PPI Reclaiming Discussion Part 5

geeka

Thanks everyone, helpful as always. I was very financially stupid at that time and got in a right mess so wouldn't be surprised if I did tick the box!

roughbeats

Hi.

Wondered if anyone else has had any success at claiming for PPI a 2nd time?

I claimed a few years ago from Lloyds bank for a past credit card I had with them for a few years and I received approximately £1000 compensation for PPI charges I never asked for. That was amazing and was very happy with that.

I recently have had a rash of calls from PPI claims companies telling me that I should claim again (thru them of course) as over the last 2 years the banks have been found to have given too little compensation! Is this correct?

I obviously don't want to sign up to any PPI claims company but wondered if I should attempt to reclaim again from Lloyds if this is indeed the case? Does anyone have any experience of this and what would be the correct way of going about this? I'd really appreciate any help on this.

Thanks

dunstonh

I recently have had a rash of calls from PPI claims companies telling me that I should claim again (thru them of course) as over the last 2 years the banks have been found to have given too little compensation! Is this correct?

Do not under any circumstances use them to do this.

A number of banks have been told to revisit old complaints. It is not driven by the individual. The banks and card providers are automatically doing it again. So, adding a CMC to the equation means they take a cut of something that was going to happen anyway.

If the provider is not one of those instructed to review old complaints then you dont get a second chance. They do not have to reopen or review the previous decision and can just refer to the same reason they gave in the first place.

Boogiesnoop

Go for it. My neighbour told me she'd done it and had received £8k. I claimed against some VERY old accounts and I am now £24.5k better off. New kitchen has been ordered :T

Nasqueron

Boogiesnoop wrote: »

Go for it. My neighbour told me she'd done it and had received £8k. I claimed against some VERY old accounts and I am now £24.5k better off. New kitchen has been ordered :T

And you would have been 12k better off yourself if you had sent in your own complaints instead of paying a claims company to fill in a form and post it off

swordo

I used Singer and Freidlander for a loan on a car back in 2004. I understand that they have gone into liquidation and or have been bought over by an Icelandic company, but of course this may have also gone belly up.

How would I be able to find out if I was duped into paying PPI if a loan company has gone bust, I do have a carbon copy of the agreement and cannot see anything but it could well be hidden in the repayments unbeknown to me.

Thanks

Davejfernandez

Don't know if I'm posting in right place. I had an Alliance and Leicester loan with PPI - when this all started they sent me a letter to sign and £300 if I didn't claim in future. Is this legally binding cos it's wound me up for years!

Nasqueron

swordo wrote: »

I used Singer and Freidlander for a loan on a car back in 2004. I understand that they have gone into liquidation and or have been bought over by an Icelandic company, but of course this may have also gone belly up.

How would I be able to find out if I was duped into paying PPI if a loan company has gone bust, I do have a carbon copy of the agreement and cannot see anything but it could well be hidden in the repayments unbeknown to me.

Thanks

PPI cannot be hidden, that is a claims company myth, it would be on the documents you signed.

Moot point though as its pre-2005 from a car dealership so before regulation so your case could be dismissed anyway with no access to the FOS even if they were still trading

amersall

Davejfernandez wrote: »

Don't know if I'm posting in right place. I had an Alliance and Leicester loan with PPI - when this all started they sent me a letter to sign and £300 if I didn't claim in future. Is this legally binding cos it's wound me up for years!

You accepted and signed for the offer, you could try asking them to look at this again, nothing ventured nothing gained.
Do you have any paperwork for this loan?.

Boogiesnoop

True, but I wouldn't have done it