MSE NEWS: 'I avoided debt thanks to £45,000 in PPI reclaims'

Former_MSE_Callum

A self-employed IT consultant who was left without work has avoided getting into debt after reclaiming £45,000 in PPI with the help of MoneySavingExpert.com's free PPI reclaim tool....

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''I avoided debt thanks to £45,000 in PPI reclaims''

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[Deleted User]

I'm sorry but this is just blatant promotion of Resolver.

"Sarah" would have received a £45, 000 refund if she had simply written complaint letters to the PPI providers. She didn't need a third party E-Mail template in order to do this...

IAmWales

A self-employed IT consultant who was left without work has avoided getting into debt

Even taking into account statutory interest, £45,000 in refunds suggests that Sarah had been in a great deal of debt.

In Sarah's case, though, she managed to reclaim PPI without even knowing for sure that she'd had it – except in one case – and without being sure she'd been mis-sold.

Is MSE advocating people making frivolous claims?

[Deleted User]

IAmWales wrote: »

Even taking into account statutory interest, £45,000 in refunds suggests that Sarah had been in a great deal of debt.

Exactly.

Does Resolver really need to be advertised in this manner? Seriously, how is this "news"?

powerful_Rogue

Sooner the deadline arrives so I stop receiving calls everyday the better.

phillw

IAmWales wrote: »

Is MSE advocating people making frivolous claims?

As they say you should include a cheque for £10 for enquiries on closed accounts then maybe they are getting a kickback from the banks?

Ll7322

I have just found out that I have PPI on an M&S personal reserve account which I had for 37 months from feb 1999.
Can anyone tell me if they e had a successful payout and if they’re happy tell me what the numbers looked like so I can roughly work out what might be due please?

[Deleted User]

Ll7322 wrote: »

so I can roughly work out what might be due please?

A successful complaint (if you have one) will result only in the premiums you actually paid being refunded along with 8% simple interest. As such, how much other people may have received is entirely irrelevant.

The time you held the policy for has little bearing either, since there could be long periods when you didn't actually pay any PPI.

Also note that you are not "due" anything. In order for you to be refunded you must show that the policy was mis-sold to you...