MBNA and PPI

[the big g]

I wrote to MBNA requesting they cancel my PPI on a loan i currently have and asked for the refund to be debited to the outsatnding loan balance. This was two weeks ago and i have had a letter today the 20th Feb confirming they have done this,the amount of refund and the lower monthly payment.
I was gobsmacked as in the terms and conditions it clearly states that the insurance can be cancelled at any time but no refund would be due even if no claim had not been made.
Bit of a result i thought.

Geoff, The Big G.

[itsmeandonlyme]

Originally Posted by the big g

I wrote to MBNA requesting they cancel my PPI on a loan i currently have and asked for the refund to be debited to the outsatnding loan balance. This was two weeks ago and i have had a letter today the 20th Feb confirming they have done this,the amount of refund and the lower monthly payment.
I was gobsmacked as in the terms and conditions it clearly states that the insurance can be cancelled at any time but no refund would be due even if no claim had not been made.
Bit of a result i thought.

Geoff, The Big G.

Great)) Well done ..very happy for you....i think you are very lucky...most of us here are waiting for months..sending loads of letters..getting angry and frustrated.....)))))

But hey-hoy.......

Congratulation

And out of curiosity...how much?))))))))))))))))

[the big g]

Well, £500 was what i got credited back,the full amount i had paid out over the last two years, and the letter was very nicely worded.

Te Big G.

[reidnet]

Congrats M8..

Ahhh Maybe one day I will get my letter with a big Cheque stapled to it...

Its in the hands of the courts now anyway so hopefully soon.. Im fed up of Beans on Toast..lol

Ian