PPI Reclaiming successes and failures

stenat2332

successful ppi reclaim against Bank Of Scotland 07/04/2009
I have today received a cheque for nearly £6000.00p from Bank of Scotland and will receive another cheque shortly for the 8% that a court would award on top of this in the near future.
I took a loan out with Capital Bank in 1998 which was for £11000.00p and the ppi was just over £4000 over the 5 year term.
After visiting Martins website at the beginning of Jan09, and reading about the successes other people had, i decided to look through my old loans and see if ppi had been added to them, because as an ex member of the armed forces, i had taken loans out in the past, but never asked for payment protection insurance as my wage was guaranteed. To my horror i found that ppi was added at the beginning of this loan, just over £4000 in total and this was added to the loan amount of £11000 then interest was calculated on top of this amount.
I wrote one letter to Bank of Scotland, in Jan09, using the ppi reclaim template letter from this website, but altering it to suit my particular circumstances, and got a letter back 8 weeks later saying that based on what i had said in my letter, they would agree to put me back in a position i would have been in had i not taken the ppi, that this was not an acceptance of liability in any way, but as i am a good customer they will pay me out.
I waited approximately 4 more weeks and my cheque arrived this morning with one more on the way. I am so glad i checked out this website, and would like to say a big thanks to Martin Lewis!!!
:j:T:beer:

di3004

stenat2332 wrote: »

successful ppi reclaim against Bank Of Scotland 07/04/2009
I have today received a cheque for nearly £6000.00p from Bank of Scotland and will receive another cheque shortly for the 8% that a court would award on top of this in the near future.
I took a loan out with Capital Bank in 1998 which was for £11000.00p and the ppi was just over £4000 over the 5 year term.
After visiting Martins website at the beginning of Jan09, and reading about the successes other people had, i decided to look through my old loans and see if ppi had been added to them, because as an ex member of the armed forces, i had taken loans out in the past, but never asked for payment protection insurance as my wage was guaranteed. To my horror i found that ppi was added at the beginning of this loan, just over £4000 in total and this was added to the loan amount of £11000 then interest was calculated on top of this amount.
I wrote one letter to Bank of Scotland, in Jan09, using the ppi reclaim template letter from this website, but altering it to suit my particular circumstances, and got a letter back 8 weeks later saying that based on what i had said in my letter, they would agree to put me back in a position i would have been in had i not taken the ppi, that this was not an acceptance of liability in any way, but as i am a good customer they will pay me out.
I waited approximately 4 more weeks and my cheque arrived this morning with one more on the way. I am so glad i checked out this website, and would like to say a big thanks to Martin Lewis!!!
:j:T:beer:

Brilliant, well done to you, Congratulations, this is wonderful.:T
:beer::T:beer:
What a lovely surprise for you !:TX

maxdp

stenat2332 wrote: »

successful ppi reclaim against Bank Of Scotland 07/04/2009
I have today received a cheque for nearly £6000.00p from Bank of Scotland and will receive another cheque shortly for the 8% that a court would award on top of this in the near future.
I took a loan out with Capital Bank in 1998 which was for £11000.00p and the ppi was just over £4000 over the 5 year term.
After visiting Martins website at the beginning of Jan09, and reading about the successes other people had, i decided to look through my old loans and see if ppi had been added to them, because as an ex member of the armed forces, i had taken loans out in the past, but never asked for payment protection insurance as my wage was guaranteed. To my horror i found that ppi was added at the beginning of this loan, just over £4000 in total and this was added to the loan amount of £11000 then interest was calculated on top of this amount.
I wrote one letter to Bank of Scotland, in Jan09, using the ppi reclaim template letter from this website, but altering it to suit my particular circumstances, and got a letter back 8 weeks later saying that based on what i had said in my letter, they would agree to put me back in a position i would have been in had i not taken the ppi, that this was not an acceptance of liability in any way, but as i am a good customer they will pay me out.
I waited approximately 4 more weeks and my cheque arrived this morning with one more on the way. I am so glad i checked out this website, and would like to say a big thanks to Martin Lewis!!!
:j:T:beer:

Oh well done to you. What a lovely surprise. Big Easter eggs for you then.:T:T:beer::beer::j:j

showergirl

stenat2332 wrote: »

successful ppi reclaim against Bank Of Scotland 07/04/2009
I have today received a cheque for nearly £6000.00p from Bank of Scotland and will receive another cheque shortly for the 8% that a court would award on top of this in the near future.
I took a loan out with Capital Bank in 1998 which was for £11000.00p and the ppi was just over £4000 over the 5 year term.
After visiting Martins website at the beginning of Jan09, and reading about the successes other people had, i decided to look through my old loans and see if ppi had been added to them, because as an ex member of the armed forces, i had taken loans out in the past, but never asked for payment protection insurance as my wage was guaranteed. To my horror i found that ppi was added at the beginning of this loan, just over £4000 in total and this was added to the loan amount of £11000 then interest was calculated on top of this amount.
I wrote one letter to Bank of Scotland, in Jan09, using the ppi reclaim template letter from this website, but altering it to suit my particular circumstances, and got a letter back 8 weeks later saying that based on what i had said in my letter, they would agree to put me back in a position i would have been in had i not taken the ppi, that this was not an acceptance of liability in any way, but as i am a good customer they will pay me out.
I waited approximately 4 more weeks and my cheque arrived this morning with one more on the way. I am so glad i checked out this website, and would like to say a big thanks to Martin Lewis!!!
:j:T:beer:

Well Done :j:beer:
Hope you have a wonderful Easter

escana

1. :jI took out a loan of £12000 with HFC in 2002. They sold me PPI but did not state how much this would cost anywhere on the agreement. After viewing this site I decided to try and claim back the PPI. It has taken over a year but I have finally received over £9000 including interest after the financial ombudsman became involved. I couldn't believe it even though I was told ppi from HFC was very expensive I never guessed I would receive such a large amount but I am going to have a holiday and enjoy a worry free christmas. I would urge everyone to try this, it's about time the banks got a taste of their own medicine. :j

maxdp

escana wrote: »

1. :jI took out a loan of £12000 with HFC in 2002. They sold me PPI but did not state how much this would cost anywhere on the agreement. After viewing this site I decided to try and claim back the PPI. It has taken over a year but I have finally received over £9000 including interest after the financial ombudsman became involved. I couldn't believe it even though I was told ppi from HFC was very expensive I never guessed I would receive such a large amount but I am going to have a holiday and enjoy a worry free christmas. I would urge everyone to try this, it's about time the banks got a taste of their own medicine. :j

Hi escana

I am really pleased for you well done.:j:j:j

di3004

escana wrote: »

1. :jI took out a loan of £12000 with HFC in 2002. They sold me PPI but did not state how much this would cost anywhere on the agreement. After viewing this site I decided to try and claim back the PPI. It has taken over a year but I have finally received over £9000 including interest after the financial ombudsman became involved. I couldn't believe it even though I was told ppi from HFC was very expensive I never guessed I would receive such a large amount but I am going to have a holiday and enjoy a worry free christmas. I would urge everyone to try this, it's about time the banks got a taste of their own medicine. :j

Wow what a lovely amount to win, Congratulations and Well done !
:beer::T:beer:X

ctnboi

I am at such a loss now.
Burtons say that because my policy began in October 2003 that I cannot claim back anything because this was before the 2005 FSA fine.
Has anyone else encountered this?
If so, what did you do?
I don't want to back down but i feel i may have to.:mad:

di3004

ctnboi wrote: »

I am at such a loss now.
Burtons say that because my policy began in October 2003 that I cannot claim back anything because this was before the 2005 FSA fine.
Has anyone else encountered this?
If so, what did you do?
I don't want to back down but i feel i may have to.:mad:

Hi there

Just because they were not fined at the time you taken out the policy that should make no difference, if you have a reason for why you think you were mis sold then I would write and try to reclaim, they are fobbing you off by the looks of it.

I don't think they were covered by any regulator then, such as GISC before FSA taken over in Jan 2005, but if you have not sent a reclaim letter yet, go for it and give it your best shot.;)

escana

thanks, i'm still trying to take it in!!!!:beer: