PPI Reclaiming successes and failures

Makela2009

amersall wrote: »

well done to you, congrats. there is a chance you could do this, i won with yorkshire bank from 14 years ago, and some one else on here won a credit card from 22 years ago and a loan from 14 years ago. so give it a go you have nothing to lose!

wow! 14 years, and 22! Definitely going for it then - think mine are from late about 1999/2000. Both are Natwest, so hopefully they'll be just as efficient as they were this time around. Will post when I have news!

thanks for your help

marshallka

Dellboy wrote: »

Ok but the loan repayments inc ppi (single premium added to loan) are £525.73 i calculate the ppi payment to be £138.04 making the payments paid over 60 months £8282.40 .
so does this not mean it should be ppi of £9235.75 off the current loan amount
plus £8282.40 refund for payments made (plus interest) so a total of £17518.15 (plus interest)

I have just realised it was over 7 years and not 8 years (SORRY) and that is what I calculated on this morning so if its over 7 years it would have been as i work out £515 a month or as you say £525.73 (cause of the broker fee).

This is how you work out how much of the payment went towards the PPI.

You take the PPI amount and divide it by the PPI and loan (without interest) which is 26.97%. You then take 26.97% of the repayment and that comes to 138.90 and then times that by the 84 months totalling £11667.60. This is then what your total PPI (with interest) would have cost you if the loan went to term. They are refunding you £11991.95 which is about correct for the full amount of a refund. I do however note that 8% statutory interest is not included in this so maybe you could ask that this be done as it would be a bit extra.

As regards your extra £6000 that you would ask for then I cannot see them paying this as they are actually refunding you the whole of the PPI and interest.

Well done by the way...:beer:

supersaverg

Just recieve cheque today from EGG for £1000.

Already banked £2000 from A&L.

Got letter from Barclaycard stating they had recieved my questionnaire and should issue their answer soon.

Capital One seem to have simply ignored my letter....work to do there..

Letter off to Close Car Finance.

di3004

supersaverg wrote: »

Just recieve cheque today from EGG for £1000.

Already banked £2000 from A&L.

Got letter from Barclaycard stating they had recieved my questionnaire and should issue their answer soon.

Capital One seem to have simply ignored my letter....work to do there..

Letter off to Close Car Finance.

Wonderful........:T:T
Well done and Congratulations.:beer:

gerryscot

:j:j:j:j:j

What were you reclaiming: PPI
Who was the provider: Black Horse
How much did you get back: £2774.35
Did you get it back after a letter or did you go to the Financial Ombudsman: Sent one email offer letter received within 24 hours.
And then write your brief reclaim tale: Searched FSA for Black horse PPI Director sent email directly to Paul Phillips, I had intended to post a copy recorded delivery today. Couldn’t believe it when I received a letter this morning saying they accept no responsibility but as a goodwill gesture they offered to refund £2774.35. I didn’t actually know how much I was due to be refunded I thought it might be £1000.00 was delighted to be offered £1955.36 plus 8 % interest £818.99 total amount £2774.35.

Thanks to Martin and everyone on MSE for the letter templates and excellent advice. By providing this information you make it possible for people like myself to have the knowledge and confidence to contact these companies to request a refund.

I know for a fact that if it wasn’t for MSE, I would not have been successfully reimbursed for the following:

Bank charges £3150
Bank charges £266
PPI. Refund £2774
Grand Total £6190

I am waiting for a lung transplant and currently receiving benefits for the first time in my life, this extra money has made such a huge impact to my quality of life.

“Thank you to everyone at Money Saving Expert from the bottom of my heart” :A :T :T :T

　
　
　
　
　

di3004

:beer:

gerryscot wrote: »

:j:j:j:j:j

What were you reclaiming: PPI
Who was the provider: Black Horse
How much did you get back: £2774.35
Did you get it back after a letter or did you go to the Financial Ombudsman: Sent one email offer letter received within 24 hours.
And then write your brief reclaim tale: Searched FSA for Black horse PPI Director sent email directly to Paul Phillips, I had intended to post a copy recorded delivery today. Couldn’t believe it when I received a letter this morning saying they accept no responsibility but as a goodwill gesture they offered to refund £2774.35. I didn’t actually know how much I was due to be refunded I thought it might be £1000.00 was delighted to be offered £1955.36 plus 8 % interest £818.99 total amount £2774.35.

Thanks to Martin and everyone on MSE for the letter templates and excellent advice. By providing this information you make it possible for people like myself to have the knowledge and confidence to contact these companies to request a refund.

I know for a fact that if it wasn’t for MSE, I would not have been successfully reimbursed for the following:

Bank charges £3150
Bank charges £266
PPI. Refund £2774
Grand Total £6190

I am waiting for a lung transplant and currently receiving benefits for the first time in my life, this extra money has made such a huge impact to my quality of life.

“Thank you to everyone at Money Saving Expert from the bottom of my heart” :A :T :T :T

　
　
　
　
　

WOW, this is brilliant :T:T:T:j:j:j
Congratulations, so happy for you.
:beer::beer:

gerryscot

di3004 wrote: »

:beer:

WOW, this is brilliant :T:T:T:j:j:j
Congratulations, so happy for you.
:beer::beer:

:hello:

Thank you.

I couldn't believe they sent offer letter so quickly, was expecting to go through the letter process for a few months.

If it wasn't for you guys i wouldn't have got a penny back. :kisses:

Thanks a million. :T:T:T

di3004

gerryscot wrote: »

:hello:

Thank you.

I couldn't believe they sent offer letter so quickly, was expecting to go through the letter process for a few months.

If it wasn't for you guys i wouldn't have got a penny back. :kisses:

Thanks a million. :T:T:T

Well we are soooooo happy for you........:T:T:j:j and your welcome.:A, you will certainly have a very merry xmas :xmassign::snow_grin:xmastree::j:j:j, well done :beer:Xxx

amersall

supersaverg wrote: »

Just recieve cheque today from EGG for £1000.

Already banked £2000 from A&L.

Got letter from Barclaycard stating they had recieved my questionnaire and should issue their answer soon.

Capital One seem to have simply ignored my letter....work to do there..

Letter off to Close Car Finance.

:money:well done!:j:j:j

amersall

gerryscot wrote: »

:j:j:j:j:j

What were you reclaiming: PPI
Who was the provider: Black Horse
How much did you get back: £2774.35
Did you get it back after a letter or did you go to the Financial Ombudsman: Sent one email offer letter received within 24 hours.
And then write your brief reclaim tale: Searched FSA for Black horse PPI Director sent email directly to Paul Phillips, I had intended to post a copy recorded delivery today. Couldn’t believe it when I received a letter this morning saying they accept no responsibility but as a goodwill gesture they offered to refund £2774.35. I didn’t actually know how much I was due to be refunded I thought it might be £1000.00 was delighted to be offered £1955.36 plus 8 % interest £818.99 total amount £2774.35.

Thanks to Martin and everyone on MSE for the letter templates and excellent advice. By providing this information you make it possible for people like myself to have the knowledge and confidence to contact these companies to request a refund.

I know for a fact that if it wasn’t for MSE, I would not have been successfully reimbursed for the following:

Bank charges £3150
Bank charges £266
PPI. Refund £2774
Grand Total £6190

I am waiting for a lung transplant and currently receiving benefits for the first time in my life, this extra money has made such a huge impact to my quality of life.

“Thank you to everyone at Money Saving Expert from the bottom of my heart” :A :T :T :T

　
　
　
　
　

:j:jwow 24 hours:j:jthat is excellent:money:well done to you:beer::beer: maybe this could be the way forward? send email instead of letter;)