PPI Reclaiming successes and failures

amersall

tifosi wrote: »

Quite correct

Sorry!


So -

RBS, Lloyds Banking Group, HSBC and Barclays

NOT HBOS

HBOS is part of the Lloyds group
And all banks, bar Santander, went to the JR,they were one of the good banks,who told the BBA where to go.

Katinkka

amersall wrote: »

Hi there, this was before jan 05,so they would not be regulated.
You need to go for the insurer,just put a claim in for mis sell to them and if they come back with a no,you can take this to FOS and they will deal with it.

Have you posted this on the mortgage thread? as this ppi is different to loans and credit cards.
If you have and you know you could have been mis sold then put your claim in.
If you want you can wait for the paperwork you are being sent,if this is just to put a claim in, then do it, but also,get one into the insurer.

Thanks so much for this. x

I can't see a mortgage thread?

SkiBum_2

Congrats to all today's winners:rotfl:

Does anyone out there have the postal address for Tesco Personal Finance and Capital One please?

smitchy73

Sophieh wrote: »

Lol no, no, noooooo! The terms of remaining balance are neither here nor there (ie; do we pay less over longer term or keep same & pay it off quicker) - that's not my issue!! I am confused about why GE Money would restructure the loan at all given that neither me nor loans.co.uk are paying them the PPI 'value' - (ie £9200 odd) in order to require the restructure in the first place! Do ya geddit now? lol or have I confused YOU even more now?? :rotfl:

Doh, i'm running away noo! lol

Niggly_2

Sophieh wrote: »

Lol no, no, noooooo! The terms of remaining balance are neither here nor there (ie; do we pay less over longer term or keep same & pay it off quicker) - that's not my issue!! I am confused about why GE Money would restructure the loan at all given that neither me nor loans.co.uk are paying them the PPI 'value' - (ie £9200 odd) in order to require the restructure in the first place! Do ya geddit now? lol or have I confused YOU even more now?? :rotfl:

In that case it depends how uk loans calculate the redress on the Loan

To keep the payments the same as they are you would effectively have to be given the £8100 on top of the the loan as well. If we take August as a fixed point in time then I have calculated the refunds you are due to payments and interest on the single premium of £8100. In reality then the £8100 should be handed over as well. This would be like having a top up loan added to the original loan of £30000.

So ppi payments plus interest plus 8% to August is £9225 plus the £8100 is £17325.

If your lucky they could add on 8% as well (£4k plus) but this is a bit different to what I have dealt with

You will of course have to continue paying the ppi premiums (now interest) for the remainder of the term.

N:beer:

amersall

Katinkka wrote: »

Thanks so much for this. x

I can't see a mortgage thread?

Sorry
http://forums.moneysavingexpert.com/forumdisplay.php?f=187

Also,you could try the broker before the insurer.

Rae115

tifosi wrote: »

Quite correct

Sorry!


So -

RBS, Lloyds Banking Group, HSBC and Barclays

NOT HBOS

is this right hbos as in halifax have not been given the extension.

they have told me they have been :eek: and even state so in their letters to me.

amersall

Niggly wrote: »

In that case it depends how uk loans calculate the redress on the Loan

To keep the payments the same as they are you would effectively have to be given the £8100 on top of the the loan as well. If we take August as a fixed point in time then I have calculated the refunds you are due to payments and interest on the single premium of £8100. In reality then the £8100 should be handed over as well. This would be like having a top up loan added to the original loan of £30000.

So ppi payments plus interest plus 8% to August is £9225 plus the £8100 is £17325.

If your lucky they could add on 8% as well (£4k plus) but this is a bit different to what I have dealt with

You will of course have to continue paying the ppi premiums (now interest) for the remainder of the term.

N:beer:

Yes Niggly,this is the only thing wrong with getting the ppi back to you,this ppi is still on the loan to term end with interest,and that will be mega bucks:eek: far more than the refund

amersall

Rae115 wrote: »

is this right hbos as in halifax have not been given the extension.

they have told me they have been :eek: and even state so in their letters to me.

You are correct,HBOS is part of the Lloyds group and have the extension :D
Panic over

GazMan

Hi all,

Just a quick question. I have today been told that my ppi complaint in relation to mortgage ppi has been upheld. I have been told by the bank that they will send me a letter which wont include the calculations which I have to sign before the calculations are made which will they say include the 8% interest. I just wondered if this is usual and why they can't calculate the refund first ?

Thanks in advance.