PPI Reclaiming Discussion part 4

amersall

gingamonkey wrote: »

Hi Amersall,

Firstly, thanks SO MUCH for your help with this.... Really giving me the will to go on!

Regarding the PPI 5 year thing... THAT is how they sugarcoated it to me.

I am currently 3 years into a 20 year secure loan. The salesman on the phone emphasised that if I didn't claim or go into arrears within the first 5 years, I would get a 'full' refund of just over £12,000 for the unused PPI.

What he DIDN'T emphasise (though I believe he probably did mention it when reeling off terms and conditions speel), was the fact that I'd be paying a further £18,000 over the following 15 years, in INTEREST PAYMENTS for PPI ALONE, equating to around £125 per month until 2028!!

You would not have been told you would be paying £xx because they dont do that,who in there right mind would pay an extra few thousands for something they had no longer got?.

In the letter i did,put that you were told you get the ppi back if you dont claim or have arrears etc,you were not told that this ppi would still be on the loan with interest when the ppi finished.

Send this to Bob,and send to FOS too,forget FP,Bob should make them jump.

(I have edited the letter go back and have a look)

amersall

beamerguy wrote: »

It says

"Barclays has confirmed it will pay compensation to everyone to whom it mis-sold payment protection insurance (PPI) before April 20."

So if your claim is after that it will still be honoured (or should be)

Your claim date does not matter, if you WERE MIS-SOLD before April 20th and that can be 10 years ago, this is what Barclays are saying.

If you put in a claim in July and were mis-sold before April 20th it must be honoured

I am sure it is just claims that were put on hold due to the JR they would pay out no quibble?.

amersall

Barclays customers whose complaints were put on hold during the Judicial Review will now see their claims resolved and paid out in full as a "gesture of goodwill without any admission of liability".
Those eligible for the full payout must have filed their complaint before 20 April this year and will receive a letter from Barclays notifying them of the Bank's move. They will then receive a further letter by the end of August with details of payment. Refunds will cover the cost of PPI premiums and any interest paid on these premiums plus a further 8% interest, minus the value of any previously successful claims.
Apology
Barclays chief executive Bob Diamond previously apologised to customers for the mis-selling scandal, saying: "We don't always get things right for our customers; when we get them wrong, we apologise and put them right."
The bank has since issued a statement saying: "Working in close co-operation with the FSA [Financial Services Authority] and the FOS [Financial Ombudsman Service], and in recognition of the delay customers have experienced whilst awaiting the outcome of the High Court judgment, we can confirm that we are contacting customers whose complaint was put on hold on or before 20 April with an offer to settle their complaint in full as a gesture of goodwill."
Barclays says it will be "business as usual" for PPI complaints received after April 20. PPI claims will be addressed within 16 weeks, according to the FSA and FO's agreed temporary extension to handling times. This resolution period will then reduce to 12 weeks for complaints received between 1 August and 1 October 2011 and back to the standard eight weeks from 2 October onwards.

amersall

dilus wrote: »

http://news.sky.com/home/business/article/16010770

Sky News :D:D you just cant get the staff :rotfl:
They report Bob will pay back claims before April....what he actually said was "all claims put on hold due to JR will be settled..no quibble"

dilus

amersall wrote: »

Sky News :D:D you just cant get the staff :rotfl:
They report Bob will pay back claims before April....what he actually said was "all claims put on hold due to JR will be settled..no quibble"

It was in the Independent too

di3004

paid_too_much wrote: »

oh and also they's said that it's their final response and then added that if I have any frther questions to give them a call or write to them?? doh!

Write back and ask them to provide you with the evidence of the phone call, state they must still hold these details to have come to this decision to reject and you will appreciate they send you a copy of any evidence in concrete of the phone call that proves what they say.

Anyway, back then many assumed it was all part of the package because not being told it was optional in the first place, then assumed if to cancel that the full balance was to be repaid in full.
Again because the staff that sold it to you failed to explain the policy and how it worked, and yet if explained to you that it was optional you would not have taken it out, and if known it was optional at the time.

Tell them the sales staff failed in providing you with a clear explanation of the policy and it was their duty to do so and certainly not yours.

Hope that helps, ask they reconsider by 14 days and if they do not change the decision go to the FOS and the same if nothing heard by then.

Just keep on at them, good luck. x:)

di3004

gratefull wrote: »

Hi I'm struggling to find the SAR template letter to make a CC ppi claim
can anybody point me to the right section for this please?:o

Hi

Sorry if this has already been posted since, below is a template letter of the SAR.
https://forums.moneysavingexpert.com/discussion/1475553

amersall

dilus wrote: »

It was in the Independent too

Independent :D you just cant get the staff :D

dilus

amersall wrote: »

Independent :D you just cant get the staff :D

Ok I give up :rotfl::rotfl::rotfl:

moneyangel22

beamerguy wrote: »

Lloyds Bank losses

Antonio Horta-Osorio will not return. He will vanish just like the idiot Fred Goodwin, ex RBS, on a big pension BUT .... who is going to pay that pension ????? Hope its not the taxpayers !!!

Then we have the new acting CEO of Lloyds, Tim Tookey.

He leaves Lloyds in february to work for a assurance company, hope they realise that he was the finance director of Lloyds who made big losses !
Not really a person that any company should employ ?

Tookey.... right now will be assuring his financial future for the next couple of months by securing a good pension, just like the rest of these vultures who live off the misery of others

I can only say to Tookey's new employers ...... he was the finance director of the Lloyds Banking Group, BIG LOSSES, do you really want to employ this man ????

Tim Tookey: Group Finance Director of Lloyds. A bank in the RED


MOST WANTED FOR ABUSE: Antonio Osorio (Lloyds), Fred (idiot) Goodwin (EX RBS), Stephen Hester (Current RBS) (uses taxpayers money to pay his bonus)

Does anyone know Tim Tookey's email address?