PPI Reclaiming Discussion part 4

halphy

kanehodges wrote: »

hi i do work for a company that claims back ppi.

No win no Fee
No upfront fee

i have a 98% sucess rate. the only problem with going to the banks or lenders yourself is that you wont recieve the full amount or the compensation and commission that was charged. in most cases this more than covers our charges anyway. i will gladly help if you ever get stuck just message me or call us

01604 602919

We seem to be doing alright on our own

BigCraigJohn

Ignore its spam.

Do it your self and you will get every penny back, use 1 of these companies and they are gonna want paying.

halphy

Totally, I wouldnt touch them!

amersall

trish123 wrote: »

Hi again,now i have calmed down a bit and re read my lettter from Alliance and leicster i noticed i have only been paid out on one account.When i wrote my letter i put down two accounts that i had been missold ppi on.The one they have paid out on is the most recent one which ended in 2004.My question do you thiink i will hear about the other account or should i have written about them seperately and should i phone up tomorrow and enquire about it or do you think because that one ended in 2000 im not getting it.Sorry about this but another question when u are getting paid back on a ccc do the take the interest from the time the card was taken out or just on the last 6 years.TIA everyone xx

Hi there,i did 2 loans for a friend and put them both on the same letter. they were both dealt with.also i had 3 with one company and put them all on one letter so dont worry yet, and i won with a loan in 1999 so i wouldnt have thought that was the reason you have not heard about the second one.To put your mind at rest ring them and ask then you will know for sure, good luck x

di3004

Hi amsersall, hope you well.:D

Wonder if you could please check nanna's post "catalogue insurance", this was in regards of an offer nanna made but they would not accept it, I told nanna I would ask you to take a looksie for her, if that is okay?:D:A, thank you.;)X
Nanna's post/thread here:
https://forums.moneysavingexpert.com/discussion/2553065

polkadot

Hello everyone

Got a response from Lloyds TSB today. Im a bit confused because I dont recall posting a claim for both the loans as I thought I'd wait for the SAR as DH couldnt recall the details of the first loan,and I dont have a proof of postage for that one either.

Anyway, they rejected that one.It was the first loan and the PPI amount was £1055.34. The rejection letter gives the whole "our sales staff are trained to go through all the screens and follow the onscreen prompts etc"-do I send them another letter (or the questionnaire again) asking them to reconsider? Or do I go straight to the FOS? If so, what do I say (cover letter)?

They have upheld the complaint for the second loan which had PPI of £3265.79 :T But I'm curious about the letter and wondering if I understand it right, and if it's the best deal we'll get?

The offer:

I have decided to uphold your complaint and offer to settle in the following manner which is in line with the standard redress remedy recommended by the FOS. I propose to:
A)Calculate a refund of the PPI monthly payments that you have paid to date and
B)calculate simple interest at 8% per annum on each of the monthly payments.

If you would like a clearer indication of the PPI monthly payments you have paid to date, please see your original cca you received when taking out the loan....
The 8% simple interest amount will then be calculated when I receive your acceptance. This will only be processed at this point to ensure the figure is calculated accurately.

Should you choose to accept this offer, I will instruct the loan service centre to pay this into the bank account which pays the loan and to amend your existing loan to reduce the monthly repayment . The new monthly repayment will reflect what what your loan repayment would have been had you not purchased the PPI

The letter goes on to remind me that this would be what the FOS would recommend.

Our CCA shows that the current monthly repayment for the cash loan is £254.01 and the PPI loan is £75.41, giving a total monthly repayment of £329.42. Can I assume that once this is resolved, our monthly repayment will then only be £254.01?
the loan was taken out on 16/04/2008, so I calculate 28 months that we've paid into it-giving a total PPI repayment of £2111.48? So what are they offering regarding the 8% simple annual interest? This is what I cant get my head around.

The other thing is we have a rather large ongoing overdraft-on the account that pays this loan...so would they repay into this account? We have no defaults or late payments on any LLoyds products? According to snowball, we want to pay Argos and his Barclay card credit card first-so thats where this money would go? Is that going to be possible?

Goodness, Di I think Ive given you a good ear bending there?

Hope you can help me this time round you've been a star and I thank you so much for holding my hand through this process.

robbedofmymoney

polkadot wrote: »

Hello everyone

Got a response from Lloyds TSB today. Im a bit confused because I dont recall posting a claim for both the loans as I thought I'd wait for the SAR as DH couldnt recall the details of the first loan,and I dont have a proof of postage for that one either.

Anyway, they rejected that one.It was the first loan and the PPI amount was £1055.34. The rejection letter gives the whole "our sales staff are trained to go through all the screens and follow the onscreen prompts etc"-do I send them another letter (or the questionnaire again) asking them to reconsider? Or do I go straight to the FOS? If so, what do I say (cover letter)?

They have upheld the complaint for the second loan which had PPI of £3265.79 :T But I'm curious about the letter and wondering if I understand it right, and if it's the best deal we'll get?

The offer:


The letter goes on to remind me that this would be what the FOS would recommend.

Our CCA shows that the current monthly repayment for the cash loan is £254.01 and the PPI loan is £75.41, giving a total monthly repayment of £329.42. Can I assume that once this is resolved, our monthly repayment will then only be £254.01?
the loan was taken out on 16/04/2008, so I calculate 28 months that we've paid into it-giving a total PPI repayment of £2111.48? So what are they offering regarding the 8% simple annual interest? This is what I cant get my head around.

The other thing is we have a rather large ongoing overdraft-on the account that pays this loan...so would they repay into this account? We have no defaults or late payments on any LLoyds products? According to snowball, we want to pay Argos and his Barclay card credit card first-so thats where this money would go? Is that going to be possible?

Goodness, Di I think Ive given you a good ear bending there?

Hope you can help me this time round you've been a star and I thank you so much for holding my hand through this process.

hi, a couple of bits of information.

the way they are calculating htis is correct, and oyu are correct in assuming that your monthly loan repayments will go down to £254

in terms of oyur refund, you are correct in your assumption that you will get back 28 monthly payments of £75.41, they will then add 8% simple interest on this from the date of each payment ot the date of settlement,

in your case the 8% will be approximately an additional £204

well done on your award and getting your money back.

:beer::beer::beer:

polkadot

Thank you Robbedofmymoney. So you are confident that this is the best deal and that we should take the offer then? It is a rather liberating feeling If I am looking at £2300 (roughly, thats Argos, barclays and half of Lloyds gone :j You dont have any answers regarding the overdraft do you?

And then the other loan?

robbedofmymoney

polkadot wrote: »

Thank you Robbedofmymoney. So you are confident that this is the best deal and that we should take the offer then? It is a rather liberating feeling If I am looking at £2300 (roughly, thats Argos, barclays and half of Lloyds gone :j You dont have any answers regarding the overdraft do you?

And then the other loan?

sorry i can't help on what they will do once in your bank account, i have not had any experience of it.

di3004

Hi Polkadot, sorry my globe went off when replying to you so I will start again.......:D.

First of all, not a problem, your most welcome , and Congratulations on your success.:T:beer::j

I see Robbedofmymoney have worked that one out for you.:T

Now with the other one, I would make a point due to them rejecting this, that you are baffled that they upheld on one and not the other, yet for the same reasons.
Tell them you don't believe this rejected complaint was investigated properly, and the FSA are punishing banks for rejecting genuine complaints.

I would actually email them on this and copy it to the Chief Executive officer (CEO), Robbedofmymoney will tell you, this normally works.;)
[EMAIL="Customer.Care.Insurance@lloydsTsb.co.uk"]Customer.Care.Insurance@lloydsTsb.co.uk[/EMAIL]

[EMAIL="eric.daniels@lloydstsb.com"]eric.daniels@lloydstsb.com[/EMAIL]

Ask that they confirm they have received your email and that they will be looking into it, also ask that they let you know by 7 days, because otherwise you will be complaining to the FOS, with your evidence you have, and you will also be requesting for further redress for the inconvenience and distress this have caused.

Hope this helps.;)X