PPI Reclaiming successes and failures

h0pusp0pus

although i will add that ive had my credit card for several years i think i opend the account back in about 2003 or 2004 and this makes a difference to what you get back in interest the longer you have had the credit card and the ppi insurance the more you would get back in interest i presume as they calculate the interest from the date you first took the card to the current date i think

mapleoak

h0pusp0pus wrote: »

although i will add that ive had my credit card for several years i think i opend the account back in about 2003 or 2004 and this makes a difference to what you get back in interest the longer you have had the credit card and the ppi insurance the more you would get back in interest i presume as they calculate the interest from the date you first took the card to the current date i think

I had my card between Oct 2003 to Sept 2010 and the PPI appears to have been added from Day 1 so I'm hoping your theory is correct!!

Regards:beer:

xcakex

mapleoak wrote: »

I'm a bit confused (and perhaps a bit hopeful at the same time) as I have a claim in with M&S for mis-sold credit card PPI which when I added them all up from the statements they sent me amounted to around £1300. I assumed that if it was upheld then I would just get that back, so if £293 can turn into £1145, then would I be looking for more than that if it was upheld?

Well done on your pay-out by the way!

Regards

Hi

Sorry to bother you may seem a daft Q but i had a m & s credit card with ppi on and i was self employed who do i write to regarding getting statements back is it M&S or owned by another bank ?

Also i was curious as to how they worke money owed back as i have 2 mbna cards pending from 1998 and one 2004 lets hope its good news all round

Thanks

h0pusp0pus

amersall wrote: »

3006 !!!!!!! WOW
DIDNT REALISE I HAD SLEPT THAT LONG :rotfl::rotfl::rotfl::rotfl:

funnily enough i knew you'd pick up on that lol

Blackcat1980

Hi

Just looking for some advice. I've had three loans with Welcome Finance totalling £8500. Two were pre 2005 and I have completed and returned the questionnaire to welcome. The other post 2005 I have written to the Fscs as directed by welcome to ask for an application form to reclaim that PPI.

Does anyone know my chances of getting PPI back and how much could I expect? The loans have all been paid off completely. How long are Welcome and the FSCS taking to process claims?

Any advice would be great. Thanks

h0pusp0pus

mapleoak wrote: »

I had my card between Oct 2003 to Sept 2010 and the PPI appears to have been added from Day 1 so I'm hoping your theory is correct!!

Regards:beer:

well in that case i hope so for you and good luck stick at it at the end of the day its your money that they have wrongly obtained

di3004

Blackcat1980 wrote: »

Hi

Just looking for some advice. I've had three loans with Welcome Finance totalling £8500. Two were pre 2005 and I have completed and returned the questionnaire to welcome. The other post 2005 I have written to the Fscs as directed by welcome to ask for an application form to reclaim that PPI.

Does anyone know my chances of getting PPI back and how much could I expect? The loans have all been paid off completely. How long are Welcome and the FSCS taking to process claims?

Any advice would be great. Thanks

Hi there

Wishing you luck on your reclaims.
Mine was successful (another company in default) with the FSCS over a year ago.
Cannot recall on the figures now but its not far off what you have paid and you will of course receive the interest to date as well.
Its about 90% of it I believe, the interest will make it up.
http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-for-welcome-financial-hn0qripj/#Why_is_there_a_90_limit_to_the_compensation_available_from_the_FSCS_

Think there may be some info of this on the FSCS site, and also check on the companies in default thread on here as well, its rather long but have been much success, this if I remember will explain more or less what you should receive as such.
https://forums.moneysavingexpert.com/discussion/1897143

Hope this helps.
Good luck.

di3004

xcakex wrote: »

Hi

Sorry to bother you may seem a daft Q but i had a m & s credit card with ppi on and i was self employed who do i write to regarding getting statements back is it M&S or owned by another bank ?

Also i was curious as to how they worke money owed back as i have 2 mbna cards pending from 1998 and one 2004 lets hope its good news all round

Thanks

Hiya maybe someone who have dealt with both these will confirm, but even though M&S set your account up for you, the lender will supply on request.

mapleoak

xcakex wrote: »

Hi

Sorry to bother you may seem a daft Q but i had a m & s credit card with ppi on and i was self employed who do i write to regarding getting statements back is it M&S or owned by another bank ?

Also i was curious as to how they worke money owed back as i have 2 mbna cards pending from 1998 and one 2004 lets hope its good news all round

Thanks

Hello,

I simply wrote to the their Chester head Office, which is listed on the M&S money website.

Making a claim
We’re sorry that you have a concern about Payment Protection Insurance (PPI) and we promise to do our best to investigate your complaint as swiftly as we can.
If you want to contact us regarding Payment Protection Insurance, please write to us at:
Customer Relations Team
M&S Money
Kings Meadow
Chester
CH99 9FB

Good luck with your claim. They took around two weeks to send me all the statements (I sent the standard letter with the cheque for £1)

Regards

xcakex

mapleoak wrote: »

Hello,

I simply wrote to the their Chester head Office, which is listed on the M&S money website.

Making a claim
We’re sorry that you have a concern about Payment Protection Insurance (PPI) and we promise to do our best to investigate your complaint as swiftly as we can.
If you want to contact us regarding Payment Protection Insurance, please write to us at:
Customer Relations Team
M&S Money
Kings Meadow
Chester
CH99 9FB

Good luck with your claim. They took around two weeks to send me all the statements (I sent the standard letter with the cheque for £1)

Regards

Fantastic great help thank you will get the letter mailed off tomorrow i have an ever growing list lol

Good luck on all claims will keep you all posted on up-dates