PPI Reclaiming successes and failures

maggy50

mozzamay wrote: »

Hi All,

I just wanted to post a message of thanks. I was down to my last £100 when yesterday & today I received 10 cheques in the post from Halifax totalling £9832.16 for being mis-sold PPI on 8 loans & 3 Credit cards over the past 15 years. (another cheque for £420 is on it's way):j

I've had 2 rejections from Egg Card & Mint which I will take to the FOS & I'm still waiting to hear back from Cahoot & Virgin Money.

I wasn't going to put a claim in as I thought I wouldn't be entitled to anything & I also thought it would be a lot harder but it is well worth a 5-10 minute phone call & it's hassle free

Well done :beer: and don't be put of sending to the FOS the wait may well be worth it

Haylassy

What were you reclaiming: Graduate Loan
Who was the provider: HSBC
How much did you get back: £1200
Did you get it back after a letter or did you go to the Financial Ombudsman: The standard letter
And then write your brief reclaim tale:

I took out a 5k graduate loan in 2000 in branch. The usual tough selling that you needed PPI to progress, they did not ask about pre existing medical conditions (I have one). Anyway, HSBC have sent offer letter today (8 weeks later) that repays my PPI payments (lumped into the loan) plus interest (minus tax - which I will claim back with tax return as I am stay at home mum at the moment).

Happy days.

Now my Debenhams store card to sort (with Genworth as of yesterday - as Santander declined) Hubbie has a 3 items of PPI complaints with HSBC too. So we'll see how all those go too.

So happy we bothered to look into our files (we have documents and statements back 20 years).

Urge anyone who thinks they have a claim to try it - only costs the postage.

Haylassy

What were you reclaiming: Graduate Loan
Who was the provider: HSBC
How much did you get back: £1200
Did you get it back after a letter or did you go to the Financial Ombudsman: The standard letter
And then write your brief reclaim tale:

I took out a 5k graduate loan in 2000 in branch. The usual tough selling that you needed PPI to progress, they did not ask about pre existing medical conditions (I have one). Anyway, HSBC have sent offer letter today (8 weeks later) that repays my PPI payments (lumped into the loan) plus interest (minus tax - which I will claim back with tax return as I am stay at home mum at the moment).

Happy days.:j

Now my Debenhams store card to sort (with Genworth as of yesterday - as Santander declined) Hubbie has a 3 items of PPI complaints with HSBC too. So we'll see how all those go too.

So happy we bothered to look into our files (we have documents and statements back 20 years).

Urge anyone who thinks they have a claim to try it - only costs the postage.

[Deleted User]

Haylassy wrote: »

, HSBC have sent offer letter today (8 weeks later) that repays my PPI payments (lumped into the loan) plus interest (minus tax - which I will claim back with tax return as I am stay at home mum at the moment).

Since HSBC don't pay the tax on your behalf then the amount you receive will be the whole sum without tax deducted. If you are a non-taxpayer there will be nothing to claim back nor pay.

Haylassy

My letter has the amount offered, the interest due, and then HSBC say they will deduct the basic rate of tax on that interest. It's written in the letter clearly and also shown on the sums on a separate sheet.
They say " We are unable to pay this interest without the deduction of tax". It does go on about FormR85 or R105 for no tax payers. But clearly says they will tax me prior to the redress being paid.

ohtobefreeofdebt

What were you reclaiming: Loan
Who was the provider: AA finance/ BOS
How much did you get back: £1938
Did you get it back after a letter or did you go to the Financial Ombudsman: Form from MSE
And then write your brief reclaim tale:

My second AA claim and delighted to find the claim upheld. This claim is based on the fact ppi was not an option and just included in the overall repayment. I received a phone call at 4 weeks to check employment details and after 7 weeks and have just received a letter to say the claim has been upheld. Should get a cheque within 28 days.
Also last week after having m&s cc initial claim rejected I wrote back explaining did not agree and received a goodwill gesture of £100 which I will accept. Always worth questioning and glad I did.

[Deleted User]

Haylassy wrote: »

HSBC say they will deduct the basic rate of tax on that interest.

Well, that's a new development- in my experience this Bank is one of those which don't deduct tax prior to payout.

Haylassy

Moneyineptitude wrote: »

Well, that's a new development- in my experience this Bank is one of those which don't deduct tax prior to payout.

Oh, typical of me to get a new development... wonder if it has become standard of this bank. If so, we have 3 more claims with them. But hubbie is a tax payer so I guess it will save us having to work it all out > unless he goes into the high band which is possible if the all pay out (guessing that's unlikely).

sweetypi

hi there

i have finally got a reply from rbs , they have made an offer of £3084 for a two loans total £47000,00 this was paid with in a year .... they are my partners loans he took out about 7 years ago , i filled out the forms as per the website , my question is is this amount right i have been looking on the website and people with lesser amounts seem to get more back , i have also gone on some calulators and the amounts are about £10000,00 round about there .... do we accept the offer ?? if not how do we go about getting more back , i would be happy with £6k if that is the case .....

do i go to one of these ppi companies , i am not sure now please help

Insider101

kitegirl wrote: »

I'm pretty sure they can't reject a ruling by their regulator, have you spoken to the ombudsman?

FOS is not a regulator (that is the FCA) it is an independent dispute resolution service.

If an adjudicator upholds a complaint but either side do not accept the decision, they can ask for it to be looked at by an ombudsman who will have the final say.