PPI Reclaiming successes and failures

di3004

Good one alfie,very pleasing results :beer: and good work as well helping out family members, bet they are all very proud of you.:A XXX

Suziev1

Sent letters four weeks ago to Capital One, Citibank, HSBC and Vanquis reclaiming missold PPI. First success yesterday with a full refund from Capital One. They are going to pay it off the amount outstanding which is on a DMP but this halves the amount still owing.
Fingers crossed for the rest of them:T:T:T

di3004

Suziev1 wrote: »

Sent letters four weeks ago to Capital One, Citibank, HSBC and Vanquis reclaiming missold PPI. First success yesterday with a full refund from Capital One. They are going to pay it off the amount outstanding which is on a DMP but this halves the amount still owing.
Fingers crossed for the rest of them:T:T:T

WOW, fantastic news, well done :T:T and Congratulations :beer:

megan63

Received letters today from both Blackhorse & MBNA, stating that my claim is on hold as currently the rules which determine how they assess complaint are being considered by the Court as part of legal proceedings between the British BankerAssoc& the FSA and the FSO.

Does anyone have any further info on this and do you think this is going down the same road as the Bank Charges court case?

Mx

nick_paddock653

I was only going through my financial records yesterday and have decided to pursue a case against RBS. I am currently half way through a 5 year loan agreement and was completely mis-sold the loan insurance when i took out the loan. It was only when i looked at my agreement in detail yesterday that I realised that on a £10,000 loan, I will have paid £3550 in loan protection by the end of the agreement! Oh my god! Why did I never take more interest!

I am in a stable job, never wanted payment protection and never needed it. My current contract with the RAF ends in 2014, well after my loan ends.

Have I got a decent case? So far I have calculated that I have wasted just under £1800 on insurance. And by taking it off my current payments for the remainder of the loan, i will be £60 a month better off.

I am feeling more optimistic after reading the success stories on here. Some seem so straight forwards! No doubt mine will be full of complications and take years only to get a big fat no! Any advice appreciated!!

amersall

nick_paddock653 wrote: »

I was only going through my financial records yesterday and have decided to pursue a case against RBS. I am currently half way through a 5 year loan agreement and was completely mis-sold the loan insurance when i took out the loan. It was only when i looked at my agreement in detail yesterday that I realised that on a £10,000 loan, I will have paid £3550 in loan protection by the end of the agreement! Oh my god! Why did I never take more interest!

I am in a stable job, never wanted payment protection and never needed it. My current contract with the RAF ends in 2014, well after my loan ends.

Have I got a decent case? So far I have calculated that I have wasted just under £1800 on insurance. And by taking it off my current payments for the remainder of the loan, i will be £60 a month better off.

I am feeling more optimistic after reading the success stories on here. Some seem so straight forwards! No doubt mine will be full of complications and take years only to get a big fat no! Any advice appreciated!!

Hi there, yes you sound like you have a claim. look here to get all the help you need.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
If the form looks daunting, then you can write a letter in your own words, saying you were mis sold because.. and give your reasons, i assume you have th eaccount number?. if you need anymore help then feel free to ask.

amersall

megan63 wrote: »

Received letters today from both Blackhorse & MBNA, stating that my claim is on hold as currently the rules which determine how they assess complaint are being considered by the Court as part of legal proceedings between the British BankerAssoc& the FSA and the FSO.

Does anyone have any further info on this and do you think this is going down the same road as the Bank Charges court case?

Mx

Hi there, take a look at this thread.
https://forums.moneysavingexpert.com/discussion/2786416
Hopefully this wont be like the bank charges saga, as most of these policies were mis sold, there is no getting away from that fact.

megan63

big thanks for your assistance mx

amersall

megan63 wrote: »

big thanks for your assistance mx

You are very welcome, you will get there in the end x.

aurum

Hi Everyone

I’ve submitted a claim for a PPI refunds on my NatWest card in October. I’ve just received a letter from RBS stating that my claim is on hold pending the outcome of legal case.

Shall I still refer my case to the Ombudsman? I’m just looking for some advice on how to move forward really

Thanks in advance