PPI Reclaiming successes and failures

craigmichael

What were you reclaiming: PPI
Who was the provider: MBNA and Abbey
How much did you get back: £562.81 MBNA £237.28 Abbey
Did you get it back after a letter or did you go to the Financial Ombudsman: Sent one letter
Then write your brief reclaim tale:
Wrote one letter to each of MBNA and Abbey on 8th September. Received replies back the following week saying they would look into the matter and respond by 4th November. Friday 6th November received letter offering goodwill payments as above. Not bad for two first class stamps and five minutes time!!! With our first baby due in May this along with the £620 from Egg its a great start for the nursery.
Thanks again to Martin and the forums :money::T

amersall

craigmichael wrote: »

What were you reclaiming: PPI
Who was the provider: MBNA and Abbey
How much did you get back: £562.81 MBNA £237.28 Abbey
Did you get it back after a letter or did you go to the Financial Ombudsman: Sent one letter
Then write your brief reclaim tale:
Wrote one letter to each of MBNA and Abbey on 8th September. Received replies back the following week saying they would look into the matter and respond by 4th November. Friday 6th November received letter offering goodwill payments as above. Not bad for two first class stamps and five minutes time!!! With our first baby due in May this along with the £620 from Egg its a great start for the nursery.
Thanks again to Martin and the forums :money::T

:jwell done to you:j:j congrats for the new arrival:cool:

marshallka

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.

Congrats and the ones won already and good luck with others too:T.

marshallka

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

　
　
　
　
　

Blummin heck, 24 hour:eek:. Well done, must be a record..:T

di3004

craigmichael wrote: »

What were you reclaiming: PPI
Who was the provider: MBNA and Abbey
How much did you get back: £562.81 MBNA £237.28 Abbey
Did you get it back after a letter or did you go to the Financial Ombudsman: Sent one letter
Then write your brief reclaim tale:
Wrote one letter to each of MBNA and Abbey on 8th September. Received replies back the following week saying they would look into the matter and respond by 4th November. Friday 6th November received letter offering goodwill payments as above. Not bad for two first class stamps and five minutes time!!! With our first baby due in May this along with the £620 from Egg its a great start for the nursery.
Thanks again to Martin and the forums :money::T

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

DI_Frost

amersall wrote: »

hi paul, if you dont mind me asking did you use a claims company to win with picture, if you did and you dont mind me asking how much was it , sorry to be nosy but some one on this site paid 25% of the win to one company. i think they target people who dont know that you can do what they can do and all for the cost of a stamp (or 2)

Hi, no I did it all on my own. I was prepared to give it another 6 months or so with the FSCS before I called in a company to do it for me. I do believe other 'commission' companies can do it faster as you are obviously paying for the service and they may not have the same workload on as the FSA/FSCS. However that said, if its with Picture, your compensation will come from the FSCS in any case, so it may not be any more beneficial - if you follow that!

All it cost me was 3 stamps for the 3 letters I sent initially, then all the further correspondence to the FSA/FSCS was pre-paid , plus a lot of patience!

amersall

DI_Frost wrote: »

Hi, no I did it all on my own. I was prepared to give it another 6 months or so with the FSCS before I called in a company to do it for me. I do believe other 'commission' companies can do it faster as you are obviously paying for the service and they may not have the same workload on as the FSA/FSCS. However that said, if its with Picture, your compensation will come from the FSCS in any case, so it may not be any more beneficial - if you follow that!

All it cost me was 3 stamps for the 3 letters I sent initially, then all the further correspondence to the FSA/FSCS was pre-paid , plus a lot of patience!

thanks for that, and once again well done!!

Dellboy_3

marshallka wrote: »

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:

I worry about my sanity sometimes but they are not taking the single premium off the outstanding loan just given me the payments ive made against it so i'm worse off :mad:
if i hadnt had the ppi i wouldnt have made £11000 worth of payments so surely i should get both the refund and the ppi removed from the loan accounts outstanding figure ???

amersall

Dellboy wrote: »

I worry about my sanity sometimes but they are not taking the single premium off the outstanding loan just given me the payments ive made against it so i'm worse off :mad:
if i hadnt had the ppi i wouldnt have made £11000 worth of payments so surely i should get both the refund and the ppi removed from the loan accounts outstanding figure ???

you should ring or write to them and say you want the usual redress, the ppi amount taken off your loan and the loan rescheduled and also the 8% and all payments made to date for the ppi returning to you, i personally think you have a good deal as you only have two years left on this loan and you are getting all the ppi back.even the two years you have not paid yet, or you could pay the loan back the ppi payments you still owe up front out of the payout they have offered, have they said this insurance has been cancelled? if not could you still make a claim within the next 2 years, if you can this is a bonus

JonasTheHobbit

What were you reclaiming: PPI on Loan
Who was the provider: HSBC
How much did you get back: £2688
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 Letter sent
And then write your brief reclaim tale: Sent off 1 letter from the templates on this site, received a response about a week later stating it was being investigated. Received another 3 weeks later stating they would not meet the 4 week deadline but had 8 weeks (according to FO) in which to complete the claim. Received a further letter 2 days before the 8 week time scale with the above offer. HSBC denies being in the wrong though!

Moneysavingexpert wins again. Cheers guys.