PPI Reclaiming successes and failures

sue149

hi all got cheque this morning just short of £5000 off a ppi on a credit card my hubby use to have just one letter and about 5 weeks wait thats 3 ppi we have won :j:j:j:j:j:j:j:j

di3004

sue149 wrote: »

hi all got cheque this morning just short of £5000 off a ppi on a credit card my hubby use to have just one letter and about 5 weeks wait thats 3 ppi we have won :j:j:j:j:j:j:j:j

Sue this is wonderful news, soooooooo happy for you.:j
Congratulations. :beer::T:beer:

NStewart67

Just do it !!!
You may be sitting there wondering whther this is worth going for as your bank will probably say no and you will feel stupid for asking and going out of your way to take up your time worrying about the consequences of what the bank will now do to you....
Well I will ask you some simple things you might surprise yourself with the answer,
- Have you ever been overcharged at a shop - what did you do? let them keep your money ?
- have you ever given a loan to someone and told them to forget about it and not pay you back. (exclude family and friends).
- junk mail that comes through the door , do you buy everything that is offered?

Have you ever applied for a loan and been told the cost to repay the loan will be X amount each month and been told all the reasons as to why the loan protection you are getting will cover redundancy, sickness , death , critical illness cover and then been told the reasons that it may not pay out such as employment sick benefit , critical illness types , redundancy payout and if the cover will last the term of your loan and actually pay of your loan, were you told that the loan protection cover wasnt compulsary and you could buy it elsewhere if you wanted and that if you did that, it wouldnt hold up getting the loan, were you told you could cancel the loan protection within the cooling of period and still shop around for another policy to cover that loan .... or were you told it was a fully protected loan and the cost was X amount.

Were you told that on a joint loan that only one person is covered usually the highest earner of the two as they couldnt really sell it to the non earner such as a housewife or husband as there was nothing to protect against so if that person became critically ill or unfortunately died the loan remained outstanding?

Did you really believe that the bank who should be beyond reproach would really do everything in the best interest of you and not try and deceive you unwittingly or not then YOU LIKE MANY THOUSANDS OF US have nothing to be afraid of .

I was of that opinion and then I started looking at this site and in the first instance I applied to an old mortagage comapny for exit fee,s I may have been charged too much for after reading an article and sure enough I got £150 back.

Then I looked into the LOAN PROTECTION situation and asked my bank to send me details of MY loans going over the last 6 years and sure enough there was the loan protection on each one , even the ones I hadnt even signed for and whether I had signed for or not I didnt know fully what I was signing for .... so I applied for a refund and explained what hadnt been discussed or explored by the bank as to whether I had cover or not and yes I had to wait approximately 10 weeks while they took the time needed to investigate but at the end I got a reply and now I'LL ask you one more thing.

For a small ammount of time invested in retrieving the information and writing to your bank and waiting 8-10 weeks would you be happy with a refund including interest of nearly £4,500 ... I was.

I dont see this as a victory or the bank versus me , simply that somebody made a mistake or didnt understand how to sell me a policy they didnt know enough about and I couldnt make a full all the facts decision so I was reimbursed.

SO DONT THINK THE BANK WILL THINK BAD OF YOU , ITS NOT ABOUT THAT ITS ABOUT KNOWING WHAT YOU BOUGHT AND WHAT IT DID , IF YOU DIDNT OR DONT KNOW , THEN YOU PROBABLY WERE MIS SOLD.

hope this helps

dawnminto

Hi there just to let you know i have recieved a cheque this morning for "£2208 from halifax for ppi charges by following Martins advice and letters.Im still trying with the Natwest as I didnt have any details of a cancelled card and they said they have no records of it .Its less than six years so I am going to delve deaper to try find it .

jj10_2

Hi all after reading the success and encouragement everyone has posted on the site I have decided to have a go at this Thankyou all

di3004

dawnminto wrote: »

Hi there just to let you know i have recieved a cheque this morning for "£2208 from halifax for ppi charges by following Martins advice and letters.Im still trying with the Natwest as I didnt have any details of a cancelled card and they said they have no records of it .Its less than six years so I am going to delve deaper to try find it .

Hi Dawn

Congratulations on your Halifax success.:beer::T:beer:

Good luck with Natwest as well.;)

You could request a SAR (Subject access request) for all your information, they have 40 days to comply, but there is a charge of £10 postal order or cheque payment for this, post by recorded delivery and template link here:
http://forums.moneysavingexpert.com/showthread.html?t=1475553

di3004

jj10 wrote: »

Hi all after reading the success and encouragement everyone has posted on the site I have decided to have a go at this Thankyou all

Good for you, if you need any help, post up and let us know.
Here is a link for you to browse with useful ppi information and templates to follow.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

In the templates write your own reasons and they have 8 weeks to respond, good luck.;)

jj10_2

Thanks Di :T:T:T:T

di3004

jj10 wrote: »

Thanks Di :T:T:T:T

Your very welcome.:A;)

millhillbillies

• What were you reclaiming: Loan PPI
  
• Who was the provider: Alliance & Leicester
• How much did you get back: £984
• Did you get it back after a letter or did you go to the Financial Ombudsman: We wrote two letters in total and at four weekly intervals we received letters saying they were investigating it. The offer arrived within 12 weeks, with an offer to repay the PPI including the 8% interest. No need to go to the Ombudsman and we received an apology as a 'valued customer'.
  

Thanks for the templates and support - well worth the cost of two stamps!