PPI Reclaiming Discussion part 4

D1955

Many thanks to you also Amersall for your quick (not quite so quick as Di) response.

(I think you are both fantastic whatever your typing speed!!)

SuperRy

Hi Everyone.

Apologies if this has been asked before, but I'm not quite sure where I stand. I issued my first letters back in 2007 and had the standard response of "sorry that you feel....etc etc.

I have since lost both my first letters that I sent and received for PPI and unfair bank charges. My question is, do I still have a chance of claiming what's rightfully mine, but also, without my first letters as reference.... I'm not sure what to do or where to pick up from.

Sorry if this has been asked before, I could really do with some guidance.

Thanks in advance.

SuperRy

amersall

D1955 wrote: »

Many thanks to you also Amersall for your quick (not quite so quick as Di) response.

(I think you are both fantastic whatever your typing speed!!)

Awe bless you ;) taking pity on two not so young ladies :rotfl:

bugsy161

D1955 wrote: »

I have received an offer (Good will gesture) from my credit card provider - the offer includes repayment of premiums, associated interest and 8%. This is a grand total of just over £9k - a tidy amount.

I have had the credit card for 15 years and PPI for the whole time - yet the offer is to repay the premiums from the last 6 years only.

The calculations appear correct - but don't understand why they are only looking at the last 6 years. Is this normal practice or are they trying to pull a fast one?

Many thanks for any help.

I have just won my case with the FOS against Lloyds TSB credit card after a long wait and Lloyds are having to refund me premiums plus interest all the way back to 1987. The FOS ruling is that I have to be put back in a position whereby I would have been had the PPI not been sold.
Banks will use the 6 year ruling and say that they dont have to go any further back than that.
Most banks keep their records 'off premises' and information is available to them although it takes a bit longer to get.
In my case Lloyds managed to produce the original form I signed from 1987 so they will tend to do what suits them.
The offer you have seems a good offer, the only problem is that it is only 40% correct but the main thing is that they have admitted that you were mis sold.
If you think that the balance, and the PPI, was pretty regular over the 15 year period I would be inclined to thank them for the offer but quote the FOS guidleines and if they cant get access to all of your statements (more like cant be bothered) then tell them to pro rata the amount by another 60% to take into account the other 9 years and therefore give you another £14,000 on top of the £9,000 they have already offered.

amersall

SuperRy wrote: »

Hi Everyone.

Apologies if this has been asked before, but I'm not quite sure where I stand. I issued my first letters back in 2007 and had the standard response of "sorry that you feel....etc etc.

I have since lost both my first letters that I sent and received for PPI and unfair bank charges. My question is, do I still have a chance of claiming what's rightfully mine, but also, without my first letters as reference.... I'm not sure what to do or where to pick up from.

Sorry if this has been asked before, I could really do with some guidance.

Thanks in advance.

SuperRy

Hi there and it is not too late to reclaim, do you have any details of ppi accounts, bank statements, account numbers ,settlement figures?
banks have been told by fos to relook at old ppi claims, i know it has been 3 years but you never know, so it may be worth ringing bank to find out if the bank are looking at your claim again.
for bank charges reclaiming you need this thread
http://www.moneysavingexpert.com/reclaim/bank-charges

bugsy161

amersall wrote: »

Thanks di :A, beat me to it again :D:D i must try to type faster :rotfl:

You are both quicker than me....................must be a male thing with me and I cant multi task.

bugsy161

amersall wrote: »

I dont understand this either, bugsy on this site is getting paid back 23 years worth, to be honest i dont have a clue how they decide the difference between 6 years and 23.It might be that some claimers have paperwork going back that far? i would give the bank a ring and ask why they only go back 6 years and what is the criteria for going back further. Oh and well done on your win :T

The main difference is the 'goodwill gesture'.
Any FOS decision is a binding decision especially because I only had a few statements over a few years to look at.
The way that the bank will look at it is that they pay out £9,000 but save £14,000 and a fine if your case was upheld by the FOS. The carrot they dangle of £9,000 is a fantastic amount of money for anyone who didnt expect anything.
They once again try to be the caring bank whereas they are being as sneaky as ever.

amersall

bugsy161 wrote: »

You are both quicker than me....................must be a male thing with me and I cant multi task.

Di is :A i nick named her "little jack flash":Aone of these days (and i will take bets on this ) she will answer a post before someone has posted :rotfl::rotfl::cool: xxx

amersall

Are you there di, do you know what to do if a loan was taken out and the company was not covered by gisc? thanks sweetie x

D1955

Bugsy - thanks for the information. This is very helpful.

I think I'll follow your advice and see what happens. Letter in tonights post.
Will update you all when I have a response
Fingers crossed!!