PPI Reclaiming successes and failures

onetank

Every time I came to this site Martin was insisting that we all claimed back ppi, Eventually I could stand it no longer, so I rang LLoydstsb Expecting to be stonewalled, but no. I was put through to someone who gave me all the info i needed. 4 weeks later and hayho £16,000 better off. A BIG thank you to Martin and the team. You are def on my Christmas card list

shirleyc

Finally received hubbies 5 offer letters this morning from the Natwest.

Reclaimed 5 seperate PPI all part of a chain of loans and have been offered £5600 refund. Some slight confusion as to why they offered a refund on the last loan which had no PPI on it, and no offer on the first loan which was listed on the claim letter but will address these in the covering letter we send back with the acceptance forms.

Have to reiterate that hubby does NOT want this money paid into his current outstanding loan with the bank as he did not take out PPI and so was all on paid loans.

They received the original letter from me on the 11th April but due to a change of address sent it back to us, delayed the process by a good 2 weeks so overall has so far taken about 11 weeks now lets hope it doesn't take to long to receive the cheques and hope they do send the money to hubby!

Outstanding Barclaycard PPI still in process not holding out much hope having read about the amount of people being refused at the moment! Received a letter from them saying will be longer than the 8 weeks and we can go to FOS but decided against this might as well wait for Barclaycard.

Overall so far between us have had over £9000 reclaimed and close friends and family whom I have helped have had over £25000.

Thanks for everyone who keeps this forum running your all doing a great job!! :beer::beer:

Jonny2012

I took a loan out with Sainsburys 6 or so years a go when i was self employed and have just reclaimed back £3500 from them for my PPI.

Thank you MSE for all your help and advice

Bettycustard060

onetank wrote: »

Every time I came to this site Martin was insisting that we all claimed back ppi, Eventually I could stand it no longer, so I rang LLoydstsb Expecting to be stonewalled, but no. I was put through to someone who gave me all the info i needed. 4 weeks later and hayho £16,000 better off. A BIG thank you to Martin and the team. You are def on my Christmas card list

Congratulations on your success! Can I ask what your grounds for claiming were?

memmamia

Hi, I was wondering if anyone could give advice - sorry first time i have done this!

I applied for a 7.500 secured pound loan from welcome finance in 2002. i sold my flat in 2005 and welcome were paid off after payin 3000 ponuds repayments and 12.000 from flat, or so i thought till they showed up sayin i still owed 5.000 interest a few months later!!!!!!!!! i went to C.A.B and was advised to give them nothing as if it went to court it would be thrown out. I have just applied for PPI and had a reply within2 weeks saying that i am entitled to 4,687.38 but this is being set off and i still owe 8,904.15, how is this possible when i basically paid back 15.000 i got nothing from sale off flat they took everythin, i am now a single mum off 2 young girls and was wondering if anyone would know how to fight this, one friend has told me that there is no way that they can keep it as even if there was any debt it was paid off over 6 years ago so there is no debt to pay, is this correct?

any advice would be gratefully appreciated!!
thanx
m

angel_ayil

• What were you reclaiming: ppi
• Who was the provider: Lloyds tsb
• How much did you get back: £1551
• Did you get it back after a letter or did you go to the Financial Ombudsman: i used the phone no you supplied
• And then write your brief reclaim tale
• hi i put my claim in on april 21 i went in to my local branch and used there phone cos i said why should i have to pay the bill for some thing i should not have had in the first place. i did not have any ACC NO so they put me through to the department that would an i found out i had 2 ppi's not the one i thought i had i recived a letter 1 week later to confirm they were looking in to my claim i received another letter in the first week of june to say i was getting £1550 but it might take up to 8 weeks for the payment to come through checked my bank a week later an the money was already there happy days
  THANK YOU SO MUCH MSE I WOULD NOT HAVE DONE WITH OUT YOU. but just want to say i did not have to write any letters just the phone call was enough for me

amersall

Rang MBNA today to see how my claim for PPI on my credit card is going and they said there was a letter sent out yesterday refusing claim

Write back and reject the reasons they are not upholding, show that you had no need of this PPI and could have paid the card back should the worst happen.
If this was a final response then send it to FOS.

amersall

hannhol wrote: »

hi there - i have been made an offer by HSBC on PPI mis sold on a Graduate Loan. thanks to all for the help on this site

What's the best way to check that the offer they have made is correct? I just want to make sure, having come this far, that it is what I should be paid.

I have been offered £1461.49 (ppi repayment) £891.51 interest = £2353.00. The PPI was front loaded on a loan taken out in July 2002, and paid off in full in October 2007. Am I correct in thinking it is 8% from the beginning of the life of the loan?

Looks like they have given you the PPI and the interest, this is what they should give you.

The 8% is on a decreasing scale for each monthly payment of PPI that you made to the date they pay you back, the nearer you get to to the payout date, the less the 8% is.

amersall

memmamia wrote: »

Hi, I was wondering if anyone could give advice - sorry first time i have done this!

I applied for a 7.500 secured pound loan from welcome finance in 2002. i sold my flat in 2005 and welcome were paid off after payin 3000 ponuds repayments and 12.000 from flat, or so i thought till they showed up sayin i still owed 5.000 interest a few months later!!!!!!!!! i went to C.A.B and was advised to give them nothing as if it went to court it would be thrown out. I have just applied for PPI and had a reply within2 weeks saying that i am entitled to 4,687.38 but this is being set off and i still owe 8,904.15, how is this possible when i basically paid back 15.000 i got nothing from sale off flat they took everythin, i am now a single mum off 2 young girls and was wondering if anyone would know how to fight this, one friend has told me that there is no way that they can keep it as even if there was any debt it was paid off over 6 years ago so there is no debt to pay, is this correct?

any advice would be gratefully appreciated!!
thanx
m

You need the details of the debt paid off, the final statement and the balance showing the total debt was paid off.
Contact Welcome and ask for the full breakdown of the account as you dispute the balance they say you owe after the ppi, you are the second poster that has posted with this query, CAB should not have told you to not pay the debt as the interest on any balance will keep going on the loan and this is why you owe the amount you do, they gave you the wrong advice and this is why you owe the amount that you do.

Get all the details that you can regarding this debt and then put a complaint into Welcome and ask them to look at the balance you should owe, if they do not comply then take this to FOS.

amersall

wazza128 wrote: »

Hi all ,

Claimed about three months ago and Natwest have payed me the sum off £14000:T straight into my account from a list of consildated loans... whoop whoop :j:j:j:j

Special thanks to all the guys on here who helped especially Amersall you are a legend :D:D:D:D

Good luck reclaiming all...

:T:T:T:T:T:T Brill :beer:
Glad to have helped x.