PPI Reclaiming successes and failures

mancminx

Two things, I followed the template and procedure and got a refund for over 1700...was so very pleased with that. Thanks to this site.
2nd thing, if a loan is sold as 'all inclusive' I think that was the term, does that mean ppi is included and i dont have a possible claim?

mancminx

Here i go again..
How do i find out if i had ppi on a past mortgage? The mortgage i have now, is just set at baserate, i think that's what its called. It isnt fixed or tied in to anything, would i have a ppi on that?
Thanks

PJ1973

I recalled having PPI for what I thought was short period of time and cancelling it once I become aware.

The point of awareness came when I refinanced a loan to reduce the payment (was buying a house at the time – this was circa 5years ago).

Lloyds initially rejected my complaint saying no PPI was on my loans. I told them tolook at the original loans, which they did (I’d assumed they would have do thisautomatically). A couple of days a go I get a letter with at offer of £7,900:eek:.

The compensation includes payment for the original mis-selling of the PPI, but they have also compensated me for the increased cost of my refinanced loan (even though this had no PPI – I had been paying over the odds).

I’m happy, and also shocked. Just goes to show how much money they were making out of this scam.

I moved my day to day banking to First Direct a couple of years ago (‘love’ them). Once I’ve received the PPI payment . . . I think I’ll close the Lloyds a/c :mad:.

PJ

Cocolal

Tesco PPI success

Hi everyone

3 weeks ago we received a letter from Tesco advising us that an old loan had PPI on it & they stated they had identified a flaw in their systems between 2005-2007

We rang and said we had no Idea about the PPI

Today a letter arrived offering us £900.77p to settle the case

Very quick, very helpful and kept us up to date

Good luck everyone - from letter to offer = 3 weeks

djtonyb

Alliance and Leicester success here

Car Loan from 2004. Filled in form 2 weeks ago, got letter on Saturday stating 8 week window of decision. Offer received yesterday £2k for fees and £1k interest.

rockandroll2012

Bargaingeek wrote: »

Can anyone tell me if there is anything I can do to make a futher claim after I have signed a "full and final" offer and cashed the cheque. The loan had been for £10K + P.P.I. and was taken over 7 years with Blackhorse and I was so excited when I got the offer of £2580 I accepted the offer before they changed thier minds ! When looking into the paperwork further I now realise I should have received around £6,500. Is there anything I can do to make them re-open my claim.

How did you work it out? Is there a formula ?

skemp1

I have just submitted a claim for both of these and will confirm if successful.

Should give a good idea of timescales for anyone else looking to claim as I will update when/if successful.

countoftuscany

offer letter today from RBS on old credit card Oct 2001 to Jan 2010.Questionnaire sent 9.11.12 acknowledged on 19.11.2012.Listed all PPI charges during the period as I had found the file with all the statements.
Offer is goodwill gesture!
PPI Paid 685
compound interest on payments £518
refund of overlimit fees £105
Gross interest @ FOS rate £550
Less Tax @ 20% £110
OFFER £1748 :j Signed copied and in the post this
afternoon!

Previous claim to HSBC my main banker for 25 yrs.
Gold credit card - PPI premiums £1870
Refund of interest charged 1871
Interest @ 8% to date £341
Offer paid £4082

Personal loan £4750 commenced July 2000 .PPI front loaded including interest £1359
Interest @ 8% £1047 Offer paid £2406

Questionnare sent to HSBC 6.6.12 Offer letter 18.6.12
Monies in account 6.7.12

Currently awaiting claim against Picture loans (in default) lodged with FSCS on 17.11.12

I was fortunate that I was able to still have copies of loan agreement and all statements filed away.Also lots of reading advice and others experiences here at MSE.
My personal advice, COMPLETE the FOS questionnare fully!

HSBC £6486
RBS £1748

[Deleted User]

rockandroll2012 wrote: »

How did you work it out? Is there a formula ?

Full redress is a full refund of all PPI paid plus 8% simple interest.

countoftuscany

Tupelo12 wrote: »

Can any one let me know the turn around for Hsbc and there sucsesses on loan ppi. Sent mine off and recd acknowledgement on 01 nov ??

Hi Tupelo
HSBC were pretty quick dealing with my complaint {see earlier post this evening}
That could be because the paperwork was complete or I,m
one of their favourite customers........ on second thoughts.
Try giving them a call.I presume you sent paperwork to the Coventry address?
Good luck.