PPI Reclaiming successes and failures

bhoqoN

Thank you offcumden. I tried to call the PPI team and could not understand their explanation. I then emailed the CEO and received a letter that a caseworker would be appointed to look into it! They received by acceptance on 2/8/11 and I am counting down 28 days. Will post the final figure when it's paid.

miss_p_4

Am I a fool?
Got very excited 3 weeks ago when I received an 'upheld' letter from EGG regarding a credit card I held with them for approximately 10 years and cashed the cheque quickly!
The offer was as follows:

CRP premiums: £1765.77
Interest on premiums paid at card rate: £1718.06
8% interest: £197.73

Total refund £3681.56

I have been reading about contractual interest on here and am now worried that I've sold myself short. Have I? And if so, is there anything I can do now I've paid the cheque in?

Thanks in advance...

IANC

miss_p wrote: »

Am I a fool?
Got very excited 3 weeks ago when I received an 'upheld' letter from EGG regarding a credit card I held with them for approximately 10 years and cashed the cheque quickly!
The offer was as follows:

CRP premiums: £1765.77
Interest on premiums paid at card rate: £1718.06
8% interest: £197.73

Total refund £3681.56

I have been reading about contractual interest on here and am now worried that I've sold myself short. Have I? And if so, is there anything I can do now I've paid the cheque in?

Thanks in advance...

No, they have offered it.

I have highlighted it above :money:

scottishmum_2

Hi Everyone,

I got a letter from Bank of Scotland offering to settle my third claim so thats £2350 I have had from them so far! All for the price of a postage stamp!

Just my Credit Card to go now....!!

I'd appreciate some help with the maths

£20 per month 6 years @ 18%apr

Thank you :j:beer:

The_Marksman

scottishmum wrote: »

Hi Everyone,

I got a letter from Bank of Scotland offering to settle my third claim so thats £2350 I have had from them so far! All for the price of a postage stamp!

Just my Credit Card to go now....!!

I'd appreciate some help with the maths

£20 per month 6 years @ 18%apr

Thank you :j:beer:

:rotfl::j:beer: WELL DONE :beer::j:rotfl:

Good Luck on the CC & Im sure IanC, Niggly or amersall will be along to help you out with the maths soon!

miss_p_4

IANC wrote: »

No, they have offered it.

I have highlighted it above :money:

Thank you, what a speedy response!

IANC

offcumden wrote: »

I would assume the cosolidated interest would be the difference between the interest on each loan from the date they calculated the offer figures you have quoted and on your acceptance of the offer the additional interest which will accrue to the date of the payment to your account, might be worth contacting them to find out
Might be worth checking that the have only deducted 20% interest on the interest only as that would make a big difference

I think that is a safe assumption.

They will add 8% to the entire redress from the point of calculation, until the date they pay out.

As they don't know when that will be until they receive your acceptance, they cannot confirm how much it will be yet.

julieprit2

Well got a letter from the FOS saying they can go no further with my complaint at this stage as PaRAGON were not regulated by them at the time of the loan and they were unable to trace the underwriter however if I can provide the underwriters details, they can pursue a claim against them.

Well, I don't have the paperwork for this loan but just phoned Paragon who advised me that my policy was underwritten by Aviva and gave me the address and telephone number. Unsure why the FOS were unable to get this information?:(

Anyway, as far as I recall, I got the Loan from Paragon directly. I have a feeling this is not going to be successful.

Anyone any experience with this?

Thanks

shar1234

I have now contacted Barclays CEO after seeing all the successes others have had from doing this. I have been with Barclays for 20 years and still bank with them, maybe this will get things moving!

The_Marksman

shar1234 wrote: »

I have now contacted Barclays CEO after seeing all the successes others have had from doing this. I have been with Barclays for 20 years and still bank with them, maybe this will get things moving!

Lets hope soooooooooooooooooo