PPI Reclaiming successes and failures

di3004

debikitch wrote: »

hi there just heard that they gonna uphold my account... the ppi was for 4050 at intrest rate of 9.2% can anyone work out how much i will get... all premiums have been paid up thanks

Hi

Well done to you.:beer:

This can vary and it also depends on how they worded the calculation as well, normally if they uphold in your favour and not an offer then you should also be awarded the 8% interest like a court would award for being deprived of your money.

Did they state if they are calculating the same as the FOS?
If so check the link below posted by Maxdp to give you an idea....
https://forums.moneysavingexpert.com/discussion/1596473

You should receive all you have paid, interest and you may also receive the extra 8% as stated.

You could post up more details and I'm sure someone will be able to take a look at them for you.;)

debikitch

di3004 wrote: »

Hi

Well done to you.:beer:

This can vary and it also depends on how they worded the calculation as well, normally if they uphold in your favour and not an offer then you should also be awarded the 8% interest like a court would award for being deprived of your money.

Did they state if they are calculating the same as the FOS?
If so check the link below posted by Maxdp to give you an idea....
https://forums.moneysavingexpert.com/discussion/1596473

You should receive all you have paid, interest and you may also receive the extra 8% as stated.

You could post up more details and I'm sure someone will be able to take a look at them for you.;)

yes they said would uphold all premiums paid plus interest paid on amount plus 8% a court would find so still no wiser to how much????? thanks for reply

amersall

debikitch wrote: »

yes they said would uphold all premiums paid plus interest paid on amount plus 8% a court would find so still no wiser to how much????? thanks for reply

You will need to post loan term, ppi amount, monthly payment just for ppi,loan start date and loan end date.I am sure someone will come along and look at the figures for you, i can do the 8% on the calculator on this site so you know what the 8% is but i will need the loan start and end date and the ppi only monthly amount, you will get the ppi amount total you paid then all you need is the interest, i am not sure how this is worked out , but someone i am sure will come along and help you with this. And well done on your win :T

sukimia

Hi all

Received cheque from Black Horse yesterday for £3614.:j Am absolutely delighted as it will make such a difference to us. :beer:

I really can't thank everyone on here enough for their help, keep up the good work. :T

Im just about to start some others for PPI on store/credit cards we had so I will be asking for some more advice pretty soon I think.:rotfl:


Thanks everyone again.:A

amersall

sukimia wrote: »

Hi all

Received cheque from Black Horse yesterday for £3614.:j Am absolutely delighted as it will make such a difference to us. :beer:

I really can't thank everyone on here enough for their help, keep up the good work. :T

Im just about to start some others for PPI on store/credit cards we had so I will be asking for some more advice pretty soon I think.:rotfl:


Thanks everyone again.:A

Well done on your win:money:

di3004

sukimia wrote: »

Hi all

Received cheque from Black Horse yesterday for £3614.:j Am absolutely delighted as it will make such a difference to us. :beer:

I really can't thank everyone on here enough for their help, keep up the good work. :T

Im just about to start some others for PPI on store/credit cards we had so I will be asking for some more advice pretty soon I think.:rotfl:


Thanks everyone again.:A

Fantastic, :T Well done and Congratulations!:beer:

pjgoober

I've been lurking around these parts for a while, but I thought I'd register to post that after very nearly giving up when fobbed off after I first complained about my PPI (over a year ago) I finally got Lloyds TSB to accept they were wrong and cough up the £1200+interest on my £5000 graduate loan.

Many thanks to Martin Lewis and everyone involved in Money Saving Expert, as I would not have done this otherwise.

:-D

di3004

pjgoober wrote: »

I've been lurking around these parts for a while, but I thought I'd register to post that after very nearly giving up when fobbed off after I first complained about my PPI (over a year ago) I finally got Lloyds TSB to accept they were wrong and cough up the £1200+interest on my £5000 graduate loan.

Many thanks to Martin Lewis and everyone involved in Money Saving Expert, as I would not have done this otherwise.

:-D

Hi and welcome that is fab, well done :Tand Congratulations:beer:

amersall

pjgoober wrote: »

I've been lurking around these parts for a while, but I thought I'd register to post that after very nearly giving up when fobbed off after I first complained about my PPI (over a year ago) I finally got Lloyds TSB to accept they were wrong and cough up the £1200+interest on my £5000 graduate loan.

Many thanks to Martin Lewis and everyone involved in Money Saving Expert, as I would not have done this otherwise.

:-D

Well done :j:jgreat result:money:

willow70_2

i have recieved my final response today i can not understand it!! they have offered be a refund of 4606.00 and a restructer of my exsiting loan. there are no calculations on how they got this amount. also i have 14 days to sign which was monday. any ideas what i should do i am so confused!!