PPI Reclaiming successes and failures

Derwent

pigsmightfly wrote: »

Hi everyone,
Also, I wondered if anyone could work out roughly what they think I should receive so I can compare it to what they say, my details are below:

I took out a Halifax unsecured personal loan October 2004 for £5,000. The APR was 12.7%.

Amount of Credit (Cash Loan) £5,000
Total Charge for credit for Cash Loan £2,577.64
Total amount you pay for cash loan £7,577.64
Insurance Loan (Cash price of insurance) £1,498.44
Total charge fir credit for insurance loan £772.08
Total amount you pay for insurance loan £2,270.52
84 monthly payments of £117.24
APR 12.7%
Loan £6,498.44
Total charge for credit of loan £3,349.72
Total amount you pay £9,848.16
Monthly interest rate 0.987%
Arrangement Fees £64.98

(I was totally shocked when I realized this as I would never have agreed to take insurance at this price and as you can see from the above, a £5,000 loan is costing me almost double with a repayment amount of £9,848.16 in total!! :eek:)

Thanks in advance

You will get back roughly £3,200 depending on the date of settlement and the date you made the payments.

LynK_3

Hi, good luck to everyone this week, hope there is lots and lots of happy people by the end of the week. Hope I am one of those happy people.
Am almost scared to post this in case I am tempting fate, but I will have a decision later in the week on a M&S loan, and wonder would one of you lovely kind posters take a quick look at the figures, and tell me IF successful what I should be expecting back. Thanks in advance.

Loan Amount £5,000
Interest £1294.60
Total amount payable £6294.00
Insurance Details
Insurance Amount £1049.98
Interest £271.82
Total Amount Payable £1321.80
Apr 9.2%
Total Amount Repayable £7616.40

60 months @ £126.94
Date 20th April 2004.

With middle son starting uni in just over 2 weeks this money would come in soooo handy. Please, please let it be upheld.

maryspecial

yodacat wrote: »

I hope they are doing the May ones, I applied about mid may! Their sixteen weeks is up on 13th September so hopefully will hear soon!

Congrats to you!

Hi yodacat, ours went in mid may and letter came on sat. There have been a few mid may ones coming through on the forum during the past week so hopefully you will hear soon!! Good luck!!

Derwent

LynK wrote: »

Hi, good luck to everyone this week, hope there is lots and lots of happy people by the end of the week. Hope I am one of those happy people.
Am almost scared to post this in case I am tempting fate, but I will have a decision later in the week on a M&S loan, and wonder would one of you lovely kind posters take a quick look at the figures, and tell me IF successful what I should be expecting back. Thanks in advance.

Loan Amount £5,000
Interest £1294.60
Total amount payable £6294.00
Insurance Details
Insurance Amount £1049.98
Interest £271.82
Total Amount Payable £1321.80
Apr 9.2%
Total Amount Repayable £7616.40

60 months @ £126.94
Date 20th April 2004.

With middle son starting uni in just over 2 weeks this money would come in soooo handy. Please, please let it be upheld.

That will equate to around £1,930 give or take a few quid.

LynK_3

My goodness that was very quick. Thankyou so much.
Fingers, toes and everything else crossed.

pigsmightfly

Derwent wrote: »

You will get back roughly £3,200 depending on the date of settlement and the date you made the payments.

Thank you for taking time to do that, I have no idea how to work out what I would get etc.

The loan still isn't settled, will this affect anything or will they just use the money to settle it and pay the rest via cheque?

Thanks again

alastair1982

Good afternoon all,

Does anyone happen to have the email address for the CEO of HSBC? I originally complained about PPI two years ago, (that's right people, 2 years ago!) had the complaint rejected, sent it to the FOS, who have had the judicial review to wait on. Just over a month ago I received a letter from the FOS to say the complaint has been upheld and that HSBC will be in touch with an offer soon. Still nothing received in the post, and patience is starting to get very thin now. In the grand scheme of things, a few weeks out of two years is not much, but two years to have a complain resolved is pretty shambolic in my book. I'd love to know the banks reaction if i didn't pay my credit card bill for two years!

So if anyone can get me the CEO's email address it'd be much appreciated.

Many thanks people!

donna071272

hi i recieved a letter the other day from rbs this is what it says.
As our final response we would like to offer you a refund of all the ppi premiums paid (inclusive of interest) plus simple interest at 8%. As part of our offer to you we have also included a refund of premiums (and other cost you incurred e.g interest) in connection with the ppi policies with the loans you opened on 22nd may and 31st march 2004 we have considered these loans because they refinanced the loan /ppi you have complained about.
They dont mention how much the total pay out is but want me to sign the agreement before they send me a letter to let me know the total payout and how they worked it out. they are going to pay me on three loans i had the first two i dont know how much the ppi was but the last one i should be getting a refund of around £3000. should i just sign the paper work or ring them to see if they will tell me the final payout

DrSqueeze

alastair1982 wrote: »

So if anyone can get me the CEO's email address it'd be much appreciated.

Here you go:

[EMAIL="chiefexecutivehsbcbank@hsbc.com"]chiefexecutivehsbcbank@hsbc.com[/EMAIL]

donna071272

Am i right in what i expect back on the last loan i have

loan amount £5200.00
Interest £1750.32
Total amount £6950.32
Insurance amount £1674.56
Interest £562.98
Total amount £2237.54
APR 10.3%
Total amount repayable £9187.86

68months @139.21
26th April 2006