MSE News: Banks put PPI claims on hold in defiance of regulator

kpwll

We'll all know for certain when we are still waiting this time next year for a payout!!!


Says to self ' think of extra interest, think of extra interest'

Argues back ' in your dreams, in your dreams'

di3004

kpwll wrote: »

We'll all know for certain when we are still waiting this time next year for a payout!!!


Says to self ' think of extra interest, think of extra interest'

Argues back ' in your dreams, in your dreams'

That is so true.

kpwll

Di, I hope I'm just being a doom and gloom merchant and everything will be sorted soon, (been practising holding my breath tho)

di3004

kpwll wrote: »

Di, I hope I'm just being a doom and gloom merchant and everything will be sorted soon, (been practising holding my breath tho)

I do feel for you though hon, its not nice being told one thing yet they mean another!
Frustrating isn't the word is it??

whizzkid001

Very interesting topic here on what seems to be some of the issues the banks have a problem with - http://www.out-law.com/page-10509

audley16

Just a thought but is this fraud?

The banks have in many cases not only mis-sold through inappropriate advice but also they duped many customers into parting with money for PPI that the client did not even know about. They now refuse to listen to complaints and the public has no idea of what is going on.

Perhaps individuals should report Lloyds to the National Fraud Reporting Centre here - actionfraud.org.uk/report_fraud

mrs_skint

Just rang Barclays about my PPI. They received my acceptance letter on 1st October (my claim was upheld by FOS - took 2 years but got there in the end!). I asked them what is happening to claims that have been upheld and they said they were still dealing with them and that mine would definitely be settled.

rhoobarbcrumble

Hi everyone.

Just to let you know, my husband phoned LloydsTSB this morning to enquire whether he would still get his ppi refund - acceptance letter signed, and also received a letter dated 5th October showing the figure to be paid in to his bank(within 45 days). He was told this morning that on the 8th EVERYTHING ppi related was put on hold and the lady checked to see if his payment had managed to squeeze through, it hadn't, so he won't be getting his ppi refund. I thought that Lloyds had been quoted as saying 'all complaints upheld would not be affected'.

Not happy.

mrs_skint

Barstewards! I thought that the cases that had been upheld by the FOS had to be settled?

rhoobarbcrumble

Sorry, I should of mentioned that my husbands complaint was upheld by Lloyds themselves. It never went to the FOS.
Will that make a difference if they say everything is on hold?