PPI Reclaiming Discussion part 4

di3004

bugsy161 wrote: »

Di,

Are you online now?

LOL yes I am........:D just signed back in.;)

bugsy161

di3004 wrote: »

Hi Bugsy

Wow, I do hope its good news, I shall be here at some point tomorrow. Catch you then.;)X

Got to tell you now if you have 5 mins

di3004

bugsy161 wrote: »

Got to tell you now if you have 5 mins

oh yes please do tell me.:j

bugsy161

di3004 wrote: »

oh yes please do tell me.:j

To cut a long story short the Ombudsman has found in my favour.
They have stated that Lloyds failed to advise and inform me properly.
Lloyds will have to reconstruct my account from October 1987 and reimburse all of my card PPI payments plus interest and charges. They will have to add 8% on any credit balance for any period.
They have also said that Lloyds should assume that I would have made the same payment each month even if the PPI had not been added therefore removing any interest and charges that would not have applied if these paymens had reduced the balance by more because no PPI premium was added.
I have also been awarded a £200 distress payment.
It is the result I wanted and I will send the acceptance, recorded delivery, tomorrow.
Havent a clue what the final ammount will be but all I can say is that the average PPI payment over the 20 years was about £40 per month!!!!!!!!!!
Will keep you updated.
A big thank you and a good nights sleep tonight for sure.

di3004

bugsy161 wrote: »

To cut a long story short the Ombudsman has found in my favour.
They have stated that Lloyds failed to advise and inform me properly.
Lloyds will have to reconstruct my account from October 1987 and reimburse all of my card PPI payments plus interest and charges. They will have to add 8% on any credit balance for any period.
They have also said that Lloyds should assume that I would have made the same payment each month even if the PPI had not been added therefore removing any interest and charges that would not have applied if these paymens had reduced the balance by more because no PPI premium was added.
I have also been awarded a £200 distress payment.
It is the result I wanted and I will send the acceptance, recorded delivery, tomorrow.
Havent a clue what the final ammount will be but all I can say is that the average PPI payment over the 20 years was about £40 per month!!!!!!!!!!
Will keep you updated.
A big thank you and a good nights sleep tonight for sure.

Absolutely wonderful news, this have made my night, thanks for letting us know, Whoopeeeeeee Congratulations :beer::j:T:beer:, I dare say you deserve this so much and the extra redress, fantastic!
You certainly been waiting long enough that's for sure.

Blimey your going to get a huge amount back Bugsy, that is wonderful.

The interest is going to add up too. OMG I am so excited and been waiting for this post, a BIG well done indeed.:T:T:T:beer::jXXXX

di3004

Almost forgot to say as well I know amersall is going to be over the moon and overjoyed to hear this.

PARTY over the weekend I reckons anyway lol :T:j

Sooooooooo happy!!!:beer::beer::beer:

bugsy161

di3004 wrote: »

Almost forgot to say as well I know amersall is going to be over the moon and overjoyed to hear this.

PARTY over the weekend I reckons anyway lol :T:j

Sooooooooo happy!!!:beer::beer::beer:

Have read the letter over and over.
Still hasnt sunk in..................
Certainly going to celebrate.

di3004

OMG, wow, my workings out without the interest.......

40 per month x times by 12 months then x that by 20 years, wait for it.............£9600, and of course there is interest and 8% interest to go on top of that again, also the £200...........:T:T:T:T:T

di3004

bugsy161 wrote: »

Have read the letter over and over.
Still hasnt sunk in..................
Certainly going to celebrate.

This is great, I literally feel very excited for you, now take it in, its all for real, yippeeeeeeeeeeeeeee :j:T:beer:

di3004

Right, calling it a night now, but will defo be back tomorrow, must see our amersalls excited reaction on this tee hee hee , she is going to be absolutely thrilled for you.:j

Again Well done to you and remember to treat yourself as well, all you have been through, you deserve this so much.:A

Night night and hope you sleep well.:D;)X