PPI Reclaiming successes and failures

alexmatt wrote: »

hi i am new to this site although i have been following the posts for quite a few months!a few months ago i put in a claim for mis sold ppi on a credit card and various loans ive had with hsbc. i recently recieved a letter stating they have denied the allegatiions of mis sold ppi but are prepared to settle the complaint anyway on this occasion. i have been told they are not responding to the individual amounts i have paid but they are paying me back in compensation!does anyone know if compensation is usually a larger amount? im just anxious to know roughly how much i will recieve?i have had ppi since 2006 on my credit card and on average have paid £20 a month ppi. sorry its a stupid question i know but would be grateful for any info or someone may have experienced the same kind of claim as me?!thanks guys

taren wrote: »

Hi all,

• What were you reclaiming: Credit Card
• Who was the provider: MBNA
• How much did you get back: £653.56
• Did you get it back after a letter or did you go to the Financial Ombudsman: Email
• And then write your brief reclaim tale

I've been a lurker on these forums for a while now, started a few years back looking for advice on debts, and had my light bulb moment (LBM) way back then, and if it wasn't for these forums, I really think I could have lost the lot, house, job, etc etc, anyhow back to the reason for me plucking up the courage to make this post. I'm posting to encourage others - to, " do it now and dont ever give up ".

I also started looking at my numerous credit cards and loans over the years, and managed to find a few credit card statements with PPi on them, I have posted out two PPI questionnaires forms to Lloyds and Barclays, still work in progress. Grrrr

But the MBNA as detailed above have said a cheque is on its way, I am well chuffed, I had almost given up on all three, the original email was sent early July and since then I have had a couple of emails back, and then today I recieved a letter stating the below

" Following a review of your complaint I have identified that MBNA acquired your account from HSBC, and that the sale of PPI was made by them prior to MBNA becoming your service provider. When your account was transfered to MBNA new policy terns abd conditions were issued to you and you were given the oppourtunity to cancel your policy, should the new terms and conditions not meet your requirements. However, as a gesture of goodwill, I have arranged a refund of the premiums and associated intrest that have been charged by MBNA since the date of transfer to be made in line with the calculations set out below".

Total PPI Charges £399.55
Total Intrest associated with PPI £93.31
8% amount £160.70
Total £653.56

This credit card went back to 2006, and not sure if many have had success with MBNA hence why I have posted, I would like to give huge thanks to di3004, amersall, the marksman and all the people who post in here, you are all truly wonderful and without your positiveness I would have given up.

Thank you