PPI Reclaiming successes and failures

wilsondean05

£2500 reclaimed from the HSBC within 6 weeks.

I downloaded a template letter from the Money saving expert website and amended the information to match my own.

I got a couple of letters saying they were looking into it then I recieved a letter saying that they did not accept that my 'allegations' were true, but they would pay out £2500, but because they were paying out they would not investigate the individual claims ( basically I was told I would prob be declined for a loan if I didn't take out the PPI & I'm asmatic so couldn't have claimed anyway ).

Why would they pay out if they didn'y believe the what I was saying was true !! Tut tut.

I got all my prems back and also 8% interest. Thanks Martin ( & the rest of the team ). Now to go after Littlewoods : )

di3004

wilsondean05 wrote: »

£2500 reclaimed from the HSBC within 6 weeks.

I downloaded a template letter from the Money saving expert website and amended the information to match my own.

I got a couple of letters saying they were looking into it then I recieved a letter saying that they did not accept that my 'allegations' were true, but they would pay out £2500, but because they were paying out they would not investigate the individual claims ( basically I was told I would prob be declined for a loan if I didn't take out the PPI & I'm asmatic so couldn't have claimed anyway ).

Why would they pay out if they didn'y believe the what I was saying was true !! Tut tut.

I got all my prems back and also 8% interest. Thanks Martin ( & the rest of the team ). Now to go after Littlewoods : )

Hi and welcome
Fantastic, Congratulations :beer::T:beer:

Good luck with Littlewoods too.:)

Makela2009

Hi all,
MBNA Credit card!
£1400
A few letters comencing December 30th 2009 - present date! No Ombudsmen involvement.
I took out a credit card with MBNA a few years ago (1998), and vaguely remember a telephone conversation about possible credit limit (which they couldn't tell me) and payment protection cover prior to completing the forms. However, this is only a vaque memory and I had no dates, times or names. I decided to try and claim anyway as I was sure the lady at MBNA had told me to tick the boxes on the form. I didn't really expect to get much out of this, especially after their first rejection letter, however I stuck at it. I sent them a letter stating that I wasn't happy with their response and I felt they had taken advantage of my obvious financial naivety! It seems to have done the trick, I got an offer letter ( a goodwill gesture) for £1400 which I am going to accept.
The total premiums were more than that, but as this was a direct mail application and there was no sales person present I think I've done quite well out of it!!
My advice to everyone is DON'T GIVE UP!:)

di3004

Makela2009 wrote: »

Hi all,
MBNA Credit card!
£1400
A few letters comencing December 30th 2009 - present date! No Ombudsmen involvement.
I took out a credit card with MBNA a few years ago (1998), and vaguely remember a telephone conversation about possible credit limit (which they couldn't tell me) and payment protection cover prior to completing the forms. However, this is only a vaque memory and I had no dates, times or names. I decided to try and claim anyway as I was sure the lady at MBNA had told me to tick the boxes on the form. I didn't really expect to get much out of this, especially after their first rejection letter, however I stuck at it. I sent them a letter stating that I wasn't happy with their response and I felt they had taken advantage of my obvious financial naivety! It seems to have done the trick, I got an offer letter ( a goodwill gesture) for £1400 which I am going to accept.
The total premiums were more than that, but as this was a direct mail application and there was no sales person present I think I've done quite well out of it!!
My advice to everyone is DON'T GIVE UP!:)

Wonderful :T:T
Congratulations to you, well done !:beer:

madelinex

My friend took out a loan with LVE or Frizell in 2002 which was settled in 2004. During that period she paid £1914 in PPI with additional amount of £512 in interest.

We wrote to them on 3 February and received a letter on 26 February offering her a refund of full amount plus interest at 8% totalling £956. A grand total of £3409. :rotfl:We used the template letter with some adjustments.

Our fight continues though, because the LVE loan was settled with another from GE Capital who added more than £4000 on PPI and are refusing to look at her complaint because it was taken out more than 6 years ago. Seems strange that LVE can sort matters out for something that was done 8 years ago and was settled whereas GE Capital cant when it was 6 years and a couple of months and the loan is still in place.

di3004

madelinex wrote: »

My friend took out a loan with LVE or Frizell in 2002 which was settled in 2004. During that period she paid £1914 in PPI with additional amount of £512 in interest.

We wrote to them on 3 February and received a letter on 26 February offering her a refund of full amount plus interest at 8% totalling £956. A grand total of £3409. :rotfl:We used the template letter with some adjustments.

Our fight continues though, because the LVE loan was settled with another from GE Capital who added more than £4000 on PPI and are refusing to look at her complaint because it was taken out more than 6 years ago. Seems strange that LVE can sort matters out for something that was done 8 years ago and was settled whereas GE Capital cant when it was 6 years and a couple of months and the loan is still in place.

Hi there, and Congratulations.:beer:

I think LV were governed/covered by GISC, the FSA taken over in Jan 2005, and GE was not.


I had won a case by LV as well, it only taken about 3-4 weeks and that was with being paid out, so luckily though no quabbles and everything run smoothly for us with this one, but we were not under GE.

I would contact the Financial ombudsman service (FOS), explain the situation, and ask about the insurer instead, many of us have gone this direction, where they would to what I know of been covered by those above regulators.
So do give them a ring and ask about this first and see what they have to say, good luck.
http://www.financial-ombudsman.org.uk/contact/index.html
Its another direction if all else fails.;)

amersall

MORNING ALL, NEWBIES PLEEEEEEZE READ
http://www.bbc.co.uk/wales/x-ray/sites/allarticles/updates/091005_credit_management.shtml
http://news.bbc.co.uk/1/hi/programmes/moneybox/8538925.stm

chuffedy

Hi

Just wanted to let everyone know that we've finally had an offer through from Lloyds. These were loans from well over 6 years ago!!!

We had to be on their case the whole time & it has taken since last July to get this far but we have just accepted an offer of £3337 as a refund including interest!!! so pleased.

I am now going to go after Nationwide, does anyone know what the success rate is with them. The paperwork is fairly conclusive & states about the PPI on it, however it was sold up front with added interest (which I thought they weren't allowed to do?) & we were given no option- it was implied we wouldn;t get the loan if we didn;t take it. Any thoughts???

di3004

chuffedy wrote: »

Hi

Just wanted to let everyone know that we've finally had an offer through from Lloyds. These were loans from well over 6 years ago!!!

We had to be on their case the whole time & it has taken since last July to get this far but we have just accepted an offer of £3337 as a refund including interest!!! so pleased.

I am now going to go after Nationwide, does anyone know what the success rate is with them. The paperwork is fairly conclusive & states about the PPI on it, however it was sold up front with added interest (which I thought they weren't allowed to do?) & we were given no option- it was implied we wouldn;t get the loan if we didn;t take it. Any thoughts???

Brilliant, well done and Congratulations on your LLoyds Reclaim.
:beer::T:beer:

I have no experience with Nationwide, but you do have a good case, so good luck with this and maybe someone who have had dealings with these will post up of their experience of these, fingers crossed.

muffinshep

Hi and help please.

So many thanks to all of your emails and information. I have successfully got £11K back from HFC after they would not uphold but the FOS did. However on another HFC account they refunded PPI + 8% interest as "goodwill".
No mention was made that could go to FOS and no compund interest paid.

Having seen how much was refunded on a smaller loan should I go back after them for the compund interest.

I'm not greedy but after the hassle feel that have been shortchanged by HFC.

Thanks.