PPI Reclaiming successes and failures

terence13

Have sent away a claim to RBS for PPI on a cc. Received a letter today saying they have received complaint and they would reply within 16 weeks. Does anyone know if the banks have been given another extension (from 12-16 weeks) for dealing with complaints. I have already received a letter from them about a loan reclaim and letter I got back a couple of weeks ago was saying they had the 12wks.

Also am going to claim for a Sainsburys cc. Can anyone tell me if it is the same address as for Sainsburys loan -Bank of Scotland PO Box 761 Leeds, West Yorkshire LS1 9JF

sams_dad

Hi all just received my first PPI reclaim against MBNA called them on the 15/11 no forms filled in and today received a letter stating i will be getting back £13200 in 28 days, really chuffed on this but my 8% seems low at £288 can anyone advise if i need to get in touch to query the amount i was still paying ppi up to the 14/11/2011
my breakdown was as such
ppi premiums charged £6084
intrest associated with ppi £6864
total 8% interest £288
total £13237

thanks to MSE for all info now waiting on the other 10 claims !!!

dilus

sams_dad wrote: »

Hi all just received my first PPI reclaim against MBNA called them on the 15/11 no forms filled in and today received a letter stating i will be getting back £13200 in 28 days, really chuffed on this but my 8% seems low at £288 can anyone advise if i need to get in touch to query the amount i was still paying ppi up to the 14/11/2011
my breakdown was as such
ppi premiums charged £6084
intrest associated with ppi £6864
total 8% interest £288
total £13237

thanks to MSE for all info now waiting on the other 10 claims !!!

Hi sams dad, I'm taking it that this is a credit card complaint and if so the reason the 8% standard interest figure is as low as it is, can be due to the fact that you only get 8% interest on the occasions that the card is in credit. To get a high amount of 8% interest back you basically have to pay the card off in full every month, religiously. Hope this explains. Congratulation on the success :T

sams_dad

dilus wrote: »

Hi sams dad, I'm taking it that this is a credit card complaint and if so the reason the 8% standard interest figure is as low as it is, can be due to the fact that you only get 8% interest on the occasions that the card is in credit. To get a high amount of 8% interest back you basically have to pay the card off in full every month, religiously. Hope this explains. Congratulation on the success :T

thanks for that

only_mee

dilus wrote: »

To get a high amount of 8% interest back you basically have to pay the card off in full every month, religiously. Hope this explains. Congratulation on the success :T

Do you mean pay the minimum so leaves a larger balance on the card?

dilus

only_mee wrote: »

Do you mean pay the minimum so leaves a larger balance on the card?

No only_mee, the opposite, am I wrong ?

newton67

Hi all,

Does anyone know how long it has been taking Lloyds TSB to get back to you following initial claim ? Heard nothing in 10 weeks since contacting them.
Good luck and congrats to all those successful.

The_Marksman

newton67 wrote: »

Hi all,

Does anyone know how long it has been taking Lloyds TSB to get back to you following initial claim ? Heard nothing in 10 weeks since contacting them.
Good luck and congrats to all those successful.

depending on when it went into them, they have 12 weeks or 16 weeks
but you should have had acknowledgment of your complaint within the 1st 14 days

only_mee

dilus wrote: »

No only_mee, the opposite, am I wrong ?

No you got me thinking :rotfl:

dilus

only_mee wrote: »

No you got me thinking :rotfl:

You've had me questioning myself for the last half hour :rotfl:

If the removal of PPI and any associated interest puts the card into credit for any period, then you get 8% standard interest for that period.
That's how I understand it