Reclaiming PPI from EGG credit card

BigBilly

Hi there,

This post does not fit neatly in the bank charges or PPI from loans section so I am posting here. I apologize if this is not the correct place to do this.

I am in the early stages of reclaiming my PPI from Egg Credit Card. Has anyone had any success in getting it back from them ?

Egg Credit Card were fined in December 2008 by the FSA £700,000 for mis selling over the phone going back to sales made after January 2005. I suspect it is early days yet as the fine has only just been made. All customers who took out PPI after 2005 have been sent a letter.

My policy was taken out in September 2003 (over the phone whilst eating my dinner btw.....) so EGG are saying my policy predated the FSA investigation. I also notice that Martin Moneysaver states in the PPI reclaim section on here that bank loans PPI were only regulated by the FSA after January 2005. There is nothing about credit card PPI.

I have written anyway using the template letter on here.I believe that I was missold as I have income protection with my job and was not explained the costs of the PPI. Whilst I have closed the account and paid of the card I was shocked to work out that I had paid lots to Egg for this when I did not need it.

Any info gratefully recieved,

militantconsumer

I suggest you also check out:

http://www.consumeractiongroup.co.uk/forum/payment-protection-insurance-ppi/

Read the guides on this site and consider starting your own thread. There is also this are of that site:

http://www.consumeractiongroup.co.uk/forum/egg/

Jaeskimo_2

I have successfully reclaimed on my halifax credit card and received over £10,000, however, they have reduced my credit card limit by virtually the same amount as my reclaim. They did not notify me in advance that they were going to do this and I only found out when they phoned to tell me I was over my credit card limit. On top of that they have instigated a charge of £12 for being over the limit. This smacks of revenge and sharp practice. Has this happened to anyone else?