PPI Reclaiming successes and failures

di3004

mrsmax07 wrote: »

Just a quick update for you all waiting for news from TSB.
was just a little over the 21 days but this morning my bank is looking healthy. They have paid the remainder of the refund.
Good luck to everyone hold tight
Got a few more claims on the go, a barclay loan and a tsb cc... fingers crossed .... 16 weeks up around end Oct/Nov so will let you all know.

Keep up the good work MSE your all stars

Wonderful :T Congratulations!:beer:

Mine via Lloyds I received the refund into may account by 28 days, so not bad going that, well done!;)

di3004

pnash1981 wrote: »

Hi HSBC have agreed to pay me a whopping 4.5k. Does anyone know how long it takes them to pay up once you accept the offer? Thanks

That is fab, well done!:T & Congratulations!:beer:

I think it may vary from one bank to another, but approx 21 days after you receive the offer, maybe 28 days, they should confirm on the phone if you want to double check, good luck x

LynK_3

smitchy73 wrote: »

The above is just to add that interest rate is per month!!!

This is why some people who have had endless months and years with a high balance on their credit cards have been getting refunds into £20k+:eek:

Thanks for that So for example on payments of £25.90 (and there is quite a few of these) would i be due interest (if upheld of course) of 0.4169? so due £26.31??

Tigermaid

I have just found an even older Goldfish statement from September 2001 clearly showing PPI payment. I've just spoken to the Customer Relations Dept who have reopened my claim yesterday and he said that I should send in a copy of the newly found statement as it will help them calculate the redress!!!
Fingers crossed I might be getting somewhere.
I've also found an old Debenhams Store Card statement again from 2001 showing a PPI payment. Has anyone had any success with them?

sunny8_2

morning folks:):) Good luck to all today :T:T:Txx

smitchy73

LynK wrote: »

Thanks for that So for example on payments of £25.90 (and there is quite a few of these) would i be due interest (if upheld of course) of 0.4169? so due £26.31??

Ok if your monthly payment was £25.90 and interest is 41.69p this makes the total ppi charge +interest to £26.31/2, okay? If this is added to the balance of your card, and not paid within your minimum monthly payment, then it is carried over on to your running balance, where next month your interest creeps up that little bit more.
So if the £26.31 is added to your balance you are then getting charged the 1.61% each month until the balance is paid off, and this repeats with every month that ppi is charged to your account.
But what they have to do when working it out is reapply the charge (25.90) to your account, along with any interest charged on this charge(25.90), when they re-apply this to your card, if your account goes into credit, ie they owe you money, you also get 8% interest on this.
This is how working out the credit card ppi redress is soooooo complicated!

MARKOS72

Paperwork sent to FOS and signed for this morning.Just a waiting game now.

smitchy73

MARKOS72 wrote: »

Paperwork sent to FOS and signed for this morning.Just a waiting game now.

Good luck Markos, keep in touch.

AngelJem

Wrote to HSBC in May to claim back PPI on 4 loans since 2002 - received a letter last night to confirm that my claim has been successful and I will receive £2,199.00 back - good times!

smitchy73

AngelJem wrote: »

Wrote to HSBC in May to claim back PPI on 4 loans since 2002 - received a letter last night to confirm that my claim has been successful and I will receive £2,199.00 back - good times!

Well done Angel, great result:j:D