PPI Reclaiming successes and failures

sal890042

I took out a loan with First Plus 2.5 years ago with PPI. As I am still paying the loan, I got £4683.55 (cost of the PPI) and £868.55 (interest paid on the premium to date) taken off the loan and a refund of £1622.63 (monthly payments towards PPI premium).

I reclaimed on fact that I was not told that the PPI would only last 5 years when the loan was taken out for 10 years.

All I send was the first template letter.

Many thanks for your help.

Sally

marshallka

Mister_aaa wrote: »

PPI initial letter sent 15/10/08.
Bank: HBOS
Letter recieved today 22/11/08
PPI payment £4378
PPI interest £1340
total amount £5718

Plus compensatory interest payment of £1391

Total amount reclaimed £7109
:j:j:j:j:j:j

Thank you! all for the price of a stamp!

Wow, great news for you.. happy Christmas....:beer: :j

marshallka

sal890042 wrote: »

I took out a loan with First Plus 2.5 years ago with PPI. As I am still paying the loan, I got £4683.55 (cost of the PPI) and £868.55 (interest paid on the premium to date) taken off the loan and a refund of £1622.63 (monthly payments towards PPI premium).

I reclaimed on fact that I was not told that the PPI would only last 5 years when the loan was taken out for 10 years.

All I send was the first template letter.

Many thanks for your help.

Sally

Well done sally, so lucky with this firm too...:beer: :j

nicolajane1

marshallka wrote: »

WOW, brilliant news for you. I have got a claim in with FOS about co-op and they offered to redress two of the four loans and will look into the others if i have the paperwork which i have... LOL.... Just waiting to hear from the other two... :beer:

Hope you get the same outcome as me, good luck:j

marshallka

nicolajane1 wrote: »

Hope you get the same outcome as me, good luck:j

Won with one of them but not the other so 3 out of 4 ain't too bad, thanks for the support nicolajane...:beer: :j

mlucyminx

hi there people.

Hope everyone is ok.

I am sure this question has been asked before but I cant remember the replies and cant find the post.

Can you claim ppi on an overdraft?

When I first took my overdraft out I was unemployed and I applied over the internet.

And it specifically says Overdraft protection on my bank statement.

Its working out at about £18 per month

mlucyminx

sorry.

Posted in wrong section. Will go over to correct forum

Deb19742004

di3004 wrote: »

Hi Deb
Some mixed feelings here on this then?
Good news on the money back though.......:beer: , well done with that, but I would recommend you ask for a copy of the written breakdown to make sure what your having back is the right amount with stat interest.;)
They cannot refuse to pay it out now, not even if its more they owe, it may be correct but if I were you I would want to make sure its the correct amount.

Keep your letter handy about what they said about not issuing you with a new credit card.
Have they explained why?

If you don't mind me asking, but do you really need a credit card now hun ?
I know what you mean though, your asking if this is wrong of them doing this.
I would ask them to explain, because I know by having a credit card even if you do not use it - it helps with the credit rating, so in my own personal opinion if they have not explained the reason why and they are just doing this because of what you have done by reclaiming etc, to me this is wrong and another case for the FOS to deal with as a separate complaint.

Good luck in this hun, so all you have to do here is:

Request for them to post a copy of a written breakdown of calculations.
And write to them in a separate letter for an explanation of why they will be no longer issuing you with a new credit card.

Please keep us posted hunni and good luck.;)

Di.

Hi

I received a breakdown of the calculations. Have no idea if its correct or not! Would take forever digging out statements if indeed I did have them lol.

I dont need a credit card atm. I do have another one which a direct debit is set up for so a payment is never missed.

I have drafted a letter to BOS regarding closing my account and copied it to the sender of my PPI reclaim! If I dont get a satisfactory response (which I am sure I will not!) I will be writing to the FOS. Draft of letter is below. Is this ok or do you have any advice how it could be amended?

Thanks v much!

Dear ......

Re: Account Number ........

I refer to your letter dated 4th November 2008 regarding expiration of my credit card. I am disappointed to learn than a new card will not be issued. You state in your letter “after reviewing your credit card performance we regret to inform you that we are unable to issue a new card”. Having contacted your office regarding this issue there is no obvious reason how this decision has been reached and an employee advised me to obtain a copy of my credit file. I have obtained a copy of my credit file and my credit score is excellent.

I would like an explanation of your actions regarding closing my account and await your response.

Many thanks for your help.

neilb1977

Hi everyone, I am about to send off my letter to HSBC, as i feel i was missold PPI on a personal loan in 2003, but I dont know where to send my letter. My local branch at the time has closed down, so should I send it to the head office (and if it is this address, what should the department be at the head office?) or to another branch near my address?

I am going through this thread page by page, which is taking a while, but its really good to see so many success stories.

please, if anyone can help it would be really appreciated. i am keen to get my letter sent off asap, but want to make sure it goes to the right address!

i'd also been keen to hear from anyone who has been successful with HSBC, so they can give me some tips on what to put in/ leave out of my initial letter.

thank you in advance

neil

kay2_2

Thanks Martin
Success claiming back the PPI on a loan from The Alliance & Liecester. Just sent of the first template letter and they made an offer to payback all the PPI plus interest. It only took a week.
Not having quite as much luck with Northern Rock the say they work to a script and so haven't miss sold.