Lloyds ppi

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Mulberrygirl1234
Mulberrygirl1234 Posts: 23 Forumite
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in Budgeting & bank accounts
HI I PUT IN FOR PPI FOR LOANS and credit cards last year but Lloyds said they couldn't find anything even though I provided card numbers.
so I tried again 6 weeks ago and had a phone call about the credit cards.
I had a limit of £7k and was up to its limit at the time.
they said I should receive a letter by the 4th of january.
does anyone have any idea how much I should receive?
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  • Edi81
    Edi81 Posts: 1,444 Forumite
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    Why do you think you were missold PPI?

    You don’t just claim anything.
  • Mulberrygirl1234
    Mulberrygirl1234 Posts: 23 Forumite
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    Thanks for your response. Isn’t really relevant to the question I was asking however :money:
  • agrinnall
    agrinnall Posts: 23,344 Forumite
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    It'll be somewhere between £0 and £12,384,726.47. Ask a stupid question, get a stupid answer.
  • StokieBecks
    StokieBecks Posts: 4,997 Forumite
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    Depends how much ppi you paid and it is totally relevant what Edi81 asks you as if they do not think you were misold (ie you were totally aware you were paying ppi and chose to do so) then you will not get a positive outcome.

    Also is the account now cleared? This can affect if you are due any payment as if there is still anything owed on the card any redress will go to clearing the balance first.

    There are so many possible outcomes so with anything like this it is best to expect nothing back then if you do get anything it is a bonus. No claim is guaranteed a return
    £2 Savers Club for 2022 #12
  • Mulberrygirl1234
    Mulberrygirl1234 Posts: 23 Forumite
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    Friendly bunch. :D
  • societys_child
    societys_child Posts: 7,110 Forumite
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    :rotfl:No one here can even guess, because no one here has clue how much ppi you paid, when you paid it, over how long, how long ago . .
    If your complaint is upheld, you'd receive the sum paid, plus interest (8% simple)
  • antrobus
    antrobus Posts: 17,386 Forumite
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    Mulberrygirl1234 wrote: »
    HI I PUT IN FOR PPI FOR LOANS and credit cards last year but Lloyds said they couldn't find anything even though I provided card numbers.
    so I tried again 6 weeks ago and had a phone call about the credit cards.

    I had a limit of £7k and was up to its limit at the time.
    they said I should receive a letter by the 4th of january.
    does anyone have any idea how much I should receive?

    Best guess £0.

    You only get to make one PPI complaint. You made one "last year" and it was rejected. Normally, any repeat complaint will produce the same result.

    What was said during that phone call that leads you to believe otherwise?
  • Farmer_Johnson
    Farmer_Johnson Posts: 124 Forumite
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    Mulberrygirl1234 wrote: »
    HI I PUT IN FOR PPI FOR LOANS and credit cards last year but Lloyds said they couldn't find anything even though I provided card numbers.
    so I tried again 6 weeks ago and had a phone call about the credit cards.
    I had a limit of £7k and was up to its limit at the time.
    they said I should receive a letter by the 4th of january.
    does anyone have any idea how much I should receive?

    I’d say zero.
  • Mulberrygirl1234
    Mulberrygirl1234 Posts: 23 Forumite
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    why would you say zero?
  • Nasqueron
    Nasqueron Posts: 8,818 Forumite
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    IF you had PPI
    IF they agree you were miss-sold
    IF they have any records proving you paid it


    Then you get a refund of the payments you made, plus 8% simple interest and any associated interest that you paid on the PPI premiums. PPI was typically around 70-80p per £100 of debt
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