PPI Reclaiming successes and failures

di3004

Jagger wrote: »

Final Update - hopefully! All monies now paid to me by EGG after 2 years! FOS etc etc and then EGG took all the cash back!!! AHHHHH! BUT now Hooray! Over £2000 with an apology from EGG for "everything"! Worth all the hassle now I look at my bouyant bank balance! Thanks to all on here for the kind words and encouragement! The forums really do help lift my spirits!

Fab news Jagger.
Well done and Congratulations.
:beer::T:beer:

marshallka

ang.mac wrote: »

Thanks for your reply - I'm sorry i I did not explain fully. When I was made redundant I called to claim on my PPI and they said I couldn't as it was not covered for redundancy???. So I went to a debt solution company and they made up a financial statement and agreed for me to pay back the loan at a reduced repayment. I did this for about 18 months when I left my job due to being sexually harrassed and I stopped paying completely. HBOS never ever contacted me again.
Recently I got a copy of my credit report and this loan was showing as "SETTLED". I assume they wrote it off as a bad debt or something. I couldn't really afford they repayments anyway as the PPI was so high. My experian report shows the loan as being "SETTLED" in August 2003. I originally took the loan out in 2000 over 5 years.

I hope this helps you be less confused rather than more confused.

How much of the loan was owing when they wrote if off and how much was the PPI in total? Also how many "proper" repayments did you make on the loan before defaulting. All this would be relevant I would think. If you know this then you could argue that you could have afforded the repayments in full without the PPI being added and carried on with the loan repayments and not had to take a debt solution plan etc. I think this is a hard one really.

I assume you made 18 months reduced payments and it was originally over 5 years but it was settled in 2003 so that was maximum 3 years later. You actually most probably made a maximum 18 months repayments with the PPI so how much of the repayments over that 18 months were PPI? Did the 18 months PPI make it where you could not afford the rest of the loan and when you made the other 18 months in reduced payments were the reduced payments lower than the "original" repayments without the PPI added. It would help if you knew all of this. If your PPI was more than you actually had written off then I would think they would pay the difference.

Maybe someone who is in the same boat could post up or maybe if you ask on the loans board or debt board they would be able to help. I would think that even if you won on this they would be entitled to use the money against the debt. Others may view different.

cot1198

What were you reclaiming: Credit Card PPI
Who was the provider: HSBC
How much did you get back: Don't know yet
Did you get it back after a letter or did you go to the Financial Ombudsman: Had to go to FOS

I started this claim way back in September last year.
I sent HSBC my first letter and got two holding letters then bang on the eight week deadline I got a letter saying they would not be up holding my complaint, that was the end of October 2008.
I did'nt go to FOS at first, I just thought I had lost that one. But after reading reports from others on here I went to the FOS with my complaint as I thought I had nothing to lose. Anyway a few letters back and forth and the FOS has informed me that HSBC are willing to repay my PPI payments as a good will gesture, I will need to wait up to eight weeks to get the amount to be refunded confirmed.
If in doubt go for it.

thanks to all on this site for help, advice and for posting success stories to keep our spirits up while we wait for decisions.

di3004

cot1198 wrote: »

What were you reclaiming: Credit Card PPI
Who was the provider: HSBC
How much did you get back: Don't know yet
Did you get it back after a letter or did you go to the Financial Ombudsman: Had to go to FOS

I started this claim way back in September last year.
I sent HSBC my first letter and got two holding letters then bang on the eight week deadline I got a letter saying they would not be up holding my complaint, that was the end of October 2008.
I did'nt go to FOS at first, I just thought I had lost that one. But after reading reports from others on here I went to the FOS with my complaint as I thought I had nothing to lose. Anyway a few letters back and forth and the FOS has informed me that HSBC are willing to repay my PPI payments as a good will gesture, I will need to wait up to eight weeks to get the amount to be refunded confirmed.
If in doubt go for it.

thanks to all on this site for help, advice and for posting success stories to keep our spirits up while we wait for decisions.

Fanatastic, well done and Congratulations.
:beer::T:beer:

family123

di3004 wrote: »

Hello Chris and Welcome.;)

Well done to you, and this will also be a great help to many others, thank you, and Congratulations.
:beer::T:beer:

hi and thnks Chris. we have a claim in with Lloyds, and although today's artile on MSE states that Lloyds have the biggest upheld claims with the Ombudsman re mis seling PPi we don;t see many on the forum. This has given us some hope. Thanks again.

family123

di3004 wrote: »

Fantastic Loftty
Congratulations, great news.:beer::T:beer:

well done!!!!!!

gil8967

Hi,
How long should the bank hold records of settled a loan account for? I took out a loan in 2003 which I settled in November 2005 but the bank claims to have no record of this loan? Anyone? Gill

di3004

gil8967 wrote: »

Hi,
How long should the bank hold records of settled a loan account for? I took out a loan in 2003 which I settled in November 2005 but the bank claims to have no record of this loan? Anyone? Gill

Gill, I am aware its 6 years, England/Wales and Scotland 5 years, however some are lucky to even receive data going back from earlier years.;)

gil8967

Thanks di, so what do I do now as I do not have the agreement. They are saying that it has not been kept as too much time has passed since it was settled, but that would only be 4 years ago? Gill

mhairib_2

2nd success for me this week!!
Provider - A&L
PPI on a loan back in 2004
Repaid - Monthly premuims - £306, Rebate adjustment - £853.61, Total refund - £1160.40, AND they have added interest - £513.14 on the total refund up until 30 Sept 2009 - so GRAND TOTAL of £1673.54.

So far claimed back from MBNA, Egg and A&L for the PPI. All done under 1 letter to each of the providers.

Mhairib :T:T:T:T