PPI Reclaiming successes and failures

di3004

EllBee wrote: »

At last payment of ₤2,775.60 has been paid into my account today! I returned the acceptance form on the 23rd March. I'm still waiting for ₤274.56 for another loan PPI to be paid in. The acceptance form for this one was returned on the 13th March so hopefully should also be paid very soon. I'm one happy Easter bunny!!!! :j :beer:

However, I'm STILL awaiting a proper response from the FOS regarding my claim against Loans.co.uk which has now been with them coming up to 15 months. Have written, emailed and left telephone messages (received just one call back weeks ago and an 11 word letter acknowledging safe receipt of my letter!!! :mad:). They're either all dropping dead from exhaustion or see my name and go into hiding!!! Getting just a little fed up with this one now. :eek:

Yes at last.........:T:T, well done and Many congratulations.
:beer::T:beer:.

Hope you hear soon of the other as well hun, you've waited long enough.
Hope your well and your lovely family.:A;)XX

bumpy167

Lender: Northern Rock
Amount: c£500
Method: 1 letter followed by questionnaire.
Time: c1 month

I was sold a loan by Northern Rock 3 years ago. When taking out the loan over the telephone I was told that, due to the size of the loan (c£20k), I needed PPI in order to be granted the credit and the promotional rate. I told the salesperson on the telephone that I did not want it and did not consider it neccesary. They insisted that I needed it and at no time did they tell me that it was possible to get PPI independantly. In the end I reluctantly agreed to take the lowest possible cover which was their "bronze" product, covering my repayments in the event of my death. This cost c£500. Having heard Martin on the radio I visited this site and, using his standard template letter, wrote to Northern Rock. I changed little of the template and included as my reason the statement that I was made to believe that I would not get the associated credit if I did not take out the PPI. I received a reply after c2 weeks with a questionnaire asking for details of the loan, the PPI, the amounts involved and also my reason for beleiving that I had been mis-sold. I returned this and another 2 weeks later I received a letter from Northern Rock stating that, although they have signed documents from me and nothing to indicate that I had been mis-sold, as a gesture of goodwill they will be refunding the premiums paid + 8% interest. I have sent back a reponse to say that I agree and once they receive this they will create a new loan agreement which will be at the same rate and for the same term as the original agreement, the only difference will be the absence of the PPI.

I am delighted and would like to say thanks to all who have posted here as you spurred me into action!

maxdp

bumpy167 wrote: »

Lender: Northern Rock
Amount: c£500
Method: 1 letter followed by questionnaire.
Time: c1 month

I was sold a loan by Northern Rock 3 years ago. When taking out the loan over the telephone I was told that, due to the size of the loan (c£20k), I needed PPI in order to be granted the credit and the promotional rate. I told the salesperson on the telephone that I did not want it and did not consider it neccesary. They insisted that I needed it and at no time did they tell me that it was possible to get PPI independantly. In the end I reluctantly agreed to take the lowest possible cover which was their "bronze" product, covering my repayments in the event of my death. This cost c£500. Having heard Martin on the radio I visited this site and, using his standard template letter, wrote to Northern Rock. I changed little of the template and included as my reason the statement that I was made to believe that I would not get the associated credit if I did not take out the PPI. I received a reply after c2 weeks with a questionnaire asking for details of the loan, the PPI, the amounts involved and also my reason for beleiving that I had been mis-sold. I returned this and another 2 weeks later I received a letter from Northern Rock stating that, although they have signed documents from me and nothing to indicate that I had been mis-sold, as a gesture of goodwill they will be refunding the premiums paid + 8% interest. I have sent back a reponse to say that I agree and once they receive this they will create a new loan agreement which will be at the same rate and for the same term as the original agreement, the only difference will be the absence of the PPI.

I am delighted and would like to say thanks to all who have posted here as you spurred me into action!

Well done to you:T
Just make sure when they send settlement figures to you that you get PPI plus Interest plus 8%. Just be a bit wary of goodwill gestures.

amersall

surfer2009 wrote: »

Hi, I've posted in another forum, and was suggested to try this forum, to see if anyone can give me some advice...


I really dont know what to do next, since 2007 we have been battling with Loans.co.uk to get £4000 ppi back and so far unsuccessfully.
The situation in short is, we took out a loan in 2003, explaining that we wanted to be able to pay off in full within a year and not be penalised. we paid in full 9 months later, and had to pay £4k more on top of what we borrowed, i disputed at the time the fact that ppi was never discussed with us and we would of declined it had we been given a choice. and basically hit a brick wall.
Then in 2007 we heard we could have a good case with companies mis selling ppi. we went back to loans but received the same response we had back when we initially disputed the ppi... so we contacted the financial ombudsmen back in oct 2007, as they have been in undated it took quite a while for them to review our case.. Finally last year we had the good news that the adjudicator agreed with us and that loans should pay us back the ppi plus any interest occured... however loans have the right to dispute the decision and did so... our case then went back into a queue for it to be re evaluted by a 2nd adjudicator. we have just had a letter back stating that the 2nd adjudicator says that as the loan was taken out in 2003 ad it wasn't regulated we do not have a case..... Can I go anywhere from here? it seems so unfair... Ive been looking at success stories and some of them are from 2003. I have found on the internet that loans.co.uk were fined £455,000 in 2006 for mis selling ppi's... we were so blatantly mis sold, and I just feel helpless, please can you let me know if there is anything that can be done.

Appreciate any advice

Many thanks

you will get excellent advice from the people on here, you stick with this and dont let it drop, good luck

amersall

bumpy167 wrote: »

Lender: Northern Rock
Amount: c£500
Method: 1 letter followed by questionnaire.
Time: c1 month

I was sold a loan by Northern Rock 3 years ago. When taking out the loan over the telephone I was told that, due to the size of the loan (c£20k), I needed PPI in order to be granted the credit and the promotional rate. I told the salesperson on the telephone that I did not want it and did not consider it neccesary. They insisted that I needed it and at no time did they tell me that it was possible to get PPI independantly. In the end I reluctantly agreed to take the lowest possible cover which was their "bronze" product, covering my repayments in the event of my death. This cost c£500. Having heard Martin on the radio I visited this site and, using his standard template letter, wrote to Northern Rock. I changed little of the template and included as my reason the statement that I was made to believe that I would not get the associated credit if I did not take out the PPI. I received a reply after c2 weeks with a questionnaire asking for details of the loan, the PPI, the amounts involved and also my reason for beleiving that I had been mis-sold. I returned this and another 2 weeks later I received a letter from Northern Rock stating that, although they have signed documents from me and nothing to indicate that I had been mis-sold, as a gesture of goodwill they will be refunding the premiums paid + 8% interest. I have sent back a reponse to say that I agree and once they receive this they will create a new loan agreement which will be at the same rate and for the same term as the original agreement, the only difference will be the absence of the PPI.

I am delighted and would like to say thanks to all who have posted here as you spurred me into action!

:j:j:jwell done, enjoy:j:j:j

amersall

EllBee wrote: »

At last payment of ₤2,775.60 has been paid into my account today! I returned the acceptance form on the 23rd March. I'm still waiting for ₤274.56 for another loan PPI to be paid in. The acceptance form for this one was returned on the 13th March so hopefully should also be paid very soon. I'm one happy Easter bunny!!!! :j :beer:

However, I'm STILL awaiting a proper response from the FOS regarding my claim against Loans.co.uk which has now been with them coming up to 15 months. Have written, emailed and left telephone messages (received just one call back weeks ago and an 11 word letter acknowledging safe receipt of my letter!!! :mad:). They're either all dropping dead from exhaustion or see my name and go into hiding!!! Getting just a little fed up with this one now. :eek:

:j:j:j:jthats brill chuffed to bits for you:j:j:j:j

amersall

birjinnia wrote: »

First i would like to say thanks to all the people that left their stories on this website. They made me claim my partner's money back.

Will try to sorten the story. My partner had a loan with RBS and we decided to pay it off to tidy up our finances. Only to find out that he had a PPI.....I was so angry....turn to this website to find some help and i did. I write the letter to the branch manager, then they pass mewith the customer relations team then with the PPI team, i write all the letters(using template), fill out questionares, etc for them to say that i was unsuccesful. Went to the Ombusman F Serv and they agreed we were right. My partner is ever so happy with his money back!!!
Just keep trying until you run out of options....its worth it!!!:D

it is defo worth it well done! :j:j:j:money::j:j:j

amersall

di3004 wrote: »

Fantastic quick work Timejack :T:j.
Congratulations and well done to you.:beer::T:beer:X

ANOTHER ONE BITES THE DUST!!!:j:j:j:j:j:j:D:D:D:D:D:D:D

maxdp

amersall wrote: »

ANOTHER ONE BITES THE DUST!!!:j:j:j:j:j:j:D:D:D:D:D:D:D

Tee Hee Amersall have you seen your signature it is 3some. :rotfl:

McCanners

McCanners wrote: »

I said i would keep you informed well they were true to their word i did get a reply on the 12th March and they are still looking into my investigation and will be contacting me again by 12th April (Yes another month). I will see what they say then but if i get the same reply my claws are going to be out and the Ombudsman letter will be on its way.

Again i will keep you informed.

I have again received a letter from Barclays and they are still not yet in a position to provide me with a full response and i have to wait another month. so yet another month of money still being paid out. :mad:

Has anyone else had trouble with Barclays? I think they are hoping you will give up and go away.

Going to be sending my FOS letter now.

I will keep you informed yet again