PPI Reclaiming Discussion part 4

busbyh

Hi Everybody, haven't visited for awhile, still waiting on news from FSCS to declare Picture Financial in default.
" I live in hope"!!!

Some interesting news 17th March, on link below regarding PPI.

http://www.mortgagesolutions-online.com/public/showPage.html?page=847296


Apparently over 90% PPI claims being paid put :money:

pinknico

Hello busbyh, I too am still waiting for the FSCS, surely it can't be too much longer????????????

di3004

busbyh wrote: »

Hi Everybody, haven't visited for awhile, still waiting on news from FSCS to declare Picture Financial in default.
" I live in hope"!!!

Some interesting news 17th March, on link below regarding PPI.

http://www.mortgagesolutions-online.com/public/showPage.html?page=847296


Apparently over 90% PPI claims being paid put :money:

Hi there hunni, how are you?:A

Good to see you here and hope your well.

Hope you and Pinknico and everyone else who are waiting, hear soon of some good news, good luck.;) XXX

busbyh

di3004 wrote: »

Hi there hunni, how are you?:A

Good to see you here and hope your well.

Hope you and Pinknico and everyone else who are waiting, hear soon of some good news, good luck.;) XXX

I'm good thanks, just hoping for some news soon for my daughters's sake. The one good thing is , she has managed to to rid herself of the loan with Picture, and add it on to her mortgage, at a much lower interest rate.
XX

di3004

busbyh wrote: »

I'm good thanks, just hoping for some news soon for my daughters's sake. The one good thing is , she has managed to to rid herself of the loan with Picture, and add it on to her mortgage, at a much lower interest rate.
XX

Fingers crossed then hun, hope its soon too.:A , keep us posted, and that is a good thing your daughter has managed to do, good one.:T XX

busbyh

pinknico wrote: »

Hello busbyh, I too am still waiting for the FSCS, surely it can't be too much longer????????????

Hi
I should hope not. I have spoken to them recently and as the advisor stated, it is a drawn out legal process. She did say they have all the information from us that they need and hopefully it should not be too long. (I do recall them saying that last Decemeber also)!!
XX

emmakirks

Thanks to all who helped me resolve my PPI reclaim with First Plus, Turboman especially for the number crunching. We have accepted offer, got requested 8% stat interest and awaiting cheque. Hopefully a settlement figure will show an amount that can be paid off with a personal loan or re-mortgage so can say BYE BYE to them forever.

I hope everyone else gets success and can't believe they are dragging heels with others when our claim went quickly and smoothly! Good luck everyone else.
Emma

di3004

emmakirks wrote: »

Thanks to all who helped me resolve my PPI reclaim with First Plus, Turboman especially for the number crunching. We have accepted offer, got requested 8% stat interest and awaiting cheque. Hopefully a settlement figure will show an amount that can be paid off with a personal loan or re-mortgage so can say BYE BYE to them forever.

I hope everyone else gets success and can't believe they are dragging heels with others when our claim went quickly and smoothly! Good luck everyone else.
Emma

Hiya Emma

Bless you.
Glad its resolved.:T :beer: , and yes Turbo is a godsend with his calculations.:T
Good luck with everything hunni and hope all goes your way.:A

Di
X

amersall

emmakirks wrote: »

Thanks to all who helped me resolve my PPI reclaim with First Plus, Turboman especially for the number crunching. We have accepted offer, got requested 8% stat interest and awaiting cheque. Hopefully a settlement figure will show an amount that can be paid off with a personal loan or re-mortgage so can say BYE BYE to them forever.

I hope everyone else gets success and can't believe they are dragging heels with others when our claim went quickly and smoothly! Good luck everyone else.
Emma

:T:Tthats excellent emma well done:money:good old turbo allways comes up trumps:A:cool:

HarriettPotter

Hi all

Hope someone can answer a few questions for me.

In March 2003 (coincidentally 6 years ago!) I signed up for a loan with Egg for £15600 over 6 years. I remember being advised to take the insurance and I was so desperate I just said yes. Fast forward to last month where my partner reclaimed some Egg card PPI and I decided to do the same.

I sent the first letter template about 3 weeks ago and almost instantly got the 'thanks for your complaint letter'. Tonight, I have checked my Egg Loan (I run a budget sheet and update the new totals every month so I can watch it going down!) and on the Egg website it is showing my Egg Loan total as 0.00 even though I thought I had 3 payments left?! Does this mean they have paid it? I guess I need to wait for a letter, but it's hopeful, right?

Anyway - at the end of last month I had 1177.56 outstanding. I have my original loan letter in front of me and it says:

Principle loan - £15,600
Loan Payment Protection - £1467.65
Total amount - £17067.65
Interest rate 7.9%

Does this mean the total PPI I was expected to pay for the entire term was £1467.65? If so, given that they (may) have paid off my loan, should I expect the remaining £290 odd quid too? I didn't start paying the loan until the May so perhaps they would dock the three months I (hopefully!) won't be paying? Interest was added to that total figure, right? I guess I don't get that back?

What I am trying to ask is - do you generally get the full amount? Or will this settlement of my loan be a sort of 'offer' and I'd best just accept it?

Grateful for any views/experiences..

H x