Finally Debt Free After 34 Years, But Still Need to Live Frugally

MadamMim2013

HairyHandofDartmoor wrote: »

I'd vote for a common sense party .

Ooh me too.. I am under the impression lately though that Common Sense has been banned! :eek::rotfl:

HairyHandofDartmoor

I feel very unconfident that we'll get any PPI back, but as DH says it's like fishing so you never know. It's done now anyway. Although before the deadline I'm going to declutter our void just in case there's any old paperwork lurking in there .

Today is my food shop. I have a £60 budget as usual. We're still cooking using the hob and the microwave, but seem to be coping quite well. I microwaved some Linda M sausages, baked potato and baked beans for me last night (haute cuisine ) and DH fried some meat sausages for everyone else (I won't fry meat, it splashes everywhere :eek:) with baked potatoes.

It's been hailing in the night, or sleeting, so everywhere looks white, most unusual for where I live .

Have a good Wednesday everyone .

HairyHandofDartmoor

MadamMim2013 wrote: »

Ooh me too.. I am under the impression lately though that Common Sense has been banned! :eek::rotfl:

Common sense is either banned or a very endangered species :rotfl:.

[Deleted User]

HairyHandofDartmoor wrote: »

We lack paperwork too for many of our claims. Without paperwork we're relying on the banks to be honest aren't we? How likely is that do you think?

'Sorry I've been AWOL from your diary for over a day, HH, and I've come back to find pages of posts, all really interesting, useful and fun too. No time to reply to many at the moment, busy day planned here:(, but just wanted to respond to your question.


I think these days the banks are having to be much more open and accountable. Lots of new regs to keep them on their toes:j

I submitted my claims before Martin put the Resolver site on MSE and had to deal directly with banks etc. I had very little paperwork, none in a couple of cases, but they investigated thoroughly and all the ones I submitted (very few actually because I rarely took out PPI as I was fully covered by employers' sick pay) were upheld.


The only snag will be if they were really old policies as banks etc don't necessarily keep paperwork or records forever. One of my storecards was upheld but because they had no details of the amount of the premiums I paid as the records no longer existed they could only award me an 'average' amount. Suited me, I wasn't expecting anything at all. I thought they were being very fair giving me anything.


I'm full of admiration for all your diligence in finding paperwork and submitting so many claims:A. Something good is sure to happen, I just know it:beer:

redofromstart

I think I need to dereigster for VAT too, I'm certainly not buying software for the privilege of collecting and bank rolling their debts. Be warned though (unless you get your accountant to do it!) that doing it online didn't work for me, it didn't give me a reference number and wasn't processed as a result, so make sure you get a reference number or it hasn't gone through. Allegedly takes 4 weeks or so to process but I can see a lot of business deregistering shortly. It used to generate a little profit if you were in the flat rate scheme, but if you only sell services and don't buy much then It is just unpaid admin which is why I was opting out when our turnover dropped. Need to submit mine next week and then try and dereigster again.

HairyHandofDartmoor

carbootcrazy wrote: »

'Sorry I've been AWOL from your diary for over a day, HH, and I've come back to find pages of posts, all really interesting, useful and fun too. No time to reply to many at the moment, busy day planned here:(, but just wanted to respond to your question.


I think these days the banks are having to be much more open and accountable. Lots of new regs to keep them on their toes:j

I submitted my claims before Martin put the Resolver site on MSE and had to deal directly with banks etc. I had very little paperwork, none in a couple of cases, but they investigated thoroughly and all the ones I submitted (very few actually because I rarely took out PPI as I was fully covered by employers' sick pay) were upheld.


The only snag will be if they were really old policies as banks etc don't necessarily keep paperwork or records forever. One of my storecards was upheld but because they had no details of the amount of the premiums I paid as the records no longer existed they could only award me an 'average' amount. Suited me, I wasn't expecting anything at all. I thought they were being very fair giving me anything.


I'm full of admiration for all your diligence in finding paperwork and submitting so many claims:A. Something good is sure to happen, I just know it:beer:

Thank you Carboot that's very interesting . All of our policies are more than six years old so the banks may not have any paperwork or details of what we paid. I didn't know they could award an 'average' amount though. We'll just have to wait and see what happens. Thanks for that info .

HairyHandofDartmoor

redofromstart wrote: »

I think I need to dereigster for VAT too, I'm certainly not buying software for the privilege of collecting and bank rolling their debts. Be warned though (unless you get your accountant to do it!) that doing it online didn't work for me, it didn't give me a reference number and wasn't processed as a result, so make sure you get a reference number or it hasn't gone through. Allegedly takes 4 weeks or so to process but I can see a lot of business deregistering shortly. It used to generate a little profit if you were in the flat rate scheme, but if you only sell services and don't buy much then It is just unpaid admin which is why I was opting out when our turnover dropped. Need to submit mine next week and then try and dereigster again.

I think we may ask our accountants to de-register us, although we'll have to ask how much they'd charge for it first :eek:. We only sell services and don't buy much so as you say it's unpaid admin for us :mad:.

DH wants to de-register at our year end which is the end of March. So we should tell the accountant that straight away I think, in case they need to take steps now to start processing our de-registration. Why is it all so complicated? :mad:.

Good luck with your de-registration Redo, let me know how you get on .

[Deleted User]

HairyHandofDartmoor wrote: »

Thank you Carboot that's very interesting . All of our policies are more than six years old so the banks may not have any paperwork or details of what we paid. I didn't know they could award an 'average' amount though. We'll just have to wait and see what happens. Thanks for that info .

I think they need to be really old to have had the details 'wiped'. The one I mentioned dated from 1992:eek:

I actually had PPI on the account in question, they knew that much, but they had no records of how much I owed, paid and used the account over the years I had it (it was a storecard). I think they just worked out an average amount based on the age of the card and the credit limit as they couldn't work out the exact amount I'd spent on it over the years. The PPI premiums that were charged to users were, I think, a percentage based on the outstanding balance on the account each month.


Did you see The Martin Lewis Money Show on ITV on Monday evening? He mentioned PPI but only in relation to being able to claim PPI on a deceased person's policy. He also said that he'll be doing a lot more on PPI in another programme in few weeks time:j. I know you're an 'old hand' at it now but there might be something useful. I'll definitely be watching even though I think I've claimed all I can:(

beanielou

I want to try to find out if I can claim on a joint PPI policy from an old mortgage. Have no clue.

HairyHandofDartmoor

carbootcrazy wrote: »

I think they need to be really old to have had the details 'wiped'. The one I mentioned dated from 1992:eek:

I actually had PPI on the account in question, they knew that much, but they had no records of how much I owed, paid and used the account over the years I had it (it was a storecard). I think they just worked out an average amount based on the age of the card and the credit limit as they couldn't work out the exact amount I'd spent on it over the years. The PPI premiums that were charged to users were, I think, a percentage based on the outstanding balance on the account each month.


Did you see The Martin Lewis Money Show on ITV on Monday evening? He mentioned PPI but only in relation to being able to claim PPI on a deceased person's policy. He also said that he'll be doing a lot more on PPI in another programme in few weeks time:j. I know you're an 'old hand' at it now but there might be something useful. I'll definitely be watching even though I think I've claimed all I can:(

You're making me feel a bit more hopeful now Carboot . Although I am trying not to get my hopes up so I'm not disappointed . I will definitely watch Martin's programme as I feel I'm far from an expert, more of a chancer :rotfl:.