PPI Reclaiming successes and failures

liberty_lily

di3004 wrote: »

CONGRATULATIONS LL, SO HAPPY FOR YOU, ABOUT TIME YOU RECEIVED THIS!
WOW, WELL DONE!
:beer::T:j:beer::T:j:beer::T:j:beer::T:j
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DI
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Thanks very much for your support and kind words throughout my battle with Norton, Di - it's very much appreciated xxx :T

di3004

plumfin wrote: »

Egg Success!!

I was called a few weeks ago by a company that claims PPI back and after checking the boards, I decided to try it myself on Egg. I have now had an offer in writing for £1100 on the Egg credit card, which is all the PPI plus 8% interest, and a verbal offer of £3100 on my loan (to be put in writing to me tomorrow), which will clear it in full. This will free up about £250 per month for us which is a lifesaver.

Thanks all for your help and will keep you informed on the others.

Brilliant, Congratulations!:T:beer::j

di3004

smellycat2 wrote: »

Hi all.

I have also started a new thread with this as I wasn't sure of the best place to post to get a quick response. Apologies if that is bad etiquette.

After 3 years since my first letter, I heard from the Financial Ombudsmen regarding the PPI claim that I made from Norton (loan with First Plus), they agreed with me that PPI was mis-sold and that I would hear from Norton within 3 months regarding my refund.

I got a letter from Norton today. They claim that the have contacted First Plus and that they were told I had cancelled my PPI in the first 30 days and a full refund applied to the loan account so no refund is due and that my file has been closed by them on this matter.

1. I have NEVER cancelled this insurance.
2. Surely if the insurance had been cancelled, regardless of by whom, the capital amount would have been reduced?

Here are some figures, I am hoping that someone familiar with working these things out can help me so that I can call First Plus and challenge them:

Amount of Credit: £66000
PPP Loan: 13153.80
Total: 79153.80

Monthly repayments:
Cash Loan: 598.44
PPP Loan: 119.27
Total: 717.71

Number of repayments: 300
APR: 10.4% (variable)

Interest Rate (variable): 9.97%

My current payments are: £762 per month (they have been as high as £814 a couple of years back)

My current balance (taken from my credit report) is: £76882.00

I have stepped through every payment made (also logged on my credit report) and at no point did the end figure represent any difference as should have surely been made had the PPI been paid back).

I have made exactly 48 payments (4 years).

Am I missing something really obvious or are they trying to con me into leaving this and just walking away?

If anyone at all can help me with some ammunition for my phone call, I would really appreciate it very much. If anyone can also see something that I am missing, I would equally appreciate it. If you could also let me know what I need to ask for as proof of what I am paying for (breakdown etc) that would also be great.

I am at my wits end. I can't go back and start all over again. I am reeling from the shock and feel that this is very much unjustified.

Many thanks to all of you.
J x

Hiya

Sorry I'm late posting, I have not long signed back in.

It may be a good idea to request a Subject access request (SAR), they should forward all data going back the last 6 years, so this should prove where cancellation taken place, if you cannot find anything in relation of the cancellation then you have this to go by.

So if you've not done so yet, to request a SAR, use the template letter below, enclose £10 cheque or postal order, they have 40 calendar days to comply.
https://forums.moneysavingexpert.com/discussion/1475553

Let us know otherwise if you have already done this and we shall try to get down to other matters.
Good luck with this.;)

maxdp

LOYDS have today paid my BLRI (Business Loan Repayment Insurance) refund into Business Bank Account. This was through FOS and we signed acceptance forms late September. Got in touch with my Business Bank Manager earlier this week to ask what would happen and Bless him he got them to pay it straight away. So it seems they are still paying out. Fingers crossed all those waiting.

di3004

maxdp wrote: »

LOYDS have today paid my BLRI (Business Loan Repayment Insurance) refund into Business Bank Account. This was through FOS and we signed acceptance forms late September. Got in touch with my Business Bank Manager earlier this week to ask what would happen and Bless him he got them to pay it straight away. So it seems they are still paying out. Fingers crossed all those waiting.

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

di3004

liberty_lily wrote: »

Thanks very much for your support and kind words throughout my battle with Norton, Di - it's very much appreciated xxx :T

Your very welcome LL, just relieved to know they have finally paid this out to you at last.:A:T:beer:.
Di
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munchybunch

acb wrote: »

RBS Success

Cheque came today £6341. Started March 2009 sent to FOS September 2009. Adjudicator allocated in March and RBS agreed refund in September. After reading advice on this wonderful site sent an email to Mr Hester 8th October hence cheque today Hooray

Going to start on Lloyds Business loan PPI Lloyds have already refunded personal loan ppi

Acb

How far back did the PPI go?

smellycat2

Thanks so much. I shall do as advised.

di3004 wrote: »

Hiya

Sorry I'm late posting, I have not long signed back in.

It may be a good idea to request a Subject access request (SAR), they should forward all data going back the last 6 years, so this should prove where cancellation taken place, if you cannot find anything in relation of the cancellation then you have this to go by.

So if you've not done so yet, to request a SAR, use the template letter below, enclose £10 cheque or postal order, they have 40 calendar days to comply.

Let us know otherwise if you have already done this and we shall try to get down to other matters.
Good luck with this.;)

k77mss

hi everyone just thought i would tell you got my cheque in today from first plus £2162 got £6597 off my loan and getting my payments reduced by £50 great result and thanx for all the help i've received from this site this was my first claim and have another 5 waiting for replies here's hoping they all cough up! also it came with letter from tax man getting £1600 back from them!! great day for me just going to get lottery ticket on my way to put cheque in the say it comes in three's lol.xxx

hope there's more good news this week for everybody waiting on this site

:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j

di3004

k77mss wrote: »

hi everyone just thought i would tell you got my cheque in today from first plus £2162 got £6597 off my loan and getting my payments reduced by £50 great result and thanx for all the help i've received from this site this was my first claim and have another 5 waiting for replies here's hoping they all cough up! also it came with letter from tax man getting £1600 back from them!! great day for me just going to get lottery ticket on my way to put cheque in the say it comes in three's lol.xxx

hope there's more good news this week for everybody waiting on this site

:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j

Fantastic :T well done to you and Congratulations.:beer: