PPI Reclaiming successes and failures

di3004

gerryscot wrote: »

:hello: :question:

Does anyone have any idea what the payment time scale is for Black Horse to issue cheque after offer letter has been accepted ?

:money:

Hi there hopefully someone who have had dealing with BH will post up for you.
But normally its approx say 28 days or a month after you have signed and accepted, although due to high volumes of these complaints they are all dealing with it can take longer, some other banks are stating they do not have a timescale, but if you hear nothing say after a month of signing, chase them up, good luck.;)

shedsounds

Bank of scotland have agreed to repay my ppi even though I ticked the box on application. They have said they will put me back in a position as though I never had the ppi. How do they calculate this as to do it accurately wouldnt they need to refund the 19.9% apr that was added to balance?

di3004

Hostie wrote: »

I have been sending letters off all week to reclaim charges, when going through my bankstatements etc I came across many loans with pppi so am going after that now. Looking at my loan document the breakdown indicates that my pppi was added in to my monthly payment ASWELL as the full amount being debited from my account!! It would appear that I've been charged twice for a product I didn't even need...nearly £8000!!! Where is the best place to seek advice from?
Should i take my paperwork to CAB? Any help much appreciated!!!

Hello and welcome.
You can try to reclaim the ppi yourself with the help from this site, and using the guidelines of reclaiming found here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
Check this out, and you will find template letters as well to help you though this, follow the guidelines you will not go wrong, and post by recorded delivery.
Remember to write your account number on your letter.

Good luck with this please keep us posted, and post up for help when required.;)

di3004

shedsounds wrote: »

Bank of scotland have agreed to repay my ppi even though I ticked the box on application. They have said they will put me back in a position as though I never had the ppi. How do they calculate this as to do it accurately wouldnt they need to refund the 19.9% apr that was added to balance?

Hi there and well done to you.:beer::T:beer:

They should then put you back in the position as if you did not have PPI, and refund you all you have paid in ppi and the interest.
Check this link here for more ideas on how this is calculated, this here is how the FOS calculates refunds:
http://forums.moneysavingexpert.com/showthread.html?t=1596473

gerryscot

di3004 wrote: »

Hi there hopefully someone who have had dealing with BH will post up for you.
But normally its approx say 28 days or a month after you have signed and accepted, although due to high volumes of these complaints they are all dealing with it can take longer, some other banks are stating they do not have a timescale, but if you hear nothing say after a month of signing, chase them up, good luck.;)

Thanks for your help di, :T

I'll keep you posted... :cool:

Hostie_2

Thanks alot. Will keep you posted on my crusade against Yorkshire Bank! Have sent letters off recorded delivery , just wondering what to do about the Double paying element. I will try and get in @ the citizens advice in order to get confirmation that i have paid twice. Many thanks

showergirl

Hi everyone,

Nassie rang me last night she has received a cheque from A&L for £1267.40.

Just in time for xmas.

Well done Nassie :j:j:j

amersall

showergirl wrote: »

Hi everyone,

Nassie rang me last night she has received a cheque from A&L for £1267.40.

Just in time for xmas.

Well done Nassie :j:j:j

well done to nassie!! good job she has you xx:T:T:beer:

di3004

showergirl wrote: »

Hi everyone,

Nassie rang me last night she has received a cheque from A&L for £1267.40.

Just in time for xmas.

Well done Nassie :j:j:j

Wow, well done to Nassie :beer::T:beer:
And also great work Showergirl :T:T:beer:

Fab news, well done all round and Congratulations.:beer::j:j

di3004

gerryscot wrote: »

Thanks for your help di, :T

I'll keep you posted... :cool:

Your very welcome.;)
We look forward to hearing from you.:beer: