PPI Reclaiming successes and failures

di3004

ccb wrote: »

What were you reclaiming: Loan PPI
Who was the provider: Egg
How much did you get back: £3831.80
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 letter

I took out a £10k loan with Egg in 2004, the PPI on which was £2814.50.

I'd thought about claiming back the PPI previously, but didn't truly believe that I could get it back. After reading that Egg had been fined previously for the misselling of PPI, I thought I'd try. I downloaded the template, reworded some minor sections to make it read better, stating simply that they had been fined in the past, and sent the letter by recorded delivery on 26th March.

On the 3rd April, I received a letter from Egg (dated 30th March) that they were going to refund the PPI, plus interest - a total of £3831.80 - within the next 7-10 days.

On the 6th April, I had my money back. I've paid off the balance of the loan (just waitng for their online service to be updated), and have a decent amount left over to go towards other debts.

For the cost of one letter, I've wiped off 40% of my debts and have potentially halved the time it will take to pay them all off.

Hi and welcome.

Absolutely fantastic, well done to you and Congratulations.
:T:beer::T

watermellon_yum

I had a loan through NatWest some 4 years ago and paid it off early.
I still claimed back my PPI saying that I was missold the insurance. I received just one letter from the bank saying that they were investigating my claim. After a few weeks I received a letter saying that they were awarding me almost 3 GRAND.
RESULT, thanks Martin. :money:
Im persuing Northern Rock now, so watch this space.;)

shoe_2

Hi I have telephone to chase up my claim for my PPI for my credit card with Lloyds they said they had sent a offer letter today to offer a amount !! But we shall see !!! Will they take the amount off my outstanding balance ? Or are they allowed to do that ?
Please advise me thanks

robbedofmymoney

yummymummy79 wrote: »

What were you reclaiming: Loan PPI
Who was the provider: Lloyds TSB
How much did you get back: approx £4500 (awaiting payment)
Did you get it back after a letter or did you go to the Financial Ombudsman: Sent only 1 letter.


Very pleased to report another Lloyds TSB success. OH sent the first letter about 4 weeks ago, had to resend it as there had been a glitch in scanning it, but then after about 2 further weeks he had a letter back saying they accepted what he was saying and agreed to pay the amount back, plus 8% interest on each payment and on the total between the date he finished paying and when he signed the letter (yesterday).

Which all in all should add up to about £4500!

well done on getting your money back

:beer::beer::beer::beer:

robbedofmymoney

shoe wrote: »

Hi I have telephone to chase up my claim for my PPI for my credit card with Lloyds they said they had sent a offer letter today to offer a amount !! But we shall see !!! Will they take the amount off my outstanding balance ? Or are they allowed to do that ?
Please advise me thanks

well done on hopefully getting your offer, and :beer::beer::beer::beer:yes they are able to offset the refund against the outstanding balance on your card account.

robbedofmymoney

watermellon_yum wrote: »

I had a loan through NatWest some 4 years ago and paid it off early.
I still claimed back my PPI saying that I was missold the insurance. I received just one letter from the bank saying that they were investigating my claim. After a few weeks I received a letter saying that they were awarding me almost 3 GRAND.
RESULT, thanks Martin. :money:
Im persuing Northern Rock now, so watch this space.;)

fantastic result, well done
:beer::beer::beer::beer::beer:

robbedofmymoney

ccb wrote: »

What were you reclaiming: Loan PPI
Who was the provider: Egg
How much did you get back: £3831.80
Did you get it back after a letter or did you go to the Financial Ombudsman: 1 letter

I took out a £10k loan with Egg in 2004, the PPI on which was £2814.50.

I'd thought about claiming back the PPI previously, but didn't truly believe that I could get it back. After reading that Egg had been fined previously for the misselling of PPI, I thought I'd try. I downloaded the template, reworded some minor sections to make it read better, stating simply that they had been fined in the past, and sent the letter by recorded delivery on 26th March.

On the 3rd April, I received a letter from Egg (dated 30th March) that they were going to refund the PPI, plus interest - a total of £3831.80 - within the next 7-10 days.

On the 6th April, I had my money back. I've paid off the balance of the loan (just waitng for their online service to be updated), and have a decent amount left over to go towards other debts.

For the cost of one letter, I've wiped off 40% of my debts and have potentially halved the time it will take to pay them all off.

well done on getting your money back, its a great result and feeling
:beer::beer::beer::beer::beer::beer:

robbedofmymoney

di3004 wrote: »

Email response from LLoyds in regards of the 2 loan PPI's.....


Hello and thank you for your e-mail sent on the 12th April 2010.

I apologise for the delays in receiving your payments, however, you should hopefully receive the refund amounts shortly. I am unfortunately unable to give you a specific date as to when the refunds will enter your account. I can confirm that both refund letters were sent to you today with a break down of both refund amounts.

I will be contacting our refunds department today to chase the progress of your refund payments.

Thank you for your patience.

Kind Regards,

Lloyds TSB Customer Care.

not long now, :j:j:j

shoe_2

robbedofmymoney wrote: »

well done on hopefully getting your offer, and :beer::beer::beer::beer:yes they are able to offset the refund against the outstanding balance on your card account.

Thought so but thanks for advice

di3004

robbedofmymoney wrote: »

not long now, :j:j:j

LOL, we shall soon see.......:D:j:j, cheers :beer:;)