PPI Reclaiming successes and failures

farrka

Thank you.

di3004

farrka wrote: »

Thank you.

Your very welcome.;)

amersall

Stevoguy wrote: »

Thanks.

GB are a claiming company and had my alarm bell ringing when the initial £50 was dropped to £10 when I said I couldn't make payment till this Friday!?

I think this is something I will try going at alone then.

Thanks again and I will post with any further queries and the outcome of my claim

Hi there, do this yourself, all it will cost you is a stamp !!!! claims cos cannot do anymore for you than you can do yourself and banks deal with anyone making a claim.Only thing is, you give the company 25% and upwards not including vat, do it yourself and you are quids in.

amersall

farrka wrote: »

I have been made an offer from FirstPlus but they have said that the interest that has accrued should be added to my loan as they would not be following the FOS guidelines. Does anyone know if that is correct? I personally think they are pulling a fast one!

By the way this website is brilliant

Hi there, you will get full redress from fp as per fos guide lines. You will get ppi monthly payments made to date back with the interest on those payments back to you,The total ppi comes off your loan balance, but the interest they are talking about is the interest that they took off your loan when they took the monthly ppi.Because they have to put your account back without ppi then that interest should not have reduced your loan as it should not have been there.Hope you understand this.x

amersall

alfie26 wrote: »

i recieved a payment on monday for £1997 from lloyds:beer::beer::beer: thanks to all who helped on this site

i also recieved a letter from fos today saying that lloyds have agreed to refund ppi on a credit card:j:j this is great news becase it has being going on for 16 months,,,i thought it would take longer becase the last i heard from fos lloyds had not replyed to the adjudicator decision and it was in the queue for the ombudsman, but they have now agreed with the adjudicator at last.:rotfl::rotfl::rotfl::rotfl:

thanks again to all the advice and help i recieved on this site

:beer::beer: WOW.:j:j:j well done :money::money:

HAVEFAITH

took nearly a year but i am glad to report lloyds tsb ins have just paid me £8,300 on a 22k loan .... 5k of premiums + the diff in premium int + 8% simple int. I think you would call that a result!:j:j:j

di3004

HAVEFAITH wrote: »

took nearly a year but i am glad to report lloyds tsb ins have just paid me £8.300 on a 22k loan .... 5k of premiums + the ddiff in prem int & 8% simple int. I think you would call that a result!:j:j:j

That is absolutely wonderful.

Well done and Congratulations!:T:beer::j

amersall

HAVEFAITH wrote: »

took nearly a year but i am glad to report lloyds tsb ins have just paid me £8.300 on a 22k loan .... 5k of premiums + the ddiff in prem int & 8% simple int. I think you would call that a result!:j:j:j

:jA VERY GOOD RESULT :beer::money:

farrka

amersall wrote: »

Hi there, you will get full redress from fp as per fos guide lines. You will get ppi monthly payments made to date back with the interest on those payments back to you,The total ppi comes off your loan balance, but the interest they are talking about is the interest that they took off your loan when they took the monthly ppi.Because they have to put your account back without ppi then that interest should not have reduced your loan as it should not have been there.Hope you understand this.x

That makes complete sense - thank you very much.

phantom9

Thank you Martin! First I reclaim all my bank charges from Barclays, now huge success with my PPI charges! :j:beer::j

I sent a covering letter and completed questionnaire two months ago to my credit card company, Smile.co.uk. I got a reply after a month saying they are dealing with the matter, making enquires but will get back to me no later than 28 September (a few days before I could go to the FOS)

Today I received a letter informing me that, following the investigation into my PPI complaint that the bank are prepared to offer a full refund of the premiums paid, the interest applied to the premiums and an additional 8% interest on these amounts totalling £7087.21. This all dates back to early 2004 when the credit card was taken out! I have no memory of ever agreeing to the PPI being added to my account, and until a few months ago had no idea I could claim them back!

I urge anybody else in a similar situation to at least try to reclaim, I got all that money back and interest all for the cost of a first class stamp!

Thank you again Martin