PPI Reclaiming successes and failures

EllBee

Not celebrating yet guys!! Will wait till I see all those numbers in my bank account on Wednesday. I won't believe it till I see it!!!!! :rolleyes:

Just looking forward to getting it and paying off all the things I need to so I can hopefully start the new year with credit rather than debit!!!!! :j

stellaboy

LukeyMedia wrote: »

Hi Martin, firstly, big thanks, been reading everything on this site for a while, just don;t get round to doing things!

• What were you reclaiming:
  

PPI Loan insurance

• Who was the provider:

Allience and Leicester

• How much did you get back:
  

£766.08

• Did you get it back after a letter or did you go to the Financial Ombudsman:

I sent only 1 letter to them

• And then write your brief reclaim tale

I took out a loan for a car a couple of years ago, which I am still paying for, but despite being full time employed with the same company since I left college, the sales rep told me that I had to take out the PPI cover as a condition of receiving the loan. Being a mug I carried on.

I read about this PPI reclaiming a long time ago, but thought it would be complicated and just didnt get round to it, but I had a day off two weeks ago, I downloaded one template and pasted in my details, took about 5 minutes, then posted it, 2 weeks later I've got a letter saying I will be repaid in full with interest and my monthly repayments are being reduced from £210 to £170.

Cheers Martin! I owe you one :beer:

nice one:T

amersall

:j:j well done and congrats to this weeks winners:beer::money:

leondp

HELP NEEDED AGAIN !!!

Received a letter yesterday from HFC bank telling me the below after I requested a copy of a loan agreement with them

As you may be aware the bank is not required to provide information under section 77 of the consumer credit act 1974 when a loan has been paid in full. We confirm the above account was closed on 4 May 2004.
Cheque number 084 for 1.00 has therefore been returned.

What is my next step ?? I thought they had to send me a copy of the agreement ?

di3004

leondp wrote: »

HELP NEEDED AGAIN !!!

Received a letter yesterday from HFC bank telling me the below after I requested a copy of a loan agreement with them

As you may be aware the bank is not required to provide information under section 77 of the consumer credit act 1974 when a loan has been paid in full. We confirm the above account was closed on 4 May 2004.
Cheque number 084 for 1.00 has therefore been returned.

What is my next step ?? I thought they had to send me a copy of the agreement ?

Hi there

Unfortunately although it wasn't until recently that I was fully aware of this but if the loan was settled a while ago, they may not always hold this info still, but your next step if you want to is to go the SAR side of things, where they have 40 days to comply and send everything they do still hold on you, this they must comply to.
Although there is a charge of £10 for this by either postal order or cheque payment, link below to template letter for this.
http://forums.moneysavingexpert.com/showthread.html?t=1475553


However, just as long as you have an account number you can still continue to complain and reclaim.;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

helnag

• What were you reclaiming: Loan and HP PPI
  
• Who was the provider: Welcome Finance
  
• How much did you get back: £6815.00
• Did you get it back after a letter or did you go to the Financial Ombudsman: FOS
• And then write your brief reclaim tale:

I wont go into full details cos it's a very long story but sent first letter to Welcome in Jan 2008, eventually Welcome agreed to redress in July this year!! The cheques cleared yesterday!!!

It took many phone calls and letters and much stress but we got there in the end.

BIG THANK YOU TO EVERYONE THAT HAS HELPED, ESPECIALLY DI AND ROSEMAHAIRY AND OF COURSE THE MAN HIMSELF, MARTIN!!!!!

pinknico

• What were you reclaiming: loan(s)
• Who was the provider: Picture Financial Services.
• How much did you get back: £27270
• Did you get it back after a letter or did you go to the Financial Ombudsman: Went to the FSCS
• And then write your brief reclaim tale : Picture went into liquidation in June 2008, sent claim to FSCS August 2008, Picture declared in Default in July 2009, FSCS paid out in October 2009.

Thank you so much Martin for drawing my attention to mis selling of PPI.xx

di3004

helnag wrote: »

• What were you reclaiming: Loan and HP PPI
  
• Who was the provider: Welcome Finance
  
• How much did you get back: £6815.00
• Did you get it back after a letter or did you go to the Financial Ombudsman: FOS
• And then write your brief reclaim tale:

I wont go into full details cos it's a very long story but sent first letter to Welcome in Jan 2008, eventually Welcome agreed to redress in July this year!! The cheques cleared yesterday!!!

It took many phone calls and letters and much stress but we got there in the end.

BIG THANK YOU TO EVERYONE THAT HAS HELPED, ESPECIALLY DI AND ROSEMAHAIRY AND OF COURSE THE MAN HIMSELF, MARTIN!!!!!

Congratulations Helnag, well done to you.:j:j:j:beer::beer:
And your very welcome hunni.:A:beer:XXX

di3004

pinknico wrote: »

• What were you reclaiming: loan(s)
• Who was the provider: Picture Financial Services.
• How much did you get back: £27270
• Did you get it back after a letter or did you go to the Financial Ombudsman: Went to the FSCS
• And then write your brief reclaim tale : Picture went into liquidation in June 2008, sent claim to FSCS August 2008, Picture declared in Default in July 2009, FSCS paid out in October 2009.

Thank you so much Martin for drawing my attention to mis selling of PPI.xx

Yipppppeeeeeee
Congratulations
Pinknico :j:j:j
Phew what a lotta money there hun :T:T
Well deserved sweetie, soooooo happy for you!!!
:beer::beer::beer::beer::beer::beer::beer:

amersall

:j:j:j congrats helnag :beer:well done to you:j:jenjoy xx