PPI Reclaiming successes and failures

interested_81

Hi Everyone got my figures in from Barclaycard today can anyone check them they just don't look rite too me
Card was taken out in 2003 credit limit was £1,200
Refund off payments made by you for ppi cover £531.76
Refund off Interest charged on ppi premiums £499.34
8% simple interest per annum £32.44

Total refund payable = A+B+C £1,063.53

I know its hard too work the figures for credit cards but i have most off my statements and i added up the ppi and im sure the payments made was more than that plus in the last four years because offthe ppi and interest the card became overdrawn to £1,800 any advice on this would be greatly appreciated has i have too sign the acceptance form and return within 10 days just not sure what too do
Thanks in advance

tifosi

siwelnitramrm wrote: »

I hate the way folks are slagging of companies on here that do a fair job for fair payment. the choice to use a cmc is up to the person - I have no inclination of doing it my self I don't have a lot of spare time. X X claims got me my cash back.

Hi,

I have to say that you have been a member for some 3 months and in that time you have made a total of 2 posts

That in itself is no problem, as there are plenty of long time lurkers that stay here just to get some info but dont feel confident in posting, but....

1 post that directly names a CMC and a 2nd one that gives that same CMC's contact number?

Call me cynical but I'm a little concerned about your motives in posting here (mod's please note I have censored the CMC's name in my quote)

Derwent

tifosi wrote: »

Hi,

I have to say that you have been a member for some 3 months and in that time you have made a total of 2 posts

That in itself is no problem, as there are plenty of long time lurkers that stay here just to get some info but dont feel confident in posting, but....

1 post that directly names a CMC and a 2nd one that gives that same CMC's contact number?

Call me cynical but I'm a little concerned about your motives in posting here (mod's please note I have censored the CMC's name in my quote)

I was just about to say the same thing. Plus his/her user name appears to be Mr Martin Lewis backwards !

tifosi

interested_81 wrote: »

Hi Everyone got my figures in from Barclaycard today can anyone check them they just don't look rite too me
Card was taken out in 2003 credit limit was £1,200
Refund off payments made by you for ppi cover £531.76
Refund off Interest charged on ppi premiums £499.34
8% simple interest per annum £32.44

Total refund payable = A+B+C £1,063.53

I know its hard too work the figures for credit cards but i have most off my statements and i added up the ppi and im sure the payments made was more than that plus in the last four years because offthe ppi and interest the card became overdrawn to £1,800 any advice on this would be greatly appreciated has i have too sign the acceptance form and return within 10 days just not sure what too do
Thanks in advance

Hi,

it's a bit difficult for us to comment without the full figures and dates for the amounts you paid on the PPI

If you can post those, we can give it a crack

Did the card reach a 0 balance at any time throughout the card lifetime? (this is the only situation that is likely to create a credit balance (the £0 balance + the PPI refund to that date) to enable 8% interest to be due as compensation


:cool:

di3004

tifosi

I may need you OTR soon, I shall let you know when if that is ok oh and pretty please.:A:A lol.

One of the posters is due to post up some figures that he wants checking, just waiting for him to post them up now, if its ok by you though that is honey? Thank you xx;)

missjensa

mumofjanda wrote: »

Brilliant news!! Congratulations!:beer:
Just about to start on a complaint on my husband's Virgin Card (long since closed). Not sure whether to send a SAR first. Did you have a copy of the agreement before putting in your complaint?

Can I ask when you opened this account and the address you sent the complaint to.

Sorry for all the questions but all advice is very much appreciated!:A

Thank you!

I did not have a copy of the agreement, just some old statements. I put in the complaint form that, to the best of my knowledge, I applied online. This is what I recall doing. I had other credit cards at that time, none of which had PPI, as I do remember being aware of what it was. I was really surprised to see it on the old Virgin statements! I guess I didn't really examine them at the time (I was not very finance savvy in those days and was juggling too many cards!!!)

I opened the account in 2004.

The address I posted the complaint to was:


[FONT=&quot]Virgin Credit Card
The Customer Advocate Office
PO Box 1004
Chester Business Park
Wrexham Road
Chester
CH4 9WW[/FONT]

Hope that helps!

nerul

nerul wrote: »

Hi All and please excuse my newness!

Our business loan was taken out in November 2002 with Lloyds TSB and repaid in February 2005.
We have had a registered compliant with the FOS since 2009. In July 2011 we received a letter from them which stated our complaint had been upheld and an offer would be made within 10 weeks. We are still waiting. I spoke to the FOS on Friday last and they stated that we should contact them again if we have not heard from Lloyds TSB by 19th September.
We are confused about the difference between PPI and BLRI (Busines Loan Repayment Insurance). Are the calculations for recompense the same?

These are our figures...is there anyone who can help as to what our offer should be?

Loan £95,000
Arrangement Fee £1425.00 (added to loan)
Legal Fee £190.00
BLRI Premium £23233.44 (added to loan)

Interest Rate Currently 7.00% per Annum (as at 2002)
Debited Monthly @ 0.58%
Credit Period 180 months

Number of repayment 180
Repayment of Frequency Monthly
Loan Repayment £866.70
BLRI Repayment £208.83
Total Repayment £1075.53

As I said we cleared the loan in March 2005 and we were credited with £16774.49 Business Loan Insurance Refund.

Any help much appreciated

Sorry, just want to bump this. Is there anybody with a mathematical brain that can help? Many thanks

nerul

Topkapi wrote: »

RBS have had my claim since Aug 2010. I know yours was sent in July. Is there anyone on here with an older claim than yours? Last time I phoned them I told them I was being made redundant later this year and would like to get my finances in order so would appreciate it if they could deal with complaints in the way they said they would - ie in date received order. "No chance of us being made redundant" was the reply "We're stashed out with work!" Pardon me if I did not think that was a suitable reply. They have a lot to learn about customer care, but maybe after this fiasco they won't have any customers left!

Not quite connected but FOS have had our claim since October 2009 and we are still waiting.

tifosi

di3004 wrote: »

tifosi

I may need you OTR soon, I shall let you know when if that is ok oh and pretty please.:A:A lol.

One of the posters is due to post up some figures that he wants checking, just waiting for him to post them up now, if its ok by you though that is honey? Thank you xx;)

No probs Di

Just hope they arent TOOOOOOO complicated, otherwise it might be job for Niggly!

missjensa

bingobella wrote: »

can i ask what was your reasons for mis-selling, ive just called MBNA -Virgin this morning and had a rejection they said i ticked for ppi and ive signed the agreement. off to the FOS i go!

I wrote that I did not recall ever opting in or taking an active decision to take out PPI. I wrote that to the best of my knowledge I applied online (as this is what I recall doing). I also wrote that I ran into difficulties paying the balance on this card, but Virgin/MBNA never gave me the option to remove the PPI, even though I had made it clear that I needed to reduce the interest as much as possible. In fact, I recall one advisor saying that I needed the PPI more because I was having difficulties making the payments!