun.
    Di.
    x
    The one and only "Dizzy Di" :D
  • Janebo12
    Janebo12 Posts: 278 Forumite
    Hi again all

    I posted last week to report on success with London and Scottish via the FOS, well today FOS have written to me to say that Halifax, although it accepts no liablility, as a gesture of goodwill is willing to make an offer to settle the complaint!! :j

    Basically it will put me in the position had I not taken out PPI, however they have told FOS that it may take around a month from the date of my acceptance to make payment.

    Only thing is the letter also says that it may be necessary to close the existing loan and process a new loan as part of the process - I am not sure how this would work as I am on a DMP? :confused:

    Anyway, thanks again to everybody on here (including M.colak who I know doesn't post much anymore but was a big help on this one when I started it!) and especially thanks to you Di as thanks to you I have been fast-tracked on both my complaints with FOS - I wouldn't have known about that possibility without you.

    Will post again when I get some figures.

    Regards
    Amanda
    Thrifty Gifty February make £20 challenge £21.05/£20.
  • BIKERCHIC
    BIKERCHIC Posts: 34 Forumite
    di3004 wrote: »
    Right hun, its time to move on to the financial ombudsman service, now that you have received your final response.
    Did they actually mention that you can now complain to the FOS in your letter ?

    They have fobbed you off and you have received a standard response that most have had here.

    Get that complaint form in to the FOS hun.
    And good luck!
    http://www.financial-ombudsman.org.uk/consumer/complaints.htm

    Claim form on the above link.;)

    Di.
    x

    Thanks for that di3004 and yes they have advised FOS and will get form off today
  • di3004
    di3004 Posts: 42,579 Forumite
    Janebo12 wrote: »
    Hi again all

    I posted last week to report on success with London and Scottish via the FOS, well today FOS have written to me to say that Halifax, although it accepts no liablility, as a gesture of goodwill is willing to make an offer to settle the complaint!! :j

    Basically it will put me in the position had I not taken out PPI, however they have told FOS that it may take around a month from the date of my acceptance to make payment.

    Only thing is the letter also says that it may be necessary to close the existing loan and process a new loan as part of the process - I am not sure how this would work as I am on a DMP? :confused:

    Anyway, thanks again to everybody on here (including M.colak who I know doesn't post much anymore but was a big help on this one when I started it!) and especially thanks to you Di as thanks to you I have been fast-tracked on both my complaints with FOS - I wouldn't have known about that possibility without you.

    Will post again when I get some figures.

    Regards
    Amanda


    Hi there Amanda
    And WOW, well done !!!:j :beer: :D .

    I am at the process of requesting for fast track on my recent complaints with the FOS, glad it helped, brilliant.:D :j .

    Regarding your question about the new loan, Tiggrae will possibly give you the best advice here, maybe Marshallka as well. Good luck with this one hun, this is great news.;)

    Di.
    x
    The one and only "Dizzy Di" :D
  • di3004
    di3004 Posts: 42,579 Forumite
    BIKERCHIC wrote: »
    Thanks for that di3004 and yes they have advised FOS and will get form off today


    Your most welcome too hunni and the very best of luck!:D

    Di.;)
    x
    The one and only "Dizzy Di" :D
  • marshallka
    marshallka Posts: 14,585 Forumite
    amtrakuk wrote: »
    Thanks for the link. My single monthly payment was £236.39. Im guessing the £32.39 was the PPI which near enough matches with the amount I was told on the phone.

    While I was on the phone I asked how much PPI I paid. I was told it was 38 months. She confirmed it was PPI x 38.
    So yes if you paid them £204 plus the PPI this does match then. I thought your repayments were £204 as you stated. Then go ahead and get reclaiming. Just wanted to get it right for you to save you time complaining about a certain agreement that did not have PPI and getting them confused.:D You must have had a seperate agreement and then paid the two together.
  • marshallka
    marshallka Posts: 14,585 Forumite
    quisait wrote: »
    Hi again

    Just phoned Bank of Scotland and was told that my PPI was a single premium policy.

    I am to get a refund that "put me back to a position had I not taken the PPI".

    My original loan was £5000 + £971.68 interest at 5.8% apr.
    PPI was £2131.20 + £414 interest.
    My payment each month was £118.29

    Did find a PPI calculator but not sure what to do with it:(

    What am I likely to get back?
    My loan started in April 05. I had actually opened it in Jan 05 but deferred the start until April 05.

    The loan was then settled in Apr 08.

    Anyone able to give me a clue?

    Thanks
    I would wait for them to make the offer and post it on here for someone to check. You need to post the details of the loan and how many payments you actually made and if you paid it off early etc and also how long over. You need the PPI and the interest back so be very wary of accepting before getting it checked. You need more details posting on here.

    Well done for winning.:j
  • di3004
    di3004 Posts: 42,579 Forumite
    Phew.......:rolleyes: , just been scanning documents to my computer for the FSCS, all done and sent now.
    Its only underwriters paperwork but they do state the name of the firm who dealt with the policy. (Twopart/Eloan), hopefully this will be okay because I have nothing else.:confused:
    The one and only "Dizzy Di" :D
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