PPI Reclaiming successes and failures

di3004

My hubby's first cheque payment arrived in today's post of £712, a further £100 distress payment cheque should arrive before the middle of next week.:j
This one is the Credit Card PPI taken out in 2001, settled in full in 2003, he tried to make a claim but was not eligible. (Lloyds TSB) This one resolved by the FOS, which had been with them since 2008.

Now just waiting for the remainder of a few loan PPI's, 2 of those should be paid out over the next week or so and there is one LLoyds are still dealing with, as this one did not go in until more recently.

The 2 loan PPI's were upheld in our favour directly with LLoyds and to be refunded and calculated like how the FOS calculates.:beer:

smitchy73

Well done Di, you deserve it for all the help you give. Hope the others come soon, and remember, don't spend it all in the one shop!! hehe

di3004

smitchy73 wrote: »

Well done Di, you deserve it for all the help you give. Hope the others come soon, and remember, don't spend it all in the one shop!! hehe

Than you honey.:A:beer: LOL, I can maybe have that nice carpet I'm after Tee hee hee.:j:T, cheers. X:beer:

robbedofmymoney

mikecplanes wrote: »

had a loan from AA Finance some 5/6 years ago and was unaware of ppi at the time and as it was on phone it was done in a jiffy with minimal advice.Saw your site and checked out the policy and claimed for refund
initial return letter very quick from RBS followed by letter of advice
of amount -£4580-very surpried at th speed of claim

well done on getting your money back
:beer::beer::beer:

robbedofmymoney

di3004 wrote: »

My hubby's first cheque payment arrived in today's post of £712, a further £100 distress payment cheque should arrive before the middle of next week.:j
This one is the Credit Card PPI taken out in 2001, settled in full in 2003, he tried to make a claim but was not eligible. (Lloyds TSB) This one resolved by the FOS, which had been with them since 2008.

Now just waiting for the remainder of a few loan PPI's, 2 of those should be paid out over the next week or so and there is one LLoyds are still dealing with, as this one did not go in until more recently.

The 2 loan PPI's were upheld in our favour directly with LLoyds and to be refunded and calculated like how the FOS calculates.:beer:

at long last the money is coming through,
well done on getting it back
:beer::beer::beer::beer::beer::beer::beer:

robbedofmymoney

allyw wrote: »

Hi,
After sending the letter template to MBNA to reclaim PPI on a credit card they offered £3375 after an initial offer of £2900. I had been behind with payments and had set up a payment plan whch I have stuck to. They have said they will knock the £3375 off my balance, which will near wipe the debt out. Do I have to accept this? I dont want to seem greedy but it would go a long way to helping out my husband's business at the minute!

Thanks in advance for any advice given
allyw:)

well done on getting an offer of a refund, its a lot of money:beer::beer::beer::beer:

Leanna86

Over £2,500 reclaimed!!!

I took out a personal loan with LLoyds TSB in 2006 for £10,000 they were quite pushy with selling me the loan protection and I told them I didn't really want it and they ensured me I did. This added a further £4,000 on my loan and with interest of 6.9% on the full balance added around £1-1.5k onto my loan!

I wrote 1 letter telling them this was mis-sold and within 4 days I had a response letter telling me they agreed and said they would refund me the PPI I have already paid (£60 per month for 2 years) which was £1,440 as well as compensation of 8% of the entire cost of the loan which was 14k so that works out £1,120 all in all £2,560!

Also I was able to cancel my PPI without having to get another loan out! And because I have never missed a payment I will be getting the money as a lump sump rather than having it offset against my loan

On top of this I save £60 per month because I am not paying for PPI!

I couldn't be happier! Thank you Money Savings Expert I am just waiting for the money now

di3004

robbedofmymoney wrote: »

at long last the money is coming through,
well done on getting it back
:beer::beer::beer::beer::beer::beer::beer:

Thank you so much :beer::beer::beer::beer:, fingers crossed with all yours as well.:beer::beer:;)

di3004

Leanna86 wrote: »

Over £2,500 reclaimed!!!

I took out a personal loan with LLoyds TSB in 2006 for £10,000 they were quite pushy with selling me the loan protection and I told them I didn't really want it and they ensured me I did. This added a further £4,000 on my loan and with interest of 6.9% on the full balance added around £1-1.5k onto my loan!

I wrote 1 letter telling them this was mis-sold and within 4 days I had a response letter telling me they agreed and said they would refund me the PPI I have already paid (£60 per month for 2 years) which was £1,440 as well as compensation of 8% of the entire cost of the loan which was 14k so that works out £1,120 all in all £2,560!

Also I was able to cancel my PPI without having to get another loan out! And because I have never missed a payment I will be getting the money as a lump sump rather than having it offset against my loan

On top of this I save £60 per month because I am not paying for PPI!

I couldn't be happier! Thank you Money Savings Expert I am just waiting for the money now

Absolutely brilliant, this is CLASS in just 4 days :T:T
Well done to you and Many Congratulations.:beer::beer:

allyw

robbedofmymoney wrote: »

well done on getting an offer of a refund, its a lot of money:beer::beer::beer::beer:

Thanks Rob!
Like I said I dont want to seem greedy. I was missold the PPI due to a pre-exsisting medical condition that I didnt even need to prove with a doctor's note. However this condition has worsened over the last few years so I am working part time ( the bare minimum that I can cope with) and we have now got 3 kids under 6 so I will ask on Monday if they will refund directly to me. But if they dont its better that a slap in the face! I am now looking at all the other credit and store cards we have worked hard to pay off in the last few years. Will keep you up-to-date with any news!
allyw:)