PPI Reclaiming successes and failures

Topkapi

forresflower wrote: »

Morning everyone
I finally got my letter from RBS this morning after submitting my claim in July 2010 and I have been successful! Their offer is for £2600 which is way more than I originally thought I would get. Of course there is no apology of admission of any mis-selling on their behalf just an offer of " goodwill ". Strange to make a goodwill offer but be following FSA guidelines on mis-selling payouts!!

I have sent the acceptance away recorded delivery and they will endeavor to pay this to my account in 28 working days, which I dont think is likely for a minute but the win is the important thing.

Thank you everyone for your support and advice and thank you Martin as I would never have done this without this website.

Congrats to all winners today xx

Thrilled to bits for you. Postman already been today and not heard anything yet but I hope I'm not far behind you. Have a great Christmas. Please come back and let us know when you actually receive your money.

nick_paddock653

Well after a 10 month battle, a nice letter from RBS dropped through my door this morning with an offer for £2,700. Happy days!

What can I say, its been a frustrating 10 months, but for the price of a few stamps and bit of patience, im now £2,700 richer! Thanks to all the advice of everyone on this site, right from Martin Lewis to each individual poster who has helped along the way.

Right, which part of the world shall i book my next holiday to......

forresflower

I forgot to say my letter was dated 29th August. Just such a relief to know I have been successful - my husband got word today he is being made permanent in his job after being temp for 2 years. A glass of vino tonight methinks. :beer:
Fingers crossed for you x

claire95

jjww wrote: »

Congratulations to everyone who has had successes. Many thanks to all of the invaluable help posters have given each other and big thanks to Martin Lewis.


I am still waiting for my calculations from hsbc but to be honest with you just knowing that it was upheld is enough to keep me going, I hope everyone who was genuinely mis-sold PPI gets back every penny they are entitled to.
:T

me too jjww it says on hsbc website we should have heard by the 4th sept if not give it a few days, then give them a call on the tel number on your upheld letter:T

classified17x

ok so my story
claiming against RBS 2 cred cards both high limits 1 for 10 years 1 for 5/or 6 years
ppi all way through never asked for it
self employed all my life
so invalid
sent a letter to rbs 3 months ago
had 2 letters back saying looking into complaint etc- then i emailed rbs CEO to hurry it along- received a response within 24hours
then few weeks later ( yesterday received 2 letters )
for each account-
addmitting no liability etc but offering me my money back plus interest plus 8%
considerable sums £7000 ish and £22000 ish
life changing money to me
only snag
letter says if your accounts are active we will pay these off the balances or if closed send you a cheuqe
my accounts are active but one balance / limit is 5k ish
other 9k ish
i do not want to the money paying off the cards i want what i am owed in cheuqes for me to decide what i do with
so i am supposed to sign the letters and accept their offers etc
Please if anyone has any advice of how i make sure i receive cheuqes please feel free to help me
i was expect a very long fight with the company through RBS but i have been very lucky that its only taken me 2 letters - 1 email and 3 phone calls to get to this point
personally i beleive they are caving in and want the whole PPI saga resolved
any help appreciated
still in shock to be fair
this is life changing for me x:j

tifosi

classified17x wrote: »

ok so my story
claiming against RBS 2 cred cards both high limits 1 for 10 years 1 for 5/or 6 years
ppi all way through never asked for it
self employed all my life
so invalid
sent a letter to rbs 3 months ago
had 2 letters back saying looking into complaint etc- then i emailed rbs CEO to hurry it along- received a response within 24hours
then few weeks later ( yesterday received 2 letters )
for each account-
addmitting no liability etc but offering me my money back plus interest plus 8%
considerable sums £7000 ish and £22000 ish
life changing money to me
only snag
letter says if your accounts are active we will pay these off the balances or if closed send you a cheuqe
my accounts are active but one balance / limit is 5k ish
other 9k ish
i do not want to the money paying off the cards i want what i am owed in cheuqes for me to decide what i do with
so i am supposed to sign the letters and accept their offers etc
Please if anyone has any advice of how i make sure i receive cheuqes please feel free to help me
i was expect a very long fight with the company through RBS but i have been very lucky that its only taken me 2 letters - 1 email and 3 phone calls to get to this point
personally i beleive they are caving in and want the whole PPI saga resolved
any help appreciated
still in shock to be fair
this is life changing for me x:j

This is against FOS/FSA protocol for refunds

They can only place money on the card if it is for outstanding arrears - other than that you can insist on it going to your bank account/cheque!

:cool:

classified17x

tifosi wrote: »

This is against FOS/FSA protocol for refunds

They can only place money on the card if it is for outstanding arrears - other than that you can insist on it going to your bank account/cheque!

:cool:

thankyou so much
xxx;)

Dazzarazza

tifosi wrote: »

Hi,

not all banks take the interest off, leaving you to pay the tax yourself, but some tax it at source

The figures look quite odd

What were the actual loan amounts, how long ago and over what term (in months)?

Hi

I cant remember off the top of my head, although loan one was consolidated with loan two.

I'm not at home until next week, I'll see about digging out the paperwork.

Cheers

DrSqueeze

forresflower wrote: »

I forgot to say my letter was dated 29th August. Just such a relief to know I have been successful - my husband got word today he is being made permanent in his job after being temp for 2 years. A glass of vino tonight methinks. :beer:
Fingers crossed for you x

Wonderful news, celebrate and enjoy :j:beer:

IANC

Dazzarazza wrote: »

As an act of goodwill and without any admission of liabilty by the way, is what Natwest said!!

Are they right to tax me?

DrSqueeze wrote: »

Congratulations on your win :beer:

Unfortunately, most interest is taxable - some banks are deducting it from the payment, others are paying gross but telling people they need to inform the tax office.

Just to add that it is only the 8% interest element that is taxable :money:

If the tax isn't deducted at source you will be required to submit a tax return with the amount of interest received.

If you are a basic rate tax payer, you will owe the revenue 20% of whatever you receive (in terms of the 8% figure only), so best to work it out and put it aside.

I can see HMRC having a field day with this and issuing fines to anyone that doesn't volunteer it on their tax return.

I would expect them to request details of all Gross payments made from the banks as this will bring in huge, much needed revenue for the Government.