PPI Reclaiming successes and failures

amersall

PreciousJade wrote: »

Hi, I have a loan from Barclay in 2006, but not long (1,5 years perhaps) after, i lost my job. so the PPI paid i cannot remember for how long, and i still owe them, with the help of CAB 2 years ago, i explain i cannot pay because i still unemployed, a few months ago i received a letter saying that i still owe PPI £5000. I just don't understand how this PPI work, would i stiill be able to claim ? Thanks

You would not be able to claim for unemployment again as you have not worked since your last claim,having said that,ring the bank and ask if you can.

If you meant "can i claim for mis sell".

Look here for reasons for mis sell.

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2

If any/all apply to you then put a claim in.

If you win mis sell,what you have claimed will be taken off the redress.

amersall

Cfc989 wrote: »

Hi, I'm new to this but i'm really hoping someone can offer me advice or maybe experienced something similar.
I was always aware that I had ppi on 2 loans going back 8 and 10 years. At the time, I was told that I would be refused the loans if I didn't take out ppi. 9 weeks ago I filled out the template letter and sent a request to the bank, last week I received an offer of almost £2400.
Sounds all very simple but while the bank have offered me 8% interest along with the offer, I should be receiving almost £3500. But the bank are only offering this to me on the grounds that according to them ppi was not misold on either loans but that instead of a one off ppi, a monthly paid policy would have suited my circumstances better. They didn't offer this at the time but if they had, it would have only cost me £1055. So they took this off the offer, hence my offer being£2400.
How can they offer me a refund and then take off a figure for a policy that they didn't offer?
I have 7 more days to accept or they have told me to complain to FOS.

Give FOS a ring and ask if they can do this,it is possible i suppose,but the FOS will be more help to you.

psychopathbabble

rang Halifax at the beginning of December, got a letter today stating they will be sending me £4200 for 2 loans and a few credit cards. Not sure how long I have to wait for this to arrive though!

amersall

psychopathbabble wrote: »

rang Halifax at the beginning of December, got a letter today stating they will be sending me £4200 for 2 loans and a few credit cards. Not sure how long I have to wait for this to arrive though!

:beer:Brill :j

psychopathbabble

amersall wrote: »

:beer:Brill :j

It couldn't have come at a better time (am on my fifth week off sick from work which means no money)

:beer::beer::beer:

amersall

What a relief for you x.

sams_dad

:jHi all
Just had two more upheld this week from Barclaycard expecting the last one today also

Barclaycard egg £8k
Barclaycard Gold £699 Going to question this one tho as the interest is low at £71 on payments of £545 + 8% simple interest of £82.00 IMO.

The total i have got back now i circa £22k plus fingers crossed the biggie today been paying over £100 per month ppi on this one.

To be honest MBNA were fntastic and Barclaycard very good too so cannot complain all for an hour filling in forms and £6.00 of stamps !!

Good luck everyone ........... and keep up the good work MSE

Newgirl711

Hi there,

I have just found out details of 3 loans going back to 1994.

I think the first one was approx £1000/1500 over 12 months.

I then took out another loan a year after this, and same again the following year. Again, I think they were for approximately the same amounts over 12 months.

The bank cant find find copies of the loans agreements, only the account numbers so they cant confirm if I had PPI or not. I think I probably did as I was only about 20 at the time and these were my first loans so I was quite naive and would have accepted whatever the assistant told me. However I didnt realise I have full accident/sickness cover with my work at 6 months full pay then 6 months at 75% pay along with a full redudancy pay.

My question is, have I been mis-sold? What are my chances of getting anything back?

jeany78

welshbird56 wrote: »

hi jeany i would say yes as this is how it was on our natwest statements

Fabulous, I shall write to them again and see what happens!
Thanks for your help. :T

lafaux

roar349 wrote: »

Just had a call from FOS, they've rejected my claim against Capital One. They've had nothing from Capital One to suggest I checked an opt-in box but think I would have taken it given my circumstances at the time (thinking back on this I find it more than a bit condescending)...

I've got 2 weeks to appeal.

Any advice? Anyone else had success against them with an online application?

I guess I have nothing to lose by appealing but from reading through posts I doubt I'll have much luck.

Capital One seem to do well fighting PPI despite the company's inability to sufficiently hold any written or phone records to defend thier case.

Also, a bit risky of the FOS to actually make the suggestion that you would probably have taken the Insurance due to your circumstances at the time - more than a little presumptous! :eek:

Capital One should be providing the FOS with the evidence used to defend the decision to refute your claim - if they cannot then how can the FOS acquit them and assume you are then wrong?

Fight it all the way!