PPI Reclaiming successes and failures

only_mee

erind wrote: »

Hi Hope someone can help. I have a barclaycard visa which I have had since 2001. I have been paying PPI on this card up until now. I have all of my statements and have calculated the amount of PPI for each month and also calculated the compound interest based on the APR as it is today. Is this the correct way to calculate the interest I am owed? I am getting a little confused as I keep reading about simple interest. Which interest should I be basing my calculations on? Compound or simple, or both.
Thanks in advance.

Yes they you add 8% interest too, that's how i read it

erind

Ok thanks.

amersall

spurs1970 wrote: »

Hi, Can anyone please help. Trying to find contact details for barclays Masterloan, thank you in advance.

Barclays Masterloan
Dale House
Wavertree Boulevard
Liverpool, L7 9PQ
Phone: 0800 289989

di3004

Bluenose43 wrote: »

Hi just received news that my claim for credit card PPI has been successful.
My claim was against MBNA and I have received £12,520.91
I just filled in the form form Martins Money and posted it direct to MBNA. MBNA wrote to me a couple of times to inform me that they had received my claim and were carrying out an investigation. Two months later I got the good news.
My refund breaks down like this.
PPI charged £5318.25
Interest on PPI £7,051.15
Total amount of 8% interest £151.51
Total payment to me £12,520.91

Fantastic, thanks Martin. Never thought I would get anything like this back:rotfl:

Lovely!:T:j Congratulations!:beer:

dan4868

amersall wrote: »

This stinks and i am with you hundred percent on this,the banks need to get their act together.
Is this Barclays? if it is email
[EMAIL="robert.diamond@barclaysplc.com"]robert.diamond@barclaysplc.com[/EMAIL]

i will ring them again tommorow but i have a feeling that i will get the same responce:mad:

Rae115

PIP1966 wrote: »

Hi
I have received a letter from Barclaycard regarding my PPI claim (they did write back in June to advsie that they would offer a gesture of goodwill payment by 31st August). The letter I received on 5th August is settling the claim in full - just over £12k I have had my Barclaycard since 1998 and they have averaged the monthly PPI payments at approx £21 and have used this to go back to 1998. The breakdown is as follows:

Refund of PPI Cover £3300
Refund of Interest £7155
8% simple interest per annum £1850

I am SO SO SO happy and I am looking for a cheap holiday :-)

HEYYYYYY - HAPPY DAYS TO YOU :T

CONGRATS MEGA OR WHAT

I cant wait to see what b-card gonna offer me well all the other companys its like they have all put me on hold.

barclays, halifax, shop direct, citi, and barclay card.

Rae115

question guys i may have asked already but cant remember the answer or find where i did ask.

i have located some very old paper work relating to my mortgage and all differnt types of protection life, repayment and critical. Am i able to claim these back as these were with taken out with the company i worked for at the time.

nick_paddock653

Well, after a 9 month wait, I was pleased to finally get my final letter back from RBS detailing the outcome of their investigation...............

After opening and reading, I had gone from pleased to downright angry with a capital A. They have replied saying that they have investigated for 9 months and found no record of a PPI agreement. Yes RBS - thats because you have sent a final decision on the WRONG loan.

I have checked all of my mail correspondance over the past 9 months with RBS, they all refer to the correct loan I am complaining about. I have letters confirming that my PPI policy had been cancelled and my monthly payments reduced accordingly. I have had letters stating that they agree I have a case - all quoting the CORRECT loan account number.

So why oh why have they got to the end of their investigation and responded with a decision for a loan account I havent even complained about? What do I do now? Do I call them tomorrow, explain and give them a chance to rectify the most obvious of errors or do I simply go straight to the FOS?

I would be upset and angry if they rejected the complaint for the PPI I am complaining about. But to spend 9 months waiting for a response, only to get a response for the INCORRECT loan that I havent even complained about is frustrating beyond belief.

Advice needed please!!

LynK_3

I wonder can any of u lovely people help, my friend bought a kitchen on finance (actually turned out to be similar to a credit card) from GE Money in 2002, she was told she had to take the PPI insurance even though she didn't want it as she and her hubby would be covered for sickness etc from theire employers. The loan was to finish in 2009 but she paid it early, but still found herself paying the insurance right until 2009. She tried to cancel it on many occassions but they woukdn't let her.

She complained to GE Money a couple of weeks ago and this is their response.

Thankyou for contacting us about the sale of your Payment Protection Insurance Policy.

Based on the information you have provided any complaint you may have concerning the sale of your PPI policy is time barred under the limitation act 1980.

Please also note that GE Money Home Lending companies were not at any time members of GISC (General Insurance Standards Council) which at the time administered a voluntary code only applicable to GISC members.

This letter is our final response on this matter. However you can contact the Finance and LEasing Association (FLA) about the complaint within six months from the date of this letter. A copy of our complaints handling leaflet is enclosed, which gives more information on how you can contact the FLA.

Yours sincerely.

What does this time barring mean? I know from my own experience with my D Perkins card the FLA are as much use as a chocolate fireguard.
Can she not go to the FOS?

Sorry to bombard you with so many questions.

Thankyou in advance

amersall

Rae115 wrote: »

question guys i may have asked already but cant remember the answer or find where i did ask.

i have located some very old paper work relating to my mortgage and all differnt types of protection life, repayment and critical. Am i able to claim these back as these were with taken out with the company i worked for at the time.

Hi there,you will get more help with this if you post here.

http://forums.moneysavingexpert.com/forumdisplay.php?f=187
Mortgage ppi is different to loan and credit card ppi.