PPI Reclaiming successes and failures

amersall

ajward wrote: »

Phoned the halifax today and was informed after 7 weeks from sending the acceptance letter I have a letter en route :j They have given me a figure over the phone but wondered if anyone could advise if the offer is correct. Its mortgage PPI by the way with the original loan of 41750. Payments were as follows -

Thanks in advance the offer was around £5280 which was payments refund and 8% simple interest.

Year 2000 14.46 * 12
Year 2001 13.83 * 12
Year 2002 13.17 * 12
Year 2003 12.90 * 6
Year 2003 37.32 * 6
Year 2004 38.82 * 12
Year 2005 38.54 12
Year 2006 22.02 * 12
Year 2007 23.06 * 12
Year 2008 41.41 * 12
Year 2009 34.61 * 12
Year 2010 34.61 * 12
Year 2011 34.61 * 7

:T:T:TWell done :beer:
The ppi you have paid to date is £3.838.31
Go on the bank charge calculator and put the ppi amounts in and the date and year for each one,this will keep a running total of the ppi you paid and the 8%.
http://www.moneysavingexpert.com/reclaim/bank-charges#step2

only_mee

smitchy73 wrote: »

amers, it was in relation to something marksman had said on another thread, i think it was lloyds payment timescales, where several people didn't like his points about not spending or using the ppi redress for specific timescaled things before they actually have the money in their bank accounts. ie the bank tells you they'll give you the money in ten days time, so they pay a deposit on a car and to pay the rest by a certain date, and low and behold the bank doesn't pay out on time and they lose the car and the deposit they paid on it.

People weren't actually spending going by the banks guidlines were they :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl: more fools them!!!

amersall

smitchy73 wrote: »

amers, it was in relation to something marksman had said on another thread, i think it was lloyds payment timescales, where several people didn't like his points about not spending or using the ppi redress for specific timescaled things before they actually have the money in their bank accounts. ie the bank tells you they'll give you the money in ten days time, so they pay a deposit on a car and to pay the rest by a certain date, and low and behold the bank doesn't pay out on time and they lose the car and the deposit they paid on it.

Cheers for that i agree, with the timescales as they are now, i would hang fire too

I have always advocated waiting :eek:
my turn to get shot down in flames now :p:p:p

No amount of telephoning and e mailing gets you any further forward,you get it when you get it

di3004

Well done and Congratulations to all recent winners! :T:beer::j

Dazzarazza

Dizzywithmoney wrote: »

I started ringing them this morning dead on 8 am on the 0161 number but it cut off in the end so I tried the free number 0800 (the letter is downstairs) and that is the one they answered at around 20 past 8 am I think it was this morning.

Not that I got any joy really just over and over again told "we endeavour to pay you within 28 working days" - mine is now overdue!!

Hope this helps

Thanks - how overdue is yours?

smitchy73

only_mee wrote: »

People weren't actually spending going by the banks guidlines were they :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl: more fools them!!!

This is what marksman said and he was getting shot at all over the place. Although one guy I felt sorry for as he was planning on paying his mother's bills as she was in hospital and the bills to get paid with this ppi win were with the same bank ironically!!

smitchy73

amersall wrote: »

Cheers for that i agree, with the timescales as they are now, i would hang fire too

I have always advocated waiting :eek:
my turn to get shot down in flames now :p:p:p

No amount of telephoning and e mailing gets you any further forward,you get it when you get it

This is the same as my thoughts, I got my offer in on Saturday there, and my 16 weeks were due up on Monday, so in fairness to RBS they met their deadline by a couple of days.
They say up to 28 working days to pay so i've got it marked on my calendar and am on a countdown, I just want to know how much the loan will be reduced by and what still needs to paid off.
But it was quite funny looking back to Saturday, i'm on the phone to other companies seeking settlement figures which are no use as it'll be the best part of two months away, lol. At least I came to my senses.

iounowt

hi everyone ,this is week 15 of 16 weeks,tonight i logged into my credit card account to find a rfund of £500 all but a penny well pleased ,but how do i get the money shouldnt they have sent me a cheque for this amount? your thoughts please? how do i go about accessing this money ,hope this means my loan ppi and mortage ppi will be upheld soon ,i have had no letters this happened yesterday outta the blue! congrats all that have won recently x:D

smitchy73

iounowt wrote: »

hi everyone ,this is week 15 of 16 weeks,tonight i logged into my credit card account to find a rfund of £500 all but a penny well pleased ,but how do i get the money shouldnt they have sent me a cheque for this amount? your thoughts please? how do i go about accessing this money ,hope this means my loan ppi and mortage ppi will be upheld soon ,i have had no letters this happened yesterday outta the blue! congrats all that have won recently x:D

They should have paid this to you by cheque, although if you've had arrears on your account they can use this to settle the arrears. If you've not had any arrears phone them up and ask for it to be sent to you as per the FSA guidelines, if they refuse tell them you will report them to the FSA not FOS, dont take them up on the offer to withdraw the money from your card because they'll probably charge you for the priveledge.

Some others may have more experience of this.

ajward

Thanks for the replies about the calcs. Looks correct, Halifax looks have done something correct :j Has anyone else got offer amount via letter and how long before the cheuqe arrives? Not another 7 wks I hope. When I spoke to the lady she said once I sign the amount and send off then cheque will be issued. But previously I have spoken to others who have said the letter will come with cheque or cheque will arrive shortly after? Anyone got any experience of this? Thanks all for your help :beer: