PPI Reclaiming Discussion part 4

vinesmyhero1

hi 4 weeks after ombudsman up held 4 different policies we are still waiting on clydesdale bank settling, no contact from them at all,think its a disgrace, if we are late with standing orders we are charged straight away yet they are allowed to get away with carrying on like this!!!it is now coming up on 2 years from when we first wrote our martis lewis,not that impressed with the job ombudsman has done

Mikey1414

Hello,
I have two outstanding PPI claims with FOS - both I think will ultimately be successful, very appreciative of this site - thank you - I am however very frustrated at the length of time it is taking to process the claims. I'm sure Martin already has this covered, however I believe this should be taken up with the Government for action to resolve. I am not blaming FOS, from my dealings they are doing a good job, however believe the claims running to be significant, meaning a huge workload to deal with. In my opinion they should either be given additional resource or the Government should intervene with the Banks/Financial Institutions - perhaps directed under a a blanket instruction to pay out - perhaps years x to y as an example ? I cannot believe in this climate - essentially post our bail out of the Banking industry that the same very institutions are doing this - essentialy in my opinion deliberately dragging their heals in the process. I think its time the banks woke up to the fact that this Country will simply never be the same in terms of our dealings with them. This issue would be one ofset to us the consumer post our signficant assistance to them. After all significant parts of this Country will be paying out for this for years to come.

Nb - a now very hard pressed, lucky to have a job, significantly worse off (pay freeze), (awaiting a pension hit) - public sector worker :-(

cheery_emma

Hi guys,

After checking our joint account bank statement, I saw two versions of insurance coming out. I called my bank to check which was which (so I could see if I could get them cheaper elsewhere) and found out one is home insurance and the other is PPI. We got these as part of our mortgage package 3 and a half years ago, but I was under the impression that the PPI was actually personal accident insurance.

Do you think I have a case to reclaim? Or is it a case of me misunderstanding, as all I can remember is that they said 'it'll help cover your mortgage payments if you have an accident'. My husband didn't take out the same policy, as he has life insurance through his work.

Your advice is appreciated.

di3004

Mikey1414 wrote: »

Hello,
I have two outstanding PPI claims with FOS - both I think will ultimately be successful, very appreciative of this site - thank you - I am however very frustrated at the length of time it is taking to process the claims. I'm sure Martin already has this covered, however I believe this should be taken up with the Government for action to resolve. I am not blaming FOS, from my dealings they are doing a good job, however believe the claims running to be significant, meaning a huge workload to deal with. In my opinion they should either be given additional resource or the Government should intervene with the Banks/Financial Institutions - perhaps directed under a a blanket instruction to pay out - perhaps years x to y as an example ? I cannot believe in this climate - essentially post our bail out of the Banking industry that the same very institutions are doing this - essentialy in my opinion deliberately dragging their heals in the process. I think its time the banks woke up to the fact that this Country will simply never be the same in terms of our dealings with them. This issue would be one ofset to us the consumer post our signficant assistance to them. After all significant parts of this Country will be paying out for this for years to come.

Nb - a now very hard pressed, lucky to have a job, significantly worse off (pay freeze), (awaiting a pension hit) - public sector worker :-(

Hi and welcome

Wishing you luck on your reclaiming, fingers crossed and hope you hear something soon.

di3004

cheery_emma wrote: »

Hi guys,

After checking our joint account bank statement, I saw two versions of insurance coming out. I called my bank to check which was which (so I could see if I could get them cheaper elsewhere) and found out one is home insurance and the other is PPI. We got these as part of our mortgage package 3 and a half years ago, but I was under the impression that the PPI was actually personal accident insurance.

Do you think I have a case to reclaim? Or is it a case of me misunderstanding, as all I can remember is that they said 'it'll help cover your mortgage payments if you have an accident'. My husband didn't take out the same policy, as he has life insurance through his work.

Your advice is appreciated.

Hi Emma

Hopefully someone will clarify on this for you, but if you think you were mis sold on the ppi for some reason give it a go.

Do you mind me asking though besides the mortgage protection with this one, did you have a stand alone cover for this as well?
There is no point really in having the 2 going if its for the same thing.

Maybe Dunstonh will know more on this and will post up some info soon, good luck.

Meanwhile more on reclaiming below.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

amersall

vinesmyhero1 wrote: »

hi 4 weeks after ombudsman up held 4 different policies we are still waiting on clydesdale bank settling, no contact from them at all,think its a disgrace, if we are late with standing orders we are charged straight away yet they are allowed to get away with carrying on like this!!!it is now coming up on 2 years from when we first wrote our martis lewis,not that impressed with the job ombudsman has done

You are right here, the route with the fos is slow (although they have been inundated with claims). I think something should be done to speed the whole process up.Having said that the banks are taking fos and fsa to court concerning these ppi claims, banks have put some claims on hold until this is heard in court, so i am afraid we all wait with bated breath to see what the outcome of this is. The hearing for this is january.

amersall

Mikey1414 wrote: »

Hello,
I have two outstanding PPI claims with FOS - both I think will ultimately be successful, very appreciative of this site - thank you - I am however very frustrated at the length of time it is taking to process the claims. I'm sure Martin already has this covered, however I believe this should be taken up with the Government for action to resolve. I am not blaming FOS, from my dealings they are doing a good job, however believe the claims running to be significant, meaning a huge workload to deal with. In my opinion they should either be given additional resource or the Government should intervene with the Banks/Financial Institutions - perhaps directed under a a blanket instruction to pay out - perhaps years x to y as an example ? I cannot believe in this climate - essentially post our bail out of the Banking industry that the same very institutions are doing this - essentialy in my opinion deliberately dragging their heals in the process. I think its time the banks woke up to the fact that this Country will simply never be the same in terms of our dealings with them. This issue would be one ofset to us the consumer post our signficant assistance to them. After all significant parts of this Country will be paying out for this for years to come.

Nb - a now very hard pressed, lucky to have a job, significantly worse off (pay freeze), (awaiting a pension hit) - public sector worker :-(

Agree 110% with what you say, but there is a process to follow and no one can make this move any faster,the fos have taken on extra staff for the influx of claims and it is a waiting game at the moment.The way the banks are treating the country and its customers is disgusting, but at the end of the day they are "allowed" to get away with this and something should be done to make them toe the line. The banks have now got the nerve to take the fos and fsa to court because the new guidlines that are to be introduced in december are "unfair to the banks" just a moment while i get my hankie :Das my heart bleeds for them , we have to wait until january to see waht happens with this.Think i will phone the bailed out banks and ask them for interest on my husbands portion of the bailout money What do you think my chances are?.:rotfl:

kaladin

Hi,

Can anyone help me please???
Does anyone know which insurance provider provided the PPI cover for Welcome Finance loans in 2003??
I had 3 seperate loans with them and they have paid out on 2 which is great however the 3rd one they claim it is the responsibility of the Insurance company not Welcome themselves.
Questionnaire sent to FOS and they have replied advising they will persue through the insurance provider direct however they need to know who it was. I have copies of my original loan agreement from Welcome but there is no mention of the insurer.
Just called Welcome and after being on hold for 45 minutes they have said that if i contact the FOS they need to contact Welcome to discuss however the FOS are asking me who the insurer is! I feel that i'm onto a no winner here so if anyone has any info on the insurance provider for Welcome from 2003 then it would be greatly appreciated x

klinos

sorry in advance as i am not pc literate!! i do have a question regarding tmp (total mortgage protection) from halifax plc..is it the same as ppi? ...i have only recently discovered that i'm paying 12.99 per month for this...can anyone help me? thanks.

di3004

kaladin wrote: »

Hi,

Can anyone help me please???
Does anyone know which insurance provider provided the PPI cover for Welcome Finance loans in 2003??
I had 3 seperate loans with them and they have paid out on 2 which is great however the 3rd one they claim it is the responsibility of the Insurance company not Welcome themselves.
Questionnaire sent to FOS and they have replied advising they will persue through the insurance provider direct however they need to know who it was. I have copies of my original loan agreement from Welcome but there is no mention of the insurer.
Just called Welcome and after being on hold for 45 minutes they have said that if i contact the FOS they need to contact Welcome to discuss however the FOS are asking me who the insurer is! I feel that i'm onto a no winner here so if anyone has any info on the insurance provider for Welcome from 2003 then it would be greatly appreciated x

Hi there

Its been suggested to many of us to take the insurer/underwriter direction and what you do is write to the lender and ask them to send you the policy document of the Payment Protection Insurance through the post, its all enclosed in that paperwork of the insurer, this is something you normally have to request for separately as they do not always enclose these details with the copies of the paperwork they send you when you taken out the loan.

So do what i did and write to them to request for this document, ask they post by 14 days. Good luck.