PPI Reclaiming Discussion part 4

di3004

redindi2 wrote: »

Di

Patience is truly a virtue!!

and I must agree.:T:T

And wotta a lotta money there?:j:j

You deserve a good holiday now.:beer:

redindi2

If only!!! My life is due to be so busy in the next week or three that a holiday is out of the question. Not that i'm complaining though! :icotbaske:icotbaske:icotbaske

amersall

redindi2 wrote: »

Hi All

New to the site but just to keep peoples spirits up, here's a list of my 'wins', both credit card charges and PPI.

1. MBNA 1 charges £1,350
2. MBNA 2 charges £2,700
3. BC charges £1,000
4. MBNA PPI1 £2,000
5. BC PPI £22,780
6. Barclays LOAN PPI £2,800
7. MBNA PPI 2 £6,000 (ongoing with FOS as understated, quell surprise!!)

I've been reclaiming since approximately June 2007, starting with credit card charges and moving onto PPI. The charges one's were obviously the easier of the two but even then i had to complain to FOS as the companies had underestimated (or not taken into account) card interest. MBNA 1 was the first credit card who paid out (on PPI) approximately 18 months after the first complaint letter after i went to FOS who upheld although i believe MBNA understated the redress by £1,000. Barclaycard originally defended so i went to FOS so Barclaycard time-barred it (totally incorrectly) but eventually as a goodwill gesture and offered £4,400, which consisted of 6 years premiums and 8% flat, not simple. Turned down, so they offered £9,000, which did not include card interest. BC said it was a mistake and offered £22,780 which i gratefully accepted. Barclays Loan to which i complained in March 2008 and time-barred and said it could not find any details, eventually agreed to pay out in March 2010 prior (just) to a FOS adjudicator taking on the case. MBNA 2, same story, complained July 2008, and only in April did they pay approx £6,000 which i have disagreed with for the following reason - MBNA didn't give redress as per FOS guidance, ie to put the customer back in the position they should have been as if PPI had not been taken. For some strange reason, they 'assume' the PPI would be repaid after a certain length of time even though this runs in direct contradiction of 'as if PPI had not been taken', a stance that understates the amount of redress. Moral of the story, don't just accept what 'they' offer as it is almost always in 'their' favour!!

Good luck and don't forget your inv..... bonds!!!!!:rotfl:

:jwell done :money:what a nice little "windfall":beer::beer:

cagneuk

redindi2 wrote: »

Hi All

New to the site but just to keep peoples spirits up, here's a list of my 'wins', both credit card charges and PPI.

1. MBNA 1 charges £1,350
2. MBNA 2 charges £2,700
3. BC charges £1,000
4. MBNA PPI1 £2,000
5. BC PPI £22,780
6. Barclays LOAN PPI £2,800
7. MBNA PPI 2 £6,000 (ongoing with FOS as understated, quell surprise!!)

I've been reclaiming since approximately June 2007, starting with credit card charges and moving onto PPI. The charges one's were obviously the easier of the two but even then i had to complain to FOS as the companies had underestimated (or not taken into account) card interest. MBNA 1 was the first credit card who paid out (on PPI) approximately 18 months after the first complaint letter after i went to FOS who upheld although i believe MBNA understated the redress by £1,000. Barclaycard originally defended so i went to FOS so Barclaycard time-barred it (totally incorrectly) but eventually as a goodwill gesture and offered £4,400, which consisted of 6 years premiums and 8% flat, not simple. Turned down, so they offered £9,000, which did not include card interest. BC said it was a mistake and offered £22,780 which i gratefully accepted. Barclays Loan to which i complained in March 2008 and time-barred and said it could not find any details, eventually agreed to pay out in March 2010 prior (just) to a FOS adjudicator taking on the case. MBNA 2, same story, complained July 2008, and only in April did they pay approx £6,000 which i have disagreed with for the following reason - MBNA didn't give redress as per FOS guidance, ie to put the customer back in the position they should have been as if PPI had not been taken. For some strange reason, they 'assume' the PPI would be repaid after a certain length of time even though this runs in direct contradiction of 'as if PPI had not been taken', a stance that understates the amount of redress. Moral of the story, don't just accept what 'they' offer as it is almost always in 'their' favour!!

Good luck and don't forget your inv..... bonds!!!!!:rotfl:

wow, well done on your dedication and perserverance.

cloggle

robbedofmymoney wrote: »

the figure you should be looking for is as follows, or there abouts

77 payments (up to end of April) at £41.07 = £3,162.39
8% simple interest on each payment from date of payment until end of April = £864.39

total refund including 8% interest should be £4,026.78 and your monthly repayments should go down by £41.07 per month.

this will refund you the ppi you have paid to date, plus the interes you have paid on it, given you 8% for being deprived of this money and then put the loan back to where it should be

good luck, let us know how you get on.

cheers

Thanks so much for the advice - just to let you know I am still waiting for a figure from Lloyds TSB as they mislaid my agreement form for a week and am no apparently stuck in the backlog and have been given various promises of a deadline along the way that have all subsequently been broken but it will be 21 days on Friday since they found my agreement form and actually logged it properly which is the timeline they have set for themselves ... so I am assured I will be given a figure today or tomorrow. So I will keep you posted. Thanks again for your help - you have to have such persistance with these things, I just keep calling them if nothing else than to annoy them.

kelson789

Hi,

I have been fighting firstplus for a few weeks now with regards to PPI mis-selling and finally they have now upheld my complaint.

However, they say it is a FOS regulation that they can only pay the PPI premium onto the loan account and not payable to myself directly.

I'm not sure that this is correct, can anyone help me please.

di3004

kelson789 wrote: »

Hi,

I have been fighting firstplus for a few weeks now with regards to PPI mis-selling and finally they have now upheld my complaint.

However, they say it is a FOS regulation that they can only pay the PPI premium onto the loan account and not payable to myself directly.

I'm not sure that this is correct, can anyone help me please.

Hi there

As you were out of pocket in the first place, due to being mis sold the policy, they must have accepted liability because they upheld this in your favour and it was not a goodwill offer.

As long as there are no missed payments/arrears, you have the right to have the ppi refunded directly to you.;)

BigCraigJohn

Afternoon all, summers here atlast and I feel like reclaiming a bit more while watching the footie

Just wondered does anyone know who the Black horse underwriters were in 2005?

Black horse have given me the details of the original seller who were not covered by the FOS and dont really wanna know about the claim but the FOS said if I find out who the undrewriters were I may be able to go for them.

jo23_3

hi new to site ,need help ,spoken to picture today who say have ceased trading ,we are currently inarrears due to a disability, i have tried to claim on the ppi insurance but was told i was only insured for death as my husband is the 1st named on the policy ,picture are phoning all the time trying to get the arrears out of us ,ive explained our circumstances have changed and they said they would send expenditure forms to fill in .they also gave me the phone number for fsc ,who i have phoned and they said they will post out .

amersall

kelson789 wrote: »

Hi,

I have been fighting firstplus for a few weeks now with regards to PPI mis-selling and finally they have now upheld my complaint.

However, they say it is a FOS regulation that they can only pay the PPI premium onto the loan account and not payable to myself directly.

I'm not sure that this is correct, can anyone help me please.

this is rubbish, you get the ppi you have paid to date, the ppi total is taken off your loan then your monthly payment reduces by the ppi amount.Tell them (if you have no arrears) that you want the ppi payments made to date back to you with interest
http://firstpluscomplaints.co.uk/ take a look here, you will get all the help you need, please post this on the website as this may just be another underhand trick by barclays