PPI Reclaiming successes and failures

di3004

mikeloaf wrote: »

Just thought I would post re my sucess story! Reclaiming PPI on a HSBC personal loan. At the time of taking the loan I was told face to face I couldnt have it without taking the PPI (and I accepted that!).

Got back just over £1900 for the cost of one letter! Got a reply saying they would reply within 4 weeks. After 4 weeks I got another letter saying they were dealing with complaints in the order they arrived (and they obviously get a lot) so needed another 4 weeks.

Got a letter today saying they dont believe me, dont accept my claims etc but are going to refund me anyway! I never expected an apology, all I wanted was my money back and thanks to this forum I seem to be getting it !

Thanks again

Mike

Hello Mike and Welcome,

Well done on your success.......:beer::T:beer:
And thanks for posting this up, so happy for you, Congratulations.
:beer:

amersall

chellie2009 wrote: »

Hi everyone and to Di!another goodnews my husband got a refund worth 7hundred plus from the loan he taken out from Halifax but it took them 3 months to make the process but anyway, still a positive outcome. Way to go!!!MSE..thank you for the templates and encouragement.:THe is still waiting to for the refund to be sent off.:rotfl:

:j:jgood for you, well done:j:j:money:

amersall

snapper52 wrote: »

Martin, Thank you for your help. As a result of using your template I have had a letter from Egg sayying that they are prepared to repay my PPI premiums and associated interest charges totalling £3188.76, and all as a result of the initial letter. What a result!:beer:

:j:jwell done:jthats brill:money:

amersall

geoff62 wrote: »

hello friends
i got £391 back from M B N A just this week 11/ 09

tks to this site thankyou all

:j:jab fab:money:well done:beer:

amersall

mikeloaf wrote: »

Just thought I would post re my sucess story! Reclaiming PPI on a HSBC personal loan. At the time of taking the loan I was told face to face I couldnt have it without taking the PPI (and I accepted that!).

Got back just over £1900 for the cost of one letter! Got a reply saying they would reply within 4 weeks. After 4 weeks I got another letter saying they were dealing with complaints in the order they arrived (and they obviously get a lot) so needed another 4 weeks.

Got a letter today saying they dont believe me, dont accept my claims etc but are going to refund me anyway! I never expected an apology, all I wanted was my money back and thanks to this forum I seem to be getting it !

Thanks again

Mike

:j:jexcellent, :beer:well done:money:

amersall

kazdolly wrote: »

HI
A big thanks to gerryscot:T

after having 2 unsuccessful letters back from BH ,I done exactly the same as gerryscot.......
I e_mailed the Director of PPI at BH [EMAIL="paul.phillips@ltsbasset.co.uk"]paul.phillips@ltsbasset.co.uk[/EMAIL]
on monday night, recieved confirmation of the e_mail on tuesday and TODAY i recieved a letter in the post "as a gesture of goodwill"(not admitting liability blah blah blah)
Now just got to sign the acceptance of £600+ and wait on the cheque :j:jand its FREE to e_mail ...even better lol:rotfl:
GOOD LUCK TO EVERYONE ;)x x

:jexcellent:T well done:money:

bmacalister5

I Successfully claimed just over £3500 back from an EGG Personal Loan.

After browsing the money saving expert website i came across the article about PPI (Payment Protection Insurance). I remembered an old loan that i took out in 2001 with EGG for £12000. I applied for the loan via the internet but was told an adviser would contact me with a decision about my loan. The next day an adviser called me and told me the loan was to be excepted on the condition that i took out PPI, as i required the money i had to take it.

I used the letter templates from moneysavingexpert just entering my details as required. After the first letter they tried to fob me off saying that because i applied on the internet i had read the terms and conditions and was not entitled to anything. I wrote back using the second template letter and received no reply. I used the third template saying that this would be the last letter i would send to EGG and the next letter would be to the Financial Ombudsman. Eight days later i received a cheque for £3516.00.

Stay persistant, do not take no for an answer and you should get your money back.

Thank you money saving expert.
Barry Mac Alister.

di3004

bmacalister5 wrote: »

I Successfully claimed just over £3500 back from an EGG Personal Loan.

After browsing the money saving expert website i came across the article about PPI (Payment Protection Insurance). I remembered an old loan that i took out in 2001 with EGG for £12000. I applied for the loan via the internet but was told an adviser would contact me with a decision about my loan. The next day an adviser called me and told me the loan was to be excepted on the condition that i took out PPI, as i required the money i had to take it.

I used the letter templates from moneysavingexpert just entering my details as required. After the first letter they tried to fob me off saying that because i applied on the internet i had read the terms and conditions and was not entitled to anything. I wrote back using the second template letter and received no reply. I used the third template saying that this would be the last letter i would send to EGG and the next letter would be to the Financial Ombudsman. Eight days later i received a cheque for £3516.00.

Stay persistant, do not take no for an answer and you should get your money back.

Thank you money saving expert.
Barry Mac Alister.

Hi and welcome.

Wow, Congratulations, that is fab, well done :beer::T:beer:

geordielass71_2

hi ive just recieved a letter from barclays with reguards to misselling of ppi what the have offered is to take the ppi plus intrest off my current policy and offering me a reloan at a higher intrest rate of 12.4 when it was 11.9 also i asked them to look at my loans going back 6yrs as im not happy with any ppi i was ever sold. they havent done this but have looked at current ppi and up held my complaint due to their being no information avaliable. please help where do i go from here?

thanks

di3004

geordielass71 wrote: »

hi ive just recieved a letter from barclays with reguards to misselling of ppi what the have offered is to take the ppi plus intrest off my current policy and offering me a reloan at a higher intrest rate of 12.4 when it was 11.9 also i asked them to look at my loans going back 6yrs as im not happy with any ppi i was ever sold. they havent done this but have looked at current ppi and up held my complaint due to their being no information avaliable. please help where do i go from here?

thanks

Hi there
So basically they have said to take out a new loan to pay off the existing loan (the new loan will be without PPI), and the rate is that higher than the original rate.
I assumed they should have offered the same rate or better, but maybe someone could correct me on that otherwise.

Did they actually confirm if they are going to refund you the ppi with the interest, directly back to you?

I would wait for other opinions on this one to be honest, but your entitled to reclaim on the ppi from all loans you have from them if mis sold.

I take it you have put it into writing on the older loan as well?