PPI Reclaiming successes and failures

amersall

Happy_David wrote: »

Sadly I have nothing, i think i paid all what was owed in a lump sum to stop it going further, so although it defaulted, they should still have the paper work. Another sadly is I cant remember if the loan actually had PPI on it, im just trying to find out. Oh yes, i have the account number, as i still shows up on my internet banking. I rang round Citi, until i found the correct people who i needed to spk to , and they said where to send the £1, and now thats all, cashed and a thank you letter.

Hi there, put a letter into citi with the account number and the address
where you lived when the loan was taken out,from the account number they should find this account. Tell them you believe you were mis sold payment protection on this loan (put your reasons) and you would like ppi returned with interest.(Dont tell them you dont know if ppi was on there)If they tell you there wasnt ppi on this loan then give fos a ring, as How do they know this if they cant find paperwork? give it a go you have nothing to lose, keep us posted

amersall

Sdstew wrote: »

Hi,

I have just received my 1st response letter of 5 claims i have. It is from MBNA whom i have a C Card with stating they are currenly investigating my complaint and will respond again in 28 days. Is this the norm (good or bad)? I also have a Virgin C card which again is MBNA so awaiting something for that!

Is anyone else in or have been in this position??

Sdstew

Hi there and welcome, this is the norm, you have to give them time to look into your complaint, you may even get a second letter asking for more time and you should let them as this way would be quicker than going to fos at this stage.They have at least recieved your complaint and aknowledged it. Good luck with this and keep us posted

pinger2006

Hey guys, im after a bit of advice.

After discovering my mother-in-law was paying £200 a month on PPi i decided to reclaim on her behalf. First i sent the initial letter to first plus to which they responded saying i had no case and we wernt misold the policy, so i then sent a second letter telling them they had 14 days to reconsider or i would go to the ombudsman.

8 weeks later! the mother-in-law has today received a letter saying that as an offer of goodwill they will payback £13500 plus interest off the loan!! (no doubt im in the good books now!)

Just wondering if you guys think we should accept or tell them we are still not happy and want more?? this is a substantial amount of money so i dont want to loose their offer but surely this is an admission that they are in the wrong??

Im not entirely sure how much she is entitled to or how i could work it out.

any advice will be appreciated.

craftyclare

• What were you reclaiming: PPI
  
• Who was the provider: Barclaycard
  
• How much did you get back: £2659.50
  
• Did you get it back after a letter or did you go to the Financial Ombudsman: Just one letter!

I just want to share my PPI tale with you.
I was telephoned out of the blue back in February by a company called EMC offering to reclaim mis-sold PPI on my behalf. They were confident that they could get my money paid back on 2 loans, A & L and Northern Rock and a Virgin Credit card. They did this successfully and I got a total of £5668.65 minus their 25% of course! I was happy with this as the the two loans had just ended and the amount from Virgin was taken off the card balance.

However, EMC wouldn't deal with Barclaycard for me for some reason so I decided to go for it using the template letter from this site.
I sent the letter on 15th May and today received a letter admitting they had mis-sold PPI and offering £2659.50. This will come off my balance as before but with NO FEES!! :j
Thank you to this site for giving me the confidence to go for it, I only wish I'd done this myself back in Feb.

amersall

pinger2006 wrote: »

Hey guys, im after a bit of advice.

After discovering my mother-in-law was paying £200 a month on PPi i decided to reclaim on her behalf. First i sent the initial letter to first plus to which they responded saying i had no case and we wernt misold the policy, so i then sent a second letter telling them they had 14 days to reconsider or i would go to the ombudsman.

8 weeks later! the mother-in-law has today received a letter saying that as an offer of goodwill they will payback £13500 plus interest off the loan!! (no doubt im in the good books now!)

Just wondering if you guys think we should accept or tell them we are still not happy and want more?? this is a substantial amount of money so i dont want to loose their offer but surely this is an admission that they are in the wrong??

Im not entirely sure how much she is entitled to or how i could work it out.

any advice will be appreciated.

Hi there, and welcome. i love a win with fp:D, the amount you get back is the ppi monthly amount for the months you have paid, you dont get back what you have not paid ,then you get the interest on these payments back.(As this is a goodwill gesture you dont get the 8%interest that fos would award).The ppi total amount is taken off the loan and your monthly payment reduces by the ppi monthly amount, (this is if the loan is still running) have they given you a breakdown of these figures? the offer of 13500 may be the ppi they are taking off the loan, you will get the ppi you have paid to date back to you with interest on these payments, WELL DONE!!
take a look at this website
firstpluscomplaints,co.uk
this was set up by a guy who hates fp with a vengeance, take a look and have your eyes well and truly opened about this company, also they will be glad to hear of another win xx

bl0tt

Hi,

I posted a few months ago after cancelling the PPI on a loan with Abbey. I was refused the promised percentage refund of premiums which amounted to about £500.

After sending off your template letter I have now had confirmation that Santander will refund all payments etc. with interest. This totals almost £2000!

Thank you so much for all your help and advice.

Don't you think it's a tad foolish on Santander's part to refuse the initial request? If this is how they choose to spend our cash then I do not think they are responsible bankers.

Thanks again, Sally

jimmyay

I just got nearly £3000 back from Halifax, including the 8% interest.

Just goes to show how scandalous this insurance was - the loan was only just over £5000.

They were very fast and reasonable and i am happpy. Go for it people.

amersall

:beer::beer: well done again to all this weeks winners :j:j
excellent wins :A

MoodyBlues

Congrats to those who have recently won, and for those that haven't yet - be persistent!
I am not sure how much I will get yet but will keep you all posted!

amersall

MoodyBlues wrote: »

Congrats to those who have recently won, and for those that haven't yet - be persistent!
I am not sure how much I will get yet but will keep you all posted!

:money: You will get lots of spondoolies :cool: and cash :rotfl:of course:p