LloydsTSB PPI Payment

My_Digital_Self

Just adding my story...

27th Jan 2012 - rang PPI claim line & lodged complaint for front loaded PPI on loans taken out in January 2002 (5 year) & January 2003 (3 year) - both repaid early in 2005. I only had Loan reference numbers to hand.
Received acknowledgement letter 1 week later.

13th March 2012 - received letter (dated 7th March) detailing decision & award of £2670.40 calculated to 26th March 2012, to be paid either by cheque or direct to LTSB account.
14th March 2012 - Full payment landed in my LTSB current account today!!!

The letter on the 13th prompted by DH to dig out his paperwork & call.

I can only assume recent press has contributed to the rapid speed with which my claim & subsequent payment were dealt with.
:money:

justintime129

My_Digital_Self wrote: »

Just adding my story...

27th Jan 2012 - rang PPI claim line & lodged complaint for front loaded PPI on loans taken out in January 2002 (5 year) & January 2003 (3 year) - both repaid early in 2005. I only had Loan reference numbers to hand.
Received acknowledgement letter 1 week later.

13th March 2012 - received letter (dated 7th March) detailing decision & award of £2670.40 calculated to 26th March 2012, to be paid either by cheque or direct to LTSB account.
14th March 2012 - Full payment landed in my LTSB current account today!!!

The letter on the 13th prompted by DH to dig out his paperwork & call.

I can only assume recent press has contributed to the rapid speed with which my claim & subsequent payment were dealt with.
:money:

nice one receiving your money so quickly but it winds me up even more to know I'm still waiting for the rest of my payment.

graton111

Hi new to forum looking for help ran a small business took out two loans with ppi. Business ran into difficulties so closed and dissolved company at companies house however i was the guarantor for the loans so i had to pay them back which is fare. I then remembered about the ppi insurance made a claim with Lloydds Tsb was awarded two amounts of £1264.43 and £1428.73 which i thought great that will come off the £10,000 i owe as a guarantor for the business. How wrong i was they sent the money too Treasury as the company is now closed and said as the company is closed you are not entitled to the money but i still have to pay the loan back off the company. I feel this should have come off the loans as this is what i am paying off. Any help on this one.

princesskez26

Getting really pi**ed off now, had an email monday from pauline day, operations manager saying your recalculated refund will be paid within 3 working days, sorry & bla bla, so .... rang up today and said today is the 3rd working day is my money going to be paid today as per '*' email we received monday? Erm im unsure it says 'processing' on the computer so I cannot tell you when you will receive this payment ..... then Lloyds WHY email monday guaranteeing the money will be paid within 3 working days?????????? Has anybody else had this? Getting pig sick now this has gone on since ruddy november :@

miked77

Hi,
I am new to the forum and was just after a bit of advice,i have two business loans with lloyds tsb and have been offered a refund off the ppi on both the loans,but lloyds are saying that as the loans are still active half of the refund must be paid back to the loan, i just want the full amount paying back to my business account
the ppi was paid in one amount when i took the loan out not monthly,and niether loan has had any arrears
thanks

gringo2000

princesskez26 wrote: »

Getting really pi**ed off now, had an email monday from pauline day, operations manager saying your recalculated refund will be paid within 3 working days, sorry & bla bla, so .... rang up today and said today is the 3rd working day is my money going to be paid today as per 'pauline days' email we received monday? Erm im unsure it says 'processing' on the computer so I cannot tell you when you will receive this payment ..... then Lloyds WHY email monday guaranteeing the money will be paid within 3 working days?????????? Has anybody else had this? Getting pig sick now this has gone on since ruddy november :@

Time to set a deadline of 14 days before taking court action I feel. They've unfairly dragged it out it seems, and by asking, you're not getting anywhere - so its time to TELL them.

gringo2000

miked77 wrote: »

Hi,
I am new to the forum and was just after a bit of advice,i have two business loans with lloyds tsb and have been offered a refund off the ppi on both the loans,but lloyds are saying that as the loans are still active half of the refund must be paid back to the loan, i just want the full amount paying back to my business account
the ppi was paid in one amount when i took the loan out not monthly,and niether loan has had any arrears
thanks

As far as i'm aware, this is standard practice if the loans are still active - and you won't be able to get a 'lump sum' in your bank account. The bank are still refunding you, so they're not actually doing anything wrong. You could write to the Ombudsman, but I doubt they'll take your side on this occasion - plus it'll drag everything out for anything up to 12 months+.

gringo2000

graton111 wrote: »

Hi new to forum looking for help ran a small business took out two loans with ppi. Business ran into difficulties so closed and dissolved company at companies house however i was the guarantor for the loans so i had to pay them back which is fare. I then remembered about the ppi insurance made a claim with Lloydds Tsb was awarded two amounts of £1264.43 and £1428.73 which i thought great that will come off the £10,000 i owe as a guarantor for the business. How wrong i was they sent the money too Treasury as the company is now closed and said as the company is closed you are not entitled to the money but i still have to pay the loan back off the company. I feel this should have come off the loans as this is what i am paying off. Any help on this one.

Tricky one this - and I doubt its anything anyone on here will be able to help with. I think this could be one for your solicitor to clear up....

acb

uPayment made straight into business account 2nd March.

Had a PPI reclaim going on since 2010 and was with the FOS since June 2011. Letter came from FOS upholding my complaint due to pre existing medical condition. Sent signed agreement back to FOS and a few days later money was paid straight into my business account with nothing from Lloyds no letter with breakdown of figures for the three loans. Very happy though its been long enough.

Just had a VAT inspection and in pulling out all the old paperwork to shred found an old loan agreement going back to 1998. So will start the whole scenario all over again.

I wish all those still waiting for their money a speedy payment.

acb

JROCK_2

:mad::mad::mad::mad:

Oh well, sent Lloyds a letter giving them 14 days to pay up and nothing. ignorant people.

I will now be starting court proceedings.