PPI Reclaiming Discussion part 4

cappo

stoutman5 wrote: »

Hi all,
Posted my orginal claim for PPI payments to Lloyds TSB ()credit cards ), 5th May 2011, and had the usual acceptance letter back, blah, blah..
On the advice of all here, I have been regularly emailing the CEO & Customer Service team, requesting an update on same.
To cut a long story short, the card goes back to 1988 ( TSB Trustcard ), and they subsequently got back to me, quoting all cards linked to my orginal TSB Trustcard, right up to my existing Lloyds TSB M'Card. Was able to fax them a statement last week, going back to 1996 to prove payment of PPI on same. ( I'm still paying PPI on my current Lloyds TSb M'Card )
As with most on this site, I got the standard letter last week, saying they had been granted an additional 8 weeks to look at my complaint, until August 31st which I accept.
Is it the opinion of the experts here that if my claim was not successful, they would have kicked it out by now, bearing in mind it was they who confirmed all my cards in writing? ie, the longer the wait, the better the opportunity for a successful claim?

Many thanks to all - excellent site! Alan

I think like Di stoutman you'd have heard already i should think if it was going to be kicked out,good luck:)

lauzflow

what is the 8% interest u get ? off the whole loan or just the ppi ? i had a £7k loan in jan 2003 paid over 5 years in 2008 total £12800 paid back any ideas what i hope to be getting back ? thx in advance and sry i just dont understand how they work it out got no original documents from loan x x

k77mss

hi guys just heard hbos following barclays paying out every legitimate claim received up to and including 5th may hope some folk on here are included just waiting for rest to do the same well we can hope!!

ellmae

I have had a loan with southern pacific personal loans does any one have a email address or anything for them thanks

di3004

lauzflow wrote: »

what is the 8% interest u get ? off the whole loan or just the ppi ? i had a £7k loan in jan 2003 paid over 5 years in 2008 total £12800 paid back any ideas what i hope to be getting back ? thx in advance and sry i just dont understand how they work it out got no original documents from loan x x

Hi the interest if upheld should be the interest you paid on each payment of PPI, plus a further 8% to date, and 8% interest to what a court would award, there is also a thread to explain this on how the FOS calculates refunds, minus the further distress compo, this is only received if the case is dealt with by the FOS etc.
https://forums.moneysavingexpert.com/discussion/1596473

Hope this helps and good luck.;)

However, you don't require the figures to make the reclaim, and on request they will send you this through the post.

di3004

k77mss wrote: »

hi guys just heard hbos following barclays paying out every legitimate claim received up to and including 5th may hope some folk on here are included just waiting for rest to do the same well we can hope!!

Hi

Yes I heard the same as well.;)

Hopefully others will do the same, if they had any sense they will.:)

lauzflow

thx di just hope i win .. hope so cus i could really do wiv the cash back ! x x

di3004

ellmae wrote: »

I have had a loan with southern pacific personal loans does any one have a email address or anything for them thanks

Hi

I am having problems opening the link to that business, but you could ring the FOS who should have these details, good luck.
http://www.financial-ombudsman.org.uk/contact/index.html

IANC

k77mss wrote: »

hi guys just heard hbos following barclays paying out every legitimate claim received up to and including 5th may hope some folk on here are included just waiting for rest to do the same well we can hope!!

Typical, I sent mine 1 week later to the day :mad:

IANC

IANC wrote: »

If it was repaid within the last 6 years, it will still be showing on his Equifax credit report.

Get him to sign up for the free 30 day trial and request a report (takes 5 minutes if that).

The loan will show on there, but it will only show you the last 4 or 5 digits of the account number.

If you contact the company with this info and they still can't find it, do what I did.

Write to Equifax and dispute the loan being on the credit report, citing that you have contacted the company and they have no records of the loan existing and that you cannot recall it either.

Tell them that you think a mistake has been made.

They then contact the provider and if it is anything like what happened with me, you will get a letter from the loan provider stating that the loan must stay on there as it cannot be removed before 6 years has elapsed.

The loan account number will be on their letter

Bump for anyone that may have missed this