PPI Successes [NO QUESTIONS or EXPLANATIONS PLEASE] - just Bank/How Much with a link to your thread.

[looser01]

And, by "court interest" you presumably mean contractual interest as s69 interest is 8% (in fact I think it has been changed recently)

 

Can you let me know letters etc you used to win with GE? I NEED :idea:HELP

 

MANY THANKS

[papadak]

Hi, I won (on behalf of a family member) vs Lloyds TSB loan FULL refund of premiums + 8% int + simple int 8% from when the loan finished 2 years ago to calculation date ..... just 100 quid shy of 10k!!! ..... RESULT!

[dx100uk]

it would be nice if you posted a link to your thread and put the details of the refund calc on there too.

 

both me and lany are VERY interrested in the way refunds are calculated.

 

dx

[looser01]

Hi, I won (on behalf of a family member) vs Lloyds TSB loan FULL refund of premiums + 8% int + simple int 8% from when the loan finished 2 years ago to calculation date ..... just 100 quid shy of 10k!!! ..... RESULT!

 

 

Thank you

 

i need some guidance in writing a legal letter with full refund from GE, CAN you help etc. i will call FOS today to file compain as well. GE fobbed me off saying i have to go after broker a and FOS - They were the one i paid all the money so they should payback too..

[papadak]

Thank you

 

i need some guidance in writing a legal letter with full refund from GE, CAN you help etc. i will call FOS today to file compain as well. GE fobbed me off saying i have to go after broker a and FOS - They were the one i paid all the money so they should payback too..

 

def a fob off ... i'll pm you a copy of my letter in template form later

[London000]

def a fob off ... i'll pm you a copy of my letter in template form later

 

 

Hi Papadak,

 

Is it any poss. to pm me as well the template letters you have used please. I am getting p..off with them lot due to their ignorance with regards to the ppi.

I really have to do it shortly b4 I will comence proceedings agains them.

 

Many thanks,

DD

[kennyh]

If anyone purchases ppi via a broker then I believe they have to go after the broker ( and I definitely don't like GE) but if the broker don't exist now then you have to claim via the Fin Service Compensation scheme - which is what we are having to do- or have I, yet again, got the wrong end of the stick?

[looser01]

If anyone purchases ppi via a broker then I believe they have to go after the broker ( and I definitely don't like GE) but if the broker don't exist now then you have to claim via the Fin Service Compensation scheme - which is what we are having to do- or have I, yet again, got the wrong end of the stick?

 

 

i called ombudsman lady took GE details and also said she will get a letter from broker and then go to FSCS for refund, form in the post she says

 

hope this is gonna work

 

will update proress

 

Thanks again

[ynot420]

I called LTSB last Tuesday to lodge a complaint, they sent me a letter on Friday confirming the complaint, then today (Tuesday) i have recieved another letter offereing refund of ppi, 8% of eachpayment and 8% of toal ppi payed.

 

I still have another loan to be adjuicated on by a different department, but i'm very happy with this quick response.

[looser01]

Can you please let me know template leter or letter etc you sent to lloyds TSB? to get refumd paid. I am now told to write to broker by ombudsman, then get back to them if no joy..this will take ages etc etc ..

 

it will be greatly appreciated if you can help me.

 

Thank you

[looser01]

Hi all

 

Just a note to say that before I joined this site (yesterday) I was successful in claiming the following:

 

2 x Abbey Loans £1600 / £3600 successful

1 x Paragon Finance 3,500 approx successful

1 x MNBA £1583 successfu

Barclay Card still awaiting response

 

I have templates that I used I am happy to post them onto the site should anyone require them

 

was reading here and frustrated with the FOS ETC, i had ppi with ge they fob me off to broker. is it possible you can mail me the letters you done

so i can adapt it to threaten GE to payback the money i paid them?

 

please help me out if you can.

Thanks in advance

looser01

[ynot420]

Hi Loser01

 

All of my correspondence with LTSB has been over the phone, there are sme great templates in the sticky section of this forum, sorry i cant help you more.

 

good luck

[Doc2527]

Hi folks

Is this good news for all of us looking PPI compensation?

Nearly three million people who took out payment protection insurance (PPI) sold by banks and other lenders could be in line for compensation totalling more than £2bn after the Financial Services Authority today issued new rules on how firms should handle the flood of complaints over mis-selling.

The Financial Ombudsman Service revealed that it had received more than 100,000 PPI complaints already, with nearly 2,000 received in the last week alone. In four out of five cases, the ombudsman found in favour of the complainant, and told the PPI seller to pay compensation typically of around £1,500.

The FSA is concerned that too many individuals are being forced to take their case to the ombudsman rather than finding resolution from the bank when they first complain. It said: "FSA data [received from 18 major sellers of PPI] shows that on average, firms reject almost half of the PPI complaints they receive, but some reject nearly all. Around 30% of rejected complaints go on to the ombudsman, where more than 80% are overturned in the consumer's favour," it said.

The regulator now estimates that the number of complaints about PPI will rise dramatically to around 550,000 a year for each of the next five years, and today set out new procedures on how banks and other lenders should approach the issue. It added that some lenders will contact people who may not have complained, but who might still have been sold a policy wrongly. Last year, firms were told to re-open 185,000 old complaints they had previously rejected.

"We look forward to consumers being treated fairly whether they are buying or complaining about PPI," said Dan Waters, the FSA's director of conduct risk.

PPI has become one of the biggest areas of enforcement activity by the regulator since a Guardian investigation first exposed in 2004 massive mis-selling of the product by firms enjoying profit margins of 80% or more.

PPI is sold to customers to protect them if they default on a loan, mortgage or credit card debt when they are made redundant or fall sick. But the investigation revealed that millions of people had been sold over-priced policies where making a claim was in some cases virtually impossible.

In September 2005 Citizens Advice made a "super complaint", calling for an Office of Fair Trading investigation into the PPI business, which at the time had an estimated 20m policies in force and produced annual revenue in excess of £5bn for the banks and other lenders.

Citizens Advice debt policy officer Peter Tutton said: "We welcome the fact that the FSA is taking firm and appropriate action to get to grips with the harm done to consumers by widespread mis-selling of PPI over many years. Evidence from our CAB network has consistently shown that too often consumers have been mis-sold PPI policies that are far too expensive and completely unsuitable for their needs, often contributing to debt problems.

"A huge step to restoring consumer confidence is ensuring that people who complain get a fair hearing and proper redress. Up until now, firms have too often handled complaints very badly, so FSA action to spell out to firms what is expected of them was absolutely necessary."

But the cost of compensation could force some smaller lenders into bankrutpcy, warned KPMG. "The fear is, however, that some smaller distributors could find that the full cost of remedying these sales challenges their status as a going concern – and the Financial Services Compensation Scheme will have to pay – so ultimately, the whole industry may have to share the pain," said Dan Thomas, KPMG partner and head of remediation.

The FSA said it has carried out 24 investigations and three thematic reviews, issued warnings, halted the selling of single premium PPI with unsecured personal loans, visited over 200 firms, and handed out fines totalling £13m. "Now, with this package of measures we're confident we can mend a market that has been broken for too long," said Waters.

A number of major firms have now pulled out of the market, including Lloyds Banking Group, which stopped selling PPI for loans, credit cards and mortgages across all its brands late last month.

[Dotty50]

http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/132.shtml

 

Looks like I have a bit more ammunition for my next communication with Cap 1!

 

Thanks Doc

[landy_alert]

Just reporting my latest PPI reclaiming success - a refund of just over £9000 from Norton Finance. This brings to £34,000 the refunds received since I started out approximately 20 months ago, of which £29,000 is mis-sold PPI Thanks to sites like this I am now in a position to clear my outstanding debts!

[PPI Insurance]

Such and amazing result.

[PPI Insurance]

I am having a problem dealing with NEXT!

[andrew1]

Just reporting my latest PPI reclaiming success - a refund of just over £9000 from Norton Finance. This brings to £34,000 the refunds received since I started out approximately 20 months ago, of which £29,000 is mis-sold PPI Thanks to sites like this I am now in a position to clear my outstanding debts!

 

Crikey Landy, that's handsome stuff! - well done...nearly catching me up!

[landy_alert]

Crikey Landy, that's handsome stuff! - well done...nearly catching me up!

 

Thanks Andrew - I must admit it's very rewarding to see all those months of hard work finally pay off

[alisindebt]

Crikey Landy, that's handsome stuff! - well done...nearly catching me up!

 

 

 

 

Beats mu $15K. Well done!

[Darzen]

My mother v Lloyds , I suppose a partial win as they will not pay any compound interest and my mother doesn't want to pursue it further. Only took a week for them to say they would refund the PPI payments plus interest.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?277880-PPI-claim

[24233513afw]

Hi Landy_alert.

 

Well done, you should be so proud of yourself. Taking on these big banks and putting them right in their place must have been a scarey task at the first hurdle, but once you crossed that I bet they didn't expect you keep at them.

 

CONGRATULATIONS ON YOUR SUCCESSES.

 

CHEERS

AFW

Edited October 23, 2010 by 24233513afw
????

[jdes26]

well done landy

u r the best

 

im gonna b on tv for ppi rip off programme pm me if u wana appear to

x

[noomill060]

Is anyone getting or even asking for the interest paid on the increased credit card balance caused by mis-sold PPI premiums?

[dx100uk]

sorry what do you mean lost?

 

dx