PPI Reclaiming successes and failures

tyrosteve

l.m.hart wrote: »

Good morning

i have tried searching but with no luck,does anyone have the email address for ceo mbna?

thanks

hi look on !!!!!!

shar1234

Just called Barclays to find out when payment is expected, their letter says "within 40 working days". I asked whether it would definitely be within this time scale and they assured me it would be. Apparently I don't need to do anything else, they will pay directly into my bank account. Wish I had called earlier, I was put off as I thought I might have to wait in a queue for hours but they dealt with me straight away.

I just hope they deal with my payment as quickly..... 21 days and waiting

amersall

dizzeeblondee wrote: »

Amersall, I'm going to say you are incorrect.

I have just claimed PPI back from several accounts from the Hx, two of which were old accounts in joint names with my ex, which I haven't seen for several years. One was an old mortgage, and one was a loan
You can put in a claim, without the ex knowing, you are entitled to a 50% share of whatever PPI maybe due. If the bank has a contact address for the ex, they will write to them seperately. When they have calculated it all, they will write to you seperately and send a cheque seperately.
I only found this out when I put in a claim for all my accounts to be reviewed.

Only thing in my case, is that the ex doesn't want his share, as he didn't pay off the loans.....I did, and as he hasn't seen his son in as many years, wants me to have it instead.....he doesn't have a bank account either, so although the bank has a contact address he has now supplied, will only issue a cheque to him, which is A/C payee only!!! We sat in the bank together yesterday, and they were adamant they would only pay his 50% to him, even though he was giving his permission to sign it across to me!
If I hadn't have found my ex, the bank would have held his 50% until he came forward to claim it. I have had one cheque so far that was from the joint claim, with a letter saying the other half will be issued to him when he has contacted them to do so.

But the op doesnt want to be near her ex let alone sit in a bank with him so lets hope the op doesnt have the same trouble you did.
She paid this ppi and wouldnt like her ex to get 50%,and as you said,they will only pay the 50% to the joint account holder.
I hope the op proceeds with this and lets us know how she gets on,i would love to hear the outcome of this
And 5o% of something is better than nothing x.

never_too_old

amersall wrote: »

Here you are x.
[EMAIL="ian.odoherty@bankofamerica.com"]ian.odoherty@bankofamerica.com[/EMAIL]

thanks for that
one last question i have just had an email which says is from boa but it says i have to register before i can open it,is that normal:D

sallyannetag

Just phoned Ulster Bank on the offchance to chase up whether there was any movement! Letter of offer in the post to me posted on Wednesday so hopefully should be with me by tomorrow or Monday! :j Hopefully its the same for my boyfriends! If they clear the arrears, ill be £100 richer each month! My outstanding debt now stands at £1235.63 - 6 months ago it was quadruple that!!! I could actually be debt free by Christmas woohoo!!!:j

chocha

l.m.hart wrote: »

thanks for that
one last question i have just had an email which says is from boa but it says i have to register before i can open it,is that normal:D

I have had the same e-mail today, I registered and the e-mail was legit, just waiting for reply now.:D

chilliwitch

WOOOO HOOOOO!!!!Thank You all for your help and advice.
Just received a cheque from FirstPlus for £1298.45.It only took just over a year,which I didn't think was too bad.
Thanks to all of you for "Showing me the way"!!!couldn't have done it without all your advice.
I'll have drink for you all tonight!!
Chilliwitch xxx

supacute127

amersall wrote: »

But the op doesnt want to be near her ex let alone sit in a bank with him so lets hope the op doesnt have the same trouble you did.
She paid this ppi and wouldnt like her ex to get 50%,and as you said,they will only pay the 50% to the joint account holder.
I hope the op proceeds with this and lets us know how she gets on,i would love to hear the outcome of this
And 5o% of something is better than nothing x.

I've typed up my compliant letter and going to post it on my way home from work.

Best forget about it now for 3 months as I'm sure they'll be a huge back log.

Thanks all for the advice

moggy2009

Ive had my acceptance form in since 6th of september with barclays just been told ive to wait another 4 weeks absolutely disgraceful :mad:has anybody got the email address of the ceo for bank of scotland please thanks

Red_peppers

We've received out offer letter today :T

Our loan details are

Start May 2007

Cash Loan £35,600.00
PPI Loan £8,718.44
Total Loan £ 44,318.44

Repayments 240 @ £290.46 + £71.13 PPI = £361.59

7.9% variable


It says:

We would like to offer you a full refund of the premium with interest paid on the premium to date plus 8% per annum simple interest.

A) Refund of payments made for PPI £3,831.14
8% per annum simple interest £555.24
C) Total Refund (=A+B) £4,386.38

We will need to restructure your loan into the position it would now be in had the PPI policy not been added to the loan.

The calculation below shows how the refund will affect your loan:-

D) Original PPI Policy £8,718.44
E) Interest incurred due to PPI £2,903.52
F) Total value of loan reduction (D+E) £11,621.96

If you choose your refund as a cheque:

G) Outstanding Balance £39,429.09
H) Revised balance (=G-F) +A £31,638.27
I) New repayment £292.02

If you choose to apply your refund to your loan balance:

G) Outstanding loan £39,429.09
H) Revised balance (=G-F) £27,807.13
I) New repayment £256.85


Does this look correct to anyone?

I know FP are good at bending the rules but:

If we take the cheque why does the refund (A) then get added back onto the loan?

Why dont we get the interest (E) payed back to us?

I dont know whether to or:mad:

The way i worked it out was they take off the ppi £71.13 per month.

We get back
£3,831.44 premiums
£2,903.52 interest
£555.24 simple interest

Total £ 7,290.20

Then again I know I have missed a very important point, I just can't see what at the moment
:rotfl::rotfl::rotfl::D


Sorry nearly done!

on the acceptance form under the section for taking it via cheques it explains:
'we will refund the monthly payments made towards the PPI to you and then apply the interest paid on the insurance premium plus the value of the full premium to the loan balance. this will result in a reduction of your loan balance and your monthly repayments. the monthly payments due will then be reschedueled accordingly'

Eh!

Thanks