Has anyone reclaimed there PPI ?
Discussion
I opened a letter today from the bank sudgesting that I may be entitled to my PPI back on a loan I had back in 2000 for 8K. They have enclosed a form for me to fill out and return
Q, Has anyone on here claimed there's back and was it worthwhile and hassle free ?
Should I approach one of those companies that claim it back with no fee attached.
Comments and views please.
Q, Has anyone on here claimed there's back and was it worthwhile and hassle free ?
Should I approach one of those companies that claim it back with no fee attached.
Comments and views please.
Yes, a couple of years ago, got all the info from Martin Lewis's site (all free info) as said don't go with the hustlers it will probably cost you & they won't get you any more than you can claim back yourself. It takes a couple of months & maybe 2 or 3 letters/forms but that's it. I've just helped a guy who works for me to get over £3000 (I say helped, I just persuaded him that he was entitled to it) nice little bonus for Christmas!
I bet you enjoyed that.Which is all very well if you were mis-sold, or didn't even know you had PPI.
What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so manyambulance bank chasers out there persuading people to claim.
What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so many
Nickyboy said:
If it was back in 2000 then you cant claim, the maximum is 6 years
Incorrect. You can claim back further if you have records of the documentation.
You can claim 6 years with no records as the bank will have to keep records for 6 years.
Also, as per the OP - the bank has sent him a letter saying he may be entitled to the PPI that THEY sold him.
Balmoral Green said:
Which is all very well if you were mis-sold, or didn't even know you had PPI.
What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so manyambulance bank chasers out there persuading people to claim.
What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so many
I'm in the middle of doing this just now and getting lost.
I've used a template from money saving expert (Martin Lewis?) but haven't heard anything back.
Would someone be so kind as to offer the process they went through and associated timescales? I@m right on the 6 year limit with some of them so need to get a move on.
Thanks in advance,
David.
I've used a template from money saving expert (Martin Lewis?) but haven't heard anything back.
Would someone be so kind as to offer the process they went through and associated timescales? I@m right on the 6 year limit with some of them so need to get a move on.
Thanks in advance,
David.
I had a 10k loan about 5 years ago now. We paid it off no problems but my missus was in her overdraft by 800 or so quid so they asked her if she wanted to add it to her loan. The term went up, the payments went up and I think it ended up we paid back 12k ish.
We don't have any records of the original loan, nor the amended loan details. Are they obliged to give me the details and would I have paid PPI? The original loan was 10k and we only had to pay 10.9k over 3 years.
Any thoughts?
We don't have any records of the original loan, nor the amended loan details. Are they obliged to give me the details and would I have paid PPI? The original loan was 10k and we only had to pay 10.9k over 3 years.
Any thoughts?
Yes, followed the advice on the Martin Lewis website and claimed against a loan from Egg in 2001 for £10K, increased in 2003 by £5K. Both for cars 
When I took the original loan the guy on the phone said it was mandatory to get the loan
and I took it anyway as they were the cheapest. Because I was told it mandatory without sufficient explanation of the options, that was deemed as being missold. So, two letters to Egg, both times told no, went to the Financial Ombudsman, who after a year of ruminating awarded me £8K. More than I ever expected, compound interest for 10 years is a good thing 
When I took the original loan the guy on the phone said it was mandatory to get the loan
and I took it anyway as they were the cheapest. Because I was told it mandatory without sufficient explanation of the options, that was deemed as being missold. So, two letters to Egg, both times told no, went to the Financial Ombudsman, who after a year of ruminating awarded me £8K. More than I ever expected, compound interest for 10 years is a good thing Balmoral Green said:
Which is all very well if you were mis-sold, or didn't even know you had PPI.
What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so manyambulance bank chasers out there persuading people to claim.
I got my credit card as soon as I had a job offer after Uni some 6 years ago. I was told that since I only had a job offer and not a firm job I would need to take out PPI to make me eligible for a credit card. This apparently was the only way I would get a credit card.What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so many
I tried to cancel it 2 years ago to be told my contract wasn't with the bank but with the PPI company. I had no details who they were and the bank couldn't provide them to me.
It was only after the big PPI thing kicked off that the bank knew exactly how to cancel it.
I got about half my payments back but it's unexpected money and so a bonus and not worth the hassle chasing more.
The bad people in all of this are the banks, closely followed by the claims companies.
Anybody had any experience with Natwest Credit Cards? When I'd just graduated I tried getting a decent rate card and was refused (no credit history), went to my bank and had a meeting with the bank manager who said I'd be more likely to be accepted for credit if I took the PPI. Now I'm in two minds - I've been ripped off having paid for the PPI when I don't think it helped my application and never needed it in 13 yrs, but the flip side is I guess I had it as a back up.
VxDuncan said:
Anybody had any experience with Natwest Credit Cards? When I'd just graduated I tried getting a decent rate card and was refused (no credit history), went to my bank and had a meeting with the bank manager who said I'd be more likely to be accepted for credit if I took the PPI. Now I'm in two minds - I've been ripped off having paid for the PPI when I don't think it helped my application and never needed it in 13 yrs, but the flip side is I guess I had it as a back up.
You have a case for sure, if you didn't want it then claim.whoami said:
Balmoral Green said:
Which is all very well if you were mis-sold, or didn't even know you had PPI.
What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so manyambulance bank chasers out there persuading people to claim.
What gets my goat is that even if you actually wanted it, knew full well what it was and understood the premium etc, you can still attempt to claim it back anyway, as there's a fair chance the banks can't prove otherwise. The banks have huge funds available for this, which is why there are so many
ks me off tbh.claiming the money back, fair enough. but the scum trying to make money out of other people claiming back are really f
king things up for other people.Do you really think the banks have a bottomless pit to pay the solicitors out of? no they money will come straight back out of the public. We end up paying for them, not the bank.
Try looking at how much a variable rate mortgage is at the moment, and quite how far over the 0.5% rate it is.
Gassing Station | Finance | Top of Page | What's New | My Stuff