PPI Reclaiming successes and failures

jjww_2

Well done to any winners out there today and good luck to anyone still waiting to hear.:T

jjww_2

Hi

I have been successful in reclaiming mis-sold ppi on 2 loans I had with HSBC, but not sure where I would stand in regards to an Income protection policy we were told we had to take out when we took an hsbc mortgage, We are self-employed and paid the income protection policy from dec 2001 until november 2008. it was taken out as a seperate dd from the mortgage.

Thanks for any help.

Pickers9

After writing to the bank about loans dating back to 1997 I received my final offers this morning thought I would get a few hundred pounds or so BUT to my amazement £11k of refund offers! The biggest was £6700 on one loan! I have now written to check my last two mortgages with them! Thanks to MSE inspiration paying off my credit cards this month and cutting them up! just write if you don't know if you had PPI you might get the best reply ever!! Thanks again and gud look all... will let you know how the mortgage ones go!

jambos_1874

hi there just got a letter back from bank of scotland saying i would get back all ppi back plus 8% interest. But the letter does not tell me how much i will get back.

can any1 help with what i should do next. should i just accept the offer or should i phone bank and ask how much im getting back before i accept the offer.

any help would be greatful

jjww_2

jambos_1874 wrote: »

hi there just got a letter back from bank of scotland saying i would get back all ppi back plus 8% interest. But the letter does not tell me how much i will get back.

can any1 help with what i should do next. should i just accept the offer or should i phone bank and ask how much im getting back before i accept the offer.

any help would be greatful

Hi well done on your win. My understanding is that if you accept the offer they then make the calculations and send you a breakdown of the amount, that is the stage where you will be able to question the amount if it does not seem right. All you are accepting at the moment is the fact they are going to put you back into the position you would have been in had they never of charged the ppi.

amersall

jambos_1874 wrote: »

hi there just got a letter back from bank of scotland saying i would get back all ppi back plus 8% interest. But the letter does not tell me how much i will get back.

can any1 help with what i should do next. should i just accept the offer or should i phone bank and ask how much im getting back before i accept the offer.

any help would be greatful

Well done on your win :T
they are giving you the correct redress,if you accept this and when you get the figures,if you think they are wrong,post them on here and someone will work them out for you.
If they are wrong,you can go back to the bank.
You are accepting the redress and not the amount.

jambos_1874

thats great thanks

amersall

jjww wrote: »

Hi

I have been successful in reclaiming mis-sold ppi on 2 loans I had with HSBC, but not sure where I would stand in regards to an Income protection policy we were told we had to take out when we took an hsbc mortgage, We are self-employed and paid the income protection policy from dec 2001 until november 2008. it was taken out as a seperate dd from the mortgage.

Thanks for any help.

Hi there, and well done on your wins so far :T
you will get more advice if you post about the income protection on the mortgage here
http://forums.moneysavingexpert.com/forumdisplay.php?f=187
The posters on there are more knowledgable on mortgage ppi.

learner123

jjww wrote: »

Well done to any winners out there today and good luck to anyone still waiting to hear.:T

received upheld letter last week on 4 accounts from firstdirect, today received settlement, of £4,900, only paying premiums paid + interest

1, 4,813.00 over 83 mths 2002 7.9 apr
2 235.00 over 23 mths 2002 14.9 apr
3 2072.00 over 71 mths 1999 9.9 apr
4 2689,00 over 83 mths 1999 8.9 apr

got photo copies of these accounts acc 1 and 2 mentions drawn down date, is it afair offer, many thanksgood luck to all:T

natsbubbles

just wanted to share my brilliant news!
Got a letter from barclays today sayingthey are upholding my complaint..£4911.62
Thats far more than what i was expecting and will make me debt freeeeeeeeeeeeeeeeeeeeeeee, and also a tiny bit for me to treat myself.
Thanks to everyone on this site for keeping my faith going