PPI Reclaiming successes and failures

smitchy73

dilus wrote: »

Yipeeeeeeee
Received a letter today from Bank of Scotland upholding my complaint in full. Repayment of all PPI + interest paid over 7 years @ 6% + 8% standard interest.
It works out to be about £50 more than I had calculated and to be honest I wasn't expecting to get the APR back, but have always had the opinion that you should get it, so that's a bonus

Calculation

Refund of premiums = £4,042.00
Refund of Interest at 6% APR = £ 956.38
Interest at 8%, calculated up until 12 Dec 11 = £1,482.74

TOTAL =£6,481.12

Do not need to send back an acceptance as they are paying by cheque
Complaint submitted 25th August 11, received acknowledgement 3rd Sept 11, they had 16 weeks to decide and it's taken 11 weeks, never had to phone, e mail or pull my hair out
Have to pay tax on 8%

Many, many thanks to Martin and this site that I have been an active member of since August, without which, I wouldn't have had a clue how to go about it.
Special thanks to Di, Amersall, Niggly, Smitchy and Beamerguy for steering me in the right direction you are all stars :T

:j:j:j:j:j:j:beer::beer::beer::beer::beer::beer::j:j:j:j:j:j:money:

Well done Dilus, well done my friend, hope you enjoy it and helps you out some.

dilus

paid_too_much wrote: »

yay congrats, great news :T:T:T:xmassign:

Cheers paid_too_much, makes me wish I had more to go at, this was the only loan I have ever had and have never possessed a credit card so feel a bit like a lost soul now. Oh well fully intend to hang about and help others where I can, it's the least I can do

Cheers smitchy, this loan I paid off in full and have no other debts so it will be put to good use

amersall

dilus wrote: »

Yipeeeeeeee
Received a letter today from Bank of Scotland upholding my complaint in full. Repayment of all PPI + interest paid over 7 years @ 6% + 8% standard interest.
It works out to be about £50 more than I had calculated and to be honest I wasn't expecting to get the APR back, but have always had the opinion that you should get it, so that's a bonus

Calculation

Refund of premiums = £4,042.00
Refund of Interest at 6% APR = £ 956.38
Interest at 8%, calculated up until 12 Dec 11 = £1,482.74

TOTAL =£6,481.12

Do not need to send back an acceptance as they are paying by cheque
Complaint submitted 25th August 11, received acknowledgement 3rd Sept 11, they had 16 weeks to decide and it's taken 11 weeks, never had to phone, e mail or pull my hair out
Have to pay tax on 8%

Many, many thanks to Martin and this site that I have been an active member of since August, without which, I wouldn't have had a clue how to go about it.
Special thanks to Di, Amersall, Niggly, Smitchy and Beamerguy for steering me in the right direction you are all stars :T

:j:j:j:j:j:j:beer::beer::beer::beer::beer::beer::j:j:j:j:j:j:money:

Yaaaaaaaay :j:j:j:j well done :T:T:T
glad to have helped :D:D:D

My bill is in the post :rotfl::rotfl:

dilus

amersall wrote: »

My bill is in the post :rotfl::rotfl:

Thanks amersall, what's the betting your bill doesn't arrive :rotfl:

gratefull

Calculation

Refund of premiums = £4,042.00
Refund of Interest at 6% APR = £ 956.38
Interest at 8%, calculated up until 12 Dec 11 = £1,482.74

TOTAL =£6,481.12 very interesting

well worth the wait then so pleased for you .............keep up the good work:T:T:T

nice work dilus m8

dilus

gratefull wrote: »

Calculation

Refund of premiums = £4,042.00
Refund of Interest at 6% APR = £ 956.38
Interest at 8%, calculated up until 12 Dec 11 = £1,482.74

TOTAL =£6,481.12 very interesting

well worth the wait then so pleased for you .............keep up the good work:T:T:T

nice work dilus m8

Cheers m8, will crack a bottle of red tonight me thinks :beer:;)

Mon_77

paid_too_much wrote: »

I ticked no to the box when I applied for the card I was mis sold the insurance when I called to activate the card in the summer of 2004, I remember the guy waffling on for ages about how it would cover all my cards and my partners. I had no need for the insurance as I was on maternity leave at the time (SMP so very low) and was returning part time so my partner would have taken responsibility for any payments. I don't remember saying yes. My guess is that if they do still have the telephone conversation on their records it's full of old flannel and they realised they didn't have a leg to stand on. However I expected more of a fight from them than this

I still have Santander to fight though

let me know how it goes and if I can help:)

Hi - can I just check that I have got this correctly. You have had your claim with Capital One upheld - the PPI was introduced when you rang to activate card ?

Reason for my interest is that I have had my claim with them declined based on exactly that reason they are saying that I started it during a phone conversation to activate the card. They also said that "their employees were well trained " and that they included a transcript of the script used - which they DIDNT include.

I would like to now go back to them and say that they are lacking consistency and stating that I know of the same reason/excuse where it was upheld .

Do you please have an email for the CEO of Captial One so I can send my rocket please ???!!!!

Thanks !:D

Placida

dilus wrote: »

Yipeeeeeeee
Received a letter today from Bank of Scotland upholding my complaint in full. Repayment of all PPI + interest paid over 7 years @ 6% + 8% standard interest.
It works out to be about £50 more than I had calculated and to be honest I wasn't expecting to get the APR back, but have always had the opinion that you should get it, so that's a bonus

Calculation

Refund of premiums = £4,042.00
Refund of Interest at 6% APR = £ 956.38
Interest at 8%, calculated up until 12 Dec 11 = £1,482.74

TOTAL =£6,481.1

Do not need to send back an acceptance as they are paying by cheque
Complaint submitted 25th August 11, received acknowledgement 3rd Sept 11, they had 16 weeks to decide and it's taken 11 weeks, never had to phone, e mail or pull my hair out
Have to pay tax on 8%

Many, many thanks to Martin and this site that I have been an active member of since August, without which, I wouldn't have had a clue how to go about it.
Special thanks to Di, Amersall, Niggly, Smitchy and Beamerguy for steering me in the right direction you are all stars :T

:j:j:j:j:j:j:beer::beer::beer::beer::beer::beer::j:j:j:j:j:j:money:

Great News Dilus!!!!

Have they given you a date to expect your money?

I've got 8 more weeks for my decision from them. Perhaps sooner?:) Fingers crossed.
Well done:T:T

dilus

Placida wrote: »

Great News Dilus!!!!

Have they given you a date to expect your money?

I've got 8 more weeks for my decision from them. Perhaps sooner?:) Fingers crossed.
Well done:T:T

Hi Placida, thanks.
No date given but calculated 8% up to 12th Dec and will send cheque "as quickly as possible" if they hear nothing from me, I'm zipped

Placida

dilus wrote: »

Hi Placida, thanks.
No date given but calculated 8% up to 12th Dec and will send cheque "as quickly as possible" if they hear nothing from me, I'm zipped

Can I ask when your loan was taken out? Just trying to work out what I might expect to get. The more I think about how the credit agreement was so misleading, I would have been more than shocked if they hadn't upheld your complaint. Such a mis sell:mad:

Happy Spending?:)