PPI Reclaiming successes and failures

smitchy73

My turn, my turn, my turn, woooooohhooooooo, UPHELD!! Clydesdale Bank PPI on two loans.

Niggly I need you my friend.

Loan 1
27/9/02
Loan amount 10,000.00
Interest on loan 2,550.00
Additional charge 40.00
Total 12590.00

PPI 1994.00
Interest 508.47
Total 2502.47

Total Loan+ppi 15092.47

APR 9.9%

Monthly payments £250.87
of which Loan £209.17
and PPI £41.70
Made 42 payments of 60

Settlement figure £4064.51
Plus received PPI rebate to bank account of £166.71 just after settlement.

Loan 2 taken 15/05/06
Loan Amount 10,000.00
Interest 2,074.26
Total 12,074.26

PPI 2,102.00
PPI Interest 436.01
Total 2,538.01

Monthly payment 243.53
(made up of 201.23
plus ppi 42.30)

APR 7.9%

Settled on 28/01/08
Amount £7798.79
Made 21 payments

Redress from them as follows
Loan 1
Refund of the cost of PPI up when loan was repaid 1793.40
Plus interest at 8% on the ppi installments you paid 1017.69
Total 2811.09

Loan 2
Refund of the cost of PPI up when loan was repaid 2022.72
Plus interest at 8% on the ppi installments you paid 368.95
Plus interest at 8% on the ppi capital repaid at the time the loan was repaid 278.67

total from Loan 2 2670.34

Total for Loan 1 & 2 £5481.43

Well super'maths'man, how does this look to you?

Many thanks to you Niggly, DizzyDi, cappo, amersall, and any others who have helped, most thanks go to you Di you've helped me with advice on this the first time I complained and when it was rejected I didn't listen to the advice to go to FOS thankfully they've upheld this time around, thanks don't quite express it, so if you were next to me I'd give you a damn big hug, mmmwwwaaaahhhh

nikkilala_2

amersall wrote: »

:D:D:DJammy devil :rotfl:

I know, couldnt believe it, I've only just opened it as it didnt even say Lloyds on the envelope. It was a nice hand written cheque as well :rotfl: :rotfl:

ellmae

Just got over £3000 back from welcome finance for loans 2003 to 2005 happy days X

LynK_3

Rae115 wrote: »

WELL DONE ALL WINNERS :j:j

LYNK-ive called cassandra today - said she has just come back today. apparently she passed details for someone to keep me updated and call me but they probably couldnt get a hold of me as i wasnt in country - told her my phone worked and no one called. Shes gonna look into and call be back today/tomorrow morning.
that was about 9.20am.

Rae the person who was supposed to keep u updated initials wouldn't happen to be PG would they?
Apparently he was supposed to keep me updated but didn't hear from him until I emailed the CEO a fortnight ago to express my disappointment at their false promises, he called me the next day, to tell me mine was the most difficult case he'd ever had as they couldn't find me (sods law)! Some of the account numbers I've had have only 13 digits and are going back to 1995. I have a selection of statements from 1995 until 2000 but can't find any after that so my problem is I don't know when I realised I could actually cancel the damn ppi.
Don't know how long I should give until I email the CEO again my complaints been with them since early June so technically the 16 weeks are not up for about another 4 - 5 weeks.
I actually would never have emailed the CEO in the first place if they hadn't categorically told me I'd never ever had PPI when all along I was quite sure I had.:mad:
Keep me posted Rae if u hear anything at all.:)

di3004

nikkilala wrote: »

di3004 wrote: »

I have not been here much today folks, been to an appointment to sort out my darling son's future, with the careers office.
Completing forms the lot, looks like he's set to go into the ICT part of it bless him too. The disability adviser was marvellous with him.:T

So in my absence, I can see there have been lots of winners again today......:j:j.

Well done and Congratulations to you all! :T:beer::j:T:beer::j:T:beer::j:beer:

/QUOTE]


Good luck with the careers stuff with your DS Di, you deserve it for all the help and support you give on here x

Aww thank you so much honey xx:A:A

di3004

DarenC wrote: »

Hi I have a Barclays question hope this is the right forum.

I've been dealing with 2 ppi claims on behalf of my mother, in 2005 she was sold a ppi against a loan of £15000 premium loan £3903, charge for credit £1168 total £5071 payments of £60.38 over 84months (this loan ends Jan 2012 and she is still paying the ppi) As she was retired she did not need this and was pressured into it. So in Jan contacted Barclays using this sites forms, in March went to the FOS and get a letter from in July stating Barclays will make a gesture of goodwill offer etc so good news and waiting to hear exact offer.

Now in 2003 my mother had taken a loan out of £7000 ppi total £1662 I found this out later she had take the bigger loan in 2005 to consolidate debts etc (a bit of a mess but it's being sorted) so in April I sent forms off to Barclays to complain about this as she was retired in 2003. She received a letter today offering £500 compensation good will as they have no records as it was so long ago. I have sent them copies of the schedule and agreement.

How can they have no records of the loan is this just a stalling tactic or is it really too old?

Advice and thoughts appreciated

Daren

Hi and welcome, and well done on your mum's success.:beer:

If you have sent them copies of the paperwork, then that should be a big help to the reclaiming, if there was no details at all then it would maybe difficult, however they are supposed to keep data going back to at least the last 6 years, but many have still been successful in making reclaims going well back into the 90's and earlier.

Some have been upheld - and not had any paperwork at all.

In regards of the paperwork, did you send this along with the reclaiming or since they gave the offer?
If you have just sent these now, then ask them to reconsider.

Good luck and keep at them x;)

di3004

DrSqueeze wrote: »

Excellent, I wish him every possible success :beer:

Jim

Thank you so much x:A

di3004

AnnieFE wrote: »

Got my letter from Barclays today that I will get £4.200 back. I'm really happy. Thanks a lot again for the template and I can only advise everyone to fill the template form out themselves and don't fall into the trap of those companies who offer to do it for you. It does seem difficult, but I swear, if I can do it then everyone can.

:j

Brill :T:j Congratulations!:beer:

di3004

precious12 wrote: »

snap my letter was sent out on 21st august still not received phoned them today and there gonna send me another one remember they have to work out the calculations which i feel will take a while then a further 21 days to process the refund i reckon it will take another 8 weeks so im not even gonna get all excited were in for a long wait:(

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

di3004

nikkilala wrote: »

Just to let everyone know. I posted that I had received a letter from lloyds at the weekend to say that they would be paying back my ppi on a loan.Well am in shock as today the cheque for £2,800 arrived.So it only took a few days for them to send it. So far this week between me and OH we have had cheques for approx £8,200:j:j:j:j:) Mine seems a bit different to most of the posts about Lloyds. I didnt get a letter saying that they were calculating it, just a letter at the weekend saying that they would pay £2,800 and not to respond as it would be sent automatically, unless I was querying it. Maybe it's because mine was from 2000.

That is so fab!:T:j Well done and Congratulations! x:beer: