PPI Reclaiming successes and failures

rockstar44

IANC

It was just a credit card, taken out in 2001, I have no recollection of any discussion regarding PPI at the time or since and as I've been a Civil Servant for 20 years my terms & conditions of employment would have covered me so I certainly didn't need the PPI.

I don't have much more information that that tbh, I didn't send a SAR or anthing just the one basic letter making a claim so I'm still no wiser as to why & when the PPI was added! Just pleased to get it back!:rotfl:

Good Luck with your Claim!

IANC

rockstar44 wrote: »

IANC

It was just a credit card, taken out in 2001, I have no recollection of any discussion regarding PPI at the time or since and as I've been a Civil Servant for 20 years my terms & conditions of employment would have covered me so I certainly didn't need the PPI.

I don't have much more information that that tbh, I didn't send a SAR or anthing just the one basic letter making a claim so I'm still no wiser as to why & when the PPI was added! Just pleased to get it back!:rotfl:

Good Luck with your Claim!

Thank you :money:

Can you remember the credit limit of the card (roughly?)

Did the letter give a breakdown, ie.

PPI premiums
APR Interest
8% interest

julieprit2

smitchy73 wrote: »

The dont have to pay everyone by the 31st August, they only have to tell you if they're paying you out or not, they then have a further 8 weeks to pay you.

Hope this helps, at least if you get told you're getting paid you know it's coming.:beer:

See this is were I get confused!!

When I got my letter from Barclays it said about the no quibble refund if before the JR etc. etc. and I'd hear further about this by end of August.

Now, this letter to me is saying they are going to pay me and I am just waiting on figures.

I do not expect another letter stating whether or not they uphold my complaint because as far as I am concerned, this was what the previous letter said and is not new news for those of us who have been waiting a while!

rockstar44

IANC

Refund of Premiums = £4240.81
Interest Applied to the account because of premiums = £2404.68 :eek:
(OMG that's shocking no wonder I was struggling to clear the bloomin thing)

Interest at 8% = £1660.72

Total £8306.41

The balance for the past 4 years has been £1700.00, it was higher in the past but paid off.

Hope that helps!

jimmy_k

Smamfer wrote: »

Morning all

Well done on all those getting results

Just a quickie from anyone with experience of Santander, from sending off an acceptance form any idea as in time limit they been paying out?

Many Thanks


xxx

Hi I put my claim in 30th may with Santander and received an offer of just under 8k for five loans last Saturday 13 aug it was well worth the wait hope you have ad much luck as I did just wondering now If the tax man is going to take any off me.jimmy.:eek:

tifosi

Quote:
Originally Posted by Smamfer
Morning all

Well done on all those getting results

Just a quickie from anyone with experience of Santander, from sending off an acceptance form any idea as in time limit they been paying out?

Many Thanks


xxx

jimmy_k wrote: »

Hi I put my claim in 30th may with Santander and received an offer of just under 8k for five loans last Saturday 13 aug it was well worth the wait hope you have ad much luck as I did just wondering now If the tax man is going to take any off me.jimmy.:eek:

Hi,

Jim, I think Smam was more looking for how long it would take them to credit the bank account now she's sent the signed "I accept your offer" form


Smamfer - I beleieve the norm for Santander seems to be about 1 - 2 weeks to credit the account, but if you're worried, call them

IANC

rockstar44 wrote: »

IANC

Refund of Premiums = £4240.81
Interest Applied to the account because of premiums = £2404.68 :eek:
(OMG that's shocking no wonder I was struggling to clear the bloomin thing)

Interest at 8% = £1660.72

Total £8306.41

The balance for the past 4 years has been £1700.00, it was higher in the past but paid off.

Hope that helps!

That is excellent, Cheers

I just wanted to check that they were consistent when adding the APR interest to the PPI refunds, and this confirms that they are.

My balance averaged £3,000 for 8 out of 13 years, so looking forward to my letter :j Assuming they uphold it :eek:

computerbuddy

Can any one work out my figures for me on thread 18140 please as i feel the need to call them. And just want to have it all clear in my head before i call. Well done to all winners!!!! Just hoping to have a wee bit of success with mine. Thanks in advance xx:D:)

IANC

computerbuddy wrote: »

Hi Guy's can someone help to see what i should receive from Halifax loan taken out in 2001
Cash loan £5,000
total charge for credit for cash loan £1,303
Insurance loan £963.07
Total charge for credit insurance loan £250.73
Total amount i pay for insurance loan £1,213.80
I have to pay the loan and interest by 60 months payments of £125.28
Annual percentage rate 9.9%
Monthly interest rate 0.793%
Total loan £5,963.07
Total charge for credit for total loan £1553.73
Total amount i pay £7,516.80.

Sorry im not very good with figures so i have just put it here as it is on the Loan agreement. Thanks so much in advance. xxxxx

This is what I get.

PPI plus interest gives a total of £1,213.80 (£963.07 + £250.73)

Total loan + Interest comes to £6,303 (£5,000 + £1,303)

So the PPI = 19.26% of the total loan and interest. 1,213.80/6303 x 100

The total monthly repayment was £125.28, so 19.26% of that is £24.12 (the amount of the monthly premium that was required to repay the PPI loan)

60 x £24.11 = £1,446.98 (the total for PPI plus interest)

Then the 8% needs adding on.

If it were just from 2006 (the end of the loan until now) it would be £578.79 (I think)

This is the bit that Tifosi or Niggly will need to do for you :rotfl:

computerbuddy

IANC wrote: »

This is what I get.

PPI plus interest gives a total of £1,213.80 (£963.07 + £250.73)

Total loan + Interest comes to £6,303 (£5,000 + £1,303)

So the PPI = 19.26% of the total loan and interest. 1,213.80/6303 x 100

The total monthly repayment was £125.28, so 19.26% of that is £24.12 (the amount of the monthly premium that was required to repay the PPI loan)

60 x £24.11 = £1,446.98 (the total for PPI plus interest)

Then the 8% needs adding on.

If it were just from 2006 (the end of the loan until now) it would be £578.79 (I think)

This is the bit that Tifosi or Niggly will need to do for you :rotfl:

Thanks so much Ianc, you are such a star!:A. Just hope i get this one upheld but i wont hold my breath as i dont have a lot of luck. xxxxx