PPI Reclaiming Discussion part 4

di3004

IANC wrote: »

Okay, now I have managed to confuse myself with figures and compounding contractual interest, so perhaps one for Tifosi or Niggly et al to confirm or tell me I am a whopper :rotfl:

Credit card ppi payment = £30

APR 29%

13 years ago (156 months)

I have just compounded that and I get £821 for that one payment.

Is that correct????

And then £753 for the payment made the month after.


Nahh, this can't be right surely. :eek:

I believe our Niggly is away on his hols this well.:D, so may Tifosi will clarify on this one.:T;)

Scotty1.7

di3004 wrote: »

Hi there

Get a reclaim in by completing the reclaim questionnaire below and send to their head/complaints office, as you did not know you had PPI its case in my opinion. Go for it.;) If it were the dealer who arranged this then send to them with a "copy of the letter you received"

Someone else received the same sort of letter in the last few days on here, good luck and ask for further help if required.

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3

Its abit weird from memory- it was 5-6 years ago- I was buying from a dealer but the person from welcome took me back to there office to sort it out/

di3004

Scotty1.7 wrote: »

Its abit weird from memory- it was 5-6 years ago- I was buying from a dealer but the person from welcome took me back to there office to sort it out/

Have you actually got in touch with Welcome to make them aware of this?

And another suggestion if WF are responsible - WF are now also in default and claims are being made through the Financial Compensation Scheme (FSCS), they will deal with cases if the sale taken place on or after 14 Jan 2005, so if this applies to you, you could contact the FSCS as well to see if you can make a claim through them.
Although they may suggest that you still consult WF first, even though they are in default some I believe are still pursuing them for the time being, there is no harm in contacting the FSCS though for advice first.
http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-for-welcome-financial-hn0qripj/

http://www.fscs.org.uk/contact-us/

LynK_3

For any of u folk who like me had an old Alliance n Leicester card now taken over by MBNA, u mite like to know that MBNA are only responsible for your PPI claim from the date they took over the card, any claim prior to that has to be made to Santander. Personally maybe I'm a bit thick but I didn't realise this until today, so in effect you might have to make 2 claims with 2 different companies for the one credit card. My MBNA one has been upheld just waiting patiently (not!) on the cheque, I made the other with Santander today by telephone so fingers crossed!!

di3004

LynK wrote: »

For any of u folk who like me had an old Alliance n Leicester card now taken over by MBNA, u mite like to know that MBNA are only responsible for your PPI claim from the date they took over the card, any claim prior to that has to be made to Santander. Personally maybe I'm a bit thick but I didn't realise this until today, so in effect you might have to make 2 claims with 2 different companies for the one credit card. My MBNA one has been upheld just waiting patiently (not!) on the cheque, I made the other with Santander today by telephone so fingers crossed!!

Hi there

And no your not thick it can be confusing, but thanks for posting this up, it will be a help to others in the same position.

And well done to you and Congratulations by the way!:beer:

LynK_3

Thankyou Di, only £540, but hey £540 can come in bloody useful! lol

di3004

LynK wrote: »

Thankyou Di, only £540, but hey £540 can come in bloody useful! lol

That is great and its better in you're own pocket than their's, well done!:beer:;) x

tifosi

IANC wrote: »

Okay, now I have managed to confuse myself with figures and compounding contractual interest, so perhaps one for Tifosi or Niggly et al to confirm or tell me I am a whopper :rotfl:

Credit card ppi payment = £30

APR 29%

13 years ago (156 months)

I have just compounded that and I get £821 for that one payment.

Is that correct????

And then £753 for the payment made the month after.


Nahh, this can't be right surely. :eek:

Nah, £821? are you mad?





According to this it's £899.58

:eek: :eek: :eek::eek::eek:

Though I would imagine the chance of getting that out of them is somewhat remote!!

amersall

sorry marksman, did'nt realise you'd already posted on this one, never read your post.

Dont worry :(:(:( i dont read his posts either :rotfl::rotfl::p

Sorry M luv ya really:A

amersall

irnbru74 wrote: »

I am sending it to Santander

Hi there, use the address Di gave you,a post office box generally means no one is there to sign for mail all the time,so best to send it where it will be signed for.