PPI Reclaiming successes and failures

gratefull

thegaffer wrote: »

My 3rd claim with MBA has been upheld thats 3 totalling £20k now (1 x CC, 2 X loans)

the CEO there Ian Doherty is very good, emailed him and he gets within a day with the breakdown, if only Lloyd's were as good !

Question though can anyone help - How do i tell the taxman about the 8% interest (does he get it all or just a portion of it), but if someone could tell me who ro write to or website i would be most grateful

thanks

If you are currently a tax payer, paying 20% on your income, then you would only have to pay 20% of the 8% interest. Hope that helps.

TRY THIS LINK http://www.hmrc.gov.uk/incometax/index.htm

JasonW42

Following the advice on MSE and helpful folks on this forum I sent a complaint to MBNA regarding PPI on my credit card going back to 1996.

Today I have received a letter informing me they will be sending me a cheque for £6234.72! :beer:

Obviously very pleased with this and it's all thanks to the advice on here and about an hour or so of writing etc! The whole process only took a couple of weeks too!

Thanks MSE :money: and all the forum folks who gave useful advice and encouragement.

Jason

itsbeef

Hi Guys,

Just had a reply from NatWest in response regarding a small chain of loans I've had. They have made a collective "Goodwill Offer" totalling £347.81. Not much but I'm not sure if I should appeal against it simply as I don't know what the real total due should be.

any advice guys?

Thanks for your time

AP

alfie2012

Me and my Oh have just made phone calls to a couple of banks re mis sold ppi. My OH has received a questionaire from HFC (beneficial) bu their asking questions such as what is the policy number and if your earning had ceased during the term of the loan how would have maintained regular payments? Don't know how to answer these questions because at the time we were both in full time employment and we could have met the payments. We were sold the loan in HFC branch and their staff member told us we should take the insurance as it would mean the loan would be paid to us. the staff member did not say at any point that it was optional.

Sorry for long letter. I also put a complaint in to HFC but have not received any response..
At present we are in a DMP.
any advice on this will be gratefully received.
Thanks:o

teleop

I have today received a letter from MBNA saying they have upheld my claim & will send cheque in 28 days. now for the rest i hope . This has only taken 3 weeks i sent a letter and then i phoned as they didnt reply to letter & they told me they were paying out.:beer:

dilus

teleop wrote: »

I have today received a letter from MBNA saying they have upheld my claim & will send cheque in 28 days. now for the rest i hope . This has only taken 3 weeks i sent a letter and then i phoned as they didnt reply to letter & they told me they were paying out.:beer:

Hi teleop, fantastic result :T well done
MBNA upheld my complaint and I received my cheque 3 weeks before it was expected, they are quite good.
Would you be so kind to tell me if you receive a breakdown, they said that they sent me one before I got the cheque but it never arrived and I need to know how much tax I need to pay on the 8% interest. Will probably have to ring them to find out.

teleop

malli000 wrote: »

Do you have the email for Ian doherty?

I have not received letter about other credit cards i am claiming .When i rang they said someone would ring me back before this weekend. It was the same with the credit card that they hav just upheld i got no acknowledgement of letter sent. i had to ring to make sure they had got it. So just incase can you give me the email address of Ian Doherty.Thankyou. If im not been cheeky why did u need to email him.

teleop

dilus wrote: »

Hi teleop, fantastic result :T well done
MBNA upheld my complaint and I received my cheque 3 weeks before it was expected, they are quite good.
Would you be so kind to tell me if you receive a breakdown, they said that they sent me one before I got the cheque but it never arrived and I need to know how much tax I need to pay on the 8% interest. Will probably have to ring them to find out.

Thankyou Dilus. I will let u know if i get breakdown. What a great site this is really helpful . I would never had bothered reclaiming if i hadnt read the success stories & all the encouragement from others.( brilliant).:j

lamarsi

Just popping in to say thank you to this wonderful thread!! My situation is I had ppi on my secured loan and cc etc when i became ill 6 years ago I tried to make a claim for my mortgage and was told to go see a shrink.. seriously!! by the nice woman from hellifax, so then I cancelled all my ppi, anyway stuck a claim in three weeks ago for the ppi on my loan and they've just offered me £1070 which is all my payments plus £300 interest and I'm over the moon! going to write to claim it back on my mortgage and cc's now!! thank you for the template letter!! anyway anyone pondering over whether to put a claim in GET IT DONE!! easiest grand I've ever got !!

CarrDo

Joy oh Joy!

Opened a letter from First Plus this morning to find that I have been offered a full refund of a whopping £8,335!:rotfl:

No need to go through those thevin' claim companies who take a cut of your cash - I used the template on the MSE website and hey presto! a full cough up of PPI premiums plus 8%.

Thank you MSE - this will pay off my credit card, tax bill and a little left over for a good holiday!

You have really turned my circumstances around MSE. I hope that you realise what a crucial service you provide. Give Martin an knighthood for services rendered to the financial health and wellbeing of the nation!:beer: