PPI Reclaiming successes and failures

bazzaboy1979

When taking out a loan with TSB is loan protection insurence the same as PPI??

Thanks

di3004

bazzaboy1979 wrote: »

When taking out a loan with TSB is loan protection insurence the same as PPI??

Thanks

Hi there and yes it is.;)

Makela2009

Renault Financial Services
Hi- anyone had any successs with RFS? I bought a car off them years ago and I'm pretty sure there was PPI on the payments. I'm not sure who to contact as I don't have the paperwork any more - any ideas please?

thanks x

Makela2009

bazzaboy1979 wrote: »

When taking out a loan with TSB is loan protection insurence the same as PPI??

Thanks

Hi,
i've just had a claim upheld by Lloydstsb, but going by the feedback on here it may take a while to come through. Anyway, no issues with Lloyds handling of my case, they have been very eficient to date, :oso good luck!

di3004

Makela2009 wrote: »

Renault Financial Services
Hi- anyone had any successs with RFS? I bought a car off them years ago and I'm pretty sure there was PPI on the payments. I'm not sure who to contact as I don't have the paperwork any more - any ideas please?

thanks x

Hi there
Found some details on the FSA register.

Known as RCI Financial services, this is what came up when I wrote in
Renault Financial Service, and they were authorised 14/01/05.
Company no: 312330


Address:

Egale House
78 St Albans Road
Warford
Herfordshire
WD17 1AF
Tel number: 01923 686160

Email: [EMAIL="Chris.duckworth@rcibanque.com"]Chris.duckworth@rcibanque.com[/EMAIL]

What year did you take out finance with these?

rcms26

I am still in shock with the result of three letters but here are my wins:j

My husband has a loan with Abbey (still paying it) with PPI, i wrote to Abbey and asked them to remove it, told them we were told we felt we had to have it to gain the loan and they have just returned 2.5K straight back into his current account and reduced the premiums on his loan by around £60 per month!!! :T:rotfl::j

I had a loan with the AA which i took out in 2001 to buy a new car, i then needed to consolodate a few debts so took out a larger loan with the AA and included PPi on both loans. to cut a long story short, wrote to the AA with two letters quoting the two references and have just been awarded £1661.19 on one loan and then £1568.75 on the other! :j

I have saved the best till last, I have since received two more cheques from the Bank of Scotland (AA) for the 8% interest £747.93 and 657.34.

All of this from three letters. all i need now is to know how to spend the money. :T:T

I thought i would post this to give you all hope that it really does work, and i am now going to dig all my old paperwork out of the cupboard and attempt to claim for my old loans, worth a try!!:rotfl::rotfl::rotfl:

di3004

rcms26 wrote: »

I am still in shock with the result of three letters but here are my wins:j

My husband has a loan with Abbey (still paying it) with PPI, i wrote to Abbey and asked them to remove it, told them we were told we felt we had to have it to gain the loan and they have just returned 2.5K straight back into his current account and reduced the premiums on his loan by around £60 per month!!! :T:rotfl::j

I had a loan with the AA which i took out in 2001 to buy a new car, i then needed to consolodate a few debts so took out a larger loan with the AA and included PPi on both loans. to cut a long story short, wrote to the AA with two letters quoting the two references and have just been awarded £1661.19 on one loan and then £1568.75 on the other! :j

I have saved the best till last, I have since received two more cheques from the Bank of Scotland (AA) for the 8% interest £747.93 and 657.34.

All of this from three letters. all i need now is to know how to spend the money. :T:T

I thought i would post this to give you all hope that it really does work, and i am now going to dig all my old paperwork out of the cupboard and attempt to claim for my old loans, worth a try!!:rotfl::rotfl::rotfl:

Wow this is fantastic :j:j:j
Well done and Congratulations.
:beer::beer:

flinty85

Just got back £4,700 of A&L Credit card PPI..thats great you would think,but they paid it off the balance of my outstanding credit card debt,is they anyway i can make them send me a cheque for this amount as this seems very unfair,has anyone got any advice on how to go about getting this refunded to myself. cheers

Briggsy.notts

marshallka wrote: »

The statutory interest is worked out at 8% (same as the bank charges caclulator works it out) so you would put in each amount of repayment that went towards the PPI (suppose you paid £50 a month for PPI and interest on PPI), you would put in the calculator the first payment date (suppose this was 15th April, 2005) and then click "add to charges list" then you would put £50 in again and then 15th May 2005 etc etc etc. This then adds up in the charges list the actual amount of statutory interest due for each monthly payment you made against the PPI. Some firms however will just add simple interest onto whatever payment you are due back but this works out less.

Hope this helps

This is from the Ombudsman site and states the same

Loan and PPI policy still in place at time of FOS decision.
Lender agreed for the cancellation of the PPI policy and restructuring of loan. E.g.
Overall loan repayments £250 per month but would have been £200 without PPI, term of policy was 60 months and complaint settled after 20 monthly payments.
· Return excess monthly payments of £50 x 20 payments up to date of settlement (£1000)
· Add interest to each payment of £50 at 8%simple, from date of each payment until lender repaid.
· Arrange loan to be restructured, so remaining 40 monthly payments reduced to £200
· Pay borrower £300 for extra inconvenience caused.

Thanks for that. Thats much clearer. I just look forward to seeing what I get back. Just really want to clear my credit card and have a little more per month.

marshallka

Briggsy.notts wrote: »

Thanks for that. Thats much clearer. I just look forward to seeing what I get back. Just really want to clear my credit card and have a little more per month.

So pleased its cleared your head a little. :beer:

Let us know how you get on.