PPI Reclaiming successes and failures

MSutton

Hi pinknico,

Thanks for the reply, so if I got to the FOS I can claim interest back on the interest charged on the PPI?

Also with regards to the 8% Interest, should this be calculated in a similar fashion to the credit card link below? If so it means they are not giving me nowhere near enough!

moneysavingexpert.com/reclaim/credit-card-charges

Thanks

Mark

di3004

MSutton wrote: »

Hi pinknico,

Thanks for the reply, so if I got to the FOS I can claim interest back on the interest charged on the PPI?

Also with regards to the 8% Interest, should this be calculated in a similar fashion to the credit card link below? If so it means they are not giving me nowhere near enough!

moneysavingexpert.com/reclaim/credit-card-charges

Thanks

Mark

Hi Mark

The 8% interest is what normally a court would award as well, for more information on how the FOS calculates refunds, you should find this useful here, Maxdp posted this in another thread here:
http://forums.moneysavingexpert.com/showthread.html?t=1596473

Good luck with this.;)

Di

pinknico

Yes the 8% is added to each ppi payment from the date you paid it to the date if compensation paid.

amersall

:T:T:T:T:Treally pleased for this weekends winners:T:Twell done and congrats:money::money::money::money::money:

hepwors01

Hi, I just want to say a huge thank you to you Martin. After reading your article on PPI Insurance I wrote to a company who I took a loan out with and alhough the loan was repaid and finished. Yesterday I received notification that I am to be granted compensation of £1637.00. This to me at present is a fantastic amount so thank you thank you and again thank you. To anyone reading this article which I hope you do, even if you have repaid a loan still claim, my loan finishe in 2007 and in August 2009 I wil be receiving the compensation.

maxdp

hepwors01 wrote: »

Hi, I just want to say a huge thank you to you Martin. After reading your article on PPI Insurance I wrote to a company who I took a loan out with and alhough the loan was repaid and finished. Yesterday I received notification that I am to be granted compensation of £1637.00. This to me at present is a fantastic amount so thank you thank you and again thank you. To anyone reading this article which I hope you do, even if you have repaid a loan still claim, my loan finishe in 2007 and in August 2009 I wil be receiving the compensation.

Very well done to you.:T

maxdp

MSutton wrote: »

What were you reclaiming: PPI on MBNA Credit Card
Who was the provider: MBNA
How much did you get back: £2,774.11 + £125.90 (Interest)
Did you get it back after a letter or did you go to the Financial Ombudsman: 2 Letters (about 3 months though)

Hi All,

Mixed news from MBNA today, good news is that as a "Gesture of Goodwill" they are repaying all PPI premiums and associated interest charged to my account that I have had for the past 9 years - Great!

The problem is I am sure they are trying to cheat me on the interest side, can anyone confirm what I can claim on the interest? I have claimed on credit card charges before and it was 8% compound per year, which I thought would be the same with this. As you can imagine I have had the card for 9 years with always a healthy balance on £4k+ and my thoughts were that the interest would total more than £125.90?

Is there a link on the site anyone knows of that can help calculate the interest owed on PPI payments ?

Any help is appreciated!

Keep up the good work!

Mark

Well done to you. Any wwell done to all you people who have had successful claims.:T:T:T:T:j:j:j

kev1111

What were you reclaiming: PPI on Captial one credit card
Who was the provider: Captial one
How much did you get back: £50
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 email a week later a cheque

What were you reclaiming: PPI A&L Loan
Who was the provider: A&L
How much did you get back: £600
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 letter 2 replies, cheque received Saturday

What were you reclaiming: PPI AA Loan
Who was the provider: AA Bank of Scotland
How much did you get back: Unknown yet, they have gone in my favour and will find out in a few weeks
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 letter

3 other outstanding claims as well, so I am hoping they go as easy as the ones so far.

di3004

hepwors01 wrote: »

Hi, I just want to say a huge thank you to you Martin. After reading your article on PPI Insurance I wrote to a company who I took a loan out with and alhough the loan was repaid and finished. Yesterday I received notification that I am to be granted compensation of £1637.00. This to me at present is a fantastic amount so thank you thank you and again thank you. To anyone reading this article which I hope you do, even if you have repaid a loan still claim, my loan finishe in 2007 and in August 2009 I wil be receiving the compensation.

Wonderful, Well done and Congratulations.
:beer::T:beer:

di3004

kev1111 wrote: »

What were you reclaiming: PPI on Captial one credit card
Who was the provider: Captial one
How much did you get back: £50
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 email a week later a cheque

What were you reclaiming: PPI A&L Loan
Who was the provider: A&L
How much did you get back: £600
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 letter 2 replies, cheque received Saturday

What were you reclaiming: PPI AA Loan
Who was the provider: AA Bank of Scotland
How much did you get back: Unknown yet, they have gone in my favour and will find out in a few weeks
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 letter

3 other outstanding claims as well, so I am hoping they go as easy as the ones so far.

Well done and Congratulations Kev.:beer::T:beer:
Keep up the great work and good luck with the other 3 as well.;)