PPI Reclaiming Discussion part 4

JennyJenJen

Hi Everyone

Hoping for some help if possible from those in the know please!!

I made a PPI complaint to Egg about 3 loans (each one paid off by consolidation with the next) eventually ending up with

Loan amount £20k
PPI £4088 (have left the figs at work but this is close)
Monthly Installment £366.44 (again pence is approximate, its definitely £366)
APR 6.73%
Term 84 months starting 6/6/6

Took a payment holiday of 3 months in June, July and August 07 so the loan is now due to finish September 2013.

I am coming up to 8 weeks with Egg so gave them a call today to see where they are up to and was told that they had contacted Moorgate (who they have sold my loan to - not a debt collection thing, just their sale of loan business) to request the interest figures on my current loan. I asked whether this meant it had been upheld and she said she assumed so as they wouldnt need the interest figures otherwise. Which does make sense but is obviously not official confirmation! Got my fingers crossed to hear something positive soon!

On the basis of the above info, can anyone give me an approximation of how much I am likely to get back please? Am happy not to take the first 2 into consideration (and they were both internet apps I think so may be rejected) and to go on the approximate figs above as anyhting else will be a brilliant bonus!

Thank you

cappo

JennyJenJen wrote: »

Hi Everyone

Hoping for some help if possible from those in the know please!!

I made a PPI complaint to Egg about 3 loans (each one paid off by consolidation with the next) eventually ending up with

Loan amount £20k
PPI £4088 (have left the figs at work but this is close)
Monthly Installment £366.44 (again pence is approximate, its definitely £366)
APR 6.73%
Term 84 months starting 6/6/6

Took a payment holiday of 3 months in June, July and August 07 so the loan is now due to finish September 2013.

I am coming up to 8 weeks with Egg so gave them a call today to see where they are up to and was told that they had contacted Moorgate (who they have sold my loan to - not a debt collection thing, just their sale of loan business) to request the interest figures on my current loan. I asked whether this meant it had been upheld and she said she assumed so as they wouldnt need the interest figures otherwise. Which does make sense but is obviously not official confirmation! Got my fingers crossed to hear something positive soon!

On the basis of the above info, can anyone give me an approximation of how much I am likely to get back please? Am happy not to take the first 2 into consideration (and they were both internet apps I think so may be rejected) and to go on the approximate figs above as anyhting else will be a brilliant bonus!

Thank you

Hi jen hold fire niggly should be on here soon, good luck.:)

glimmerofhope

Hi
Quick question, RBS upheld my complaint the loan was paid off. When I phoned them to check they had my acceptance they said the funds would be paid into my Natwest current Account (which I no longer use) - I may have misunderstood but I thought if there was no outstanding balance on the loan they should send a cheque?

cappo

glimmerofhope wrote: »

Hi
Quick question, RBS upheld my complaint the loan was paid off. When I phoned them to check they had my acceptance they said the funds would be paid into my Natwest current Account (which I no longer use) - I may have misunderstood but I thought if there was no understanding balance on the loan they should send a cheque?

Hi glimmer congratulations, i think all banks do things slightly different give them a call and ask them to send you a cheque i'm sure they'd be ok with that. all the best,steve:):):T:T:T:D:money::money::j:j:j:beer::beer::beer:

smitchy73

dartsman wrote: »

Hi just wondering if anybody as heard of CLAIMS HOUSE supposedly based in PRESTON keep getting bombarded with telephone calls from them wanting to take care of my mis sold PPI ,,,,any information would be gratefully appreciated..

Tell them you are reporting them to the Ministry of Justice for cold calling, ask for them name and their extension number, doubt you'll hear from them again.:D

smitchy73

JennyJenJen wrote: »

Hi Everyone

Hoping for some help if possible from those in the know please!!

I made a PPI complaint to Egg about 3 loans (each one paid off by consolidation with the next) eventually ending up with

Loan amount £20k
PPI £4088 (have left the figs at work but this is close)
Monthly Installment £366.44 (again pence is approximate, its definitely £366)
APR 6.73%
Term 84 months starting 6/6/6

Took a payment holiday of 3 months in June, July and August 07 so the loan is now due to finish September 2013.

I am coming up to 8 weeks with Egg so gave them a call today to see where they are up to and was told that they had contacted Moorgate (who they have sold my loan to - not a debt collection thing, just their sale of loan business) to request the interest figures on my current loan. I asked whether this meant it had been upheld and she said she assumed so as they wouldnt need the interest figures otherwise. Which does make sense but is obviously not official confirmation! Got my fingers crossed to hear something positive soon!

On the basis of the above info, can anyone give me an approximation of how much I am likely to get back please? Am happy not to take the first 2 into consideration (and they were both internet apps I think so may be rejected) and to go on the approximate figs above as anyhting else will be a brilliant bonus!

Thank you

I think Niggly would tell you that you need to supply more figures, but for starters you'd be looking at getting back each ppi payment you made on all three loans, plus 8% simple interest on each of thos payments from when you made them, there is a calculator within the bank charges reclaim section, where you can enter your ppi charge and it'll tell you what the 8% is on this and you can make a list and print or save it.

PLUS

When you have refinanced each of them you would probably receive a rebate on the ppi but some of it would've been carried forward(I'm sure you'll have no way of knowing how much) you should have this refunded with 8% as well, as if you didn't have ppi you wouldn't have needed to borrow as much.

Hope this helps to start with:D

di3004

sunny8 wrote: »

Di, is it HFC who owned Endevour ? Do you have an email address for their CEO please?:):)xx

Hiya

For Endeavour/HFC you use the HSBC CEO email address, here below.
[EMAIL="chiefexecutivehsbcbank@hsbc.com"]chiefexecutivehsbcbank@hsbc.com[/EMAIL]

Sorry for my late reply, dropped off to sleep with just over 3 hours sleep last night unfortunately lol.:D

Good luck honey x:)

di3004

sunny8 wrote: »

Brilliant news di :T:T:T:T:T:T no one deserves it as much as you do :j:j:jxx

Aww thank you so much xx:A:A

di3004

lordgoata wrote: »

Hi all,

Quick question - I have tried to search through the 4 threads as best I can!

I had PPI on my Amazon.co.uk Mastercard which was originally issued by Halifax. Who would I put a claim in with, Amazon or Halifax ? I assume the latter but wasn't sure.

I also have NO paperwork at all for any of my old Amazon stuff, I destroyed it all when Amazon ended its affiliation with Halifax. At that point I was issued with a Halifax credit card (which still have the PPI on it). I believe the credit card number was the same as the original Amazon one, so I guess Halifax should have all the necessary info ?

TIA!

Hiya

I assume Halifax, as they set this up for you, so pursue them.
If you still have the account number that is fine, many have been successful with no paperwork but were aware they were sold and mis sold the ppi.

Below is the reclaim questionnaire, complete and send, and remember to keep a copy for yourself as well, good luck.
http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance#step3

You could also try calling into Haifax who may check the details for you.:)

di3004

glimmerofhope wrote: »

Hi
Quick question, RBS upheld my complaint the loan was paid off. When I phoned them to check they had my acceptance they said the funds would be paid into my Natwest current Account (which I no longer use) - I may have misunderstood but I thought if there was no outstanding balance on the loan they should send a cheque?

Well done on your success!:beer:
I agree with Cappo, contact them and ask about this just to be sure, its likely it will be a cheque, good luck.