PPI Reclaiming successes and failures

smitchy73

julieprit2 wrote: »

Yip, this was what I thought too :-) Saying that, they are cutting it fine as we are now on the 17th!! :rotfl:

Oh they are, very fine indeed, thats why quite a few on here believe that most people will get a letter within the next week or so and don't believe most will be rejected, the FOS and FSA will or at least should go ballistic if they do reject thousands.

Really really hope this is not the case and this site crashes with all the success stories.:beer::beer::beer:

amersall

frankohare wrote: »

I would like to thank everyone who has posted or Moderated on this site. Your advice has been invaluable in helping me Claiming and more importantly fighting for my Money.
I have had my first success and it has inspired me to continue my fight.
I would never have believed that Welcome Finance would pay me back having had previous fights with them that had to go legal.

£1100 on its way into my Bank Account.

I will keep you all informed of my ongoing battles.

One Question today. Has anyone raised a claim with NEXT. I have found that my wife has been paying PPI for 18 years on her account.

:j:jWell done :j:j dont know about the next card,but if it has ppi and there are reasons for mis sell then go for it

amersall

Thats brilliant news Smitchy :j:j:j

sorryitsme

Hi all is it normal once you complain over the phone that your bank send you a questionnaire?

I am about to complete it and would appreciate any tips.

Basically I had PPI in the form of overdraft protection on my Barclays Additions accounts x 2 and did know.

I worked in my own business part time via PAYE

I thought the charges were the cost to have an additions account.

Any input/wording would be great as I really want to show how they shafted me all them years!!

Thanks in advance

sophosh

vinwaa wrote: »

hi everyone
longtime reader first time poster
to all those waiting on lloyds tsb i can finally say they are starting to play the game, received a letter this morning stating they are upholding my complaint and have been offered £ 9973.74p on a £20000.00 loan that i had taken out in 2002 and had refinanced 2008
the letter was dated 29th July and for some reason i only got it this morning i rang a kind person at lloyds insurance who explained it would be paid into my bank account within 3 weeks from the date of the letter woop woop !! roll on next week i made the complaint on the 4th of january of this year so just to give everyone the kind of time frame you are looking at and where you might be in the Q
to all those still waiting good luck and hang in there

vinny :-)
to everyone still waiting

Hi Vinny

Congratulations that's great news. Out of interest when did you submit your PPI complaint?

NICKY77

Hi

Just received a final response from MBNA, my has not been upheld because apparently when I applied online i ticked a box accepting the PPI, not sure what to do now??? :mad::mad:

Any suggestions on what to do next???

Thanks in advance:)

Nicky
xx

shaunv007

hi we got a mortgage back in 1997 with halifax and was told that the only way we could be accepted for mortgage was to get payment protection plus house insurance with them , now could we go back that far as i thought 6 years was the furthest i could go back..
many thanks , martin lewis to be knighted

RosieBrock

I made my claim on May 10th 2011, so after the April High Court decision, and with RBS (and their subsidiary MINT) who were then given an extension of a further 8 weeks to make their decision.That decision is due at the end of August 2011. RBS are from what I read, not as forthcoming as Barclays seems to have been. I was sold PPI in 2006 when I did not want it, but I was hoping for a loan they had advertised by direct mail to me, at 6% APR. But when I rang them, they said that in order to qualify for 6% it would be helped if I had PPI and that I would need to consolidate the loan with an existing loan. They did not explain anything about PPI covering me for unemployment for up to 12 months only, nor did they say what would happen if I left my full time job to bgecome self employed (which I did a few months into the loan). I fortunately got a self employed contract which enabled me to pay back the entire rather large loan after 18 months. However, a few months before I paid it off, I rang Mint to say that the PPI, which added £100 a month to my loan repayments, was onerous, and was there anything they could do? They told me that if I stopped PPI I would lose everything I had paid up to that point because the PPI amount was 'front loaded' (their words) onto the re-payment and the loan repayments would then be recalculated and would be higher. I did not want to lose that much so kept with it. When I paid off my loan within eighteen months they did not offer any interest payments back on the PPI which by then had been completely paid for, and the capital sum had not reduced by much because a lot had been taken up by PPI payments.
Hope this is not too garbled. What does anyone else think?

smitchy73

RosieBrock wrote: »

I made my claim on May 10th 2011, so after the April High Court decision, and with RBS (and their subsidiary MINT) who were then given an extension of a further 8 weeks to make their decision.That decision is due at the end of August 2011. RBS are from what I read, not as forthcoming as Barclays seems to have been. I was sold PPI in 2006 when I did not want it, but I was hoping for a loan they had advertised by direct mail to me, at 6% APR. But when I rang them, they said that in order to qualify for 6% it would be helped if I had PPI and that I would need to consolidate the loan with an existing loan. They did not explain anything about PPI covering me for unemployment for up to 12 months only, nor did they say what would happen if I left my full time job to bgecome self employed (which I did a few months into the loan). I fortunately got a self employed contract which enabled me to pay back the entire rather large loan after 18 months. However, a few months before I paid it off, I rang Mint to say that the PPI, which added £100 a month to my loan repayments, was onerous, and was there anything they could do? They told me that if I stopped PPI I would lose everything I had paid up to that point because the PPI amount was 'front loaded' (their words) onto the re-payment and the loan repayments would then be recalculated and would be higher. I did not want to lose that much so kept with it. When I paid off my loan within eighteen months they did not offer any interest payments back on the PPI which by then had been completely paid for, and the capital sum had not reduced by much because a lot had been taken up by PPI payments.
Hope this is not too garbled. What does anyone else think?

Hi Rosie,
They should still look at the complaint as normal, and it sounds as if you have a decent case.
I don't think you'll hear anything until the end of the month, although I would hope most people should start to hear things from anytime to the end unless they just plan to send out all the letters to everyone in a massive bulk mailing, sure their postie will love that, they may just be making sure everyone who had a complaint lodged before the JR is on the system with their details, then blanket mail them a decision! I don't believe they have the resources in place to answer what I can only imagine is tens of thousands of ppi claims that were on hold.
As for redress if they find in your favour, possibly when you settled the loan there may have been part of the ppi refunded, do you know if they did, if they did this they will subtract that from any redress which should be along the lines of ppi payment plus the interest(as per credit agreement) then 8% interest from the date of each of those payments, plus 8% simple interest on the total from when they loan was settled. I'm pretty sure this is what they SHOULD offer.
Good luck and remain strong, it shouldn;t be too long now:D

amersall

sorryitsme wrote: »

Hi all is it normal once you complain over the phone that your bank send you a questionnaire?

I am about to complete it and would appreciate any tips.

Basically I had PPI in the form of overdraft protection on my Barclays Additions accounts x 2 and did know.

I worked in my own business part time via PAYE

I thought the charges were the cost to have an additions account.

Any input/wording would be great as I really want to show how they shafted me all them years!!

Thanks in advance

Look here for other reasons for mis sell as well as the ones you have put in your post
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2

Say you had no use for the ppi and want ppi paid to date returning to you with interest.