PPI Reclaiming successes and failures

julieprit2

julieprit2 wrote: »

Well I called Paragon this morning to find out some more details on my loan.

It was front loaded PPI of £388.75 on an £8000 loan. Could someone work out what they would owe me if I'm successfull?

Loan £8000
Started 4/3/98 for 3 years
Interest 19.968%
Total PPI £388.75 front loaded.

Does the fact that it was front loaded help me in any way?

Thanks guys

Just a further query on the above also - I thought the amount of PPI seemed very low - does anyone else think that? Am trying to find a calculator online to work out how much I am due but all seem to be linked to claims companies and wanting my telephone number!! No thanks! :rotfl:

Any help appreciated - sorry for sooooo many questions

The_Marksman

julieprit2 wrote: »

Just a further query on the above also - I thought the amount of PPI seemed very low - does anyone else think that? Am trying to find a calculator online to work out how much I am due but all seem to be linked to claims companies and wanting my telephone number!! No thanks! :rotfl:

Any help appreciated - sorry for sooooo many questions

i have to say i thought the same, 8k loan i would have thought the ppi to be around £800-£1200? only going on mine.........

julieprit2

The_Marksman wrote: »

i have to say i thought the same, 8k loan i would have thought the ppi to be around £800-£1200? only going on mine.........

They said it was a one off payment added at the beginning of the loan???? Do you think they are telling porky pies? :rotfl:

I have heard people mention front loaded on here but not really sure what it means.

The_Marksman

julieprit2 wrote: »

They said it was a one off payment added at the beginning of the loan???? Do you think they are telling porky pies? :rotfl:

I have heard people mention front loaded on here but not really sure what it means.

yes front loaded means they add the ppi amount into your loaned amount and charge you interest on the whole amount, which is a huge No No!

the ppi amount is normally about 20% of amount borrowed so a guess it would have been £1600 or around that

not the best at figures but id ring them and ask

yetty123

I put in my MBNA claim in September 2010.

I had the PPI running for about a year or just over on the 5th August (A YEAR LATER) received a refund on to my credit card of £740.

I have not yet received a letter so I do not know how the breakdown has been calculated.

spurs1970

julieprit2 wrote: »

Oh that's interesting I haven't heard much about Paragon.

Can I ask when you took your loan out? Problem is, I took my out with Paragon directly and don't recall using a broker etc.

Hi, yes we took our loan out in 2004.

shar1234

I had a phone call from Barclays Customer Care this morning in response to my email to their CEO that I sent yesterday. They guy was very nice, said that they had put their hands up and they were the first bank to do so. My claim was being dealt with but to be patient with them, they were getting through all claims and wait is 2 -3 months. I had a letter from them saying they would respond by 3rd October so just keep waiting I guess. I don't think my email hurt matters and at least they responded to me quickly.

yetty123

Hello
Do you have the address please of the CEO as my claim has been with Barclays since September 2010.
Thanks

julieprit2

Ok Called Paragon again.

So my loan wasn't for £8000 Duh. Girl actually recognised my voice I have spoken to her so much since yesterday :rotfl:

So details are as follows:

Loan £4071.91
PPI front loaded £388.75
Interest 19.968%
4.3.1998 for 3 years

So anyone any ideas how I would work out how much I am owed from this??

precious12

thegaffer wrote: »

Well my nice email to the CEO and customer care got me a reply, A rather long one about that they have 16 weeks from point of call etc, may take longer as they want to ensure IF any payment is amde is right etc.

Has anyone had a successful Lllyds Credit card PPI claim ?
I put mine in in May so upto week 13 i belive now and still nothing, they do string it out.

Whats the lead time people are seeing with Lloyds ?

I too have 2 CC with lloyds around the same time as yours and been told the same thing my other claim for a loan has been upheld about 2 weeks ago now but have to wait another 28 days for payout so it has come 5 weeks before the 31st August which they originally told me so basically its just a waiting game could come at any time now i hope. Good luck with yours keep me posted