PPI Reclaiming Discussion Part 5

amersall

On a brighter note, if there are any folks out there who find themselves in financial dire straits because of bank charges whilst on benefits, I'd recommend you look up the relevant section in the Social Security Administration Act of 1992 Section 187 (ironic as 187 is the crime number for murder; i.e. banks making a killing) It makes for interesting reading, and a few of my friends have managed to get their money back thanks to this act of Parliament.

Thanks for this xx it will help a lot of people.

gilldee

Yes i downloaded it from this site, we heard back a few weeks later.

gilldee

it was blackhorse who told us when we phoned up to check, that we had payed ppi on all loans, yes we did pay off other loans to get a new ones.

dilus

gilldee wrote: »

Yes i downloaded it from this site, we heard back a few weeks later.

Do as amersall has suggested above, make sure they are aware that YOU know it was front loaded and tell them to reconsider. Keep all previous correspondence as they have already acknowledged that they have records going back that far in their statement "after reviewing your contracts" If they then try to make out they have no records they will look like idiots.
Make it clear you will take it to the FOS if they do not change their decision

kelvot

Hi

I had aloan with halifax in 1998 and was wondering if would eligible to make a ppi claim and if any one else has been succesful with claims from such a long time ago

Thanks

Kelvin

toni66

can i ask how interest is paid, i won my cc claim with nationwide £1,201, how do they calculate the final figure

Thanks
Toni

amersall

They reset the card to a zero balance and calculate the ppi you paid, they return this to you and any time the card was in credit they do not pay you the 8% for those times.
CC ppi is a hard one to calculate, it is not as simple as loans!.

dilus

toni66 wrote: »

can i ask how interest is paid, i won my cc claim with nationwide £1,201, how do they calculate the final figure

Thanks
Toni

Hi toni66,
Credit card redress is very difficult for anyone to work out with accuracy as they have to go back over the whole history of the card and if at any time you would have been in credit had the PPI not been included, then they would have to pay 8% standard interest on top of the PPI paid. I'm afraid you have to trust the banks to come up with an accurate figure, it is so much more complicated than loan redress

amersall

dilus wrote: »

Hi toni66,
Credit card redress is very difficult for anyone to work out with accuracy as they have to go back over the whole history of the card and if at any time you would have been in credit had the PPI not been included, then they would have to pay 8% standard interest on top of the PPI paid. I'm afraid you have to trust the banks to come up with an accurate figure, it is so much more complicated than loan redress

:D Ta x.

dilus

amersall wrote: »

:D Ta x.

You're too quick for me when it comes to typing