PPI Reclaiming Discussion Part 5

wiganwayne

Right guys first of all let me start by saying what a wonderful help this site has been . lots of people i know have made ppi claims and used brokers to help claim the money back, so without this site i would have done the same. SO THANK YOU VERY MUCH

last month i sent off to reclaim ppi on 4 credit cards that i have had in the past and believe ppi was miss sold on them all (2 with mbna and 2 with lloyds tsb) 1 of the mbna ones have already paid out and the other i have been told is being investigated further
the lloyds ones i have heard nothing other than letter to say they where looking into things. that was until today when i recieved 2 phone call from lloyds saying that they needed more details from me. each time they asked me the same questions what year did i start working for the company i was with when i took out the cards, what was my job title, how would i have been covered if i had been out of work and also did i have any other ways to make payments if i wasnt working. the thing is i answered these questions when filling in my initial claims forms. is this just a case of lloyds using stalling tatics?? has anyone else recieved similar call from them??

after they had asked me these questions i asked if the claims where being upheld but they just said they would know by the end of today and couldnt tell me anymore Grrrrrr

Mat_Jam_Spa

magpiecottage wrote: »

Why do you think you are entitled to your money back?

Because until I asked the question of what ASU was (having dug out my original paperwork) I had no idea what I was paying for.

shybones

I am paying a ppi on a loan i have had with hsbc for many years do i need to cancel this before i can make a claim. I can't remember how i was sold this insurance.

american_bulldog

got acount numbers from blackhorse that all had ppi on but no paperwork the loans were joint with my wife.would I be better getting all info with a sar letter and if so can it be a joint letter with one £20.00 payment.plus the loans were at a previous property and they have all been paid off.sorry for so many questions.

[Deleted User]

shybones wrote: »

do i need to cancel this before i can make a claim.

Cancel nothing.
Go here and follow the simple steps:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Nitamcc21

SOOOO Happy that I found this forum about PPI! I love it when I see people getting their money back. I understand why all the pensioners keep their money under the mattress now! Its helped me no end... just got to wait for the money to come in now - awful when you realise how much they are taking off you underhand... Naughty banks!!

Neets

tyeardley

Hi, I had a bank loan with the Halifax from 2002 - 2004 and have followed the guidance on claiming back my PPI charges.

I'm pleased to say today they offered me £1197.63. Made up of £421.67 Refund of payment, £270.60 Refund of Interest @9.3% and £505.36 Interest @8%.

This is all great news, however I wanted some advice on whether to accept this offer or hold out for more? I was initially sold PPI having being told I needed this to be accepted for the loan AND in 2003 I did actually try to make use of the PPI whilst off work after having my appendix removed and they refused to payout, which effectively made it worthless!

I also had a loan with Yorkshire Bank from 1999 - 2002 again I was told I needed PPI to be accepted, is this too old to claim for?

Many Thanks in advance for any help/info.

[Deleted User]

tyeardley wrote: »

I wanted some advice on whether to accept this offer or hold out for more?

Nothing more to hold out for. Your offer is full redress.

amersall

shybones wrote: »

I am paying a ppi on a loan i have had with hsbc for many years do i need to cancel this before i can make a claim. I can't remember how i was sold this insurance.

Never cancel loan PPI as they will reset the loan and your term and apr could go up, if you win mis sell then the loan will be reset and the whole PPI amount taken off the loan and the loan will continue with the same term and apr.

You should cancel Credit Card PPI as this is a monthly payment and makes no difference to the account.

amersall

I also had a loan with Yorkshire Bank from 1999 - 2002 again I was told I needed PPI to be accepted, is this too old to claim for?

If you have the account number and reasons for mis sell then put a claim in.

If you paid the PPI in with the loan monthly payment then this is Single Premium PPI that you pay back to term end with interest, this is the most upheld of all PPI reclaims.