PPI Reclaiming Discussion part 4

cappo

Badmonkey696 wrote: »

I am aware they will take a cut, 30% and i did sign agreement yes, but the amount the bank are offering is a lot more than i expected anyway so am happy to accept it, but am just curious as to how much the cmc think they will get as they say not to settle with the back as they will offer less.....

Hi paul the cmc's will always say that , let them sort it out, you can't lose what has already been offered and if your cmc says they can get you more let them do it after all mate that's what your paying them for.

Badmonkey696

Good point, will call the cmc tomorrow and let the know what the offer is and see what they say, thanks for your help :beer:

Tracy022

Hi there

I recently contacted Hsbc to recover some ppi insurance they missold me, ( i was told i had to take the insurance out before i would get the loan).

The ppi cost was on the first loan was £427.84, on a £3000 loan, Hsbc are offering me £750.79 back, my partner however is insistant that the banks should be paying out compensation also and say this isnt enough???

Im confused and asit took me over 20 weeks to get a reply, am wondering whether to just accept this, rather the pass on to the ombudsman. Does anyone out there now if the offer is correct and the best i can get?? any info or advice would be great

beamerguy

Tracy022 wrote: »

Hi there

I recently contacted Hsbc to recover some ppi insurance they missold me, ( i was told i had to take the insurance out before i would get the loan).

The ppi cost was on the first loan was £427.84, on a £3000 loan, Hsbc are offering me £750.79 back, my partner however is insistant that the banks should be paying out compensation also and say this isnt enough???

Im confused and asit took me over 20 weeks to get a reply, am wondering whether to just accept this, rather the pass on to the ombudsman. Does anyone out there now if the offer is correct and the best i can get?? any info or advice would be great

Hi Tracy, they are offering you your payments back plus interest.
I understand your partners thoughts about compensation and if HSBC caused you a problem such as debt collectors, a black mark on your credit rating due to their FRAUD, you could claim damages against them.
Otherwise, accept the offer and do not deal with HSBC again

silv.surfer

For amersall Ref Post 25424
Update on my last Thurs Bank visit with my Neighbour - - To start with when he showed the Claim Form he had been sent, Sickness accident and hospitalisation she said they had sent wrong form and correct one included Redundancy - One up to us !!

Next I asked for Transaction List back to 6 months before Redundancy ( 1 Jan 2008 ) which is when he thinks the PPI was Phone Aggressivly sold at 8.30pm at night - I typed out a request for Transactions back to and including Jan 2008 excluding Aug, Sept and Nov 11 which we had and picked up Dec on visit. - They charged £5 and take 10 days - I know you said didnt need SAR but I needed to see how Bank Charges had impacted when only on JSA. Also asked for copy of PPI Agreement sold over phone - he hadnt signed anything. He has to go in and collect this Wed.

IMPORTANT NOTE For Helpers on this Thread Barclays tried to get my Friend to Fill in the Correct Form over the phone while there - which I stopped - said he hadnt decided which route. SO BEWARE - They are trying to reel people in before they realise what it happening.

I will be going up Mon to explain to him fully costs of both routes - I ask an extra question, what about the £8 Premiums he has paid for over 30 months unnecessarily plus 12 more they want = £336 if he activates on the Insurance that would have been paid after the Repayment 12 months of the Insurance if he had known about it and claimed when Redundant this is his money not Barclays. This will have to be shown that Barclays are not actually paying back as much as they say on an Activated Insurance. Instead of the 1,200 Barclays with him paying Interest and Premium

Another Extra Question - If he had activated Insurence when made Redundant what would Barclays have paid the 10% of, would it have been his last pay slip - they are offering now 10% of 1K Overdraft

beamerguy

silv.surfer wrote: »

For amersall
Update on my last Thurs Bank visit with my Neighbour - - To start with when he showed the Claim Form he had been sent, Sickness accident and hospitalisation she said they had sent wrong form and correct one included Redundancy - One up to us !!

Next I asked for Transaction List back to 6 months before Redundancy ( 1 Jan 2008 ) which is when he thinks the PPI was Phone Aggressivly sold at 8.30pm at night - I typed out a request for Transactions back to and including Jan 2008 excluding Aug, Sept and Nov 11 which we had and picked up Dec on visit. - They charged £5 and take 10 days - I know you said didnt need SAR but I needed to see how Bank Charges had impacted when only on JSA. Also asked for copy of PPI Agreement sold over phone - he hadnt signed anything. He has to go in and collect this Wed.

IMPORTANT NOTE For Helpers on this Thread Barclays tried to get my Friend to Fill in the Correct Form over the phone while there - which I stopped - said he hadnt decided which route. SO BEWARE - They are trying to reel people in before they realise what it happening.

I will be going up Mon to explain to him fully costs of both routes - I ask an extra question, what about the £8 Premiums he has paid for over 30 months unnecessarily plus 12 more they want = £336 if he activates on the Insurance that would have been paid after the Repayment 12 months of the Insurance if he had known about it and claimed when Redundant this is his money not Barclays.

FIRST DAY OF 2012 AND BARCLAYS BANK ARE NOW ON TRIAL BY THE CONSUMER

Bob Diamond, CEO of Barclays said recently he wants to get rid of the JERKS in his organisation, double check you are not dealing with one of his JERKS

smarty12345

Hello money saving experts.
I am writing here as I was thinking about trying to reclaim PPI on my credit card. But Im afraid the "easy" DIY guide on here is just confusing to me.
It talks about getting paperwork and contacting my provider etc and making sure its the right things.
However, I have had my credit card now since at least May 2003. (earliest statment I can find is for Dec 2005 though)
I have no paperwork except for the staments. Don't believe I ever did have any. Im pretty sure I took out this card in branch. But for the life of me can't remember the deatils involved. All I know is, there is a "payment protection" fee on the very first statement onwards. I have a vague recollection of a bunch of pre ticked boxes back then.
but could just have easily been sold to me on the phone between May 2003 and Dec 2005 for all I know now.

My card is a mastercard from Natwest.. Who would I write to, Mastercard or natwest? Which one counts as the provider?

why do I need a copy of the T&C's? Do I need them to reclaim?
And what I am I supposed to do with the PPI Reclaiming Questionnaire ? Am I just supposed to send that to my "provider" and ask for a refund?
The questionaire asks about a policy number and the card account number? how would I know that? The account number I guess makes sense. I can get that from my online bank thingy. But I have no policy paperwork. So is that why I need the T&Cs/credit agreement? would that include the policy numbers do you think? How on earth do I ask for policy deatils on a Policy I have no Number for?
I understand thats a lot of questions to throw out in one go. But as you can see, Im a bit befuddled by it all.
Thanks for any help/advice.
Martyn.

beamerguy

smarty12345 wrote: »

Hello money saving experts.
I am writing here as I was thinking about trying to reclaim PPI on my credit card. But Im afraid the "easy" DIY guide on here is just confusing to me.
It talks about getting paperwork and contacting my provider etc and making sure its the right things.
However, I have had my credit card now since at least May 2003. (earliest statment I can find is for Dec 2005 though)
I have no paperwork except for the staments. Don't believe I ever did have any. Im pretty sure I took out this card in branch. But for the life of me can't remember the deatils involved. All I know is, there is a "payment protection" fee on the very first statement onwards. I have a vague recollection of a bunch of pre ticked boxes back then.
but could just have easily been sold to me on the phone between May 2003 and Dec 2005 for all I know now.

My card is a mastercard from Natwest.. Who would I write to, Mastercard or natwest? Which one counts as the provider?

why do I need a copy of the T&C's? Do I need them to reclaim?
And what I am I supposed to do with the PPI Reclaiming Questionnaire ? Am I just supposed to send that to my "provider" and ask for a refund?
The questionaire asks about a policy number and the card account number? how would I know that? The account number I guess makes sense. I can get that from my online bank thingy. But I have no policy paperwork. So is that why I need the T&Cs/credit agreement? would that include the policy numbers do you think? How on earth do I ask for policy deatils on a Policy I have no Number for?
I understand thats a lot of questions to throw out in one go. But as you can see, Im a bit befuddled by it all.
Thanks for any help/advice.
Martyn.

Hi Martyn,

It is NATWEST you contact, well famous with their owners The Royal Bank Of Scotland (RBS) for selling fraudulent PPI's.

All you need is your credit card number and then use the checklist below


*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?

If you answered no to any one of the above you could be owed thousands of pounds

smarty12345

beamerguy wrote: »

Hi Martyn,

It is NATWEST you contact, well famous with their owners The Royal Bank Of Scotland (RBS) for selling fraudulent PPI's.

All you need is your credit card number and then use the checklist below


*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?

If you answered no to any one of the above you could be owed thousands of pounds

Thank you beamerguy for such a speedy response.
I can probably answer No or unlikely to about half of these statements.
But Im still confused on the actual process for reclaiming.
Is it that I just need to fill in the questionaire I can download from MSE and send it to Natwest ? As the questionaire asks for a Policy number I do not have. Thats my main concern.

Thanks.

amersall

smarty12345 wrote: »

Thank you beamerguy for such a speedy response.
I can probably answer No or unlikely to about half of these statements.
But Im still confused on the actual process for reclaiming.
Is it that I just need to fill in the questionaire I can download from MSE and send it to Natwest ? As the questionaire asks for a Policy number I do not have. Thats my main concern.

Thanks.

You only need the card number,download the letter,fill it in and post it off.