PPI Reclaiming Discussion part 4

jaysnan

hi, i have just had a letter from lloyds tsb saying they will pay back all of my ppi insurance plus 8% interest,can anyone tell me do i accept this 1st offer,thanx

Hades112

Quick question for the experts here.

Just had an offer that is twice the value of my credit card outstanding balance and RBS want to put the money on it to clear the balance. how easy is it to get the extra money back or is there an alternative?

cappo

jaysnan wrote: »

hi, i have just had a letter from lloyds tsb saying they will pay back all of my ppi insurance plus 8% interest,can anyone tell me do i accept this 1st offer,thanx

Sounds like a standard offer,sounds good to me but if your unsure post up the entire calculation the bank have given you on here i'm sure niggly will look at it for you.:T

cappo

Hades112 wrote: »

Quick question for the experts here.

Just had an offer that is twice the value of my credit card outstanding balance and RBS want to put the money on it to clear the balance. how easy is it to get the extra money back or is there an alternative?

Hi hades rbs will pay off your card then give you the balance:T

Hades112

cappo wrote: »

Hi hades rbs will pay off your card then give you the balance:T

Thanks for that, thats another £7711 in the bank now! Add on the £3000 from Santander so far and its been a good year so far.

Still waiting for Halifax decisions but they need to hurry up as in 2 weeks time it will be 16 weeks.

cappo

Hades112 wrote: »

Thanks for that, thats another £7711 in the bank now! Add on the £3000 from Santander so far and its been a good year so far.

Still waiting for Halifax decisions but they need to hurry up as in 2 weeks time it will be 16 weeks.

Very handy money,well done:j:beer::money::D:T:)

happytalk

Barnsey263 wrote: »

Thanks for this I have been trying all day to get through to RBS on the phone as the 16 week deadline on my claim (Nat West) is up tomorrow. I have two telephone numbers neither of which get answered. :mad:

Hi I'm getting full of confidence second time on the forum, taken me months to pluck up courage but wanted to pass on the information I have received today, as I have already said have a claim in with RBS since September last year, they put my case on hold and advised me to go through the FSO which I did, phoned FS0 last month and was told case had been upheld and RBS would be receiving the next block of names within the next few weeksmine being one of them - anyway this morning I actually phoned RBS for the first time since putting my claim in I have to say I got through straight away and said to the very polite gentleman that yet again postman had been and left no letter, to which the gentleman said what letter are you waiting for? so I explained I should be hearing from RBS by the 31st August.
His reply was that my file was in the finance department and they were working out my exact pay-out and I would be hearing from them within the next eight weeks which is the length of time they have been given. It seems to me everyone is told a different story when they phone their bank up, I have decided to just wait out the eight weeks - I keep remembering we are mounting up the interest good luck to us all

cappo

happytalk wrote: »

Hi I'm getting full of confidence second time on the forum, taken me months to pluck up courage but wanted to pass on the information I have received today, as I have already said have a claim in with RBS since September last year, they put my case on hold and advised me to go through the FSO which I did, phoned FS0 last month and was told case had been upheld and RBS would be receiving the next block of names within the next few weeksmine being one of them - anyway this morning I actually phoned RBS for the first time since putting my claim in I have to say I got through straight away and said to the very polite gentleman that yet again postman had been and left no letter, to which the gentleman said what letter are you waiting for? so I explained I should be hearing from RBS by the 31st August.
His reply was that my file was in the finance department and they were working out my exact pay-out and I would be hearing from them within the next eight weeks which is the length of time they have been given. It seems to me everyone is told a different story when they phone their bank up, I have decided to just wait out the eight weeks - I keep remembering we are mounting up the interest good luck to us all

Well done to you,and welcome to the forum,that bit of info is going to help a few people as lots of people are dealing with rbs at the moment,thanks and good luck.:T:beer::j:money::D:)

smitchy73

ned_nederlander wrote: »

Thanks again - what's the significance of the 1st of September ? what would happen if I posted it prior to that ?

Hi Ned, the current timelines the banks have to deal with your complaint if received on or before 31st August is 16 weeks, however, for all complaints received on or after the 1st September, they only have 12 weeks to deal with it, this was agreed by the FSA, however, I think it only applies to HSBC/RBS/Lloyds Group(including Halifax/Bank Of Scotland) and Barclays.
In theory by waiting a couple of days you could save an extra four weeks of waiting.:D

cappo

smitchy73 wrote: »

Hi Ned, the current timelines the banks have to deal with your complaint if received on or before 31st August is 16 weeks, however, for all complaints received on or after the 1st September, they only have 12 weeks to deal with it, this was agreed by the FSA, however, I think it only applies to HSBC/RBS/Lloyds Group(including Halifax/Bank Of Scotland) and Barclays.
In theory by waiting a couple of days you could save an extra four weeks of waiting.:D

Thats good then mate maybe my sar from LTSB coming in on 12th september instead of 21st of august was fortutious