PPI Reclaiming successes and failures

amersall

Dannyboy122 :j:j:j:j ab fab :T Well done:money:and not a claim company in sight :rotfl::rotfl:

Footiemad_2

dannyboy122 wrote: »

As an avid follower of MSE, I decided it was high time I tried to reclaim PPI that was mis-sold to me several years ago.

I took out a loan back in 2005, on the understanding that it would be approved IF and only if, I took out the PPI cover!

Being young and naive at the time I accepted.

However, as I've grown up and discovered MSE I realised that I had wasted money on a product that I didn't need or really want!

I wrote to Egg a few months ago, using the Martin's letter template, and after several "we're still dealing with your complaint" letters, I finally recieved a letter in February telling me that my complaint was upheld, but the refund owed to be could not be calculated until the government's judicial review had been completed!

I was pleased that I would be getting some money back, but not too excited that I didn't know how much, or when.

So imagine my surprise when only a few weeks later another letter arrives, telling me that "after further investigation" they were refunding the cost of my PPI premium PLUS contractual interest!

They sent me a lovely cheque for £989! :j

Thanks MSE Team for giving me the bottle to actually do it!

Brilliant well done.:T:T:j

Another poke in the eye for Egg:rotfl::rotfl:

amersall

Footiemad wrote: »

Brilliant well done.:T:T:j

Another poke in the eye for Egg:rotfl::rotfl:

They need more than a poke :rotfl::rotfl:

Barneyrubble999

A week ago it went through my mind that my partner and I had been paying an A+L loan for ages, now Santander. I dug out the agreement to find the loan which was for £3000 and just short of £100 per month didnt finish until December 2012.
When taking a closer look at the terms I saw that almost £30 of the £100 was for PPI. I remember them saying at the time we had to take this out as a condition of the loan.
The loan was taken out in December 2007, so we got it over 5 years. I do remember having visited this site before so I searched for you all and found the template letter and sent one off.
Well....yesterday, just one week later,to my amazement I recieved a reply and they are paying up!!! No arguments just a letter to say they are going to transfer the money back into our account. We are getting £987.17 repayment, £134.20 interest, and £56.50 for having had to send them a letter!!!
This is just a few hundred pounds short of what we need to settle to loan so I will be using the money to settle up and we will get a much needed £100 per month extra which I know is sad but will make so much difference to us.
I cannot thank you enough, If there is anyone reading this wondering whether to give it a go my advise is .... just do it!!! Thank you and good luck to all! :j

the_knitting_drummer

Barneyrubble999 wrote: »

A week ago it went through my mind that my partner and I had been paying an A+L loan for ages, now Santander. I dug out the agreement to find the loan which was for £3000 and just short of £100 per month didnt finish until December 2012.
When taking a closer look at the terms I saw that almost £30 of the £100 was for PPI. I remember them saying at the time we had to take this out as a condition of the loan.
The loan was taken out in December 2007, so we got it over 5 years. I do remember having visited this site before so I searched for you all and found the template letter and sent one off.
Well....yesterday, just one week later,to my amazement I recieved a reply and they are paying up!!! No arguments just a letter to say they are going to transfer the money back into our account. We are getting £987.17 repayment, £134.20 interest, and £56.50 for having had to send them a letter!!!
This is just a few hundred pounds short of what we need to settle to loan so I will be using the money to settle up and we will get a much needed £100 per month extra which I know is sad but will make so much difference to us.
I cannot thank you enough, If there is anyone reading this wondering whether to give it a go my advise is .... just do it!!! Thank you and good luck to all! :j

Fantastic, well done!!! :)
:T:T:j:j:beer::beer::j:j:T:T

di3004

Barneyrubble999 wrote: »

A week ago it went through my mind that my partner and I had been paying an A+L loan for ages, now Santander. I dug out the agreement to find the loan which was for £3000 and just short of £100 per month didnt finish until December 2012.
When taking a closer look at the terms I saw that almost £30 of the £100 was for PPI. I remember them saying at the time we had to take this out as a condition of the loan.
The loan was taken out in December 2007, so we got it over 5 years. I do remember having visited this site before so I searched for you all and found the template letter and sent one off.
Well....yesterday, just one week later,to my amazement I recieved a reply and they are paying up!!! No arguments just a letter to say they are going to transfer the money back into our account. We are getting £987.17 repayment, £134.20 interest, and £56.50 for having had to send them a letter!!!
This is just a few hundred pounds short of what we need to settle to loan so I will be using the money to settle up and we will get a much needed £100 per month extra which I know is sad but will make so much difference to us.
I cannot thank you enough, If there is anyone reading this wondering whether to give it a go my advise is .... just do it!!! Thank you and good luck to all! :j

Well done to you and Congratulations!:beer:

amersall

Barneyrubble999 wrote: »

A week ago it went through my mind that my partner and I had been paying an A+L loan for ages, now Santander. I dug out the agreement to find the loan which was for £3000 and just short of £100 per month didnt finish until December 2012.
When taking a closer look at the terms I saw that almost £30 of the £100 was for PPI. I remember them saying at the time we had to take this out as a condition of the loan.
The loan was taken out in December 2007, so we got it over 5 years. I do remember having visited this site before so I searched for you all and found the template letter and sent one off.
Well....yesterday, just one week later,to my amazement I recieved a reply and they are paying up!!! No arguments just a letter to say they are going to transfer the money back into our account. We are getting £987.17 repayment, £134.20 interest, and £56.50 for having had to send them a letter!!!
This is just a few hundred pounds short of what we need to settle to loan so I will be using the money to settle up and we will get a much needed £100 per month extra which I know is sad but will make so much difference to us.
I cannot thank you enough, If there is anyone reading this wondering whether to give it a go my advise is .... just do it!!! Thank you and good luck to all! :j

:j:j:j:j That is brilliant :T well done :beer:
£100 is a tidy amount of money to put back into the household coffers :D:D

dalc87

dannyboy122 wrote: »

As an avid follower of MSE, I decided it was high time I tried to reclaim PPI that was mis-sold to me several years ago.

I took out a loan back in 2005, on the understanding that it would be approved IF and only if, I took out the PPI cover!

Being young and naive at the time I accepted.

However, as I've grown up and discovered MSE I realised that I had wasted money on a product that I didn't need or really want!

I wrote to Egg a few months ago, using the Martin's letter template, and after several "we're still dealing with your complaint" letters, I finally recieved a letter in February telling me that my complaint was upheld, but the refund owed to be could not be calculated until the government's judicial review had been completed!

I was pleased that I would be getting some money back, but not too excited that I didn't know how much, or when.

So imagine my surprise when only a few weeks later another letter arrives, telling me that "after further investigation" they were refunding the cost of my PPI premium PLUS contractual interest!

They sent me a lovely cheque for £989! :j

Thanks MSE Team for giving me the bottle to actually do it!

Quality. I had a similar situation but my complaint has had to go all the way to the ombudsman after their adjudicator agreed with HSBC Hopefully I'll be celebrating as well soon.

shimmyshaker

Just to say a massive thank you for your guide/templates for reclaiming PPI. After sending just one letter of complaint to Northern Rock re PPI on a loan I had with them I have just recieved a letter saying they uphold the complaint and my PPI and interest charges are being refunded in full just under £7,000!!! I can't believe it ,I was prepeared for a battle and can't believe how easy it was! Thank you for bringing some justice back in the world Martin!:T

rumela

Hi everyone, its my first post on the site. I'm trying to find the template letters for ppi reclaiming but i cant seem to find them. Can someone help me please?