PPI Reclaiming successes and failures

dyarterrace

i had a loan with tesco finance and was sold ppi. i wrote to them using martin's template to complain because I was retired when they sold me the ppi.
They refused my complaint, I took it to the FSO in the summer of 2008 and they upheld my complaint. I had a letter from them just before Christmas telling me that tesco finance would repay me the ppi. They said it could take 6-8 weeks before i had my refund. I have not heard anything from Tesco finance yet. Has anyone else reclaimed from Tesco and how long did repayment take?

elsadog_2

:j I have just received a cheque for £1407.00 from Needaloan as full and final settlement due to mis sold PPI. The loan was arranged over the internet through the above named company, they also arranged the PPI. I am self employed in the building trade, due to hard times, I decided to look at how to go about reclaiming my loan payments which were £211.32 per month for a loan of £9234.00. This included a one off payment of £1134.00 for the PPI. I discovered that it was impossible for me to claim on this policy. I decided to claim my PPI payments backj. My initial letter was flatly rejected, as the policy did cover self employment, but I found some clauses in the terms and conditions of the policy that I couldn't meet ie "my business must cease to trade and I must be in receipt of job seekers allowance and up to the time of ceasing to trade, I must be in full time employment" My point was, if I was in full time employment, why would I be closing my business down? I wrote to them again, this time they responded with a cheque for £250.00 which I returned to them stating that I wanted the full amount that I had paid including interest, or I would go to the Onbudsman to pursue my claim. This resulted in a phone call where I negotiated the final payment of £1407.00. Not bad for two letters and a phone conversation. Thanks Martin:T

dyarterrace

i had a loan with tesco finance and was sold ppi. i wrote to them using martin's template to complain because I was retired when they sold me the ppi.
They refused my complaint, I took it to the FSO in the summer of 2008 and they upheld my complaint. I had a letter from them just before Christmas telling me that tesco finance would repay me the ppi. They said it could take 6-8 weeks before i had my refund. I have not heard anything from Tesco finance yet. Has anyone else reclaimed from Tesco and how long did repayment take?

di3004

dyarterrace wrote: »

i had a loan with tesco finance and was sold ppi. i wrote to them using martin's template to complain because I was retired when they sold me the ppi.
They refused my complaint, I took it to the FSO in the summer of 2008 and they upheld my complaint. I had a letter from them just before Christmas telling me that tesco finance would repay me the ppi. They said it could take 6-8 weeks before i had my refund. I have not heard anything from Tesco finance yet. Has anyone else reclaimed from Tesco and how long did repayment take?

Hi there

Hope you hear soon then.

I think as they have so many to deal with in these complaints - maybe that is why they could be taking so long.

You could sent them a LBA (letter before action), I did have the copy of the letter but have mis laid this, but you could write if this is not paid out within 14 days you will consider further action, it worked for me, was not this company though.

But see what the others here post up who has had dealings with these and they may give some useful advice for you.

If you do decide to sent a letter before action, as this was done through the FOS, its always best to go through this with them first, just to keep them in the picture, good luck.;)

di3004

elsadog wrote: »

:j I have just received a cheque for £1407.00 from Needaloan as full and final settlement due to mis sold PPI. The loan was arranged over the internet through the above named company, they also arranged the PPI. I am self employed in the building trade, due to hard times, I decided to look at how to go about reclaiming my loan payments which were £211.32 per month for a loan of £9234.00. This included a one off payment of £1134.00 for the PPI. I discovered that it was impossible for me to claim on this policy. I decided to claim my PPI payments backj. My initial letter was flatly rejected, as the policy did cover self employment, but I found some clauses in the terms and conditions of the policy that I couldn't meet ie "my business must cease to trade and I must be in receipt of job seekers allowance and up to the time of ceasing to trade, I must be in full time employment" My point was, if I was in full time employment, why would I be closing my business down? I wrote to them again, this time they responded with a cheque for £250.00 which I returned to them stating that I wanted the full amount that I had paid including interest, or I would go to the Onbudsman to pursue my claim. This resulted in a phone call where I negotiated the final payment of £1407.00. Not bad for two letters and a phone conversation. Thanks Martin:T

Wonderful news, Congratulations and Well done ! :T :beer: X

showergirl

dyarterrace wrote: »

i had a loan with tesco finance and was sold ppi. i wrote to them using martin's template to complain because I was retired when they sold me the ppi.
They refused my complaint, I took it to the FSO in the summer of 2008 and they upheld my complaint. I had a letter from them just before Christmas telling me that tesco finance would repay me the ppi. They said it could take 6-8 weeks before i had my refund. I have not heard anything from Tesco finance yet. Has anyone else reclaimed from Tesco and how long did repayment take?

I would get in touch with the ombudsman as I am sure that I have read somewhere that due to the volume of complaints Tesco is taking up to 10 weeks before anyone is paid. Although I think this is unfair as surely once you have agreed to accept their offer they should should send you a cheque. How would they feel if we went into one of their stores agreed the price at the till for our shopping then told them they would receive their money within 6-8 weeks.

Hope you get your cheque soon

allthegirls

Hello, i had 3 loans with the Bank Of Scotland running consecutively from 1990 - 1996. My repayments in total came to 13,000. I thought i would try and claim the PPI having seen this site. I sent a letter on 16 January and just received a letter backk today to say they are upholding my claim and I will get the amount back in full plus intrests etc. I have no idea how much i will get (all opinions greatly accepted) but they will send me the money in about 1 months time!!!!!!! Not bad for 1 letter. I will let you all know what i get.

Im just waiting to hear about the Credit Card i have with them to see what i get for that.

di3004

allthegirls wrote: »

Hello, i had 3 loans with the Bank Of Scotland running consecutively from 1990 - 1996. My repayments in total came to 13,000. I thought i would try and claim the PPI having seen this site. I sent a letter on 16 January and just received a letter backk today to say they are upholding my claim and I will get the amount back in full plus intrests etc. I have no idea how much i will get (all opinions greatly accepted) but they will send me the money in about 1 months time!!!!!!! Not bad for 1 letter. I will let you all know what i get.

Im just waiting to hear about the Credit Card i have with them to see what i get for that.

This is brilliant news, especially as its at an older date :T :beer: , Well done and Congratulations, this will also give others hope, and also good luck with the credit card as well.;)

Di
X

pinknico

Well done on your success especially from so long ago.
Do you have any PPI totals to work with from your loans and are they all settled?

allthegirls

All the loans are settled. I paid back £13000 in total but i have no idea what the breakdown of this would be. Im just wondering how much i will get back from this

Im soooooooooooooooo pleased. Nothing ever goes right for me