PPI Reclaiming successes and failures

di3004

louloubelle80 wrote: »

Have today been informed that £3144.75 has been credited to my secured Welcome loan account as full and final settlement of my PPI Claim. I'm now only 33 months away from paying off the balance of £9571. A lesson well and truly learn't!

Thanks to all who write on here, it's a very helpful and informative website.

Lou

Brilliant!:T Congratulations!:beer:

emm79

LynK wrote: »

Santander money in my account this morning, whoop whoop.

Thanks to al the lovely, fabulous, wonderful, absolutely brilliant people on this site for all their help. (smilies still missing, raises glass, jumps up and down, dances etc etc lol)

Earlier that what u expected!!!!

Spend it wisely..as I didnt!! haha :-)

amersall

Red_peppers wrote: »

:j:j:j First Plus Upheld :j:j:j

As you may have read we were rejected by first plus last month so with loads of help I sent them a letter back asking them to look into it again.

I also emailed Bob Diamond. I received an email last week from a lady called Pam saying they were looking into it again and just now have taken a phone call from Pam saying they have reinvestigated and agree that it was mis sold and a offer letter will be sent today or tomorrow.

:beer::beer::beer:

Thank you so much everyone for your help

Di, Amersall, Niggly,nuttynat, cappo, conkerlily you're all fab!

No doubt I will be asking for more help when I get the numbers from them!

I was in a bit of shock when I took the call so forgot to ask if they are removing the interest from the remaining loan, never mind I asked her to put it all in writing for me.

HATE TO SAY THIS :p:p:p:p:p
BUT I TOLD YOU SO :p:p:p:p:p


:j:j:j:jAB FAB :j:j:j:j:j:j

NICE ONE :D:D:D:D

you will have the ppi taken off the total loan balance and your monthly payment will reduce by this ppi monthly amount :cool::cool::cool::cool::cool::cool:

emm79

welcome finance FSCS


I am so impatient!!!:-(
Emailed them yesterday and got a reply today saying "your claim is in the final stages and is awaiting final authorisation of decision"....wish they would hurry up with a decision..I feel as though ive become obsessed with checking the postman!!!

Well done to every1 with their successes so far :-)

Emma

amersall

WELL DONE TO ALL WINNERS SO FAR THIS WEEK
:j:j:j:j:j:j ONWARDS AND UPWARDS :beer:

NICE ONE RED PEPPERS :D LUV A WIN WITH FP:cool::cool:

thistle26

I just wanted to say thanks to everyone for their site and support. I have just recived a cheque from egg for £3772.24.
The posts of people on the site really gave me inspiration. I sent off my claim around 6 weeks ago to EGG - mid August and then on 30 September I received a cheque for £3772.24 - absolutely amazed and so pleased.

Loan balance I took out a loan of 14,000 in 2005 - around 3668 of that was PPI. I cancelled the PPI half way through
Got back - £3772.24
Lender - EGG

Thanks again for all your help.

Quiggles5

Hi, if anyone can make head or tail of this please do so or advice as to what to do next. Thanks

I was In a Scottish Trust Deed up untill August this year when I received my discharge letter. I had written to Capital One ref a missold PPI claim. They wrote back asking me to send details to confirm that I had indeed been discharged from the TD and that the TD had no obligations or interests in any money made by myself from now on. They said they never received the letter but now I have just received this in the post and I cant understand a word....

Thank you for recently contacting us regarding the PPI on your account.

Since we last wrote to you we have taken advice from our Scottish solicitors and they have confirmed our understanding of matters. Their advice is thaty no refund is due to be paid either to you or to your Trustee. The reasons for that are as follows:

1. A debtor has no legal title or interest in a claim for ppi premiums to be refunded after Sequestration - only the Trustee can make such a claim. That is because the contract for the credit card was concluded and the ppi premiums were debited to the account before the date of the Sequestration. Any claim for a refund arises at the time the PPI premiums are debited to the account. Accordingly, you can now now compentently make such a claim.

2. A formal valuation of Capital Ones claim bye the Trustee amounts to an admission of that claim. It also amounts to a waiver of a claim for a refund of any PPI premiums. However that communication was sent before Sequestration. The Trustee subsequently formally valued our claim under the provisions of the Bankruptcy (Scotland) Act 1985 to include the charges. That amounts to an admission and waiver.

3. In any event we can set off any claim for a refund against our own debit balance on the account. The claim yo have purported to make arises, in law, from obligations that were created prior to sequestration - the contract for the credit card was concluded and the ppi premiums debited to the account before that date. It does not matter that the claim was not intimated (nor valued) untill after the date of Sequestration. As a result, our own claim can be sett off against it. we refer you to the case of Asphaltic Limestone Concrete Co V Glasgow Corporation 1907 S.C. 463. That case concered a company in liquidation but applies equally in this matter.

Financial regulations require me to advise you that tyhis is my final response in relations to this matter. However you now have the option to contact the FOS blah blah blah......


Can anyone help please?

Topkapi

Managed to speak to RBS today after only three minutes hanging on. Confirmed they received my acceptance letter on 05/09/11 and I would be paid out on 12/10/11 which is exactly 28 WORKING days after letter received so watch this space next Wednesday when it should be paid into my account.

Just one thing that I don't understand and wonder if anyone can advise me. It was a seven year loan taken out in DEC 2004 with first payment taken out in JAN 2005. The monthly payments are £478.14 of which £111.00 is PPI. When I asked if the last few payments would now be reduced the lady said that I only paid PPI for 5 years so my payments would remain the same till the end of the loan. My payments have been £478.14 for the past seven years and have never changed and I have never missed a payment. Did she mean I was only covered for five years? If so then that was NEVER explained to me. I did ask and she said they just spread it out over the length of the loan. Does that sound right? Getting back over £14,000 so am a happy bunny anyway.

LynK_3

emm79 wrote: »

Earlier that what u expected!!!!

Spend it wisely..as I didnt!! haha :-)

I am trying to be sensible Emma, if I'd been sensible in the first place i wouldn't be in such a financial mess lol. However complete sensibility eludes me still I'm afraid, as I just bought a pair of Kurt Geiger ankle boots on ebay, of course they were a bargain at £31.50, and I couldn't resist !! :rotfl::rotfl: whoop whoop my smilies are back!!

amersall

Quiggles5 wrote: »

Hi, if anyone can make head or tail of this please do so or advice as to what to do next. Thanks

I was In a Scottish Trust Deed up untill August this year when I received my discharge letter. I had written to Capital One ref a missold PPI claim. They wrote back asking me to send details to confirm that I had indeed been discharged from the TD and that the TD had no obligations or interests in any money made by myself from now on. They said they never received the letter but now I have just received this in the post and I cant understand a word....

Thank you for recently contacting us regarding the PPI on your account.

Since we last wrote to you we have taken advice from our Scottish solicitors and they have confirmed our understanding of matters. Their advice is thaty no refund is due to be paid either to you or to your Trustee. The reasons for that are as follows:

1. A debtor has no legal title or interest in a claim for ppi premiums to be refunded after Sequestration - only the Trustee can make such a claim. That is because the contract for the credit card was concluded and the ppi premiums were debited to the account before the date of the Sequestration. Any claim for a refund arises at the time the PPI premiums are debited to the account. Accordingly, you can now now compentently make such a claim.

2. A formal valuation of Capital Ones claim bye the Trustee amounts to an admission of that claim. It also amounts to a waiver of a claim for a refund of any PPI premiums. However that communication was sent before Sequestration. The Trustee subsequently formally valued our claim under the provisions of the Bankruptcy (Scotland) Act 1985 to include the charges. That amounts to an admission and waiver.

3. In any event we can set off any claim for a refund against our own debit balance on the account. The claim yo have purported to make arises, in law, from obligations that were created prior to sequestration - the contract for the credit card was concluded and the ppi premiums debited to the account before that date. It does not matter that the claim was not intimated (nor valued) untill after the date of Sequestration. As a result, our own claim can be sett off against it. we refer you to the case of Asphaltic Limestone Concrete Co V Glasgow Corporation 1907 S.C. 463. That case concered a company in liquidation but applies equally in this matter.

Financial regulations require me to advise you that tyhis is my final response in relations to this matter. However you now have the option to contact the FOS blah blah blah......


Can anyone help please?

If i were you,i would contact FOS and get guidance from them.

It sounds right to me though if this debt was in the trust deed.

Others may know more regarding this and hopefully will help you with this.

What i would like to know,is where has the refund gone? you paid this with interest,looks to me like they have been paid twice.

Try posting here
http://forums.moneysavingexpert.com/forumdisplay.php?f=187&order=desc&page=4
you may get more help.