PPI Reclaiming successes and failures

swimmer66

Hi all

Received a letter today dated 31st may saying it is 4 weeks since you contacted us and apologise for he delay but I worked it out and it's 8 weeks tomorrow since I first rang up.also says if they are unable to conclude there investigation they will contact me in 4 weeks time to update with there progress.

Shall I contact them or wait for a letter but as this letter is 20 days late not sure what to do ?

Thanks and good luck all .

[Deleted User]

swimmer66 wrote: »

Shall I contact them or wait for a letter but as this letter is 20 days late not sure what to do ?

Wait a while longer.

Floydyboy

Hi,
New here and wondered if anyone had a contact number for Egg whereby you can acually speak to someone. Every number I try and option I press ends up with a message and then cutting me off.
Thanks

moribundle

I have been lucky enough to have a £7000 settlement offer from First Direct which I will accept for 10 loans between the late 90's and 2005. However, £3,200 of this is the statutory interest at 8%. Does anyone know how the tax man is going to work out how much I owe them? I am just into the 40% tax range this year, but when I had the loans I was always in the lower tax bracket? Do they have records of this, or will I have to pay 40% of the £3200?

phattonii

My husband recently emailed Freemans regarding mis-sold PPI with their company - to cut a long story short we were on a debt management plan with cccs and paying them back £33 a month, that was still £12 for PPI with Freemans - following a quick email and an emailed PPI claim form to them we recieved a letter of an offer which we accepted, which was for £2650,we owed them £2350 so that was paid off and we recieved a cheque for the remaining money less than a week later :T, this has now given us hope and we sent out a further 7 forms two weeks ago (heard nothing yet):(
So there is hope out there!!

amersall

pbsmiles wrote: »

Hello and well done.... I am awaiting to find our how much I have had upheld. Can you let me know how much your oriignal loan was for and ppi element so I can get an idea........ if not no worries.

This depends if the loan ran to term or was finished early.
If the loan is still running you get the whole PPI taken off the loan balance, this reduces the monthly payment by the PPI monthly amount, you get the PPI with the interest back that you have paid to date and the 8%.

If you settled the loan early, you get the whole PPI back, less the rebate of PPI they gave you for settlement, the PPI back that you paid off in the settlement figure after the rebate and the PPI that you paid to to settlement with interest and the 8%.

[Deleted User]

moribundle wrote: »

Does anyone know how the tax man is going to work out how much I owe them?

There are far too many personal variables to give you an informed answer on this, especially on a public forum.
Get in touch with your tax office.

bevnich82

Hi guys

I sent a SAR request off to santander enclosing a £10 cheque in middle of May regarding an Alliance and Leicester loan which finished in 2004.
The letter was "lost" by royal mail so 3 weeks later i sent a duplicate letter with another £10 cheque. This letter was delivered and 1 week later i received a letter back from santander returning my cheque and saying as this was over 6 years ago they do not hold any info on me anymore. I thought ok and just put it down as a dead loss as i was at the end of the road with it.
Anyway, checked my bank account today and the first cheque which i sent with the "lost" letter has been cashed by santander, as royal mail have obviously found it, and as i never cancelled it they have been able to cash it. So, does this mean that they do actually have some info to send?? and if they do this is completely unacceptable as if this "lost" letter had never arrived then i would never have known!
So im now waiting to see if anything arrives in the post in relation to this. A bit dodgy i think!

G4S21

I wonder if anyone could help. I had a number of loans with natwest dating from approx 1997 to 2005. During that time I was borrowing additional amounts in between where a new loan was set up each time to pay of the previous one and start a new one. The loan in the end was up to approx £26,000. In 2005 I was struggling with the repayements and ended up missing one or two payements. I asked them for a settlement figure and paid it off by re morgaging. On my credit report it shown the acount as defaulted/partial settlement.
Do you think the remaining PPI would of been taken out of the settlement figure and would I only be able to claim back the PPI I have paid. Could they end up taking some back from me? Sorry for the long post.

wifeneedsthings

Hi Everyone,

I just had to let everyone know that today,I received an Offer from Bank of Scotland,for a loan my husband and I took out back in 1998.
Because it was an old loan and Capital Bank plc no longer trade,I did notice that Bank of Scotland owned it.
It was a loan of only £7000 but it had a front loaded PPI of £2569.54.
The loan was over a 7 year term and we did settle early in November 2002.
Luckily we got the mandate details from Santander which gave the payment reference ...bingo!

Don't get me wrong ,I have been on the phone many times to customer services who tell you the normal "You will be getting a letter" but as yet nothing .
8 weeks was up this Monday just gone.Again ,I rang and got the same reply.So ,I emailed Bank of Scotland to complain,the email address is on their website.I pointed out that I was disappointed that they failed and that I would email their CEO and report them to the FOS.I asked that they forward the email onto the Redress Dept.
Well..it must of worked because today I received an offer ,Letter dated 18th June 2012.
Wait for it..wait for it...
£10,244.25 :rotfl:
Calculations

Refund of Premiums = £2569.54
Refund of Interest = £949.97
Early Settlement difference = £556.01
Interest at 8% calculated up until 12th July 2012 = £5264.65
Other indirect losses (fees incurred on loan) = £904.08

Total = £10244.25

I can't tell you how amazing I feel, I even shed a tear.
Anyone who is going through this, be strong.I won on a loan from 1998, from a bank who no longer trades.But they were owned by Bank of Scotland.
Go for it...what have you got to lose,apart from the cost of a first class stamp.
I would read through these forums and they gave me strength to carry on and kept me going,and not give up.
Thank you everyone :beer: