PPI Reclaiming successes and failures

sab_100

Dellboy wrote: »

so you reckon its correct ?

Dellboy could you tell me how long it took for Egg to respond and how many letters it took please?
Thanks x

ineedsomeinfo

• What were you reclaiming: PPI
• Who was the provider: Rbs
• How much did you get back: £579.00
• Did you get it back after a letter or did you go to the Financial Ombudsman: After One Letter
  
• And then write your brief reclaim tale: Wrote letter and sent it on 2nd October, Got reply a week later saying it was being investigated and they would get back to me. Got letter in today saying they accept no responsibility but as a goodwill gesture they refunded the complete amount of PPI paid. Thanks to Martin you are a genius! :beer:. Thanks to everyone for their help. Thanks!
  

tomcody

toolittletoolate wrote: »

Thank you!!! if egg handle yours like they did mine, you will have some money in a couple of weeks :T:j
Let me know what happens

I certainly will keep you posted. Thanks

gerryscot

mitch_gordon wrote: »

After a few letters lifted directly from this site (thanks Martin), Black Horse finally saw sense & decided that a payment of £1932.33 would be repaid to us. Just in time for Christmas... :beer:

Success from them and now waiting on Welcome Finance!!

Fingers crossed.

G.

Thanks for sharing your Great news.:j
I was delighted to read about your success, it encouraged me to get things moving. I'm now ready for action and to start my battle with Black Horse.

Hope you don't mind me asking but which address did you use for them?

:T:T Congratulations,

di3004

ineedsomeinfo wrote: »

• What were you reclaiming: PPI
• Who was the provider: Rbs
• How much did you get back: £579.00
• Did you get it back after a letter or did you go to the Financial Ombudsman: After One Letter
  
• And then write your brief reclaim tale: Wrote letter and sent it on 2nd October, Got reply a week later saying it was being investigated and they would get back to me. Got letter in today saying they accept no responsibility but as a goodwill gesture they refunded the complete amount of PPI paid. Thanks to Martin you are a genius! :beer:. Thanks to everyone for their help. Thanks!
  

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

amersall

rachie29 wrote: »

WOOOO! i've got two success stories! £840 reclaimed by myself from HSBC, took a very short time to go through perhaps about 2 months and the money was in my account within 2 days of receiving my acceptance letter. Then today, my boyfriend who banks with NatWest, has just received a letter also after 2 months, offering him £1900!!! Both PPI claims were from loans that we had around 4 years ago and both included interest added on. Neither us had to quibble with the banks, everything was dealt with smoothly even mine when I had used the wrong account number for the loan! Very pleased. Thank you money saving expert!!!

:j:jwell done to both of you:j:j

DI_Frost

SuzySu wrote: »

To DIFrost:

OMG......how absolutely FANTASTIC. What a result. I am just starting the process with Picture (as was). The PPI we took out was for £11,000 and to get that back would clear my debts completely. Can I just ask (if you don't mind) did you receive the payouts they promise in years 3, 4 and 5 - can't remember the percentages - think in year 3 it's 25%?

What reason did you give for taking the PPI ie. were you claiming it was 'mis-sold'?

Gosh, you have really inspired me.

HI, I didn't receive the loan payouts as I didn't allow the loan to progress that far along its term before I claimed for the PPI insurance. I#m sure they would still have paid as they are contractually obliged to do so. If you have had some payments, I'm sure they would just reduce your compensation award by that amount. I did recieve around £1,100 back from picture when I cancelled my PPI and the award from the FSCS showed that had received that back and adjusted by compensation.

I claimed the PPI was mis-sold on the basis that it was never mentioned in all the conversations (all they provided me with was a monthly payment figure), and at the time, we were desperate to get some funding in place just to live! I felt that their agents were not financially trained and took advantage of people in desperate situations.

I suspect you will probably need to go the whole hog, just keep all the letters that they send to you as replys to your letters. This shows to the FSA that you have already tried to resolve it yourself.

Alternately, you can get a company to chase your money for you. Its probably a lot quicker but will cost you a percentage in commission.

Hope this helps!
Paul

Dellboy_3

marshallka wrote: »

Dellboy, are these the original figures from the agreement as i am a little confused by these if the loan is still running.

Yes the loans still running it was 84 months and its got 23 to go

Also have they written a new agreement to reflect the loan without the PPI etc??

No new loan agreement there sending me the money not taking it from the loan

Usually they would work out how much you paid against the PPI and interest to date and refund in a cheque to you (and 8% statutory interest on each payment from the date made to todays date). Then they would take the remaining PPI off the settlement of the loan to date and do a new agreement to reflect this with lower repayments but the same term and APR???

Thats what i thought time for another letter maybe

amersall

Dellboy wrote: »

Thats what i thought time for another letter maybe

sorry to be a pain, dont know if marshalka will agree with me, but, the figures egg have given you (their workings out) they are giving you all the ppi back plus interest on the payments made? as you have still months left on your loan they are leaving it as it is? am i making sense?
ppi premium on loan£9,235.75 plus refund of interest charged on ppi £3299.48 =£12,535.23 then minus ppi refund off loan £543.28 =£11,991.95 that is what they are giving you back. as the loan only has 2 years to go i think that is a very good deal. and if thats what they are doing i personally would grab it!! if i am wrong then ok, but this is how i see it. because if they work it out like they should,you will get less back as the ppi you have yet to pay will be taken off the amount they are going to give you. please somebody confirm this for me

busbyh

DI_Frost wrote: »

HI, I didn't receive the loan payouts as I didn't allow the loan to progress that far along its term before I claimed for the PPI insurance. I#m sure they would still have paid as they are contractually obliged to do so. If you have had some payments, I'm sure they would just reduce your compensation award by that amount. I did recieve around £1,100 back from picture when I cancelled my PPI and the award from the FSCS showed that had received that back and adjusted by compensation.

I claimed the PPI was mis-sold on the basis that it was never mentioned in all the conversations (all they provided me with was a monthly payment figure), and at the time, we were desperate to get some funding in place just to live! I felt that their agents were not financially trained and took advantage of people in desperate situations.

I suspect you will probably need to go the whole hog, just keep all the letters that they send to you as replys to your letters. This shows to the FSA that you have already tried to resolve it yourself.

Alternately, you can get a company to chase your money for you. Its probably a lot quicker but will cost you a percentage in commission.

Hope this helps!
Paul

Suzysu

If you intend claiming off pICTURE, There is no need to pay anybody else to do this for you. All those on the Picture thread have done it themselves, saving loads
Just ring fscs and ask for a claim form fro Picture, and read all our posts on the Picture thread.
Good luck