PPI Reclaiming successes and failures

ANDY0001

On another noted i am employed and the letter states i should tell the taxman. What do i do and how much will i be taxed?

Moonoo

All it took was 1 letter to them, and I received a letter back with a break down of what they were offering, and the payment was in my bank within a few days of that. Just under £18,000 - I had no idea I'd spent to much on PPI. Scary.

Now I'm looking at my loans with other companies (advice on Paragon and Northern Rock appreciated!).

I probably would not have attempted this without the advice on MSE site, so THANK YOU!

:beer:

notamoneygrabber

ANDY0001 wrote: »

On another noted i am employed and the letter states i should tell the taxman. What do i do and how much will i be taxed?

Of course you tell the taxman but if you have the same experience we are having you will need a lot of PATIENCE.
IF YOU RING THEM THEY ARE UNHELPFUL AND TALK DOWN TO YOU AS IF YOU ARE SOME SORT OF TAX EVADER ,IF YOU WRITE TO THEM THEY DO NOT WRITE BACK ,VERY SLOW POSSIBLY MONTHS.
On what you pay depends on your tax coding but generally its 20% on the 8% interest if you are a normal taxpayer.
good luck with H.M.R.C THEY REALLY ARE AWFUL.

RuthnJasper

ANDY0001 wrote: »

On another noted i am employed and the letter states i should tell the taxman. What do i do and how much will i be taxed?

Andy0001 - here is a helpful article from this site, which I hope is useful to you: http://www.moneysavingexpert.com/news/reclaim/2011/11/got-a-ppi-payout-you-probably-owe-tax.

I am really glad to hear your good news - and that of PoTsyGirl74 and Moonoo - it's ever so encouraging. I'm still waiting to hear on mine.

Best wishes. x

[Deleted User]

PoTsyGirl74 wrote: »

Keeping everything crossed for everyone waiting, and sending huge THANKS once again to amersall, moneyineptitude and all others who give out sound advice on the forums, aswell as Martin:money: & all at MSE for their amazing site.

Posts like this make coming here a pleasure. Thanks so much and well done!

amersall

greeneyes1966 wrote: »

Hi All
been banging on about not using Claims Company's in a number of posts, would like to share my experience.

:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

Before I came across this site I used a Claims Company to investigate one of my biggest accounts (Natwest), which I very much now regret after finding out how easy it is to do it myself,
with all the helpful advice from this site.:money:

I filled in forms and sent them to the Claims Company, they then sent them on to Natwest, THATS IT and so far I have had to pay them £336.00, with another 2 loans outstanding.
I have today written to Natwest today informing them that I have not asked the Claims Company to investigate my Natwest Credit card and any contact from the Claims Company is without my permission. I hope the bank will uphold my request.

But in the Claims Company letter has said:

We can confirm receipt of your documents and have reviewed the information provided. The claim(s) listed below (which there was just one, I had to sign for each loan and one letter was produced for each claim) have had a letter of complaint sent out to the Bank(s). Please note in accordance with the Financial Services Authority(FSA)DISP 3.2.7 we have requested that the following Bank(s) investigate all mis-sold PPI that you may hold with them. Therefore we will contact you with any additional claims you may have with the Bank(s) that we will look into for you.

Is this legal do this?



I have only signed for three claims with the account numbers attached, I don't think they can just do any claim without my permission or signature?
Just wondering if anyone has had any similar experience with Claims company's or knows who do I contact for some advice.

Well done to all for successful claims:beer:

With the wording in the contract that you signed, you have given permission for them to claim all accounts that were mis sold with that bank.
At least you now know that you do not need a claims co, especially if you hear of anyone wanting to put a claim in, you can show them how to do it for free.

amersall

Keeping everything crossed for everyone waiting, and sending huge THANKS once again to amersall, moneyineptitude and all others who give out sound advice on the forums, aswell as Martin & all at MSE for their amazing site.

Glad to have helped at least someone does take notice of what I say unlike my Hubby and Son :rotfl::rotfl:

ladyaimee

are littlewoods telling me the truth? Hiya i'm all new to this and hoping i may be able to get some help from someone!!

I've been looking into reclaiming my PPI and today emailed Littlewoods Cat for the account details which i used to hold with them early 2000, i paid off the account and closed it. What im wanting to know the reply they sent back to me states i did have a PPI ( which i wasn't aware of) and i'm just wondering is there nothing else i can do to reclaim this as they seem to state i can't. As i don't really know about this subject i'm hoping someone might !! Thanks ;-):rotfl:

Thank you for your email.

I have taken a look at your old account and found that a PPI variant named Extra Care 500 was active on the account between the dates 12/09/2001- 02/07/2002.

Extra Care 500 is an optional insurance that could help cover your catalogue payments if the Account Holder or a partner (if eligible) is made unemployed (aged between 18 to 65), signed off sick from work (aged between 18 to 65), is hospitalised (no age limits), is diagnosed with a critical illness (aged between 65 to 74) and it may also cover Life (between the ages of 18 to 75). This insurance may also cover most goods purchased on your account against loss, theft or accidental damage up to two years from the date of purchase.

The premiums are calculated at 1.46% of any outstanding balance (this will include items ordered then returned or goods purchased under our 'buy now pay later' terms).
As previously stated, this Insurance is optional and as requested your insurance has now been cancelled. Any cover provided by this product will cease with effect from 2nd July 2002. As the request to cancel has been received outside of the cooling off period, no refund of the premium charged will be made.

If we can be of any further assistance or you have any further comments or queries please do not hesitate to contact us. The direct line telephone number for Insurance enquiries, claims and cancellations is: 0844 811 1220.

daj2390

Received our letter monday from MBNA upholding our ppi complaint and have received our cheque for £3700 today. Only 6 weeks from start to finish, thanks again to everyone as without this thread I would have gone through a company!!!

greeneyes1966

amersall wrote: »

With the wording in the contract that you signed, you have given permission for them to claim all accounts that were mis sold with that bank.
At least you now know that you do not need a claims co, especially if you hear of anyone wanting to put a claim in, you can show them how to do it for free.

Thanks Amersall:T, I doing a few on my own and have read loads of post now, copying and pasting all useful info and links. Will update with hopfully possitive success soon:)