PPI Reclaiming successes and failures

i_love_matrinlewisxxx

MARTIN LEWIS IS GOD!!!! :money:

TWO WEEKS AGO AT TEA BREAK ME AND THE OFFICE GIRLIES WERE BLEATHERING ABOUT GMTV EARLIER. I DECIDED TO GOOGLE MARTIN LEWIS AND WAS DIRECTED TO THIS SITE.

DISCOVERED EGG WERE THE WORST ON THE LIST AND REMEMBERED THAT I HAD A LOAN AND A VISA THROUGH THEM IN 2004/2006 THEN CLEARED.

CONTACTED EGG THAT EVENING AND DISCOVERED THAT THEY HAD ADDED PPI.

NEXT DAY DID TWO LETTERS AND PHONED AGAIN - WAS PUT ONTO CUSTOMER COMPLAINTS AND SPOKE TO A LOVELY CHAP CALLED LEWIS, FAXED MY LETTERS OF COMPLAINT JUST THE BOG STANDARD ONES OFF THIS SITE.

GOT LETTERS 2DAY GETTING 300 QUID BACK FROM VISA AND 900 QUID BACK FROM LOAN WITHIN 7 TO TEN DAYS.

TOOK LESS THAN A FORTNIGHT FROM START TO FINISH. :T:T:T:T

GOOD LUCK TO YOU ALL ..... IF ANYONE WANTS I HAVE EGG FAX NUMBER IN OFFICE!!!! WOOP WOOP

di3004

i_love_matrinlewisxxx wrote: »

MARTIN LEWIS IS GOD!!!! :money:

TWO WEEKS AGO AT TEA BREAK ME AND THE OFFICE GIRLIES WERE BLEATHERING ABOUT GMTV EARLIER. I DECIDED TO GOOGLE MARTIN LEWIS AND WAS DIRECTED TO THIS SITE.

DISCOVERED EGG WERE THE WORST ON THE LIST AND REMEMBERED THAT I HAD A LOAN AND A VISA THROUGH THEM IN 2004/2006 THEN CLEARED.

CONTACTED EGG THAT EVENING AND DISCOVERED THAT THEY HAD ADDED PPI.

NEXT DAY DID TWO LETTERS AND PHONED AGAIN - WAS PUT ONTO CUSTOMER COMPLAINTS AND SPOKE TO A LOVELY CHAP CALLED LEWIS, FAXED MY LETTERS OF COMPLAINT JUST THE BOG STANDARD ONES OFF THIS SITE.

GOT LETTERS 2DAY GETTING 300 QUID BACK FROM VISA AND 900 QUID BACK FROM LOAN WITHIN 7 TO TEN DAYS.

TOOK LESS THAN A FORTNIGHT FROM START TO FINISH. :T:T:T:T

GOOD LUCK TO YOU ALL ..... IF ANYONE WANTS I HAVE EGG FAX NUMBER IN OFFICE!!!! WOOP WOOP

Absolutely wonderful

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

fks

Well another suceess ! had a letter from barclays today.... to take off the cost of ppi and insurance off the existing amount left, which has now seen it drop from £19.6k down to £11.8k ! very pleased. havent read letter yet just had phone call, will i get what i have already paid back the ppi as well ?.....

di3004

fks wrote: »

Well another suceess ! had a letter from barclays today.... to take off the cost of ppi and insurance off the existing amount left, which has now seen it drop from £19.6k down to £11.8k ! very please. havent read letter yet just phone call, will i get what i have already paid back ?.....

Well done to you.:beer::T:beer:

They all vary from one bank to another but if you have an existing loan, some refund towards the loan, say for example there are any arrears they would normally pay towards them and anything remaining directly to you.

Just to give you an idea, Maxdp posted up a thread to how the FOS calculates refunds, check this out here as well.
http://forums.moneysavingexpert.com/showthread.html?t=1596473

Marshallka is also good at explaining in details on these matter as well, all the best.:beer:

fks

sunnygirls wrote: »

Hi i too had this questionaire ,i filled it in and sent it back ,still waiting for a responce though ,good luck Sunny

Ring them up instead of filling it in i did this last thursday, and today had a letter offering a settlement ! less than 5 working days...QUALITY

fks

di3004 wrote: »

Well done to you.:beer::T:beer:

They all vary from one bank to another but if you have an existing loan, some refund towards the loan, say for example there are any arrears they would normally pay towards them and anything remaining directly to you.

Just to give you an idea, Maxdp posted up a thread to how the FOS calculates refunds, check this out here as well.
http://forums.moneysavingexpert.com/showthread.html?t=1596473

Marshallka is also good at explaining in details on these matter as well, all the best.:beer:

Youve lost me hahahah to complicated for moi, all i can say is never missed a payment and all made on time. have made 24 payments of the loan which equates to £2712 paid off single premium ppi.( not including loan repayment ) i was under the impression that i will get that back plus full cost of premium & intrest. obiviously the premium and intrest then subtracted off the current amount.... and HOPE that what i have already paid refunded back as a cheque ?....

di3004

fks wrote: »

Youve lost me all i can say is never missed a payment and all made on time. have made 24 payments of the loan which equates to £2712 paid off single premium ppi.( not including loan repayment ) i was under the impression that i will get that back plus full cost of premium & intrest. obiviously the premium and intrest then subtracted off the current amount.... and HOPE that what i have already paid refunded back as a cheque ?....

Hi there

Yes that was just an example I gave on my above post.;)

I agree they should refund directly back to you.

If you get the chance to read through the posts, even with no arrears some banks have refunded towards the loans if still active and the remainder comes back to you.;)

Hopefully Marshallka will post and explain more on this one for you X

fks

Could marshalka send a private message regarding the above please. and many thanks to eveyones advice on this greatly appriecieated.

xxxxxxxxxxxxxxxxxx

DaveMacD

I think it depends on the bank, but when I got my refund, I got cash back. This was because several months previously, I'd asked them to remove the PPI from the loan, and they had to recalculate the loan amount. This basically became a new loan, so the cash was refunded to me rather than deducted from the loan. Different banks may have different procedures.

Jewell_2

I sent my first letter a bit back to HSBC, had two letters since saying they are busy with complaints at the moment and they will respond to me soon. Got a phone call from the local branch today asking me to go in to discuss it. Anyone else had this?