PPI Reclaiming successes and failures

hobbes71

:beer::j:j:j Hurrah!!!!!

I would just like to say thankyou to all the people who have posted on this site about PPI reclaiming. I have not posted before, preferring to keep my woes to myself......however!!

I have just successfully reclaimed not once but twice from Black Horse, for 2 seperate loans I had with them!!!

A template letter, amended to suit my circumstances, and e-mailed to them directly. Firstly I received a fob off letter, within a couple of days!! I then sent a further e-mailed letter to them disagreeing with their findings, and they responded in my favour in less than a week!!!

Many thanks to all again.

I am now awaiting the cheque, hopefully it will arrive to help Santa out!!

di3004

hobbes71 wrote: »

:beer::j:j:j Hurrah!!!!!

I would just like to say thankyou to all the people who have posted on this site about PPI reclaiming. I have not posted before, preferring to keep my woes to myself......however!!

I have just successfully reclaimed not once but twice from Black Horse, for 2 seperate loans I had with them!!!

A template letter, amended to suit my circumstances, and e-mailed to them directly. Firstly I received a fob off letter, within a couple of days!! I then sent a further e-mailed letter to them disagreeing with their findings, and they responded in my favour in less than a week!!!

Many thanks to all again.

I am now awaiting the cheque, hopefully it will arrive to help Santa out!!

Wow, this is wonderful :j:j
Congratulations.
:beer:

sunnygirls

Hi all well done to all successes seems to be loads this week and they seem to be getting dealt with pretty quick . I myself dont seem to be having any luck ,but will keep on at them .WELL DONE AGAIN SUNNY XXX

marshallka

hobbes71 wrote: »

:beer::j:j:j Hurrah!!!!!

I would just like to say thankyou to all the people who have posted on this site about PPI reclaiming. I have not posted before, preferring to keep my woes to myself......however!!

I have just successfully reclaimed not once but twice from Black Horse, for 2 seperate loans I had with them!!!

A template letter, amended to suit my circumstances, and e-mailed to them directly. Firstly I received a fob off letter, within a couple of days!! I then sent a further e-mailed letter to them disagreeing with their findings, and they responded in my favour in less than a week!!!

Many thanks to all again.

I am now awaiting the cheque, hopefully it will arrive to help Santa out!!

Well done to you. :T

showergirl

Hi everyone,

Nassie rang last night she has received a letter from the FOS saying that A&L have agreed to pay her ppi back as a goodwill gesture.:j

marshallka

showergirl wrote: »

Hi everyone,

Nassie rang last night she has received a letter from the FOS saying that A&L have agreed to pay her ppi back as a goodwill gesture.:j

Thats good news then showergirl. I bet she will treat you. You have been a good friend.;)

showergirl

marshallka wrote: »

Thats good news then showergirl. I bet she will treat you. You have been a good friend.;)

She couldn't believe it when she received the letter, I am really pleased to have been able to help her out

Dellboy_3

Hi all
recieved a letter from Egg today saying they have agreed a refund on PPI :j
The amounts are as follows

PPI premium on loan £ 9235.75
Less any PPI refund taken off loan £ 543.28
Refund of interest charged on PPI at contractual loan rate £ 3299.48
Total refund due £11991.95

Now is this correct given the details below



annual percentage rate (APR) 6.9% (as per agreement)
annual interest rate 6.73% fixed (as per agreement)
original term of loan 84 months (this is the term of your loan starting from the date the agreement was made through to the last payment date as provided in the agreement - any changes will have been notified to you)
date of initial advance 05 July 2004
amount of credit £25,000.00 cash loan
£9,235.75 repayment protection

i would have thought it should be

PPI pemium on loan £9235.75
Refund of payments made on PPI portion of loan
£134.00 a month for 60 months) £8040
plus any additional interest

this would mean £17275.75 plus any interest .

I know this might sound greedy but that £6000 would make a hell of a difference .

If my workings are correct shall i just write and tell them as when i phoned for clarification i was told that i just didnt get it .:mad:

Also is it ok to accept the payment and continue to argue as there letter says the complaint is now closed ...

marshallka

Dellboy wrote: »

Hi all
recieved a letter from Egg today saying they have agreed a refund on PPI :j
The amounts are as follows

PPI premium on loan £ 9235.75
Less any PPI refund taken off loan £ 543.28
Refund of interest charged on PPI at contractual loan rate £ 3299.48
Total refund due £11991.95

Now is this correct given the details below



annual percentage rate (APR) 6.9% (as per agreement)
annual interest rate 6.73% fixed (as per agreement)
original term of loan 84 months (this is the term of your loan starting from the date the agreement was made through to the last payment date as provided in the agreement - any changes will have been notified to you)
date of initial advance 05 July 2004
amount of credit £25,000.00 cash loan
£9,235.75 repayment protection

i would have thought it should be

PPI pemium on loan £9235.75
Refund of payments made on PPI portion of loan
£134.00 a month for 60 months) £8040
plus any additional interest

this would mean £17275.75 plus any interest .

I know this might sound greedy but that £6000 would make a hell of a difference .

If my workings are correct shall i just write and tell them as when i phoned for clarification i was told that i just didnt get it .:mad:

Also is it ok to accept the payment and continue to argue as there letter says the complaint is now closed ...

As you settled the account early you would have had a rebate against the PPI interest so would not have paid the full amount.

You should get back the PPI paid to settlement (the element of the repayment that went towards the PPI and interest and add 8% statutory interest onto each repayment from the date paid to todays date) then they look at what you paid at settlement and then they look at what your loan would have looked like without the additional PPI and take one from the other. (they then add 8% statutory interest onto the amount of the difference from settlement date to todays date).

maxdp

showergirl wrote: »

Hi everyone,

Nassie rang last night she has received a letter from the FOS saying that A&L have agreed to pay her ppi back as a goodwill gesture.:j

Oh good for Nassie and well done you for helping her.