PPI Reclaiming successes and failures

aerofly

After taking your advice on the website I’ve just been successful in getting £146 compensation for PPI on my old Lloyd’s credit card.:j

[Deleted User]

aerofly wrote: »

After taking your advice on the website I’ve just been successful in getting £146 compensation for PPI on my old Lloyd’s credit card.:j

Don't spend it all at once..

ruach54

Many many thanks to Martin and Resolver for help in reclaiming PPI from various companies. I applied to 9 different companies from August 2018 to August 2019 and was successful in 6. In total over £13,000 paid back which has been life changing. I kept telling all my friends to apply before the deadline. Thank you so much!

Jassers

Since starting the claims process I have now finalised the total received as £14540.00. 14 grand woohoo!!Has cleared all y debts and set me on clear path for the future without any financial worries. Literally changed my life as no more money worries. Thanks all to this site - would not have claimed without aseeing al the advice and blog stories. Happy retirement from now on.

Just need to fill in the R40 tax reclaim form and hope to get £200 back as ordinary rate taxpayer on pensions.

Tatlasis

Brilliant news. How long did the process take.

Sally3

May I also ask did you manage to retrieve statements from Barclaycard from the 1990's or did you have copies yourself?
My case is currently being considered. I challenged the amount refunded and supplied statements. I'm awaiting a decision. The PPI was from 1996-2004.
Not expecting further redress but, you never know!!

Sorry I didnt know there was a reply here. I only had an account number. They even linked that to another account I had no idea about and I got PPI for that one too. They are, so far, the only bank that have been on the ball quickly.

Sally3

topoftherock wrote: »

Hi commoditygirl, did you make a Subject Access Request for your statements or did you already have them? Kind regards

No I had no statements I only quoted an account number, they linked it to another and I got the PPI out of the blue for the two! :T

0netrack

Hi everyone,

I put in a PPI claim to Halifax for an old bank account, a credit card and one loan. I knew that when I set up the loan in about 2003 I had declined PPI (which seems to really upset them, they claimed I should have it and no-one turns it down!).

So I really wasn't expecting anything, meaning I was surprised when I opened a letter today offering me a payout. It's not a huge amount, just over £100, but what is confusing me is why they have given it me! I won't go into all the details, but this is a summary:

The letter mentions two Loans (I only remember 1 - the second appears to be refinancing the first which I have no recollection of). Under decision, for the first loan it says '30 Day Cancellation - No Premiums Paid or Premiums Refunded'. The second says 'No PPI'. Unfair relationship assessment is blank for both. And then next to the second loan, the 'Amount you'll receive' is just over £100.

Appendix A confirms both of these assessments in slightly more detail. So far, there is no reason for any payment!

Appendix B gives the full breakdown. The text at the top says as follows: 'My offer for [second loan ref] includes a refund for the extra amounts you paid when you refinanced your loan, plus additional compensatory interest. The outstanding balance on the loan you refinanced was higher because you had PPI. So, your next loan amount and the repayments for it were larger. As some of the cost of your PPI from your first loan was refinanced into your later loan, part of the amount you paid for PPI (including any commission and profit share) from an earlier loan appears in the figures for your later loan. This is detailed in the breakdown below.'

But how can this be true if I didn't have any PPI on the first loan?

The most relevant bits in the calculation tables appear to be as follows (figures rounded):

'The cost of the single premium PPI policy added to the loan (N/A for regular premium PPI policies). ~ £1,100 [This amount is for the first loan and doesn't appear to carry down anywhere else, but I'm surprised to see it, especially in reference to the first loan]

All the rest are in the second loan column:

'Amount added to the loan that you would not have borrowed without PPI on your previous loan(s)' ~ £30.00

'The extra amount you paid when you refinanced/early settled your loan due to the PPI on previous loan(s) linked to this loan' ~ £17.00

'Other direct losses: If you've incurred further losses as a result of your PPI policy, it will be added here. This type of loss is often referred to as consequential loss' ~ £10.00

The rest is interest, then tax deducted.

While I am sure many would say I should just be grateful that I got some money when I never even took out PPI, this all just seems a bit odd. Firstly, I don't recall every refinancing or taking out a second loan. Unfortunately I don't have any of the paperwork for the loan still to check at what point the loan reference numbers changed. Secondly, if there is PPI associated with my loan, this is not just a case of miss-selling - I specifically asked them to remove the PPI product and I remember it very well.

What does everyone think? Should I just shut up and take the money? Would it at least be worth referring to the Financial Ombudsman? To be clear, I'm not after more money, I just feel that this may require further investigation, especially given that I declined the PPI product.

hollowhead

I have been trying to reclaim on a few store cards. I was t working in the 90s but they say they need proof that I wasn’t working ! Any ideas how I could get proof?

[Deleted User]

hollowhead wrote: »

I have been trying to reclaim on a few store cards. I was t working in the 90s but they say they need proof that I wasn’t working ! Any ideas how I could get proof?

Decades on, it's going to be very difficult proving a negative unless you were a student.