PPI Reclaiming successes and failures

amersall

Matryoshka wrote: »

So, do I need to inform them about the £48.99 I received today? :rotfl:

There's no breakdown of nothing in the letter attached to the cheque. Thanks.

You most certainly do :p:p:p
We do not advocate tax evasion on this site :rotfl::rotfl::rotfl:

amersall

Placida wrote: »

I have today received a letter from Barclays telling me that "in a previous? letter we outlined that we have upheld your complaint and that we would get back to you in 40 days with a breakdown of your refund etc" and their offer.

However I have not received any letter from them except the one telling me I would hear their decision by November 4th!

The offer is not as much as I expected and to be honest, I don't understand their calculations!
They are crediting the amounts to my current account but make no mention of when!!
Can anyone offer to look at the calculations as as they cover several loans, I would be typing all night.:(
Can I attempt to contact them to discuss this? They have stated they have enclosed a copy of the leaflet "your complaint and the Ombudsman etc.." Except they haven't

Help would really be appreciated
Thank you

Hi there.
You only get ppi back that you have paid to date,if a loan is still running you will get this reset.

If the loan was paid off and settled early,you will get all the ppi back less any rebate for early settlement.

In the case of rolled over loans,they give you the ppi back,again,less any rebate on the previous ppi.

Hope this makes sense.

You could post the figures up here and hopefully one of our maths wizards will help you with this,although they seem to be hiding at the moment must be the stress of all the calcs they have done

amersall

HAVEFAITH wrote: »

Hi Good News ... FIRST PLUS agree to pay 5.5k for a loan with ppi. I expect their not gonna rush in paying by the looks of this forum posting ... anyone got an First + stories or experiences to share out there?

:j:j:j Well done :j:j:j
Another FP ppi bites the dust :p

amersall

HAVEFAITH wrote: »

Hi I've just had an offer from First plus ... do they take long to cough up their promise?

Hi,you just have to "go with the flow" the only thing certain is,you have won and they have to pay you at some point

amersall

jimbogjones wrote: »

Hi

Can anyone tell me how I would make a SAR request to Lloydstsb.

Thanks

J

Hi there,you write with account numbers and ask them to give you all info they hold on you,dont forget to enclose a cheque for £10.

You may be able to get this info out of them over the phone,give it a try.

amersall

Congrats to all winners so far this week :j:j:j:j

Nice one guys n gals :cool:

Mrs_Impatient

Hi, Just seen some recent posts on here about paying the tax man money on the gross interest, why? Probably being thick, but thought you only had to pay tax on income, which this is not, nor is it a windfall, i.e. inheritance so why would we have to pay tax back on money that was originally 'stolen' from us, but is now being returned?

Placida

amersall wrote: »

Hi there.
You only get ppi back that you have paid to date,if a loan is still running you will get this reset.

If the loan was paid off and settled early,you will get all the ppi back less any rebate for early settlement.

In the case of rolled over loans,they give you the ppi back,again,less any rebate on the previous ppi.

Hope this makes sense.

You could post the figures up here and hopefully one of our maths wizards will help you with this,although they seem to be hiding at the moment must be the stress of all the calcs they have done

thanks amersall-will try to post figures later when I can think how to shorten them! I am lucky in that my complaint has been dealt with in such a short time compared to others-I only complained at the beginning of August:) It's complicated to understand (for me) because it involves several loans of which only 2 had ppi and I am still paying for a current loan-though no mention of restructuring it.
Their offer is just over £8,000 which is not to be sneezed at but their calculation tables are not in chronological order so methinks I will need a few hours to make sense of them:o

As I said in earlier post, Barclays referred to earlier letter in which they supposedly upheld my complaint.NOT RECEIVED I saw another poster had said exactly the same thing yesterday. They must be in a rush to clear backlog! They have not given me a date by which they will pay money into my current account. Though that probably wont happen any time soon.

How helpful are Barclays at answering phonecalls about their offers?? Guess I will just have to find that out:(

gratefull

Mrs_Impatient wrote: »

Hi, Just seen some recent posts on here about paying the tax man money on the gross interest, why? Probably being thick, but thought you only had to pay tax on income, which this is not, nor is it a windfall, i.e. inheritance so why would we have to pay tax back on money that was originally 'stolen' from us, but is now being returned?

Actually it is an income, albeit unearned (though im no expert) However it does open a new kettle of fish so to speak, we all had expenses in getting this 8%, for example phone calls postage and stationary etc.

Now that's a thought, should be claimable :rotfl:

linsoft

gratefull wrote: »

Actually it is an income, albeit unearned (though im no expert) However it does open a new kettle of fish so to speak, we all had expenses in getting this 8%, for example phone calls postage and stationary etc.

Now that's a thought, should be claimable :rotfl:

I think the thing is that the money they stole is not tax deductable, but the interest on that money is. If you had put that money into a savings bond you would have to pay tax on the interest earnt, same thing applies.

Mind I do agree that the cost of getting this money should be deducted from the tax bill.