PPI Reclaiming Discussion part 4

smarty12345

amersall wrote: »

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

Thank you amersall for your reply.
Thats great.

amersall

Badmonkey696 wrote: »

I recently submitted a PPI claim against the Halifax but via a PPI claim company, I have now had a first contact and offer from the Halifax for a fee which isnt unreasonable, but the PPI company will want their 30%

What action would you recommend as i would be interested in accepting the banks first offer or are they just trying to avoid paying more via this PPI claim company?

Any help would be appreciated

Paul

If you have been given full redress,ppi paid plus 8% the claims co cannot get you anymore,if the calcs are right accept this,i repeat...the claims co cannot get you anymore back if you have been given the correct redress,dont waste time trying to get more.

If you have not been offered full redress,get the calcs and post the figures on here,someone will tell you if they are correct.

Do not pay the claims co fee until you have the payment in your bank,if they send letters asking for you to pay the % and you have not got the redress,then tell them you will report them to the MOJ.
Also,if you dont think the claims co have done enough work to warrant 30% then ask that they give you a reduction on the fee,ask for a breakdown of the costs involved for them to get you this redress and try and cut a deal.
More than likely,they will have sent the template off this site and you will have filled it in and got the account details etc,this may not get you a reduction,but you wont know until you try.

amersall

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

It may be the last pay pay slip,you need to find out what they would have based the 10% on.

You want full redress for your friend not a measly offer,tell the bank you are looking at taking this to the FOS,as your friend is not happy with redress offered,ask if they could increase it,they ,may not,but you wont know until you ask.

cappo

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 ask them for there calculations and go from there, our calculation guys will have a look at them .

pspiller

Hi just a quick one to save hours of searching, I have received notification from nationwide about two loans both with "optional credit insurance" is this the Same as ppi? Both were taking out before 2007

Any help would be appreiciated

Thanks

Paul

amersall

Not sure with this,ppi is "optional" too.
Are they saying this is not ppi?.

pspiller

Hi,

No that's not the case I have just received all my paperwork from them and on the paperwork is this optional credit insurance basically need to know if that's basically the same thing

amersall

pspiller wrote: »

Hi,

No that's not the case I have just received all my paperwork from them and on the paperwork is this optional credit insurance basically need to know if that's basically the same thing

Yes it is,in your original post it sounded like the bank had responded with
"optional credit insurance,not ppi" so you did not have a claim with them.

pspiller

Hi,

No that's not the case I have just received all my paperwork from them and on the paperwork is this optional credit insurance basically need to know if that's basically the same thing

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