PPI Reclaiming successes and failures

amersall

So happy days between me n the mrs we got £5400 back together

and all we did is fill out a form and read money saving experts brilliant guide

:j:j Congrats :beer::beer:

amersall

Fergster72 wrote: »

Thanks Amersall, greatly appreciated, will let you guys know how I get on with them.

I had been dubious about getting anything back but a workmate has just had payments from both Egg and Barclays for loans he had and no issues. Fingers crossed I don't have to do a runaround with mine.

You are very welcome fingers crossed.

amersall

sazdaz123 wrote: »

just got a nice letter from Beneficial offering £243.44 not as much as some on here but nice all the same:T

:j A win is a win :D congrats :T

amersall

mommame wrote: »

I am still in shock today as I made 1 visit to my local bank and asked for a list of all my loans,cards etc I have had with them including my mortgage which had mortgagesure attached.
That was early march so I then rang the PPI line and gave all the account numbers and explained my husband was self employed and we were always led to believe that he was covered etc.
We had confirmation to say they had 28 days etc to respond and yesterday it was like winning the lottery as we had a total of £7094.54 coming back to us and this morning another one regarding our mortgagesure for £5357.95 less £1205.46 which was my claim sometime in the 90s when I was ill.
They said I will be either paid straight to my account and others say in the form of a cheque all to be done within 28 days.
I am so happy as this has been the toughest year ever regards money health etc and we really needed a break.
I know the 28 days will be longer but I dont care as long as we get it.
I dont have to do anything unless I dispute anything.
Thanks to Martin and all you guys,I'm over the moon.

That is great :j:j congrats :T

amersall

I'm fairly happy with this offer, and I've accepted it, but I was wondering about possibly slightly sharp practice on their part. The letter was dated 26th April, and I received it but I didn't receive it till the 10th May. I checked my bank account, still with Lloyds TSB and the money had already been paid straight in. Would this have put me in a slightly difficult position if I'd decided not to accpet the offer? Could I have refused it if the money was already in my bank account.

If when you got the calculation letter you thought the redress was wrong , you at that point could have rejected and given the money back.

Another thing that confuses me, I still have an active loan with about £4000 to pay off. My initial thought was right, lets pay off the loan. But then at the bottom of the letter there's a bit that states:

"Our Personal Loan Service Centre will send you a statement which will show you the payments that we have made to your loan account and will confirm the outstanding balance on your loan. Please allow 28 days for your loan account to fully reflect the payments"

This has slightly confused me so I called Lloyds and got passed around between PPI, then the Loan, then back to PPI. They all talked about the loan being restructured to account for the PPI payments, but they couldn't say whether or not that actually means that the balance of the loan will be reduced. Its all slightly annoying - Ideally I was thinking I'd pay off the loan straight away so that my next installment of £460 that would be due on the 20th of this month wouldn't be due, but now I'm thinking is it worth waiting to see what this new statement is worth, because if the loan balance is to be reduced I obviously don't want to pay Lloyds more than I have to! If I did make the payment, and I later got the statement saying the amount owed had been lowered, would I then be able to get it back?

I presume you won mis sell with this PPI also?.

If you did, then they take the whole PPI from the loan balance, this will reduce the loan by this amount, if there is an amount left on the loan, they will reset this, if there is not a balance owing and you have made the next payment then they will refund this to you, they will send you a statement of the loan as it stands without the PPI.
Do not miss the next payment if the loan has not been reset, this will cause all sorts of problems and you will go down as defaulted, wait for the statement, give them the 28 days.

amersall

Benji_58 wrote: »

:j :beer: :j
Had our first win :j
Letter today from Halifax £6319 :j
One done 12 more to go :rotfl:

Should have cheque in 28 days. Not sure how quick Halifax send Cheques so just hope nothing goes wrong.

:j:j:j:j:j:j:j Brilliant :beer: well done :T:T here's to the next 12 :D

amersall

Benji_58 wrote: »

Well done to all winners this week (oh we are one of them:D)

:j :beer: :j

:p Alright already we know :rotfl:
And I have just bumped it for you again :cool::cool:

dolphingazer

Benji_58 wrote: »

Well done to all winners this week (oh we are one of them:D)

:j :beer: :j

:T:TWell done Benji:beer:

Hope you enjoy your money:D

Di_L

Benji_58 wrote: »

:j :beer: :j
Had our first win :j
Letter today from Halifax £6319 :j
One done 12 more to go :rotfl:

Should have cheque in 28 days. Not sure how quick Halifax send Cheques so just hope nothing goes wrong.

Congrats on you win Benji :beer: Halifax paid me in in two days after receiving my up held letter so hopefully you won't have to wait too long.

Di_L

I received a letter from Santander on Tuesday that was dated 26.4.12 advising that they have upheld my complaint for an A/L loan I had in 2003. They have offered £2206.:j:j

To date My husband and I have claim back just over £5300

Still waiting to hear from Barclay card, Santander card, Barclays (Loan) Capital one.