PPI Claims to Halifax and Barclaycard

jessica4

Hi all :j....

I would just like a little bit of help or advice please from anyone who has experienced or are going through the same as me at the moment.
I had two credit cards one with Halifax and one with Barclaycard years and years ago. They both defaulted and where eventually passed to a debt recovery agency who I now pay an agreed monthly amount to...one of them even incurred a CCJ!
When I was younger I was in an awful financial situation due to me being an idiot and taking on loads of credit but now I have grown up and am trying to clear my credit report.

I am sure that I had PPI on both of these cards so I sent in my FO complaints form requesting a refund and the reasons why I believe it was mis-sold to me.
I have had a reply from both banks and they have said that they are sorry about what happened etc and that they are looking in to my complaint and I will have an answer from them by 10th April.

Now I would just like to know in your opinion if:

* The 2 banks will find that the original amounts are still unpaid with the debt collection agencies and offer to take any offer they make from these amounts?
* How long will it take for me to get a decision from them? Are either of them known to reply before they say?
* If I do get offered a refund how long will it be until I get the money?

As I have said I am now trying to clear up my past so this money would be a great help to my cause.

Thanks

[Deleted User]

jessica4 wrote: »

* The 2 banks will find that the original amounts are still unpaid with the debt collection agencies and offer to take any offer they make from these amounts?
* How long will it take for me to get a decision from them? Are either of them known to reply before they say?
* If I do get offered a refund how long will it be until I get the money?

If you still have unpaid debts from these accounts then any redress for mis-sold PPI will undoubtedly go towards paying those debts.
The banks are allowed 8 weeks from receipt of your complaint to reply to your concerns.
Once offered and accepted redress is normally paid promptly, but there have been some notable exceptions.
This is rather a waiting game, so do have patience.

jessica4

Thanks moneyineptitude!
I have just been reading through some recent success stories and there was one from yesterday from a lady who claimed back just like me to halifax she posted her letter early feb and got a cheque from them this week...they haven't taken it off her outstanding cards and it was really quick! I hope I get the same haha

MHO_2

I don't understand why you wouldn't want it paying off the debt anyway, so you could get rid and move on?

[Deleted User]

MHO wrote: »

I don't understand why you wouldn't want it paying off the debt anyway, so you could get rid and move on?

Well, it probably would feel as if she got nothing if it just went towards the existing debt. I don't think she will have any say in the matter though.

magpiecottage

jessica4 wrote: »

Thanks moneyineptitude!
I have just been reading through some recent success stories and there was one from yesterday from a lady who claimed back just like me to halifax she posted her letter early feb and got a cheque from them this week...they haven't taken it off her outstanding cards and it was really quick! I hope I get the same haha

Presumably because although in debt it had not defaulted.

You have taken money from them and not given it back.

jessica4 wrote: »

When I was younger I was in an awful financial situation due to me being an idiot

Don't expect them to be. If they find they owe you money they are unlikely to simply give it to you and then ask you to give them back what you owe them.

but now I have grown up

Really? You could have fooled me.

jessica4

magpiecottage wrote: »

Presumably because although in debt it had not defaulted.

You have taken money from them and not given it back.

Don't expect them to be. If they find they owe you money they are unlikely to simply give it to you and then ask you to give them back what you owe them.



Really? You could have fooled me.

Dear Magpiecottage...how old are you? Do you like to judge people who you don't even know? I came on here for some goodwilled advice not to have opinionated insults through at me for gods sake!
I would be careful how you speak to people who you know nithing about you horrible person!

[Deleted User]

jessica4 wrote: »

I would be careful how you speak to people who you know nithing about you horrible person!

Relax, Jess, Magpiecottage is rather like that with almost every poster he replies to!
Check his signature for the reason!