MSE News: PPI compensation payouts 'top £3bn'

i have rang my bank Lloyds tsb about ppi and they say they will offer me £3,400. on two loans i had but how do i know im getting the correct amount from them i also have two credit cards with them but they say i dont have any ppi on them owing me how do i know this, im bothered about accepting the offer but dont know if its right or not.

I recently applied to HSBC for PPI on a current loan that is ending soon.

I used the template on this site and explained that I felt hounded into having PPI as back in 2006 I was really struggling financially.

I had trained and qualified as a nurse in 2001 and from that time to 2006 really struggled to get my finances under control. By 2006 the bank told me this was the last time they were helping me and I had to have PPI or wouldnt get the loan. In total my graduate loan was "rehashed" x 5 with the last in 2006.

I expected that HSBC would just look at the last loan but surprise surprise they took into account ALL of the loans from my training onwards which really goes back a total of over 11yrs! I accepted their offer last week for £12,339.30 which as they state in the letter " this figure will effectively return the protection premiums you have paid along with an element of gross interest" which of course is 8%.

THANK YOU SO MUCH MARTIN! WITHOUT YOU GIVING ME THE COURAGE TO MOVE FORWARDS I NEVER WOULD HAVE ACHIEVED THIS. I have multiple health problems and found everything a bit stressful with applying but you made it very easy and I thought if I dont try I will never know.

To all of you out there wondering if you should apply and if its worth it - GO FOR IT. You have everything to gain and nothing to lose except some time filling out the forms on this site. So glad I didnt use one of those claim firms.

This also has given me the impetus to apply for bank charges refund from back then also as I was in considerable hardship during those years and am currently the only wage earner in the house, struggling to remain in full time work due to severe health issues.

TRULY CAN'T THANK YOU ENOUGH MARTIN.:j