PPI Reclaiming Discussion part 4

gmc1978

I HAVE JUST WON MY CASE AGAINST CITIFINANCIAL REGARDING PPI BUT IM UNSURE ABOUT THE PAYMENT THEY SAY THEY ARE MAKING TO US.... THE LOAN WAS PAID AFTER 1 YEAR IN FULL BUT THEY SAY WE ARE ONLY TO RECIEVE 307 POUNDS THIS DOESNT SEEM RIGHT AFTER THE INSURANCE COST US 1628.61 PLUS THE OMBUDSMAN SAYS THEY HAVE TO INCLUDE 200 POUND COMPENSATION ... ANY HELP WILL BE MUCH APPRECIATED ANY FIGURES NEEDED I CAN GIVE JUST LET ME KNOW ..... THANKYOU ALL ON MSE

marshallka

gmc1978 wrote: »

I HAVE JUST WON MY CASE AGAINST CITIFINANCIAL REGARDING PPI BUT IM UNSURE ABOUT THE PAYMENT THEY SAY THEY ARE MAKING TO US.... THE LOAN WAS PAID AFTER 1 YEAR IN FULL BUT THEY SAY WE ARE ONLY TO RECIEVE 307 POUNDS THIS DOESNT SEEM RIGHT AFTER THE INSURANCE COST US 1628.61 PLUS THE OMBUDSMAN SAYS THEY HAVE TO INCLUDE 200 POUND COMPENSATION ... ANY HELP WILL BE MUCH APPRECIATED ANY FIGURES NEEDED I CAN GIVE JUST LET ME KNOW ..... THANKYOU ALL ON MSE

Is the loan ongoing or paid up and also if paid up was it paid up early?

gmc1978

marshallka wrote: »

is the loan ongoing or paid up and also if paid up was it paid up early?

hi yes the loan was paid one year after taking it ... Loan taken 3/09/2004 paid in full on 16/11/2005......

marshallka

gmc1978 wrote: »

hi yes the loan was paid one year after taking it ... Loan taken 3/09/2004 paid in full on 16/11/2005......

Hi sorry for not reading your post in that you said that your loan was repaid after a year....


Is the amount they offered including the "statutory" interest? Also as this is lower than your actual premium then this "may" have been all you actually paid against the PPI and the rest was refunded/rebated from your settlement figure. You really need a breakdown of the amount and also ask the FOS to check this is correct too.

tiggrae

gmc1978 wrote: »

hi yes the loan was paid one year after taking it ... Loan taken 3/09/2004 paid in full on 16/11/2005......

how much was the original loan for and what was the original loan period?

clairemcatee

tiggrae wrote: »

hi Claire,

you paid the loan / ppi for 12 months - total £4316.04 ( £1272.96 is the PPI element) on the redemption you paid £17400 - which is approximately £1200 over - so a proportion of that will be loan interest and a proportion will be PPI - I'm not sure how they will have worked it out though - do you still have your redepmtion letter?

No and I have had offer today!!! £3396.96!!!
Brill thanks for your offer of help though its been much appreciated

Claire x

clairemcatee

Hi all after successfully claiming against Black Horse for mis-sold ppi i just thought I would pass you all some contact details incase of emergencys!!!


Paul Phillips--Director of Compliance and Operational Risk
[EMAIL="Paul.Phillips@ltsbasset.co.uk"]Paul.Phillips@ltsbasset.co.uk[/EMAIL]
02921 386354

Denise Murphy--His Assistant or equilavant
[EMAIL="Denise.Murphy@ltsbasset.co.uk"]Denise.Murphy@ltsbasset.co.uk[/EMAIL]

Alison Harries--Head of Complaints
[EMAIL="Alison.Harries@ltsbasset.co.uk"]Alison.Harries@ltsbasset.co.uk[/EMAIL]
02921 387034

Rob Jones---Complaints advisor (who dealt with mine)
[EMAIL="RobertJ.Jones@ltsbasset.co.uk"]RobertJ.Jones@ltsbasset.co.uk[/EMAIL]
02912 386759

All the best in your reclaiming, please get in touch if I can help you in any way

Claire xxx

gmc1978

tiggrae wrote: »

how much was the original loan for and what was the original loan period?

HI THERE THE ORIGANAL LOAN WAS FOR 28,378 OVER 240 MTH AT 432.61 PER MONTH AND THEN 1508.61 WAS ADDED AS A SINGLE AMOUNT TO THE LOAN AS TO WHICH INTREST WAS PAYABLE ... DOES THIS HELP ??

tiggrae

gmc1978 wrote: »

HI THERE THE ORIGANAL LOAN WAS FOR 28,378 OVER 240 MTH AT 432.61 PER MONTH AND THEN 1508.61 WAS ADDED AS A SINGLE AMOUNT TO THE LOAN AS TO WHICH INTREST WAS PAYABLE ... DOES THIS HELP ??

the monthly premium of £432.61, was that inclusive of the PPI as well as the loan premium? and how much did you pay back on early redemption?

Nemo58

Hi All,
has anyone any info on how long Barclays take to pay out on PPI reclaim? They agreed to repay me (having gone through FOS Adjudicator). Sent my signed agreement and they rec'd it (according to Adjudicator) on Oct 14th. It is now 6 WEEKS and still nothing. I have spoken to Barclays London office on a number of occasions and was told it was in the system. They even gave me the figure which sounded about right. I was told a letter should have gone to me on Nov 10th (but I rec'd nothing). Was told that the amount probably needed final authorisation (this was when I rang on Nov 20th!). I have been chasing and chasing and have written again to Ombudsman a couple of Days ago (and e-mailed) to try and get some action. It seems I am just being fobbed off and, with bills mounting, I am beginning to think they are not going to pay at all. Is this the case? Can Barclay's now go back on their written offer of settlement which I have accepted? It seems to me that 'winning' a case is just the start of a long drawn out battle to actually see the cash. Has anyone else had all this hassle with Barclay's???? If they have a lot of cases then they should just get more staff! I bet our Bank Charges rejections happen in days! Sorry for length of post. I'm running out of hair to tear out!! Good Luck everyone.