PPI Reclaiming successes and failures

suarez_2

smitchy73 wrote: »

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

Thanks for that info,i will wait for my next statement and see what happens. Will let you know:).

sands02

milkyshake68 wrote: »

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!!!

nope not even a suasage!!!:mad::mad::mad::mad::mad::mad:

sands02

milkyshake68 wrote: »

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!!!

I'm waiting on loan and credit card 16k so fed up with them just want whats mine:mad::mad: Had a death in the family last night so money would come in very handy as its an elderly uncle with no family!!!:(:(:(:(

Lyons79

HAVEFAITH wrote: »

Def def def take it to the FOS ... no question. Good luck & let us know how it goes

Thanks, and i'll be sure to update!

Lyons79

precious12 wrote: »

That's roughly the same reason why i put in my claim for being miss sold and my claim got upheld in July i would email the CEO and ask them to look at it again if this was not there final decision and if no joy let the FOS deal with it i don,t know what lloyds are playing at :mad: Good luck

It just basically says that they (lloyds) have investigated and they are satisfied that there were no issues with the sale and that if i'm unhappy to contact the FOS. So i'm guessing this is their final decision and contacting the FOS is the way to go.

So time to fill me out some more paperwork in time for tomorrows post!

Thanks.

Congrats on your result btw.:T

precious12

Lyons79 wrote: »

It just basically says that they (lloyds) have investigated and they are satisfied that there were no issues with the sale and that if i'm unhappy to contact the FOS. So i'm guessing this is their final decision and contacting the FOS is the way to go.

So time to fill me out some more paperwork in time for tomorrows post!

Thanks.

Congrats on your result btw.:T

Wishing you all the best with your claim i'm sure the FOS will go in your favour if thats not a mis sell then i don't know what is:mad:

Trainer

I think I've had a success. LloydsTSB have deposited an amount direct into my bank account a few days ago... but I've never had any paperwork from them to confirm the amount etc. Can they do this?

Maxi76

Hi, I got a rejection letter from Lloyds TSB earlier this month. A week later after finding info from the posts here and the FOS web site, I e-mailed both the CEO and customer care asking them to reconsider my case. I received a reply today saying they will investigate the issues I've raised and write within 2 weeks to confirm their position. I'm keeping my fingers crossed, but if they reject the claim again i will be taking it further to the FOS, no matter how long it takes.

Miss_Marple_2

Like many others today, it seems, I got my calculations from Lloyds - they are sending me £6,325.94 :j

To give an idea of timescales :

I sent an initial letter of complaint on 8th May
I received an upheld letter dated 22nd August
I received calculations today ( letter dated 16th September).

Just waiting for the payment now. No detail given as to when the cheque will be sent, but it says to allow 21 days for my current loan (which paid off the loan which my complaint was about) to be adjusted.

scottishchick27

milkyshake68 wrote: »

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!!!

Sounds promising to me as my timescale is the same, can't wait for tomorrow's post