PPI payouts.... new info for anyone previously refused

PPI payouts.... new info for anyone previously refused

Author
Discussion

CoolHands

18,496 posts

194 months

Thursday 22nd March 2018
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fking hell I've got fk all from all the speculative ones i sent out! mad So pissed off that I was a good consumer and now I'm being punished for it

Oakey

27,523 posts

215 months

Thursday 22nd March 2018
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Define 'good consumer'? I paid these loans and credit cards off but obviously had PPI with some of them, however, I was self employed at the time and I don't think I was actually eligible for any claim if I had income problems so was effectively paying for nothing.

TTmonkey

Original Poster:

20,911 posts

246 months

Thursday 22nd March 2018
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ambuletz said:
Tonight's despatches at 8pm will be about FOS. dammit I forgot to buy some popcorn on the way home,
if you are a good PHer you read that as 'Festival Of Speed'.....

hehe

ambuletz

10,692 posts

180 months

Thursday 22nd March 2018
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Oakey said:
Define 'good consumer'? I paid these loans and credit cards off but obviously had PPI with some of them, however, I was self employed at the time and I don't think I was actually eligible for any claim if I had income problems so was effectively paying for nothing.
you're right. but what have the businesses said? did they say there was no PPI or are they defending your complaint? if it's the latter then take it to FOS with their final response.

Oakey

27,523 posts

215 months

Tuesday 27th March 2018
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ambuletz said:
you're right. but what have the businesses said? did they say there was no PPI or are they defending your complaint? if it's the latter then take it to FOS with their final response.
Well they've paid out (about half of it was interest though) so...

Patch1875

4,893 posts

131 months

Tuesday 27th March 2018
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Got my RBS Plevin offer through, £250 which is mainly interest on around £90 refund.

Hope my Bank of Scotland is a bit more!

TheAngryDog

12,394 posts

208 months

Wednesday 4th April 2018
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Just been paid £3385.17 this morning. No letter yet oddly but it says ppi redress on the payment. Wasn't expecting it, nor that much. A nice thing to wake up to.

TTmonkey

Original Poster:

20,911 posts

246 months

Wednesday 4th April 2018
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TheAngryDog said:
Just been paid £3385.17 this morning. No letter yet oddly but it says ppi redress on the payment. Wasn't expecting it, nor that much. A nice thing to wake up to.
From a Plevin based complaint, or a normal PPi?


Enjoy the cash.

TTmonkey

Original Poster:

20,911 posts

246 months

Wednesday 4th April 2018
quotequote all
TheAngryDog said:
Just been paid £3385.17 this morning. No letter yet oddly but it says ppi redress on the payment. Wasn't expecting it, nor that much. A nice thing to wake up to.
mine turned up like that, just logged on and was a bit confused as to why I was suddenly so not in the red. hehe

Never got a letter from them either

TheAngryDog

12,394 posts

208 months

Wednesday 4th April 2018
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Happy days biggrin.

Perhaps they prefer not to send a letter of shame?

Re ppi or Plevin, no idea lol. I reckon ppi though for that amount.

TTmonkey

Original Poster:

20,911 posts

246 months

Wednesday 4th April 2018
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TheAngryDog said:
Happy days biggrin.

Perhaps they prefer not to send a letter of shame?

Re ppi or Plevin, no idea lol. I reckon ppi though for that amount.
I hit £3500 for plevin, the interest really piles on when it was like 15 years ago.

TheAngryDog

12,394 posts

208 months

Wednesday 4th April 2018
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TTmonkey said:
TheAngryDog said:
Happy days biggrin.

Perhaps they prefer not to send a letter of shame?

Re ppi or Plevin, no idea lol. I reckon ppi though for that amount.
I hit £3500 for plevin, the interest really piles on when it was like 15 years ago.
Maybe it was Plevin then. This is for 19 years and 17 years.

CTO

2,649 posts

209 months

Wednesday 4th April 2018
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Packaged bank accounts are the next ppi.

I currently have a claim going through with Barclays , going back to 2004.

ambuletz

10,692 posts

180 months

Wednesday 4th April 2018
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bear in mind that if they give you a good will gesture on mis-sale or commission that's not a real offer, you can still take it to FOS. also many that are offering commission still uphold/defend mis-sale, so you could still take that to FOS as part of a mis-sale complaint.

Oakey

27,523 posts

215 months

Friday 18th May 2018
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CTO said:
Packaged bank accounts are the next ppi.

I currently have a claim going through with Barclays , going back to 2004.
What do you mean by 'packaged bank accounts'? I just stuck a complaint in to Natwest this morning for them pushing an Advantage Gold account on to me ("you absolutely need to upgrade your account sir if you want a loan / overdraft / etc") back in the early 2000s, think they charged me £5 a month for that.

Also received some money back from Natwest for PPI this morning (mainly interest again) which is a nice bonus.

WyrleyD

1,883 posts

147 months

Saturday 2nd June 2018
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TTmonkey said:
I was sold the premise of PPI that it was insurance for "if anything happens".

I took this to mean, and include redundancy. Wouldn't you?

Anyway, some years ago I got made redundant, and contacted my CC provider (barclaycard I think at the time) to query how I evoked the PPI .

I was then informed that the PPI would not payout until such times that I was effectively insolvent. It would then ONLY cover only my interest payments on the debt when I could no longer make payments. It would only pick up these minimum payments when everything else was gone, and there was no way of paying my debts.

As I had been given a reasonably generous redundancy payout, I was informed by the CC provider that I should immediately use this to clear my CC debt. I refused, pointing out that the redundancy payout was money provided by my employer to get me through a time of no income, to help keep a roof over my families head, whilst I searched for a new job. Put food in the table etc.

The CC provider said that it was in my best interest to clear my immediate CC debts. No, it wasn't.

As I had refused to clear the outstanding balance, and because I was now unemployed, they then altered my limits. They dropped my credit limit from 12k to 1k, making a balance of around £7000 payable within 60 days.

So I've no problem with perusing a refund to this useless product that has various exclusions.
And for those that said "should have read the small print". Well, none of the above was in the small print.
Almost exactly what happened to me. I had a Premier Account with Barclays and had a mortgage and Gold Card tied to the account. I remember being "sold" a PPI policy by my Premier Account advisor in the distant past as my employment was distinctly dodgy having been made redundant twice already with companies going into liquidation and the current job was a fixed term of 12 months at the time. Sure enough I was laid off before the 12 months was up and tried to claim on the policy but, like you, they said no chance and to make myself bankrupt and then claim, oh! and they kindly immediately cancelled my Gold Card and called in my overdraft to be repaid immediately which luckily was a minimal amount. When I got another job I moved my mortgage over to Nationwide and closed the Barclays account and there was not a word from them although I'd been a customer for 40 years at that point.

As a result of those TV adverts I thought I would try and make a claim so followed the links online and whacked in a claim giving them all the information that I could remember. After a couple of weeks I got a letter from Barclays saying that I did in fact have a policy for PPI that was sold to me in 1992 and the claim was proceeding but they needed a whole raft of further information regarding my employment at that time, as I live overseas now the letter took 15 days to get to me giving me no time to gather the info and reply before their cut-off date so called them up and after a bit of faffing around with security questions they then told me that the info was not needed and the claim had progressed through to "claim calculations". They wouldn't give me any more information about how the claim was going to be worked out and said that they would be back in touch with the result before mid-July.

I've no idea how much it's going to be as I can't remember how long the PPI was kept running for after I tried to claim but I do remember it was quite a time before I got employed again.

TTmonkey

Original Poster:

20,911 posts

246 months

Saturday 2nd June 2018
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I hope you cream them. Rme ever the days when they were giving themselves millions in bonuses....? Fek em.

TheAngryDog

12,394 posts

208 months

Tuesday 5th June 2018
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WyrleyD said:
Almost exactly what happened to me. I had a Premier Account with Barclays and had a mortgage and Gold Card tied to the account. I remember being "sold" a PPI policy by my Premier Account advisor in the distant past as my employment was distinctly dodgy having been made redundant twice already with companies going into liquidation and the current job was a fixed term of 12 months at the time. Sure enough I was laid off before the 12 months was up and tried to claim on the policy but, like you, they said no chance and to make myself bankrupt and then claim, oh! and they kindly immediately cancelled my Gold Card and called in my overdraft to be repaid immediately which luckily was a minimal amount. When I got another job I moved my mortgage over to Nationwide and closed the Barclays account and there was not a word from them although I'd been a customer for 40 years at that point.

As a result of those TV adverts I thought I would try and make a claim so followed the links online and whacked in a claim giving them all the information that I could remember. After a couple of weeks I got a letter from Barclays saying that I did in fact have a policy for PPI that was sold to me in 1992 and the claim was proceeding but they needed a whole raft of further information regarding my employment at that time, as I live overseas now the letter took 15 days to get to me giving me no time to gather the info and reply before their cut-off date so called them up and after a bit of faffing around with security questions they then told me that the info was not needed and the claim had progressed through to "claim calculations". They wouldn't give me any more information about how the claim was going to be worked out and said that they would be back in touch with the result before mid-July.

I've no idea how much it's going to be as I can't remember how long the PPI was kept running for after I tried to claim but I do remember it was quite a time before I got employed again.
Good luck! I suspect that you may be in for a few quid.

Oakey

27,523 posts

215 months

Thursday 7th June 2018
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Just got another £600+ from Natwest this morning. The PPI refund itself was £160ish, the rest was interest.

WyrleyD

1,883 posts

147 months

Thursday 14th June 2018
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Well, I got my cheque from Barclays this morning for £3182 so all-in-all it was a fairly painless exercise.