PPI Reclaiming successes and failures

pauld1314

Hi All, new to this. I received an offer of £3630.73 from Black Horse which i accepted, i sent the acceptance form back right away. This was on the 30th of August. Anyone know how long roughly they are taking to make payments?

Regards
Paul

smitchy73

MoodyBlue wrote: »

Morning all

Just a quick bump to see if anybody can help with my query below...

Many thanks
MB

Hi Moody,

Do you know what you're monthly ppi payments were, I worked it out from your figures at about £47 per month.
Also did you pay the loan off in full? Or did you refinance it with another loan.

Let me know and I'll see if we can help, others may be able to help too.:D

smitchy73

Lynch wrote: »

They date from 1999 to 2005. They sort of explained about the breakdown on the phone but I did not really understand what they meant. Thanks for you comments:rotfl:

hi lynch, as Di said depending on if each of these loans refinanced one another you could be due more. How much were the loans for or how much ppi was on each one.

I was the same with RBS, 7 loans over a period of about 6 years, all refinanced by each other, each one got bigger, and each one got a brand new ppi policy. I've got about a week to wait for my decision now, and i'm hoping for a decent payout my ppi amounted over the 7 loans to about £5k, and thats not including any interest to get back at the 8%.

katiebbb

Well, just got to report my success on this one!
After having complained sometime in June and then advised on 18th August that my complaint had been upheld I waited patiently for the 6 weeks they requested to undertake calculations ... nothing came and a phone call on Friday indicated not gone for calculations yet and no idea whatsoever when that may be,,,

Found out the CEO's email address from this forum and sent an eMail yesterday just saying how I considered 6 weeks was time enough for them to calculate or at least to update me on the further delay etc etc

Got an eMail this morning at 11.20am and money was in my account by close of play today!!!!!

It is so worth the eMail if you, like me, are bored with the lack of post falling on the mat bearing good news.

It was only for 8 months of ppi on a loan paid in 2006 @ £33 but with the interest on top got £848 :rotfl:£7 less than my calculations but I'm happy

Credit to Mr Doherty for getting this sorted so quickly (in the end!!)

Just waiting on Halifax now .........

MoodyBlue_2

Hi smitchy

That's as much information as I have...

I asked Santander to take a look at my previous loans as part of a CC mis-selling complaint.

I did re-finance the original loan after 56 payments, but didn't take out PPI on the second loan.

I've done the same as you and divided the premiums figure by 56, giving £47.04 per month, but no matter how I calculate the interest payments, I can't arrive near the settlement figures that I've been given.

Do I need a full breakdown in order to be sure, or can I state that they're definitely wrong based on what I have so far?

Thanks for your help
MB

smitchy73 wrote: »

Hi Moody,

Do you know what you're monthly ppi payments were, I worked it out from your figures at about £47 per month.
Also did you pay the loan off in full? Or did you refinance it with another loan.

Let me know and I'll see if we can help, others may be able to help too.:D

trish22_2

justinntime wrote: »

After being on hold for almost 45 minutes.......

I finally get to speak with someone, I ask them the progress on my claim, they received my acceptance letter on the 17th August, man from Lloyds...

' Oh it seems your claim has been overlooked I will e-mail them straightaway '

Me..

' so the calculations STILL havent been done '

Man from Lloyds..

' No I will e-mail them now, should take a couple of weeks to get your redress '


Whaaaaaaaaaat!!!! Yet when I have rang in the past I get some snooty so and so telling me..

' You really dont need to ring, you will know when you receive your letter '

Whaaaaaaaaaaat!!! Do they offer some kind of 'goodwill' payment if they've 'overlooked' your claim does anybody know??

Thanks guys and good luck!!

Hi wished they did,i have been addressed by four names on my replies from lloyds TSB,3 times as one persons name on my acceptance form (not my name-may i add)and on my calculations letter,i was called Mrs E*8vans)again not my name,and to add insult to injury they said that the would post into some-one else'S bank account (again not my number),when i asked them what they were going to do about all the mis-haps there answer was, i will be pleased to know we have re-educated our staff.!!!!!!!!Big deal i cant spend that.
So no i think that you probably will get nowt !!!!!

Lloyds are skin flints-believe me

amersall

Jimmyz_Money wrote: »

Thank for the reply

Will have to wait and see

On a Good Note Egg Credit Card Settle

send letter 7th sept paid 30th sept

:jWhat a fast turnaround :T well done.

smitchy73

MoodyBlue wrote: »

Hi smitchy

That's as much information as I have...

I asked Santander to take a look at my previous loans as part of a CC mis-selling complaint.

I did re-finance the original loan after 56 payments, but didn't take out PPI on the second loan.

I've done the same as you and divided the premiums figure by 56, giving £47.04 per month, but no matter how I calculate the interest payments, I can't arrive near the settlement figures that I've been given.

Do I need a full breakdown in order to be sure, or can I state that they're definitely wrong based on what I have so far?

Thanks for your help
MB

Hi Moody,

I've looked again and I used a spreadsheet I found somewhere on the tinternet, taking the £47.04 as your ppi + interest for that part of your monthly payment, I've worked out that you should be due back approx £903 on top of your ppi payments which only brings it to 3537.24 so it looks like your offer might be okay, thats without knowing all the ins and outs and figures and % rates I'd say it looks okay.

Congratulations on your win moody.:D

smitchy73

MoodyBlue wrote: »

Hi smitchy

That's as much information as I have...

I asked Santander to take a look at my previous loans as part of a CC mis-selling complaint.

I did re-finance the original loan after 56 payments, but didn't take out PPI on the second loan.

I've done the same as you and divided the premiums figure by 56, giving £47.04 per month, but no matter how I calculate the interest payments, I can't arrive near the settlement figures that I've been given.

Do I need a full breakdown in order to be sure, or can I state that they're definitely wrong based on what I have so far?

Thanks for your help
MB

Meant to add you can use the bank charges calculator to work out your 8% statutory interest you should be getting back( I just didn't have time to put in the 56 seperate entries on it)

Step 2 in the bank charges reclaim bit here

http://www.moneysavingexpert.com/reclaim/bank-charges

This is the bit to open up.

Q. Can I charge interest on my bank charges? (inc. bank charges calculator)

:D

yodacat

katiebbb wrote: »

Well, just got to report my success on this one!
After having complained sometime in June and then advised on 18th August that my complaint had been upheld I waited patiently for the 6 weeks they requested to undertake calculations ... nothing came and a phone call on Friday indicated not gone for calculations yet and no idea whatsoever when that may be,,,

Found out the CEO's email address from this forum and sent an eMail yesterday just saying how I considered 6 weeks was time enough for them to calculate or at least to update me on the further delay etc etc

Got an eMail this morning at 11.20am and money was in my account by close of play today!!!!!

It is so worth the eMail if you, like me, are bored with the lack of post falling on the mat bearing good news.

It was only for 8 months of ppi on a loan paid in 2006 @ £33 but with the interest on top got £848 :rotfl:£7 less than my calculations but I'm happy

Credit to Mr Doherty for getting this sorted so quickly (in the end!!)

Just waiting on Halifax now .........

Hi Katiebbb,
Can you tell me what email address you used for MBNA? I am in the same position as you with MBNA so would like to send a little chaser! I am also waiting on Halifax, sounds like we are PPI twins!