PPI Reclaiming successes and failures

di3004

Rae115 wrote: »

i know found that one last night and saw her picture big and bold last night. she gives well every one gives good advise

congrats to alllllllllllllll winners today :j:j

Aww thank you.:A:A:j;) xx

TOTALNEWBIE

Can I ask what you say in the emails you send to the ceos please?

KENNEDYSHP

Hi there. First time writer. I complained to the Halifax on the 18.05 this year, re ppi on five personal loans and a credit card agreement.
Today I received a letter UPHOLDING my complaint for 4 of the loans. But 1 loan complaint was rejected, (dated June 1998) and credit card was also rejected.

I have no paperwork for any of the loans so no idea of what to expect.
Although last loan in 2003 was for £10k over 4 years.I have sent acceptance form today. Can anyone advise how long they waited for breakdown and payment.

Congrats to all winners past and present and good fortune to others.

Thanks Shona

di3004

TOTALNEWBIE wrote: »

Can I ask what you say in the emails you send to the ceos please?

Hi there

In the past I have emailed the CEO's if I've not heard from the customer team, and/or the way my complaint have been dealt with, so if your not happy with something in regards of your case and lloyds, email the CEO but sent to the customer team at the same time, the CEO will not get back, but the customer team will realise the CEO have also received the email as well, and will normally deal with matters quicker and sometimes better.;)

di3004

KENNEDYSHP wrote: »

Hi there. First time writer. I complained to the Halifax on the 18.05 this year, re ppi on five personal loans and a credit card agreement.
Today I received a letter UPHOLDING my complaint for 4 of the loans. But 1 loan complaint was rejected, (dated June 1998) and credit card was also rejected.

I have no paperwork for any of the loans so no idea of what to expect.
Although last loan in 2003 was for £10k over 4 years.I have sent acceptance form today. Can anyone advise how long they waited for breakdown and payment.

Congrats to all winners past and present and good fortune to others.

Thanks Shona

Well done and Congratulations!:beer::T:j

Shame they could not have given an offer on the older ones as a goodwill gesture, but still, Well done!:T:T

maryspecial

KENNEDYSHP wrote: »

Hi there. First time writer. I complained to the Halifax on the 18.05 this year, re ppi on five personal loans and a credit card agreement.
Today I received a letter UPHOLDING my complaint for 4 of the loans. But 1 loan complaint was rejected, (dated June 1998) and credit card was also rejected.

I have no paperwork for any of the loans so no idea of what to expect.
Although last loan in 2003 was for £10k over 4 years.I have sent acceptance form today. Can anyone advise how long they waited for breakdown and payment.

Congrats to all winners past and present and good fortune to others.

Thanks Shona

Well done on the successes and hard luck on the rejected ones. Did they giV e you a reason why they rejected the last loan and credit card complaint?

chefyboy75

Quote:
Originally Posted by carlyberyl
Hi niggly I'm chefyboys other half thankyou for getting back to us. We've found the following if it helps?!
Loan 1 rebate of charges £867.40, monthly payment was £206.32 Inc ppi of £19.34
Loan 2 rebate of charges £2420.34, monthly payment was £276.85 Inc ppi of £33.33
Loan 3 rebate of charges £2855.18, monthly payment was £278.42 Inc ppi of £36.30
Loan 4 I can't find a rebate letter but the monthly payment was £353.91 Inc ppi of £54.40 interest rate was 14.2%
loan 5 says the following:
current balance outstanding £18100.72
Less-interest rebate £3809.96
Less-insurance rebate £2104.98
Settlement figure required in full £12185.78
This is dated 4th dec 2003 when the loan was paid in full
I hope this may help as we have no idea!!
LOAN 1 STARTED 21/02/2001


Premiums paid for 2 months @ £19.34 = £38.68
Feb 2001 to August 2011 is 10 years 6 months (126 months)
£19.34 x 8%/12 x 126 = £16.25
£19.34 x 8%/12 x 125 = £16.12

Loan + Interest + Insurance + interest = £4951.68 total charged less rebate of £867.40 is £4084.28
£4000 was original loan and carried forward to next loan £84.28 were charges. Part of this will have been PPI. The insurance is 10% of total loan so can only assume that 10 % is ppi so assume ppi carried into next loan was £8.43
£8.43 x 8%/12 x 124 = £6.97

Loan 1 = £86.45

LOAN 2 CONSOLIDATING LOAN 1 STARTED 06/04/2001


Premiums paid for 2 months @ £33.33 = £66.66
April 2001 to August 2011 is 10 years 4 months (124 months)
£33.33 x 8%/12 x 124 = £27.55
£33.33 x 8%/12 x 123= £27.33

Loan + Interest + Insurance + interest = £9966.60 total charged less rebate of £2420.34 is £7546.26
£7377.96 was original loan and carried forward to next loan £168.30 were charges. Part of this will have been PPI. The insurance is 12% of total loan so can only assume that 10 % is ppi so assume ppi carried into next loan was £20.20
£20.20 x 8%/12 x 122 = £16.43

Loan 2 =£158.17


LOAN 3 CONSOLIDATING LOAN 2 STARTED 11/06/2001

Premiums payable for 8 months
£36.30 x 8 = £290.40
June 2001 to August 2011 is 122 months
8% simple interest on 8 payments = £229.42

Total loan is £13364.16 less rebate 10508.98 less original loan £9269.41. £1239.57 c/fwd. PPI 13% SO PPI c/fwd is £161.14
£161.14 x 8%/12 x 113 (9years 5 months) = £121.39

Loan 3 £802.35

LOAN 4 CONSOLIDATING LOAN 3 STARTED 01/03/2002


Premiums paid 3 months £163.20
March 02 to August 2011 9 years 6months 114 months
8% = £124.03
Assume rebate plus interest is £250

Loan 4 is £537.23



Premiums £55.51 x 6 payments £333.06
June 02 to Aug 2011 = 110 months @8% £240.91
Insurance £3398.81 - £2104.98 rebate 12/03 £1293.83
Interest on PPI £1293.83 X 8%/12 X 92 MONTHS = £793.04

Loan 5 is £2660.84

Loan 1 = £86.45
Loan 2 =£158.17
Loan 3 £802.35
Loan 4 is £537.23
Loan 5 IS £2660.84

Total is £4245
n

Hi Niggly, we went through our statements and on loan 5 we actually paid 19 payments not 6, would you be able to work this out for us? many many thanks

NICKY77

Hi

I started my claim at the end of June this year. But it was all done over the phone, and wished i had filled in the paperwork because then i could of attached a copy of my policy that I already have with my bank.

Nicky

xx

moosetastic

just a very quick message to say I have received a reply from Egg about my credit card PPI, only sent it last week and got a cheque in the post today for just short of £300, I didn't have the card for very long (about 8 months) so I'm happy with the payout! Just waiting on 2 from Lloyds TSB (1 loan and 1 CC), Santander and Black Horse. Very glad I did this, was worth the price of a packet of envelopes and a stamp! Thank you MSE!!

RosieBrock

Wow Niggly -what an ace brain you have. A million thanks.