PPI Reclaiming successes and failures

[Deleted User]

carlyberyl wrote: »

Thats fine, were just not sure if the amount they have quoted is right or wrong

Get a calculator and total the statement figures!

Pink1808

carlyberyl wrote: »

Thats fine, were just not sure if the amount they have quoted is right or wrong

Hi if you go to

http://www.consumeractiongroup.co.uk

There is some very nice people on there who will tell you have to work it out using a spreadsheet

[Deleted User]

Pink1808 wrote: »

There is some very nice people on there who will tell you have to work it out using a spreadsheet

Or just use a calculator!;)

Pink1808

Moneyineptitude wrote: »

Or just use a calculator!;)

Do not think it is that easy with credit cards / store cards because of the month interest and so on.:D

[Deleted User]

Pink1808 wrote: »

Do not think it is that easy with credit cards / store cards because of the month interest and so on.:D

It is possible to total that list and then apply 8% simple interest.

(By the way, the figures look totally accurate to me!:p)

RagTrade

Well, went for a Personal Review at Lloyds TSB a couple of weeks ago and the advisor at the bank TOLD me to claim for PPI!

So letter filed and acknowledged for five loans and a credit card since 2001.

They said 8 weeks for a response.

Fingers crossed! I have read very conflicting reports on Lloyds!

This site is an inspiration.

carlyberyl

Moneyineptitude wrote: »

It is possible to total that list and then apply 8% simple interest.

(By the way, the figures look totally accurate to me!:p)

hi sorry neither of us are good with maths, is it the total amount+8% x how many months its been going on?

BethanyD

carlyberyl wrote: »

hi sorry neither of us are good with maths, is it the total amount+8% x how many months its been going on?

It's 8% on each payment from the date it was paid

Pink1808

carlyberyl wrote: »

hi sorry neither of us are good with maths, is it the total amount+8% x how many months its been going on?

Have a read here and it will give you some idea
https://forums.moneysavingexpert.com/discussion/1596473

nikig1

What were you reclaiming: Loan
Who was the provider: Natwest
How much did you get back: £12991.65
Did you get it back after a letter or did you go to the Financial Ombudsman: initial chat in bank followed by a letter

We went to the bank to ask if we could have details of our loan for the purposes of making a complaint about the PPI. The person gave us the address t write to. did this, got account number back with letter asking us to write with our complaints. Wrote the letter, sent it off, had a letter back saying that PPI was now cancelled on the current loan. DH phoned to find out how far along they were with our claim, was told that 7 letters had been sent. Received them today, all with varying amounts being offered, totalling a staggering £12991.65 DH has now signed the acceptance forms and has sent them back.

This is just great news for us, so much so I am in tears writing this. We have been struggling for the last four years financially, but now we can pay off the remainder of the loan, clear our credit card and have a bit spare for Christmas. The best part is, after years of being smothered with loan and CC repayments we will now be debt free.

I would encourage everyone to NOT use claim companies, we did this just with the help and advice on here and we are so, so happy now.

A huge thank you to MSE x