PPI Reclaiming successes and failures

katiebbb

dilus wrote: »

Hi katiebbb
villan501 has paid £1,577.04 in total for the PPI (PPI + interest over the 24 months) according to his figures above, so he should receive that back + 8% standard interest (which I have worked out using a recommended equation) = £129 which TOTALS £1,706.04

Thanks Dilus - I get it now! Misread figures and thought the £1,577.04 was interest on top of the ppi - doh!

dilus

katiebbb wrote: »

Thanks Dilus - I get it now! Misread figures and thought the £1,577.04 was interest on top of the ppi - doh!

Yes, thought you had, no worries;) you had me double checking there

viccaleva

Has anyone had any recent success with HSBC for loan ppi? I'm 13 weeks into a 16 week wait and am starting to get impatient, will they really drag it out the full 16 weeks then reject the claim?

jeannie1505

paid_too_much wrote: »

YAYAYAYAYAY:j
sent a letter to Capital One on 12th October, got a response saying to wait 56 days, just recieved a letter saying UPHELD

£1787.45 Premiums
£290.78 Associated Interest
£714.98 8% Interest.
£2793.21 Total

Does that sound right though the PPI was added from 2004, surely the associated interest (card is @ 24.5%) should be more than the 8%, have they just got the figures the wrong way round??


Anyway still a yayayayayayay:j:beer:

hey well done you!!!
Can I just ask though, I have put in a claim to them on the 18th October and only today received the letter that says I have to wait up to 8 weeks while they investigate. How long did you wait from that letter til getting offer? I still have my card and only just discovered that am paying PPI, I am a civvy so no good to me, they say I bought it over the phone when activating my card in 2005.
Thanks and well done again

eirelav1962

can i ask how many years you can go back to claim ppi on loan i have the paperwork for it but i too it out back in 2002 and it was paid off in 2005 thanks

dilus

eirelav1962 wrote: »

can i ask how many years you can go back to claim ppi on loan i have the paperwork for it but i too it out back in 2002 and it was paid off in 2005 thanks

I would say get a complaint in as they are entitled to destroy history if the loan has been paid off for over 6 years. Having the paperwork certainly helps, make sure you only send them copies, good luck

citizenx_2

I took out a loan with Barclays in April 2000, this was superceded by a loan in December 2001.

For one reason or another, this fell into arrears and was recorded as a default in 2004.

In the intervening years I have made payments on the debt and awaited the high court ruling on PPI.

I submitted my claim and have been told in writing this is approximately £5500.

The bank have been asked to supply a copy of the loan agreement but have now sent me a letter saying this is not possible.

So:

They claim there is approximately £13,000 outstanding on the loan. As they cannot provide any form of copy of the agreement, I believe it to be unenforceable.

They cannot register a default as they have already done so and this has "fell off" my credit file. I believe they cannot register another.

They cannot persue this through an agency or court as the debt is unenforcable.

I've verbally explained my position to them and intend to follow it up in writing.

What are your thoughts on this situation.

1). Are they likely to accept the unenforcability of this debt without argument?

2). Am i right in saying they cannot add a further default if i refuse to pay on the basis i believe their debt to be unenforceable?

3). Can I insist they send the PPI redress figure, or part thereof to me directly?

ucs001

What can I say? Martin Lewis, at the very least I reckon I owe you several beers.so if you're ever up in North Wales on holiday please just let me know. After struggling for 7 years trying to bring up a family with a massive debt since graduating (with the usual PPI attached), I came across your site (after hearing you on Radio 2) . I completed the proforma complaint form and submitted it to HSBC during early August, based on the fact that the insurance policy was for 60 months whilst the loan was for 96. Today, £9833.49 was credited to my account which means my loans have all (well nearly all) gone and my wages will actually be mine for the first time in over a decade. A truly life changing event......so many, many thanks from all five of us. Look out Virgin, you were even more underhand and I'm coming after you next!

Cheers again Martin.

colemole

hi there any help would be greatly received
my partner has 2 loans with welcome finance i have the original agreements to both of these but they are before the 2005 cut off date but the loan is still active as welcome finance charge such high interest rates we got in to trouble with them then the loan started to get bigger i know he had ppi on these as i the agreaments and my parther told me that he could not have the loan unless he took this out what i need to know is can i still claim on these as i know the fscs are dealing with there complaints after 2005 loans how do i go about this do i need to contact welcome or the fscs
any help would be great

Smamfer

allofushere wrote: »

Hi
Does anyone have the email address for customer services for Black Horse? Is it the same as LLoyds TSB?

My ex partner and I have just been knocked back for a refund and I would like to give them a bit of a nudge.

My partner agreed to pay the loan when we split but has been unable to recently due to ill health. He is self employed and has been unable to work. During all the millions of conversations with Black Horse regarding defaults etc never has anyone there ever suggested he make a claim on the ppi on this loan. I was unaware that the loan even had ppi until I became embroiled in them pestering for money, which was when I put in a claim for a refund. Does anyone think I should push it a bit, or should I accept their decision that they believe we were mt missold. Eitehr way surely if they rule that then we should be able to claim on the insurance, shouldnt we?

Hi,, not looked yet to see if anyone has replied to yours but here are some email addresses i got given to use and this man was VERY good and fast

Geraint.Griffith@ltsbasset.co.uk

Geraint Griffiths | Compliance & Risk Executive | Compliance, Regulatory & Operational Risk | Lloyds Banking Group Asset Finance, St William House, Cardiff, CF10 5BH | Telephone: 0844 8910083
Email: [EMAIL="FOS.Queries@Blackhorse.co.uk"]FOS.Queries@Blackhorse.co.uk[/EMAIL]

Hope this helps anyone that needs it xx