PPI Reclaiming successes and failures

roar349

amersall wrote: »

If you have reasons for mis sell,then put a claim in.
Look here for reasons for mis sell
lhttp://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2
You only need the account number.

Just my regular account number or would the loan be a separate number?

dilus

roar349 wrote: »

Just my regular account number or would the loan be a separate number?

If it was a loan it will more than likely have a separate account/loan number, if a credit card the number off the card

nutty_nat

The_Logans wrote: »

Quick update - posted back acceptance of offer to Tesco on 30th December. Cheque arrived today

:beer::beer::beer::beer:

Good news so pleased for you.:D

nutty_nat

lostcount wrote: »

Just had a reply from the FOS. I sent a letter to them in November about MBNA who rejected my claim because they used pre ticked boxes for your PPI. Just had a reply that MBNA will now make a good will offer. They have ten weeks to send the offer to me.

Fos says they need to base it on.
Assume the customer would have made the same payments to the account without PPI. Remove the premiums and interest charges that resulted from those premiums including those arising because the ongoing monthly balance because it is higher than it would have been without PPI.
Pay 8% interest per year on any credit balance for the period that the account would have remained in credit.
Pay the consumer the difference between the revised closing balance and the original closing balance.
Pay 8% interest on that difference per year from the date of closure.

This is all confusing to me so will wait for the letter.

:beer::j:beer::j
Good news, you are so lucky the FOS sorted it out so quickly.

nutty_nat

TheHuntress wrote: »

Hi
Another update. I have been very lucky this week, I posted earlier in the week as I had received 2 cheques and today have had my offer from Barclaycard. I send my 1st correspondence on 15th November and today have had an offer of £584 so had not taken long at all really. I think I seem to be having more joy because my claims are relatively small compared to some so it's not taking me too long to get my offers.

Good luck all hope those cheques keep arriving :j

Well done on your win, I hope you don't mind me asking how did you find the C & G to deal with?:)

TheHuntress

nutty_nat wrote: »

Well done on your win, I hope you don't mind me asking how did you find the C & G to deal with?:)

No of course I dont mind.
I found them very fast and efficient until I had problems with the cheque and change of name. I sent my 1st letter on the 12th November and had a full response on the 16th November saying they would refund me my full fee.
I sent the acceptance form back and a copy of my marriage certificate (as this was from an old mortgage 6 years ago in my previous name) and then the trouble started. They said they received my acceptance form but not my marriage certificate and after numerous calls from me I still 2 months later haven't managed to speak to the rep concerning my case lol.
Im still on with it.
But yes they are very fast if you are claiming I was just an awkward one I guess!

peadars

Hi the Huntress, WICKED NAME.I notice you have had a result with littlewoods if you dont mind me asking how far back did they go with payments and what kind of balances per month? i ask as i have submitted a claim with another catalogue some months paying £8.00 in ppi going back to 1997.I no longer have the account but lucky for me i had a number of statements a hoarder you see.CONGRATS ON ALLYOUR RESULTS SO FAR.

lostcount

Just had a reply from the FOS. I sent a letter to them in November about MBNA who rejected my claim because they used pre ticked boxes for your PPI. Just had a reply that MBNA will now make a good will offer. They have ten weeks to send the offer to me.

Fos says they need to base it on.
Assume the customer would have made the same payments to the account without PPI. Remove the premiums and interest charges that resulted from those premiums including those arising because the ongoing monthly balance because it is higher than it would have been without PPI.
Pay 8% interest per year on any credit balance for the period that the account would have remained in credit.
Pay the consumer the difference between the revised closing balance and the original closing balance.
Pay 8% interest on that difference per year from the date of closure.

Can anyone give me some advice. When I receive the goodwill offer in the next 10 weeks from MBNA how do I know if it is a fair offer. I had the card from Aug 2004 to Feb 2008 it was always around £8000 and my monthly payments were between £220 to £250. The rate was 18.9%. I am not after a spot on figure but a ball park figure to base my reply to the offer on.

Thanks for any help received.

nutty_nat

TheHuntress wrote: »

No of course I dont mind.
I found them very fast and efficient until I had problems with the cheque and change of name. I sent my 1st letter on the 12th November and had a full response on the 16th November saying they would refund me my full fee.
I sent the acceptance form back and a copy of my marriage certificate (as this was from an old mortgage 6 years ago in my previous name) and then the trouble started. They said they received my acceptance form but not my marriage certificate and after numerous calls from me I still 2 months later haven't managed to speak to the rep concerning my case lol.
Im still on with it.
But yes they are very fast if you are claiming I was just an awkward one I guess!

Thank you for replying so quickly, we had some mortgages with the C & G and I think we paid exit fees. I feel a letter coming on.

dilus

lostcount wrote: »

Just had a reply from the FOS. I sent a letter to them in November about MBNA who rejected my claim because they used pre ticked boxes for your PPI. Just had a reply that MBNA will now make a good will offer. They have ten weeks to send the offer to me.

Fos says they need to base it on.
Assume the customer would have made the same payments to the account without PPI. Remove the premiums and interest charges that resulted from those premiums including those arising because the ongoing monthly balance because it is higher than it would have been without PPI.
Pay 8% interest per year on any credit balance for the period that the account would have remained in credit.
Pay the consumer the difference between the revised closing balance and the original closing balance.
Pay 8% interest on that difference per year from the date of closure.

Can anyone give me some advice. When I receive the goodwill offer in the next 10 weeks from MBNA how do I know if it is a fair offer. I had the card from Aug 2004 to Feb 2008 it was always around £8000 and my monthly payments were between £220 to £250. The rate was 18.9%. I am not after a spot on figure but a ball park figure to base my reply to the offer on.

Thanks for any help received.

No one will be able to give you even a "ball park" figure except for MBNA. You will probably find they will only go back 6 years as they may not hold information beyond that and it is dependent on numerous factors (balance on the card, PPI paid etc) Best thing you can do is to post the offer when you get it and people can advise then