PPI Reclaiming successes and failures

tifosi

jaysnan wrote: »

hi, i have just had a letter from lloyds tsb saying they will pay back all of my ppi insurance plus 8% interest,can anyone tell me do i accept this 1st offer,thanx

Is this for a loan or credit card?

The_Marksman

jaysnan wrote: »

hi, i have just had a letter from lloyds tsb saying they will pay back all of my ppi insurance plus 8% interest,can anyone tell me do i accept this 1st offer,thanx

:rotfl::j:beer: Great News :beer::j:rotfl:

if the figures add up & your happy, then yes accept

The_Marksman

beverleykim wrote: »

Hi all

Just an update. Rang Egg the other day as have two credit card complaints outstanding, and should have heard by the 19th August.

Egg advised me that our complaints are in a rather large pile waiting for Barclays to make final decisions, and they should make this by the 31st August. Not long now then I guess, but what a lot still to do.

fingers crossed for you :D

sunny8_2

Good luck to all winners today folks :j:j and lots of luck to all those who have tinkers that are awaiting exam results today :rotfl::rotfl: xx

The_Marksman

sunny8 wrote: »

Good luck to all winners today folks :j:j and lots of luck to all those who have tinkers that are awaiting exam results today :rotfl::rotfl: xx

Good call :rotfl::rotfl::rotfl:

missdm

i have been told that i will get a PPI refund of £6,500 including interest at 8%-do i have to pay tax on the interest? nobody seems to know-would be grateful if anyone can help-many thanks

clairet1961

Received letter today advising me that i will be receiving £7,343 back for mis-sold PPI for 2 LLoydsTSB loans.
The letter said that as my account was closed and the loan being repaid to their debt management department, they would send the money there. I phoned and asked them to send me the cheque instead and they said they would.

The letter also said that i may be liable for tax as it counts as income. I phoned the tax office and was advised that as i am using it to pay back debts, there is no tax liability to pay.:j

The_Marksman

clairet1961 wrote: »

Received letter today advising me that i will be receiving £7,343 back for mis-sold PPI for 2 LLoydsTSB loans.
The letter said that as my account was closed and the loan being repaid to their debt management department, they would send the money there. I phoned and asked them to send me the cheque instead and they said they would.

The letter also said that i may be liable for tax as it counts as income. I phoned the tax office and was advised that as i am using it to pay back debts, there is no tax liability to pay.:j

:rotfl::j:beer: Great News, Well Done :beer::j:rotfl:

tifosi

missdm wrote: »

i have been told that i will get a PPI refund of £6,500 including interest at 8%-do i have to pay tax on the interest? nobody seems to know-would be grateful if anyone can help-many thanks

Hi,

yes, tax is pyable on the 8% interest they give you

Is this a loan or card?

plumfin

I had an offer from Santander today for £810 Ppi premiums and £780 interest. Because the old Abbey card transferred to MBNA in 2001, they say that they don't have any details and are averaging this out. The card ran for 4 years with an average balance of around £1800. They have offered to investigate the further if I can prOvide proof of premiums, but i don't have statements from so long ago. Any advice or just accept it? MBNA are working On the claim from the time they took the card over. Thanks