PPI Reclaiming successes and failures

only_mee

Thanks
......

FeelStupid

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.

Heard from them in week 11.

albajen

HI,i put in 10 claims (6 for loans and 4 for credit card) on the 27th sept 2011.I was sent a letter saying i would receive a reply by the 16 th December so was delighted when i received a cheque this morning for 1 of the cards for £1453.27!!!thank you halifax.There was no letter beforehand to state it had been upheld.BUT.......also this morning i also got a letter from the taxman asking if there has any change to my circumstance money wise i was to declare it!hmm..im thinking mr taxman knows about the cheque and wants some of it!!!

Idlehands

I have made a claim with a sainsburys loan I had, I recivied a letter dated 18th November saying I will be getting a chq for £4477 doesn't say long though can any1 help?

dilus

Idlehands wrote: »

I have made a claim with a sainsburys loan I had, I recivied a letter dated 18th November saying I will be getting a chq for £4477 doesn't say long though can any1 help?

Hi Idlehands, congratulations on the success :T As far as Sainsbury's/BOS are concerned I received my letter dated 14th Nov and received cheque on 2nd Dec. They don't appear to have the backlog of others so hopefully you are looking at next week

Hazchem

Two weeks ago I received a letter from "Loans.co.uk" upholding my claim and have agreed to pay me back £8.5k just waiting for payment

Yesterday I received letter from MBNA confirming payment of £10.5k this was for a credit card I had from 2000 until 2007 with a limit of £12.4k which I had maxed out

These were both achieved by one letter and one completed form each no "middle man" involved

Now waiting for 5 more

Thanks MSE for giving us the "tools" to take the big boy's on!

amersall

Hazchem wrote: »

Two weeks ago I received a letter from "Loans.co.uk" upholding my claim and have agreed to pay me back £8.5k just waiting for payment

Yesterday I received letter from MBNA confirming payment of £10.5k this was for a credit card I had from 2000 until 2007 with a limit of £12.4k which I had maxed out

These were both achieved by one letter and one completed form each no "middle man" involved

Now waiting for 5 more

Thanks MSE for giving us the "tools" to take the big boy's on!

:j:jThats the way to do it :T

tifo

Looking at all these refunds, some of them very significant, it makes me wonder how these would relate to means tested benefits (council tax, housing benefit, JSA etc)?

A refund MAY be seen as savings whilst the interest is income (hence the 20% tax deduction). When people get a refund, would they have to declare it as savings (their money was saved at a bank)? Once the cheque is paid, people suddenly have a large balance in their account and some may also be on benefits.

In a way, a refund is savings that deposited to the bank (as PPI/charges) from disposable income. The bank saved this money and has returned it to you and paid interest, just like a normal savings account (other than the statutory interest rate).

This makes no difference to those in employment and not claiming any benefits.

I think it also doesn't apply to tax credits as that's not means tested but income related.

weechicken

dilus wrote: »

In that case they have to add further interest daily (it's not a lot) but yes chase them up and let us know how you get on please as I have a feeling I may have to do the same

Hi dilus

Just to let u know received chqs on Friday for just over £4000 :j:j:j:j hope you've been paid also :beer:

dilus

weechicken wrote: »

Hi dilus

Just to let u know received chqs on Friday for just over £4000 :j:j:j:j hope you've been paid also :beer:

YEEEEHAAAAA :T well done weechicken, you and me both, got my cheque Friday too £6.5k :j:j:beer: