PPI Reclaiming discussion Part II

aligerdie

Thank you so much for replying, my overdraft is now with a dca and I no longer have an account with barclays. It wasn't the hugest charge every month, but over a period of a few years, we're talking quite an amount of money, something which I don't seem to have anymore!!

I'm not going to be able to get to the bank, DS1 has seen to that with his teeth, so I shall be writing a letter and sending it recorded.

Does anyone know where it needs to be sent?

Questions questions....:D

marshallka

marshallka wrote: »

Its a case of hi.ho. hi. ho its off to FOS we go i am afraid. Already got a ref number last week so going to download the form and get it filled in.

Downloaded, filled in and awaiting signature of my husband. Lets hope its real quick (yeah right...;) )

chartreuse_2

tiggrae wrote: »

hi the 8% is statutory interest - the amount a court would allow as you've been unlawfully deprived of money. It's calculated on a daily rate basis against each monthly premium paid - the easiest way to calculate how much is due is to take the PPI monthly premium and feed it into the bank charges calculator on the bank charges forum- it'll work it all out for you. As it was 6 years ago this amount will be quite substantial - the older the premium the more interest is applicable

Thanks again, tiggrae! As I don't have the exact figures to hand right now, I took the amount offered, divided it by the number of months and plugged that figure per month into the calculator. As you said, it's not a small amount - almost half again what's been offered!

I think I'll write back, without prejudice, offering to settle the oldest one for what they've offered plus statutory interest, saying that they will, of course, wish to work out the precise figure (but my rough calculations give a figure in the region of £X).

I'll also invite them to reconsider their decision on the other two, prior to me referring the matter to the FoS.

Does giving them 7 days for a final-final response seem fair - or, indeed, sensible?

Laini

marshallka wrote: »

Its a case of hi.ho. hi. ho its off to FOS we go i am afraid. Already got a ref number last week so going to download the form and get it filled in.

go get em Karen
I think the FOS will have a filing cabinet for each of us when we are finished
hope you are ok. cant believe about your letter to GIB.
ask the queen to drop it off on her rounds or ifs shes passing - PMSL

Laini

marshallka wrote: »

Hiya Laini, no news yet then on the one that went back to FOS. Should be soon shouldn't it. Have they updated you on it???

I have not had ANY post today from anywhere. I am sure our postman delivers when he wants. None saturday, some monday, none today. Should get both Tuesday and Wednesdays tomorrow then i thinks....;)

At least your postie doesnt nick your post PMSL
still no news from the ombudsman so not sure how to play this now maybe just have to wait and ask for an update at the end of the month.
thanks for asking
LAINI X:j

marshallka

Laini wrote: »

go get em Karen
I think the FOS will have a filing cabinet for each of us when we are finished
hope you are ok. cant believe about your letter to GIB.
ask the queen to drop it off on her rounds or ifs shes passing - PMSL

Thanks for the support Laini, I have pm'd you x

Laini

marshallka wrote: »

Thanks for the support Laini, I have pm'd you x

I think ypur pm has gone via royal mail - not recieved it yet
Laini x

marshallka

Laini wrote: »

At least your postie doesnt nick your post PMSL
still no news from the ombudsman so not sure how to play this now maybe just have to wait and ask for an update at the end of the month.
thanks for asking
LAINI X:j

I would have to ring them. I am impatient you see. God knows what i am going to be like with my co-op one. To me its cuts and dried. They owe me money and that is that.

marshallka

Laini wrote: »

I think ypur pm has gone via royal mail - not recieved it yet
Laini x

Sent it by pigeon post now.

Laini

marshallka wrote: »

Sent it by pigeon post now.

got it!
Laini x