PPI Reclaiming successes and failures

bradzki

grastaff wrote: »

just had e-mail returned - undeliverable. Can anyone help me with the ceo mail address for ltsb please?:rotfl:

antonio horta-osorio
ceo lloyds banking group
25 gresham street
london, ec2v 7hn


postal address if that helps

dilus

kaladin wrote: »

Please could someone explain why we have to pay 20% tax on the interest ? Very unfair i feel ;-(

The 8% is in effect compensation (it's what a court would award) and as such classed as income:mad:
You ONLY have to pay tax on it if it has been paid to you GROSS. Some banks pay it net (stop the tax for you) If it has been paid GROSS then inform HMRC but not until you have the money in your bank, they will adjust your tax code and you will pay it over the remainder of the tax year.

di3004

https://forums.moneysavingexpert.com/discussion/1475623

Resource thread post number 23.

jeannie1505

paid_too_much wrote: »

Just found this address on another thread

Capital One
Legal Compliance Specialist
Capital One Bank (Europe) plc
Trent House
Station street
Nottingham
NG2 3HX

Brilliant thanks, will go put my brain into gear and write them a nice letter(with of course the obligatory choice words such as incompetent, unprofessional fraudulent, possibly include toe rags) and see what their response is, will let you know if I get anything back good luck x

millerme0

had a letter on the 3Rd of November saying that they have given me a 8% interest and will forward payment a.s.a.p has any one got any idea how long before i see payment my claim has been going thro since dec last year and i am sick of waiting now

amersall

villan501 wrote: »

Ladies and Gents and my good friend Cappo

I need your help

I have 4 loans that I complained about with halifax they were for 2.5k, 3.5k, 9k and 12 k I dont have all the figures however the crucial loan of 12k which I took out in 2004 ( When Halifax front loaded the PPI)I paid 12 months @£293 = £3516 then refianced. I TODAY 2 cheques in the post for £629 and £329 total £968with no calculations/ No reference number and the cheek of it my letter inside was addressed

Dear Sir/Madam

What I need help with I think there well out with figures of that £ 3516 I must have apid half at least of the PPI.

I know I have the ombudsman but im so angry im a civil servant and I get 6 months full pay then 6 months half pay as well as a pension payment of at the time £45,000 as of 2004 so defo didnt need the ppi. Can I excalate past the Ombudsman and take it higher maybe court if so what do I need to do

Please experts do me proud

Ring them up and ask for the breakdown of the figures.
With you having so many loans and refinancing one with another,you wont have paid many months of the actual ppi.
The £12000 loan only made 12 payments of ppi,you dont get back the loan payment,only the ppi monthly payment.

When you settled each loan you will have had a rebate of the ppi,so when they give you the ppi back, if the loan is settled,they take this rebate off your win,so you will get the total ppi back,less the rebate,you then get the 8% on each ppi payment paid to date, the monthly ppi payment includes interest.

You need to get the calculations from them.
Do you know what the ppi monthly amounts were for each loan and how long you paid these for before they were settled?.
If you know this,you can work out roughly what you should be due for each loan.
Is it possible this is just for one or two of the loans?.

amersall

di3004 wrote: »

https://forums.moneysavingexpert.com/discussion/1475623

Resource thread post number 23.

Hi Di,all painted out yet? x.

amersall

dilus wrote: »

The 8% is in effect compensation (it's what a court would award) and as such classed as income:mad:
You ONLY have to pay tax on it if it has been paid to you GROSS. Some banks pay it net (stop the tax for you) If it has been paid GROSS then inform HMRC but not until you have the money in your bank, they will adjust your tax code and you will pay it over the remainder of the tax year.

Also,if you are a non taxpayer,or you have not earned or wont earn your tax code in the year from last april to next,you dont pay tax on the 8%.

amersall

sarahj1986 wrote: »

hi all,

Ive had a response from HSBC and they say the PPI was correct. I still dont think it was-

1, when I went into the bank to get the loan the monthly repayment was given to me as £120 approx, this included PPI and I was not given the option of without, nor was it mentioned it included PPI

2, When the documents were printed the PPI was very briefly explained to me. The lady said that if I signed for this insurance then I would get the money in my account the same day, if I didnt then it would be delayed. Needing the money to get a car the next day I signed it.

The response I have is basically going on the fact I signed the agreement, which yes I clearly did but the letter did not make any excuses for the £120 price nor why I was not given the option. Im not happy with the response-what do you guys think I should do?

Cheers

What reasons did you use for mis sell?,looks to me like this ppi was put on the loan and you paid this back over the term with interest,this is a no no!,write back and tell them you were not aware that this ppi was frontloaded,and in effect another loan on the loan and if they do not reconsider you will take this to FOS.

ladymazza

smitchy73 wrote: »

Another success!!

Halifax TMPP, sent in October, decision wasn't due until early January 2012, so well chuffed it's came in now.

Offer of just over £2500, if they are as quick as the credit card we should get it within the next week, although we'll wait and see!!

Congratulations to all those winners so far and good luck to those still waiting.

Halifax secured loan and small RBS loan to go!

Congratulations!:T I'm still waiting for my cheque from Bank of Scotland can you remember how long they took to issue yous?