PPI Reclaiming Discussion part 4

weeang_2

Sent RBS a letter on 22/05/09 recieved a letter on Saturday 11th July saying that they will not refund any PPI as I took out my mastercard in 2000 thay have said I can take it to the FOS,is there any point if they have already said no.

di3004

kpwll wrote: »

The FOS have a new telephone number just for PPI complaints it is
02032229400

Brilliant, thanks for posting this hun, this will surely come in handy lol.:D;)

Di
X

di3004

weeang wrote: »

Sent RBS a letter on 22/05/09 recieved a letter on Saturday 11th July saying that they will not refund any PPI as I took out my mastercard in 2000 thay have said I can take it to the FOS,is there any point if they have already said no.

Hi weeang

I take it this was the final response from RBS?

If so and they have suggested the FOS, then I would then move this on to the FOS, you have a higher chance of the FOS resolving this for you.
You can download a complaints form on the FOS website, or ring them to arrange for them to post this out to you, and remember as well to enclose copies of correspondence from RBS with the complaints form.
I would go for it.;)
http://www.financial-ombudsman.org.uk/consumer/complaints.htm

There are many that go this direction after, if the business your complaining about does not resolve in your favour, it generally goes in your favour with the FOS, good luck. X

beaniebabe

marshallka wrote: »

142.23 of your repayments would have been towards your PPI.

12500 divided by 72500 = 17.24%

17.24% of the repayments are ppi so 17.24% of £825.00 = £142.23.

You would get back how ever many PPI payments you have made towards the loan in a cheque and then the loan redone without the PPI. Don't know how much the repayments would reduce though as it does not work out by just taking the 142.23 off them???

Thanks Marshalka. Would we get the 8% or any other compensation in addition to this. Do you think the new repayments would make a big difference once the loan is restructured?
Thanks

beaniebabe

dialysis wrote: »

Hi guys hooray got through to them first time!!! :jour claim has gone to Deloittes the man said that we should hopefully hear from them this week and if they did not need further info from us our claim may be sorted this week. I am really really hoping it will it may just stop our repo although i just hope they dont need more info. Keep my fingers and everything else crossed I hope that this applies to everyone elses claim too;)

FANTASTIC NEWS :T I bet you feel so much better now. Lets just hope things come right for you. I will say a prayer for you ! Things are looking up! Well done:T

marshallka

beaniebabe wrote: »

Thanks Marshalka. Would we get the 8% or any other compensation in addition to this. Do you think the new repayments would make a big difference once the loan is restructured?
Thanks

Yes you should get the 8% if the FSCS works in the same way as fos as that is what I am assuming. As regards the repayments then they should reduce a fair bit too as the total of your PPI (if the loan went to full term) would have cost you 142.23 times how ever many months the loan was over in the first place so if you have made say 15 repayments then you would get 2133.45 back as a cheque (and 8% statutory interest) and the remaining PPI and interest would be taken off the balance owing on the loan and then the loan redone.

beaniebabe

marshallka wrote: »

Yes you should get the 8% if the FSCS works in the same way as fos as that is what I am assuming. As regards the repayments then they should reduce a fair bit too as the total of your PPI (if the loan went to full term) would have cost you 142.23 times how ever many months the loan was over in the first place so if you have made say 15 repayments then you would get 2133.45 back as a cheque (and 8% statutory interest) and the remaining PPI and interest would be taken off the balance owing on the loan and then the loan redone.

Thanks Marshalka
I think I get it. :T I have paid 24 repayments to date.
Am I right in thinking that I will get 142.23 x 24 (Plus 8%) back.
What I have had repaid back will be deducted from 12.500 and the balance of whatever this is will be deducted from my loan and the loan restructured.

For example if I were to get 4000 back FSCS would then have to take 8.500 (plus interest) off the loan balance.

Maths was never my subject!!!:o X

dialysis

di3004 wrote: »

Hi dialysis

This is fantastic news for you :T:T:T:j:j:j, I certainly hope it will help as well, it's not your fault you have been waiting for your payout, we will all keep it all crossed for you.:A;)XXXXXXX

Oh received a pm from MSE Andrea in regards of the petition this morning and was informed that MSE Wendy will be back in a week, and she will wait for Wendy to respond to my pm about the petition.;)

Hi Di thanks for that I am not very optimistic and dont wnat to count my chickens but there is a light at the end of the tunnel. Hopefully we will here soon and everything else will fall into place:T

dialysis

gumbi wrote: »

Dialysis,
I honestly don't know. I would assume that a lot of the donkey work has already been done given that Picture have been pending defualt for over 5 months.

Deliotte are a commercial outfit and therefore far more efficient than the FSCS, however the best laid plans and all that.

At the very least you should be able to use this news to buy some breathing space..

Cheers
Gumbi

Thanks Gumbi lets hope it is all worked out quick for everyones sake once again thank you for all the info you have provided for us all your a star!!!:T:T:T

dialysis

beaniebabe wrote: »

FANTASTIC NEWS :T I bet you feel so much better now. Lets just hope things come right for you. I will say a prayer for you ! Things are looking up! Well done:T

Thanks beaniebabe it is a releif to know we are reaching the finishing post we just have to hope we get enough to clear arrears and stop repossession thank you for your prayers:T