PPI claims

[steakbake]

A while ago the devil (RBS) wrote to me saying they'd identified that some loans I had in the past had PPI cover and they were wanting to resolve any complaints by 2016.

So I duly completed the forms, noted that bank reps had told me at the time my loan applications stood a better chance of success with PPI included.

Fast forward 6 weeks and I've received a healthy cheque.

Has anyone else had PPI success?

I have another claim in with HBOS which I definitely feel aggrieved about because the same story only this time when I did ask for PPI to pay out cover, it was rejected....on the grounds that I was entitled to Statutory Sick Pay. So a) it was implied I needed it yet b) when I did take it, they told me to do one.

I'm still waiting to hear about that one but they have called me several times, most recently to go through stuff in detail and confirm the dates they had on the system - dont know if thats good news or bad news. I'm awaiting a decision.

Anyway, interested to hear of others who have been successful or not.

For anyone else, you can do this yourself - don't give it to a claims company. Go to http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance all you'll need to know is there...

[lord bunberry]

I also claimed it back without using one of the advertised company's, I did it over the phone it was really easy.

[Future17]

Did my claim myself a few years back. Got about £1,500 from RBS.

[Dav1986]

I wa thinking I may have had it on my loan and credit card although it has been a few years since I took them out I remember being told I needed ppi so I called the bank last week and have a claim in. Playing the waiting game now. Hopefully get something back.

[Corstorphine Hibby]

I wa thinking I may have had it on my loan and credit card although it has been a few years since I took them out I remember being told I needed ppi so I called the bank last week and have a claim in. Playing the waiting game now. Hopefully get something back.

It's worth noting that at my place of work I have experienced a significant number of people in financial difficulty as a result of being made redundant. Most ( I'd say about 90% plus ) could have had help with their lending payments through having PPI but have, unfortunately taken the PPI refund route and are now goosed.

[Future17]

It's worth noting that at my place of work I have experienced a significant number of people in financial difficulty as a result of being made redundant. Most ( I'd say about 90% plus ) could have had help with their lending payments through having PPI but have, unfortunately taken the PPI refund route and are now goosed.

Fair point, although that's only relevant to people who are claiming on current credit policies. People who have long paid off credit cards and loans which had PPI can fill their boots! :greengrin

I suppose those with current commitments have a decision to make based on their own circumstances.

[Andy74]

People have a go at greedy bankers but there are more than a few, and I'm talking about those who who PPI was actually relevant for and those who it actually paid out for, are happy to wade in and receive a big cheque regardless. Outrageous. :greengrin

[Dav1986]

It's worth noting that at my place of work I have experienced a significant number of people in financial difficulty as a result of being made redundant. Most ( I'd say about 90% plus ) could have had help with their lending payments through having PPI but have, unfortunately taken the PPI refund route and are now goosed.

My credit card and loan have both been paid off more than 3 years ago so that isn't really an issue for me (although I'm aware why you are bringing it up)

[steakbake]

People have a go at greedy bankers but there are more than a few, and I'm talking about those who who PPI was actually relevant for and those who it actually paid out for, are happy to wade in and receive a big cheque regardless. Outrageous. :greengrin

Thing is though - if you had PPI and they paid you out on a claim and you've subsequently claimed back PPI, then the Banks need to decide whether that really constitutes mis-selling? If they agree it is, then more fool them!

[Andy74]

Thing is though - if you had PPI and they paid you out on a claim and you've subsequently claimed back PPI, then the Banks need to decide whether that really constitutes mis-selling? If they agree it is, then more fool them!

It's the Regulator driving it though - the banks are just being forced to pay now whether it was right for people or not, and whether they have actually been paid out on it or not.

[Lucius Apuleius]

Thing is though - if you had PPI and they paid you out on a claim and you've subsequently claimed back PPI, then the Banks need to decide whether that really constitutes mis-selling? If they agree it is, then more fool them!

They did for me. 15 grands worth from mortgage PPI. This after I had claimed and received 3 months mortgage payments from them.

[AFKA5814_Hibs]

RBS have just offered me £3835.63 for PPI from 2 Lombard Direct loans I took out in the early 2000's. Simply copied a letter from a website, put my own details in and posted directly to RBS, only had the loan agreement number for one of them, no paperwork at all. :thumbsup:

[Speedy]

I also claimed it back without using one of the advertised company's, I did it over the phone it was really easy.


RBS have just offered me £3835.63 for PPI from 2 Lombard Direct loans I took out in the early 2000's. Simply copied a letter from a website, put my own details in and posted directly to RBS, only had the loan agreement number for one of them, no paperwork at all. :thumbsup:

No offense but it's idiotic to use one of the companies on TV. Half an hour on google will save you hundreds.

[matty_f]

No offense but it's idiotic to use one of the companies on TV. Half an hour on google will save you hundreds.

:agree:

[AFKA5814_Hibs]

No offense but it's idiotic to use one of the companies on TV. Half an hour on google will save you hundreds.

:agree: From what I've read they can take 25-30% commission.

It took me one Sunday afternoon to source the relevant information I needed online and one 1st class stamp to send the letter off to RBS. Result. :greengrin

[Allant1981]

Does it matter if you are no longer with the bank you took the loan from. I got mine from the bank of scotland but im no longer with them

[Treadstone]

Does it matter if you are no longer with the bank you took the loan from. I got mine from the bank of scotland but im no longer with them

Doesn't matter at all.

[AFKA5814_Hibs]

Does it matter if you are no longer with the bank you took the loan from. I got mine from the bank of scotland but im no longer with them

No difference at all. Also doesn't matter how long ago you took the loan out. One of mines was from 1999. The older the PPI claim the more money you'll likely get as they have to pay back 8% interest for every year since you took the PPI out.

[Pedantic_Hibee]

I had loans with bank of Scotland over ten years ago but I have absolutely no account/agreement/reference numbers. What should i do?

[AFKA5814_Hibs]

I had loans with bank of Scotland over ten years ago but I have absolutely no account/agreement/reference numbers. What should i do?

If you have no information at all you can ask for a SAR (Subject Access Request) and the bank have to supply all data they have on you including all loans etc you've had, this might cost you a tenner. There are templates you can find online.

[Dav1986]

Just been offered £1300 for my credit card/loan. Did it all myself and was really easy!

[Hibee87]

Claimed myself about 3 months ago, if anyone is thinking ill not get much back heres what I has:

at 18 got a CC and load in the space of a few weeks. CC max limit 2k loan was for 1.5k

Loan was paid back over 2 year, and CC maxed and paid up in about 4 years. at an overall of 3.5k I thought ill be lucky to get a hundred or 2 back but with it one eye on crimbo thought **** it anythings better than nothing,

My plans today are head into town to cash 2 chques, the CC one - 1011.00 and my loan one 384.00 1300 pound I got for both combined................im allowed a PS4 now :) (came at price, she got her carpert I didn't want)

and none of it skimmed buy a PPI company, well worth it folks, but in think there is a cut off points for claims

[Speedy]

Claimed myself about 3 months ago, if anyone is thinking ill not get much back heres what I has:

at 18 got a CC and load in the space of a few weeks. CC max limit 2k loan was for 1.5k

Loan was paid back over 2 year, and CC maxed and paid up in about 4 years. at an overall of 3.5k I thought ill be lucky to get a hundred or 2 back but with it one eye on crimbo thought **** it anythings better than nothing,

My plans today are head into town to cash 2 chques, the CC one - 1011.00 and my loan one 384.00 1300 pound I got for both combined................im allowed a PS4 now :) (came at price, she got her carpert I didn't want)

and none of it skimmed buy a PPI company, well worth it folks, but in think there is a cut off points for claims

There isn't a cut off points for claims. They probably won't introduce one either as it'll be high profile and cost them more.

Doesn't really matter how far back you had it either but if it's over (I think) 6 years then you may have a bit more hassle as they don't need to retain the paperwork for longer than that.

[Killiehibbie]

I keep getting phone calls from these claims companies telling me i'm entitled to compensation but when I tell them i've already claimed they tell me to say i've never claimed before. What do they have to gain?

[Andy74]

There isn't a cut off points for claims. They probably won't introduce one either as it'll be high profile and cost them more.

Doesn't really matter how far back you had it either but if it's over (I think) 6 years then you may have a bit more hassle as they don't need to retain the paperwork for longer than that.

Yet if they don't have paperwork they can't prove you haven't suffered detriment. That's the regulatory stance and why the banks are just having to pay up.

[Scouse Hibee]

Thought it was to good to be true for me, not as easy as portrayed for my three claims!