PPI Reclaiming Discussion part 4

bernice_2

I have claimed against A&L via MBNA. the FSA have said for them to pay up plus £200 compensation. Its all good news except they havent replied to the fos and so its now going to the adjudicator for a decision.
Does anyone know how long this will take? The FSA have contacted me to let me know whats happening.
Every time i ring A&L to cancel the ppi they keep phobing me off with an upgrade at "no extra cost to me" I keep telling them i JUST WANT TO CANCEL!!!!!!!! The FSA did say that it would automatically be cancelled when the claime has been payed.
bernice

di3004

bernice wrote: »

I have claimed against A&L via MBNA. the FSA have said for them to pay up plus £200 compensation. Its all good news except they havent replied to the fos and so its now going to the adjudicator for a decision.
Does anyone know how long this will take? The FSA have contacted me to let me know whats happening.
Every time i ring A&L to cancel the ppi they keep phobing me off with an upgrade at "no extra cost to me" I keep telling them i JUST WANT TO CANCEL!!!!!!!! The FSA did say that it would automatically be cancelled when the claime has been payed.
bernice

Hi Bernice,;)

I take it you mean the FOS.;)

I think the FOS should give them a sort of timescale, but generally they say about 28 days ( month) from resolving this.

I know there are many with complaints against A&L and there is a possibility that they are delayed, but ask the FOS if you do not hear within a reasonable amount of time (with a certain date) can they chase them up for you.

Hope you hear soon hun, good luck.;)

Di
X

bernice_2

hi di.
thanks for that. yes i do mean FOS. I am hoping to hear soon

di3004

bernice wrote: »

hi di.
thanks for that. yes i do mean FOS. I am hoping to hear soon

Hiya hun.

(I do love your name).:A .

Fingers crossed for you hunni, and keep us posted, that will be cool thanks.

Di
X

Turboman

Pixie983 wrote: »

Ok so I've just phoned them - twice (they are so rubbish!) and my current balance is £15,526.88 :eek: which is AFTER the refund of £5310.34 has been applied to my account. I have asked what my balance was before the refund was applied but apparently they can't see the screen that shows this information so they are going to send me out a statement for the last month. Also my current interest rate is 11.5% and my new monthly payment is going to be £198.70 (add a few pence as they have taken £10 less this month - their mistake they tell me). So basically my settlement figure is going to be more than £15,526.88. I'm probably being really thick, (well I know I am as I am rubbish at Maths!!) but if I took the loan out for £17000 two and a half years ago and have paid £7,525.00 to date AND I have just had a refund applied to my account of £5,310.34 then how is my balance still over 15k??? I know the interest is high at 11/12% but I can't see how this is right? Or does the £5310.34 they have refunded not actually reduce the balance by that amount? Ah god I'm confused!!

Will look tomorrow Pixie-its more or less what i expected--working on a real complex double consilidated loan with PPi carry over (in another place) --which has to be done tonight--

But can you post your :

Date of change/new amnt to pay/new % from your last % change letter before this last info about the revised monthly pymnt

amersall

di3004 wrote: »

OMG amersall what are they doing??:eek: :eek: , they certainly did waste 3 weeks of this, where its waiting to be moved on.

Well lets hope they put that back where it was, hopefully making its way at the top of the pile, blimey......:mad: , I think they have that many to deal with its starting to get all confusing to them, and I bet it was someone elses form that should have been returned and they sent yours by mistake !!!

Have a good day at work and don't work too hard.:D lol, catch you later, and thanks for all your input on here as well, many appreciate this so much, very helpful of you indeed.:T :T :A

Di
X

your a little diamond di, so encouraging, thanks for that your a star, posted forms back when i was on my way to work lets see how long it is this time before i get it back:rolleyes::rolleyes::D lol

di3004

amersall wrote: »

your a little diamond di, so encouraging, thanks for that your a star, posted forms back when i was on my way to work lets see how long it is this time before i get it back:rolleyes::rolleyes::D lol

Awe you too hun and thanks.:A :A .

They better put this towards the top end of the pile now then , good luck amersall, you show them you don't take no messing, good one.:T :T XXX

amersall

TGIB wrote: »

Hello, ive typed up my first letter and was just wondering if anyone had anymore advice, basically i tried to remove my ppi a year after taking out my loan because my parents told me they would cover it if i run into difficulties. When in branch they told me i needed to apply for a new loan which was then rejected due to my credit rating having gone down, this kept me locked into the agreement and forced me to keep paying for the ppi (around £40pm). The initial loan was for £7000 from may 2005, and im sure the insurance was lumped on at the beginning of the loan aswell and interest added monthly for it but i dont know how to check this?
Does anyone know the address i send my first letter to aswell?? Thanks for any help.

Barclayloan
Dear Sir or Madam,
Account number: [insert account number]

I purchased the above policy from you in [insert date] but now believe that I was mis-sold this policy for the following reasons :


This is due to the fact that I contacted you around a year after taking out the loan after realising i would not need the coverand you informed me that I could not cancel the policy unless i took out a new agreement which i was then told i was inelligable for due to credit rating reasons. As the FSA has now stated ‘no refund’ terms are considered unfair I would like my original cancellation request to be honored and any sums paid returned. At the time my loan should have been kept at the same interest rate and a new credit search should not have been performed as this meant i was effectively trapped in the agreement and forced to continue paying the monthly insurance premium.


Unless you can satisfactorily justify to me that the policy was fair and reasonable I am requesting a full refund of all premiums, and subsequent interest on these payments, that I have paid to date. As I believe I have been deprived of this money I also expect 8% statutory interest, the amount a court would award, to be added to each payment made.
I look forward to a full and prompt response to this letter and for the matter to be concluded within eight weeks or I shall be contacting the Financial Ombudsman to investigate my complaint.
Yours faithfully,
[insert your signature]
[insert your name (printed)]

thats good i couldnt have put it better myself!!

amersall

Pixie983 wrote: »

Ok so I've just phoned them - twice (they are so rubbish!) and my current balance is £15,526.88 :eek: which is AFTER the refund of £5310.34 has been applied to my account. I have asked what my balance was before the refund was applied but apparently they can't see the screen that shows this information so they are going to send me out a statement for the last month. Also my current interest rate is 11.5% and my new monthly payment is going to be £198.70 (add a few pence as they have taken £10 less this month - their mistake they tell me). So basically my settlement figure is going to be more than £15,526.88. I'm probably being really thick, (well I know I am as I am rubbish at Maths!!) but if I took the loan out for £17000 two and a half years ago and have paid £7,525.00 to date AND I have just had a refund applied to my account of £5,310.34 then how is my balance still over 15k??? I know the interest is high at 11/12% but I can't see how this is right? Or does the £5310.34 they have refunded not actually reduce the balance by that amount? Ah god I'm confused!!

hi pixie , you need to ask them for a settlement figure, this will show you what you have to pay back, from your thread it seems they are just telling you the balance as of now, see if the settlement figure is the same as the balance they have just given you xx good luck

kaisersoze_2

Hi all

Have done a search but cant seem to find the address for Bank of Scotland to send my PPI reclaim letter to, does anybody know what it is?

Thanks in advance