Fairytale
Well-Known Member
Anyone done it? Successfully? How?
F
F
Claiming back mis-sold PPI....
- Thread starter Fairytale
- Start date
AprilBlossom
Well-Known Member
No help but be interested to read responses as just had a credit card statement showing have spent £300 on PPI last year!! :O
welsh1704
Member
Yes just got five grand back. Ring up you loan company and ask them what to do. I just had to log a complaint over the phone four weeks later i had a cheque. I had ppi on my mortgage. Do not go through a company do it yourself xxxx
becca1305
Well-Known Member
this popped up on an advert randomly recently and for some obscure reason my brain remembered it, wish it was this good with useful stuff!. http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
hope it helps a bit. Ive no idea, never taken a loan so don't know anything about it.
hope it helps a bit. Ive no idea, never taken a loan so don't know anything about it.
Carefreegirl
Well-Known Member
How far can you go back as well ? (sorry Fairytale for adding my own question )
)
SS.89
Well-Known Member
Please DO NOT go through a private company as they charge you a fee which is non refundable, I've seen in some instances this to be just under £700 !! Working for a bank I see cases of it every day where we have no way of getting that charge back. But your bank or loan company are the ones to go to as previous poster stated they just need to log it as a complaint and they investigate it.
SS x
as previous poster stated they just need to log it as a complaint and they investigate it.SS x
biccie1
Well-Known Member
I could type a very long reply, but it's a lot easier if I just give you the link!
http://financial-ombudsman.org.uk/publications/technical_notes/ppi.html
All details are on there. You do not need a claims management company (if you win they will take a percentage of your redress and research shows it does not increase your chances of winning, whatever they say). Go directly to your credit provider, and if no joy you can take it to the Financial Ombudsman Service.
Make your complaint personal to you. Standard letters from websites are a good starting point but don't leave in complaint points that are irrelevant (such as referring to a loan when you had PPI on a credit card) as it makes the complaint handler wonder what else you have said is incorrect.
http://financial-ombudsman.org.uk/publications/technical_notes/ppi.html
All details are on there. You do not need a claims management company (if you win they will take a percentage of your redress and research shows it does not increase your chances of winning, whatever they say). Go directly to your credit provider, and if no joy you can take it to the Financial Ombudsman Service.
Make your complaint personal to you. Standard letters from websites are a good starting point but don't leave in complaint points that are irrelevant (such as referring to a loan when you had PPI on a credit card) as it makes the complaint handler wonder what else you have said is incorrect.
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Fidgety
Well-Known Member
Both hubby and I did (two different banks).
Hubby's wrote to him admitting that they'd 'probably' mis-sold PPI and for him to fill in the forms and send them back, and for mine I simply went onto the banks own website, followed the links, downloaded the forms and sent them off. All relatively straight forwards and painless and no more difficult than applying for the loan in the first place. Don't use a claims company, they will take around 25% of whatever your claim is for doing nothing more than you're capable of doing yourself.
Hubby's wrote to him admitting that they'd 'probably' mis-sold PPI and for him to fill in the forms and send them back, and for mine I simply went onto the banks own website, followed the links, downloaded the forms and sent them off. All relatively straight forwards and painless and no more difficult than applying for the loan in the first place
. Don't use a claims company, they will take around 25% of whatever your claim is for doing nothing more than you're capable of doing yourself.
SS.89
Well-Known Member
How far can you go back as well ? (sorry Fairytale for adding my own question
Banks keep records up to 6 years. If its an account older than this you would need to go to the ombudsman.
SS x
thatsmygirl
Well-Known Member
I'm waiting for mine, I rung Lloyds up and they are dealing with it.
I spoke to a " no win no fee" but they take around 30% fee plus be careful as if you have a current loan and they get the ppi taken off it which they will.... You will get a bill for the % off ppi that they have saved you. Def go through who u took the loan out with
I spoke to a " no win no fee" but they take around 30% fee plus be careful as if you have a current loan and they get the ppi taken off it which they will.... You will get a bill for the % off ppi that they have saved you. Def go through who u took the loan out with
cathy rd
Well-Known Member
Yes! got £3,000 after just 1 letter and form filled in; double what the mis-sold insurance cost me.
Use the Money Saving Expert.com template - they are brilliant.
Avoid crappy claims companies, you don't need 'em!
Good luck!
Use the Money Saving Expert.com template - they are brilliant.
Avoid crappy claims companies, you don't need 'em!
Good luck!
Sameru
Well-Known Member
No but I think I am about to from reading this -HELP
jellybean55
Well-Known Member
I got back just under 5k. Wasn't even going to bother because I thought it would be too much hassle but glad I did!
I just printed off the online form through Lloyds website, said I was told I couldn't take a loan without PPI, received a letter saying it would take 12 weeks to look into. Once I had confirmation of what I was owed, the money was put into my account within about 3 weeks just in time to buy a new kitchen in the sales
As others have said, make sure you go directly to whoever sold you the product, don't go through a 3rd party!
I just printed off the online form through Lloyds website, said I was told I couldn't take a loan without PPI, received a letter saying it would take 12 weeks to look into. Once I had confirmation of what I was owed, the money was put into my account within about 3 weeks
just in time to buy a new kitchen in the sales As others have said, make sure you go directly to whoever sold you the product, don't go through a 3rd party!
birchave0
Well-Known Member
the 6 year rule relates to when you discovered you had reason to complain, i.e realised the the insurance had been miss sold, nothing to do with the age of the policy/loan/credit card
I've had PPI refunded on more than 5 occasions in the last 4 years, on both loans and credit cards.
As others have said do it yourself, DO NOT employ any kind of claims company!
However it is not always simple, it took over 3 years to get 3k back from lloyds TSB.......
Good luck and if you need any help just drop me a PM
I've had PPI refunded on more than 5 occasions in the last 4 years, on both loans and credit cards.
As others have said do it yourself, DO NOT employ any kind of claims company!
However it is not always simple, it took over 3 years to get 3k back from lloyds TSB.......
Good luck and if you need any help just drop me a PM
mulledwhine
Well-Known Member
Yep just got £8000, went into my bank they gave me the number , rang it, they did every thing else, 6 weeks later the money was in my account.
Don't go through ppi companies, it takes minutes to do it yourself .
Good luck
Don't go through ppi companies, it takes minutes to do it yourself .
Good luck
Hippona
Well-Known Member
Just had an offer back...
Went directly to the bank...didn't have all the details of old loans etc so they gave me an address to write to to get the info ( free) and once I had that I sent in the form from the bank web-site.
Its only been 6 weeks from sending the stuff off to getting my letter - I have to sign and send it back and apparantly it just arrives in my current account.
Went directly to the bank...didn't have all the details of old loans etc so they gave me an address to write to to get the info ( free) and once I had that I sent in the form from the bank web-site.
Its only been 6 weeks from sending the stuff off to getting my letter - I have to sign and send it back and apparantly it just arrives in my current account.
ROG
Well-Known Member
Got forms off internet to send to banks to get details as we had none - shredded after loans paid offAnyone done it? Successfully? How?
F
Sent forms to banks to obtain account numbers and loan details
Used different forms off internet to apply for PPI repayment
Deleted non relevent parts of form befor sending as the forms give various options
Banks paid back all PPI within 6 weeks
cost = a few stamps
Fairytale
Well-Known Member
Golly, great response, thanks folks!
Actually did go onto the bank website, found the question, found the form from the Ombudsman, filled it in and sent it off!
Now lets wait and see eh?! This could be next winter's haylage all being well
F
Actually did go onto the bank website, found the question, found the form from the Ombudsman, filled it in and sent it off!
Now lets wait and see eh?! This could be next winter's haylage all being well
F
Sameru
Well-Known Member
Out of interest - who were the companies paying out?
Ta
Ta
Hippona
Well-Known Member
Natwest for me. Its a substantial amount....and some of the policies went back to 1996 so I'm well impressed actually.
Skyebald
Well-Known Member
That has given me some hope, I'm with Natwest and I know I took out a loan and they made me take the PPI or wouldn't allow me to have the loan but goes way back to 1993 cos I remember it was for my first ever brand new L reg car !!! Might give it a go and see what happens
Hippona
Well-Known Member
You've got nothing to lose...I applied thinking I would get nothing.....I never get anything -ever....so I am well chuffed TBH
Fairytale
Well-Known Member
Anyone tried with HSBC?
tinap
Well-Known Member
Yes just got £3600 back off a Lloyds tsb credit card. I just rang Lloyds ppi cclaim number, gave them my card number & they did the rest. In my bank account in 10 weeks
tinap
Well-Known Member
Oh & the card was from 12yrs ago & I'd cancelled the ppi 5yrs ago ish
Red30563
Well-Known Member
We've been battling for about 2 years to reclaim PPI that was missold on a business loan. We started out following the procedure with the help of template letters from Money Saving Expert site.
The only response we've had is the bank saying that they have no record of us! We have sent them the proof - the letters from the time we took the loan out, the loan agreement etc - time and again.
The case is now with the Ombudsman - but all we have had from them over the last 6 months are letters saying they are overwhelmed with cases and that it will take some time to get to ours.
We reckon we are owed about £2000 and it's money my company could really do with right now!
The only response we've had is the bank saying that they have no record of us! We have sent them the proof - the letters from the time we took the loan out, the loan agreement etc - time and again.
The case is now with the Ombudsman - but all we have had from them over the last 6 months are letters saying they are overwhelmed with cases and that it will take some time to get to ours.
We reckon we are owed about £2000 and it's money my company could really do with right now!
mulledwhine
Well-Known Member
To add, they paid my loan ppi plus interest !! Was not expecting that, but hey have not upheld my credit card for some reason
monte1
Well-Known Member
Hi there , I have been reading this thread with interest, so, a quick , rather numpty question, what if I don't know or can't remember if i ever had a loan, credit card etc with PPI attached , is there some way I can try and trace records, i.e from my name and address etc ?
Bright_Spark
Well-Known Member
You can sign up with credit expert and they have details of all credit agreements (loans, cc's etc) for the past 6 years. I think they do a free trial, but you need to give them card details when you sign up- so long as you remember to cancel, you won't have to pay!