PPI claims

[Andyhull]

Hi all,

Has anyone had a successful PPI claim?
I have 7 in at the moment and would like to know what to expect from the banks (refusal to pay etc) and how to deal with them!

Thanks

Andy

 

[Moley]

Nope, I seem to get dozens of phone calls and text messages telling me I could be owed thousands of pounds, but I don't know where they get the idea from as I've never taken out PPI on anything, ever.

 

[Hawks]

Nope, I seem to get dozens of phone calls and text messages telling me I could be owed thousands of pounds, but I don't know where they get the idea from as I've never taken out PPI on anything, ever.

Yep - I know that feeling - and if you talk to them they don't believe you

 

[Andyhull]

I have logged the claim myself,
I contacted my banks and i have 5 old loans with it on and 2 old creditcards with it on.
They are "investigating" wether i was miss sold it, i know i was as i have always had full sick pay and at the time of taking the loans out it was never even mentioned that it was on there!

Andy

 

[artyb]

Nope, I seem to get dozens of phone calls and text messages telling me I could be owed thousands of pounds, but I don't know where they get the idea from as I've never taken out PPI on anything, ever.

the point is that you wont know as a lot of banks products had ''charges'' added...

i heard of a guy that got 20k back for using his barclaycard for 20 yrs,he only used it for fuel and a couple of holidays..
mischarges + interest... :shock:

ive got a few claims in ... :thumb:

 

[falafael]

I've had one done wiht gladstone brookes, i ended up getting over £2200 few year back, not bad to say i didnt expect much!
Go for it!

 

[BrotherMalice]

I may have to give it a try, seems like people are getting loads back still

 

[dennisking]

Don't go through the rip off companys. On the Martyn Lewis money saving expert site he has a template you can print off. I got £4500. :party:

 

[joe1002]

Dollowing on from Dennis' post, this should help: http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

 

[graysalchemy]

Many years ago when we bought our first house we had an endowment mortgage. I remember clearly the Financial adviser saying it was the best thing to get and that he had nver know one not to cover the amount that it was meant to. Anyway a few years down the line we got a letter from the bank to say that we would have a short fall of a rather considerable amount.

This was before all the mis-sold pensions and PPI claims. So we complained to the bank and the Financial Ombudsman. The upshot was that we got all our payments back plus all the interest if the money had been put in a bank account. They never admitted that the adviser had given us wrong advice but they did admit that we should not have sold it us as we had said we were cautious investors. ( I remember him writing that in his forms :lol: :lol: )

 

[BigYin]

Mate of mine claimed against a bank and got over £2k out of them - and not a PPI claims company in sight :mrgreen:

http://www.darksnow.co.uk/forum/bar/claiming-ppi-result

good news! getting just over 2K back in PPI compensation soon.

now, here's the good news.....do not bother with those PPI claims companies! its actually a piece of piddle to do yourself.

back at the tail end of the 90's/early 2000's i had a couple of graduate loans. didnt have all the details anymore, so when i decided to look into it, i phoned up my bank's customer service dept. they gave me an address to write to to get any historical info for loans on my account (which hasn't changed in about two decades, so AC number and sort code were the same). i wrote a letter asking for this loan info, giving as much details as possible to help them find the right stuff (approx dates, address(es) at the time, account details, etc) and a few weeks later, got a reply listing the details of both loans including dates, amounts and quantity of PPI paid.

i then wrote a second letter to the bank's own PPI claims dept with this info and stating why i thought i had a case. a few more weeks passed and then got a reply detailing that they were prepared to make an offer refunding the PPI plus interest.

offer accepted and currently being processed.

thats it! so for the cost of a couple of envelopes and stamps and the time it takes to write a couple of letters i'm now 2K up and no other bugger is taking a cut! sure it took a while for the bank to do their bit, but hardly the stressful time consuming process these claims companies make it out to be.

it probably helped the loans were graduate loans from the bank i still use (natwest), but still. its not complicated. also pursuing it with my credit card (egg/barclaycard) and another loan i had from cahoot (now owned by santander). in these cases i have also gone straight to source merely my logging in and using the internal message system to kick things off. will see how that goes, but the credit card one has been confirmed as being under investigation.

happy days!

 

[Andyhull]

Well i have had a responce from the banks yesterday.
A load of questions from them about my financial status back when the loans (etc) were taken out.
Was told at the end of the conversation that i will be written to within 4 weeks!

Fortunately i knew what to say so here's hopeing :pray:

Andy

 

[PD]

daughter had 2 claims in due to her sponging ex partner making her take loans out for him....
The banks paid out £2000 on the small claim within 3 months in the end...The big one they are dragging their feet over, and the claim has been referred to the Ombudsman.
Its a long slog.....

 

[Aleman]

I've got one in with Lloyds, on the basis that Yes I did select to take it out but it was misold on the basis that it was a monthly premium . . . . It actually turned out that it was another loan for the full amount added to the amount I borrowed :twisted: :twisted: .

It'll be interesting to see what happens. I suspect that LLoyds will wriggle out of it, but then 95% of claims that go the the ombudsman from Lloyds are upheld . . plus they just fined Lloyds 42 million for slow 'processing' of claims.

 

[PD]

That's encouraging.... hers is with Lloyds as well....

:pray: :pray: :pray:

 

[Andyhull]

That's encouraging.... hers is with Lloyds as well....

:pray: :pray: :pray:

All 7 of mine are too. :thumb:
5 loans and 2 credit cards.