PPI Reclaiming successes and failures

[Deleted User]

Sheenagh007 wrote: »

I have a copy of every statement and the total ppi comes to £1600. They have broken it down like this:
Difference between the actual and revised balance =£2978.11
Interest at 8% = £974.71
Total. =£3952.82

Looks fine to me, why are you querying if you've already had a breakdown?

Sheenagh007

I am querying it because they haven't illustrated how they have come up with the figure of £2978.11

[Deleted User]

Sheenagh007 wrote: »

I am querying it because they haven't illustrated how they have come up with the figure of £2978.11

The "revised balance" will be the actual amount of PPI paid plus attendant interest.

Happy_chick_2

Ladyinwaiting wrote: »

Made a complaint against Mbna. Letter through today upholding complaint. As card is closed, £1500 odds to be refunded by cheque

Big thanks to all who gave advice especially taff and moneyinept for helpful advice

I am still waiting for an outcome from MBNA have sent it to the FO last Oct and not heard anything since, Your post gives me hope

-taff

The figure of 2978 reflects what you paid, plus the interest added as a result of the PPI

[Deleted User]

Moneyineptitude wrote: »

The "revised balance" will be the actual amount of PPI paid plus attendant interest.

-taff wrote: »

The figure of 2978 reflects what you paid, plus the interest added as a result of the PPI

Isn't that just another way of saying what I did?:p

-taff

I was being less obtuse and more obvious

savvykaz

A colleague at work advised me to get in touch with M&S money regarding PPI on any loans I may have had; took her advice and wrote about 8 weeks ago, they sent the forms to fill in and have today received a letter offering me £1,102 in full and final settlement on 3 loans I've had, yay :j

thaimeister

Hi,

Just thought I'd add my experience to this thread. After hearing so many successful PPI claim stories I thought I'd give it a go myself. Sent off a letter & form to Halifax around 5 weeks ago relating to PPI on a credit card. I received one phonecall from Halifax about 2 weeks after sending my letter. Anyway, yesterday I recieved an offer letter and they are sending me a cheque for £3289 including interest

Not too bad for the little effort it took to fill in a form and type a letter

kittsbud

magickid wrote: »

Got a letter back in March from HSBC saying that I may have been missold PPI on a loan for two reasons (and 2 reasons that this site doesn't actually mention):
- If I was taking out a loan to consolidate debts then they would not have recommended PPI had they known this (they didn't ask)
- If I had any intention of borrowing money in the future then they may have not recommended PPI had they known this (they didn't ask and I was 24 at the time, so likely that I would at some point borrow again on a mortgage)

I filled in their questionnaire and sent it off. I came home today to find the letter to say I would be offered a full and final settlement for £8,833!!!!! I can't believe it. I am honestly in shock. I had hoped I'd win but really didn't expect more than a few hundred quid back. I no longer have the paperwork (paid off the loan early nearly 4 years ago before I got a mortgage). I can't even remember how much I borrowed originally (that is shocking, but it was 11 years ago!)

I am over the moon. I never bothered to claim before as I didn't fit the criteria that this site suggests. This couldn't have come at a better time when we are really struggling with a young baby and having been on stat mat.

I am in exactly the same situation, but my 8 weeks are up this Friday, and the HSBC just rang and basically "grilled me" on why I thought I was misold. Did you get a call, or am I special lol? Is getting a call standard procedure in these cases?