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Letter from Barclays saying they may owe me PPI

justdaz
justdaz Posts: 2 Newbie
in Reclaim PPI & other insurance
Hi

I received a letter from barclays today basically saying they may owe me PPI. the letter included full details of my loan and so on and also a breakdown of how much PPI id be paying over the length of the loan.

1st off do banks send letters out like this and 2nd what would you advise me to do next!?

Thanks
Daz

Comments

  • -taff
    -taff Posts: 15,595 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fill in the form and complain, and send it back to them.

    Yes, banks are doing this to start a timebar on future complaints.
    Non me fac calcitrare tuum culi
  • dunstonh
    dunstonh Posts: 121,366 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    1st off do banks send letters out like this

    Yes. Its a CCL. It allows the to start the timebar. It only lets you know you had PPi and you have the right to complain. it doesnt indicate any likelihood of success. it is purely to activate the timebar.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • justdaz
    justdaz Posts: 2 Newbie
    ok thanks for your replies.

    I've been told I cant actually claim any PPI until the loan term is over!?

    is this right!?
  • dunstonh
    dunstonh Posts: 121,366 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I've been told I cant actually claim any PPI until the loan term is over!?

    Do you mean claim or complain?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • -taff
    -taff Posts: 15,595 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You can complain at any time you like. If you are successful, they can restructure the loan so you are paying less each month instead of recieving the money yourself.
    Non me fac calcitrare tuum culi
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    "1st off do banks send letters out like this and 2nd what would you advise me to do next!?"

    1) Well yes, as you've seen
    2) Reply/contact them
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