PPI Reclaiming Discussion part 4

vindicated

Hi Guys,

Quick question regarding calculations etc.

Barclays mis-sold me ppi but they did not uphold my original complaint, I have since emailed back with evidence my employers provided full sick pay for X amount of time and death in service payment.

Firstly, would this be sufficient evidence to uphold my complaint? I advised them that had the ppi been explained properly then i would have politely declined as i had sufficient cover.

Secondly...going on memory my limit was £2800 and was almost fully used...based on an advice document here it said that for £2500 over three years would be roughly £750 of ppi paid so for arguments sake i doubled that as it was about 6 years i had the card (dont know if ppi was on for the entire time but i guess the banks calculations will advise)

I had the card for 6-7 years, again i chose 6 years as a ball park figure due to not knowing the exact dates etc.

So that would be £1500 of ppi paid...now elsewhere on here i saw that the compensation interest rate is 8% a day? Is this the case?

If so, provided my calculations are correct, 6 years is 2190 days, so would i get interest of 8% over 2190 days?

If thats the case then the figure im looking at is roughly £120 per day in compensation interest? Therefore a grand total of around £262,800??

Err, Im not sure if ive crossed my wires at all so please correct me if i have and provide a rough breakdown of the figure involved.

However if i am right....it surely isnt likely that the bank will pay me that sum of money is it?!

Thanks for your help!

Catty212

Hi all. Could anyone give me a link for letter templates please

cappo

Catty212 wrote: »

Hi all. Could anyone give me a link for letter templates please

H catty don't think we have letter templates anymore, i think we just do the ppi questionaires for the banks and the fos now, check these links out which includes downloadable questionaires, good luck.




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

Catty212

cappo wrote: »

H catty don't think we have letter templates anymore, i think we just do the ppi questionaires for the banks and the fos now, check these links out which includes downloadable questionaires, good luck.




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

Thank you. I've just spent ages looking

cappo

More on the delays in payouts



http://www.dailymail.co.uk/money/news/article-2075457/Fobbed--Banks-set-miss-deadline-paying-billions-compensation-mis-sold-PPI-insurance--A-MILLION-complaints-cope-with.html?ITO=1490

cappo

So goodbye to 2011 (nearly) and welcome to 2012




http://www.dailymail.co.uk/money/news/article-2075481/REVIEW-Highs-lows-2011---Goodbye-gloom-working-improve-future.html

beamerguy

cappo wrote: »

More on the delays in payouts

http://www.dailymail.co.uk/money/news/article-2075457/Fobbed--Banks-set-miss-deadline-paying-billions-compensation-mis-sold-PPI-insurance--A-MILLION-complaints-cope-with.html?ITO=1490

Hi CAP, LLOYDS - LLOYDS - LLOYDS - LLOYDS - LLOYDS :rotfl::rotfl::rotfl:

All the bad publicity that Lloyds have attracted, this stupid bank really cannot expect to be trusted ever again let alone get new customers

RIPS OFF BRITAIN

beamerguy

cappo wrote: »

So goodbye to 2011 (nearly) and welcome to 2012

http://www.dailymail.co.uk/money/news/article-2075481/REVIEW-Highs-lows-2011---Goodbye-gloom-working-improve-future.html

Cappo, nobody should trust these blood sucking leeches, the great thing about the brits and everyone in the UK, WE ARE SILENT BUT DEADLY, in other words we read, take notice and then do our own thing and then companies like the banks will scratch their head wondering what happened.

If Antonio Osorio of Lloyds does return, it is a cert that he will have more stress than he has known in his lifetime as furious customers put the pressure on.

2011 will go down in history as the BIGGEST BANK FRAUD OF ALL TIME, LLOYDS being one of them

miffythesmartbunny

Hi there,

I'm looking after my dad's finances and saw that he had PPI on a loan with MBNA. He has just finished paying off this loan. I sent off for a copy of his original terms and conditions and he has signed his name and ticked that he wanted to take PPI.

However, he thinks he made the initial application over the phone. Could he still have been missold? Could the sales person have advised him to take this out over the phone (He can't remember)? How could I find this out?

We're only starting to tackle his debts that he's been hiding for quite some time. I've just totted up £7468. in bank charges over the last 10 years! _pale_ Any money to help pay off his debts would be a big help.

Thanks,

Miffy

beamerguy

miffythesmartbunny wrote: »

Hi there,

I'm looking after my dad's finances and saw that he had PPI on a loan with MBNA. He has just finished paying off this loan. I sent off for a copy of his original terms and conditions and he has signed his name and ticked that he wanted to take PPI.

However, he thinks he made the initial application over the phone. Could he still have been missold? Could the sales person have advised him to take this out over the phone (He can't remember)? How could I find this out?

We're only starting to tackle his debts that he's been hiding for quite some time. I've just totted up £7468. in bank charges over the last 10 years! _pale_ Any money to help pay off his debts would be a big help.

Thanks,

Miffy

Hi Miffy, welcome.

MBNA sold fraudulent PPI's via St ANDREWS, an insurance group owned by Lloyds Banking Group, yes LLOYDS BANK AGAIN ????

The PPI was not worth the paper it was written on. NOW, if you can answer NO to one or more of the this checklist, you can claim every penny back plus interest.

MBNA is owned by the Bank of America and the CEO IS IAN O'DOHERTY, [EMAIL="ian.odoherty@bankofamerica.com"]ian.odoherty@bankofamerica.com[/EMAIL]

Your job is shout FRAUD from the rooftops, you will be surprised at the result

*Did YOUR BANK explain the full cost of the PPI when you took out the loan?
*Did you specifically ask YOUR BANK for PPI?
*Did YOUR BANK make clear that PPI was optional?
*Did YOUR BANK ask you about your medical history?
*Did YOUR BANK ask you about any existing payment cover?
*Did you know that YOUR BANK added a PPI policy to your loan?
*Do you think YOUR BANK treated you fairly?
*Did YOUR BANK ask if you have any existing medical conditions?
*Did YOUR BANK ask if you were entitled to sick pay from your employer?