PPI Reclaiming Discussion part 4

tony.1977

di3004 wrote: »

Its got to be 3rd time lucky then with a bit of luck lol.:D;)

lol i hope so ,thanks for the info and very quick reply

di3004

tony.1977 wrote: »

lol i hope so ,thanks for the info and very quick reply

Its my pleasure Tony, your doing a great job, keep at them and let us know as soon as you hear, that will be good, x;)

tony.1977

di3004 wrote: »

Its my pleasure Tony, your doing a great job, keep at them and let us know as soon as you hear, that will be good, x;)

no problem i will:D

beamerguy

Following the Barclays statement today saying they will pay back without question PPI insurance plus interest, the other two, RBS and Lloyds have said they will not follow the leader.

http://www.moneysavingexpert.com/news/reclaim/2011/06/barclays-to-settle-thousands-of-ppi-complaints?utm_source=forum&utm_medium=sidebar&utm_campaign=box

Guess RBS and Lloyds are happy to lose customers which is bad news for the taxpayers who invested so much in these two.

Couple that with Stephen Hester of the RBS stating that taxpayers money leaked into the bonus system, what planet do these two banks live on ???

Well done Barclays, you deserve to pick up new customers, honesty prevails ... the other two simply are not trustworthy

Would I trust the RBS/NatWest or Lloyds ........ 100% NO FROM ME and out there in the big UK, guess that's what most people think

Two very silly CEO's who need to get into the real world

MykMallett

I put in a complaint in September last year and got a couple of letters around February (after writing and phoning a number of time) telling me they couldnt progress with the complaint because of the judicial review.

I have since received no word. I emailed the Lloyds CEO yesterday asking him to expedite it. Is there anything else I should do?

cappo

MykMallett wrote: »

I put in a complaint in September last year and got a couple of letters around February (after writing and phoning a number of time) telling me they couldnt progress with the complaint because of the judicial review.

I have since received no word. I emailed the Lloyds CEO yesterday asking him to expedite it. Is there anything else I should do?

Just wait myk the banks are inundated at the moment it'll all get sorted out it's just going to take a while,patience here is the name of the game.

mstopham

Details are a little hazy at is was a long time ago.
I had a TSB account (from a very young age) and when I turned 18 (Feb 1995) I got offered a £50 overdraft. This all sounded very grown up and I took it out but they insisted on me taking out insurance at £7 a month if I recall correctly. I remember sitting with the bank manager (also called Martin) in the branch and explaining what I did at the time (studying full time but working in the RAuxAF Regiment part time earning circa £250 a month). He went through the list of exclusions with me (would I be parachuting I remember being one) and (obviously because it makes them money) he told me I could be covered and would be paid the £250 a month in the event of anything happening to me that meant I couldn't work.
I subsequently broke my foot (at college) and was out of action with the RAuxAF for approx 3 months (turned into longer as it rebroke a couple of times). When I went to claim they came back saying that I wasn't covered because I worked in the military. We argued that I was told specifically that I would be covered after telling them about my work. They said - tough, not covered, as a good will gesture they would refund my premiums as I shouldn't have been covered in the first place.
Now - would I have a claim or not? Because they refunded my premiums and I accepted them (I had no choice as I saw it I was over my overdraft and they were then charging me extra) does that mean I can't claim? Would I be able to claim for what they should have paid me because of my geniune claim based on the original discussion with the bank manager (at least £750 if not more). Is there any mileage in the fact that the times I went over the overdraft during the period I had it were down to the extra £7 a month they were taking out and I subsequently paid extra in charges on? (I am guessing not for that one, it was my bad money management that led to being less than £7 remaining when it was taken out).
I am interested in if there is the potential for a claim before I go approaching the bank as I can see it costing me £12 including postage to get the relevant paperwork on the agreement and would rather save that if someone knows it would be folly.
Thanks in advance.

cappo

mstopham wrote: »

Details are a little hazy at is was a long time ago.
I had a TSB account (from a very young age) and when I turned 18 (Feb 1995) I got offered a £50 overdraft. This all sounded very grown up and I took it out but they insisted on me taking out insurance at £7 a month if I recall correctly. I remember sitting with the bank manager (also called Martin) in the branch and explaining what I did at the time (studying full time but working in the RAuxAF Regiment part time earning circa £250 a month). He went through the list of exclusions with me (would I be parachuting I remember being one) and (obviously because it makes them money) he told me I could be covered and would be paid the £250 a month in the event of anything happening to me that meant I couldn't work.
I subsequently broke my foot (at college) and was out of action with the RAuxAF for approx 3 months (turned into longer as it rebroke a couple of times). When I went to claim they came back saying that I wasn't covered because I worked in the military. We argued that I was told specifically that I would be covered after telling them about my work. They said - tough, not covered, as a good will gesture they would refund my premiums as I shouldn't have been covered in the first place.
Now - would I have a claim or not? Because they refunded my premiums and I accepted them (I had no choice as I saw it I was over my overdraft and they were then charging me extra) does that mean I can't claim? Would I be able to claim for what they should have paid me because of my geniune claim based on the original discussion with the bank manager (at least £750 if not more). Is there any mileage in the fact that the times I went over the overdraft during the period I had it were down to the extra £7 a month they were taking out and I subsequently paid extra in charges on? (I am guessing not for that one, it was my bad money management that led to being less than £7 remaining when it was taken out).
I am interested in if there is the potential for a claim before I go approaching the bank as I can see it costing me £12 including postage to get the relevant paperwork on the agreement and would rather save that if someone knows it would be folly.
Thanks in advance.

Well personally i've never heard of ppi to cover an overdraft Di or Amersall might have a bit more experience with this type of policy can you post up some more info i.e what was the policy called etc so someone on here can help you and look into this a bit further for you.

mstopham

It was most certainly insurance to cover the overdraft. It was designed to pay out should I not be able to work.
As I mentioned, details are hazy, it was 16 years ago, I was young and naive and I haven't got a scrap of paperwork from then.
I will ask my mum if she remembers any further details as she was the one that went into the branch after I broke my foot to start the claims process.
I think, though cannot be certain, that is was just TSB at the time when I took the overdraft and that it became Lloyds TSB by the time I broke my foot.
But it was them that approached me for the overdraft, insisted on the insurance, I was 100% up front about what I did and earned and then they reneged when it came to pay out time. Personally I would rather I never had to be making the claim and that my foot never broke but it is then doubling galling to have paid into an insurance policy for them to then reject a claim on grounds that meant they should never have sold it me in the first place. As far as I can tell I did nothing wrong and they made mistakes.
I am not certain it counts as PPI but it seems fairly similar.

The_Marksman

mstopham wrote: »

It was most certainly insurance to cover the overdraft. It was designed to pay out should I not be able to work.
As I mentioned, details are hazy, it was 16 years ago, I was young and naive and I haven't got a scrap of paperwork from then.
I will ask my mum if she remembers any further details as she was the one that went into the branch after I broke my foot to start the claims process.
I think, though cannot be certain, that is was just TSB at the time when I took the overdraft and that it became Lloyds TSB by the time I broke my foot.
But it was them that approached me for the overdraft, insisted on the insurance, I was 100% up front about what I did and earned and then they reneged when it came to pay out time. Personally I would rather I never had to be making the claim and that my foot never broke but it is then doubling galling to have paid into an insurance policy for them to then reject a claim on grounds that meant they should never have sold it me in the first place. As far as I can tell I did nothing wrong and they made mistakes.
I am not certain it counts as PPI but it seems fairly similar.

Hello there,

im not 100% but it sounds like a accident, sickness, unempolyment insurance that Lloyds tsb liked to push on everyone. I had to take this out when i got my first loan at 17 to get the loan apparently! but it isnt ppi but without the paper work its hard to tell what you have. dropping into your local branch at the time, may be of help as they can look it all up there and tell you what you had. They after pushing the right buttons gave me everything i needed going back to the 90's.