PPI Reclaiming discussion

skap7309

Hi i had a claim success but the interest was woefully short, do i have a claim to be made on the interest lol!

Basically the £485 returned from a loan i had 6 years ago would mean around £220 interest (based on the £485 not being in my account for the last 6 years @ 8% interest) but Lloyds have only given £84 and told me how it works out but i cannot understand it. Does anyone think this makes sense and the figure should be around £220? Thanks.

angelwillow

Just been looking at my 'agreement' from Lloyds - all details are written in and I have signed it but the box for the ppi has been printed with an 'x' and not filled in at same time as the rest.
Is it worthwhile pursuing? Am sure I was not talked to about this but don't have any 'proof'.

m.colak

skap7309 wrote: »

Hi i had a claim success but the interest was woefully short, do i have a claim to be made on the interest lol!

Basically the £485 returned from a loan i had 6 years ago would mean around £220 interest (based on the £485 not being in my account for the last 6 years @ 8% interest) but Lloyds have only given £84 and told me how it works out but i cannot understand it. Does anyone think this makes sense and the figure should be around £220? Thanks.

I think you have two options here as i don't think they will budge on this. Take them to court for £156 or accept the offer. I don't really think i could give any advice on this. You could write a letter back saying that you accept the offer of £84 but without prejudice you will be seeking the remaining amount through court.

m.colak

angelwillow wrote: »

Just been looking at my 'agreement' from Lloyds - all details are written in and I have signed it but the box for the ppi has been printed with an 'x' and not filled in at same time as the rest.
Is it worthwhile pursuing? Am sure I was not talked to about this but don't have any 'proof'.

Them automatically printing the box with an X removes all choice from the equation so therefore yes you have a case as cleary you weren't given a choice.

m.colak

Ickey07 wrote: »

Hi, I have taken out a loan with beneficial finance but cancelled the ppi in the hope of finding at a cheaper rate online from an independent company.
Can anyone recommend a good place go for this?
I tried MLs articles on the subject but not quite what i'm looking for.
Thanks

I'm sorry i don't understand are you asking whom you should get PPI insurance with?.

m.colak

angelwillow wrote: »

Just been looking at my 'agreement' from Lloyds - all details are written in and I have signed it but the box for the ppi has been printed with an 'x' and not filled in at same time as the rest.
Is it worthwhile pursuing? Am sure I was not talked to about this but don't have any 'proof'.

When you send them a letter next (registered) include a copy of the agreement and highlight the box with the printed X to show that the choice had been removed and therefore you're weren't given the option at the time.

Ickey07

m.colak wrote: »

I'm sorry i don't understand are you asking whom you should get PPI insurance with?.

hi m colak. sorry, exactly that. I'm pretty sure I can get it cheaper although I haven't quite worked out what they were asking as his is my first loan.

csalter456

Hi could someone please help me as anyone had any joy claiming money back off the royal bank of scotland on there ppi insurance, I started the claim againist them on 29th october 2007 after every 28 days i keep getting a letter saying we are dealing with your claim and will write again within 28 days with a desion or to up date up as you can guess i keep getting them asking for another 28 days many thanks Craig :mad:

m.colak

Ickey07 wrote: »

hi m colak. sorry, exactly that. I'm pretty sure I can get it cheaper although I haven't quite worked out what they were asking as his is my first loan.

You can get loan protection insurance from many places just type in loan protection insurance in google and you'll find a few and then its a matter of finding the one you like. Unfortunately thats all i can advise. I have one protecting my mortgage with zurich which for me and my wife is about £25 a month for 25 years but there are probably better ones out there.

m.colak

csalter456 wrote: »

Hi could someone please help me as anyone had any joy claiming money back off the royal bank of scotland on there ppi insurance, I started the claim againist them on 29th october 2007 after every 28 days i keep getting a letter saying we are dealing with your claim and will write again within 28 days with a desion or to up date up as you can guess i keep getting them asking for another 28 days many thanks Craig :mad:

Get the FOS involved as they sound like their just stalling.