PPI Reclaiming successes and failures

di3004

paulaoakley wrote: »

Hi Everyone

Finally got letter from HSBC today with calculation - over £9500!!!:j:j Only taken since November 2010:mad:

However they have said they want me to pay off the existing loan and the amount of the loan includes the PPI payment!!! Surely this can't be correct. Also I am not in arrears with the loan so can I ask for the whole amount to be paid to me and carry on with the loan as there is only 8 months left??

Grateful for anyone to reply.

Paula O

Hi and well done to you!:beer:

I would write back and tell them, as you've no arrears and have not missed any payments, you have already been deprived of your money, so you will appreciate that the refund is paid directly to you, and to see that they have now cancelled the PPI that was added to the loan - which should be reduced payments now with the ppi removed.
Tell them as well you've waited long enough for it.
Good luck and hope this goes your way, you do have a point here.;)

di3004

littlehenrydog wrote: »

Hi Folks,
Just to let you all know after being told on the PPI hotline yesterday my offer wont be for another 4 weeks I had a letter today with all the calcalations and an offer for £9300!!!!!! Honest Im in shock cant belive it but oo so happy!!!! New car and New Yr in a hot country for me!!!!! :-)

Absolutely fab!:T Congratulations!:beer: and enjoy!:j

di3004

lucygooseyb wrote: »

Hi all, after being on here earlier today and talking to LoopyLoz about hopefully getting my letters etc - I was welcomed by 2 lovely looking letters from Lloyds after work today!

Letter 1 regarding my Credit card - £475.75 including 8% simple interest

Letter 2 regarding my 2 loans.
1: £201.45 including 8% interest calculated up until 13th October 2011
2: £2,353.21 which includes early settlement difference, interest of 8% calculated up until 13th October 2011 and excess balance & interest.

So in total it is £3,030.41!! HOLY MOLY I'm so blimmin' happy! I thought i'd get about a grand...

My credit card refund will be paid into my Lloyds account very soon (and after reading Loopyloz's message earlier that could be any day now fingers crossed) and Loan refund will come in the form of a bloody lovely cheque - now for the waiting on that. :rotfl:

I sent off the questionaires to Lloyds on 13th May. Finally some progress... Thanks so so much to all you guys for your help... You rock. :beer: xx

That is fab!:T Congratulations!:beer:

di3004

hookes789 wrote: »

Hi, I've been awarded a ppi refund from barclaycard of £1146.10, I'm just abit concerned that the Collins interest they gave calculated is incorrect.
Total ppi premiums - 977.90
Total compound int- 98.81
Total interest 8%- 69.39
Total refund - 1146.10

Without writing all the premiums and int calculated, can anyone see from one month , if their calculation is correct.

11/12/07 premium £20.64 apr 19.9% monthly int rate 1.527% cumulative premium £140.13 compound int 0.97p is this correct??

Well done on your success :beer: hopefully one of them who are good at working calcs out will be along soon, good luck.;)

di3004

klflosser wrote: »

Thought my luck had changed - got home and a letter from Barclaycard. However it was a copy of a 2005 statement, which it said I had requested. Rang them to find out who had requested it and they said I had cntacted them yesterday for a copy. Certainly not me. Why can't they just send me the letter with my cheque in!

Thats a strange one! :eek:

suarez_2

May be a daft question but with a credit card balance of just over £11000 which included ppi with lloyds,they have offered me £5033 last week:jthey are supposed to be paying it to my natwest account soon.But the big question is will my CC balance stay the same or will it have lowered by reconstruction.Many thanks for your advice.

paulaoakley

Thanks Di x very helpful as always I couldn't believe it when I saw the figure for the remainder still had the PPI in it. I will phone them tomorrow as I have my own personal claim handler as phoned up that many times over the delays. Thanks again. Will post with my response as soon as possible.

smitchy73

suarez wrote: »

May be a daft question but with a credit card balance of just over £11000 which included ppi with lloyds,they have offered me £5033 last week:jthey are supposed to be paying it to my natwest account soon.But the big question is will my CC balance stay the same or will it have lowered by reconstruction.Many thanks for your advice.

Hi suarez, I'm not too sure to be honest, however, there are two ways for them to work out what you're due, one is to reconstruct your account with removing all ppi and associated interest and if you're account goes into credit, then you get 8% interest on that part. The other is to work out what your card history would be with and without the ppi and repay the difference.

Of course if they are just refunding what you are due, they may well leave it up to yourself to decide whether to pay off your card or not, but just remember, if you don't reduce it, and reduce your limit at the same time, the banks win again, as they will still get all the interest from your balance staying so high.

I hope this helps and keep us up to date on how you're getting on.:D

sands02

loopyloz84 wrote: »

Hi

I sent my complaint in on 31st May, upheld letter dated 2nd September, calculations letter dated 16th September, payment in account today - 16 weeks and 2 days start to finish - not bad going for the infamous Lloyds TSB

:T:Tcongratulations:j:j:j:T:T:T:T Well done :beer::beer: hope I get mine soon, I complained 12th may, accepted 27th August, got calculations 8th september - no money as yet:mad::mad:

milkyshake68

sands02 wrote: »

:T:Tcongratulations:j:j:j:T:T:T:T Well done :beer::beer: hope I get mine soon, I complained 12th may, accepted 27th August, got calculations 8th september - no money as yet:mad::mad:

I complained middle of May, accepted 31st August, got my calcs today for an existing loan.
It seems like they are settling the cc's with money direct into bank and settling loans with cheques. Has anyone actually received a cheque off LTSB yet!!!