Dr Who? Posted 19 February, 2013 Share Posted 19 February, 2013 Has anyone claimed for this? Today I opened a settlement expected to be in the region of a couple of hundred, but it was in the thousands! Worth a shot, what you got to lose? Link to comment Share on other sites More sharing options...
bridge too far Posted 19 February, 2013 Share Posted 19 February, 2013 My SiL claimed (from Lloyds). It took months and months but eventually he got a substantial sum plus interest because of the delay. Link to comment Share on other sites More sharing options...
Thedelldays Posted 19 February, 2013 Share Posted 19 February, 2013 Did you actually have ppi in the first place? Link to comment Share on other sites More sharing options...
trousers Posted 19 February, 2013 Share Posted 19 February, 2013 Why were people daft enough to be duped into taking out PPI in the first place...? Link to comment Share on other sites More sharing options...
dubai_phil Posted 19 February, 2013 Share Posted 19 February, 2013 Not quite the same but. When Daughter went to Uni the easiest (and cheapest) way to give her a monthly allowance was for me to get a UK Credit Card and give her a supplementary card with a limit of her allowance. I then set up to pay in full each month Now the card was used for 3 years and I was charged a total of 27 quid for Card Protection Insurance. When she left I simply cancelled the card. Two weeks ago I received 187 quid because I was an expat and had been sold an insurance that was invalid for my status. 160 quid in Interest and "Compensation" for something I knew nothing about. I love British Banks. That 187 quid is the cost of my airmiles ticket to Heathrow, the cost of my ticket away to Norwich and my share of the petrol. The day with my Mum then comes free = Priceless Hope the lads give me as good a result on the day Link to comment Share on other sites More sharing options...
dickyhale Posted 19 February, 2013 Share Posted 19 February, 2013 Why were people daft enough to be duped into taking out PPI in the first place...? I was DAFT enough to take PPI on my mortgage (sometimes the bank made you take it)Being a type 1 diabetic I was not covered by PPI got more in interest than loan total repayment nearly £10000 interest at 8%. It did take over 9 months but worth the wait Link to comment Share on other sites More sharing options...
Dr Who? Posted 19 February, 2013 Author Share Posted 19 February, 2013 My SiL claimed (from Lloyds). It took months and months but eventually he got a substantial sum plus interest because of the delay. Yes it took a while, but was worth the wait. The interest was good. I think I had to take PPI with my loan. Mis-sold. Link to comment Share on other sites More sharing options...
Hatch Posted 19 February, 2013 Share Posted 19 February, 2013 I was DAFT enough to take PPI on my mortgage (sometimes the bank made you take it)Being a type 1 diabetic I was not covered by PPI got more in interest than loan total repayment nearly £10000 interest at 8%. It did take over 9 months but worth the wait a mate of mine got nearly £25k back on his mortgage PPI Link to comment Share on other sites More sharing options...
saints_is_the_south Posted 19 February, 2013 Share Posted 19 February, 2013 I work in a major bank's PPI complaint department. Well worth complaining, especially for Personal Loans. Don't use claims management companies, you can do it yourself quite easily. Good source of info here and links to PPI complaint questionnaire: http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html Link to comment Share on other sites More sharing options...
Dr Who? Posted 19 February, 2013 Author Share Posted 19 February, 2013 I work in a major bank's PPI complaint department. Well worth complaining, especially for Personal Loans. Don't use claims management companies, you can do it yourself quite easily. Good source of info here and links to PPI complaint questionnaire: http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html The bank wrote to me, I would not have bothered. Really odd. Was a questionnaire about how it was sold to me. The rest is history. Link to comment Share on other sites More sharing options...
saints_is_the_south Posted 19 February, 2013 Share Posted 19 February, 2013 The bank wrote to me, I would not have bothered. Really odd. Was a questionnaire about how it was sold to me. The rest is history. Yeah they have started doing that, at least the bank I work for have. Personal Loans you are pretty much guaranteed to get a pay out on, especially if you have multiple accounts which are successive. Regular premium policies such as Credit Card and Mortgage PPI the banks tend defend more and are more successful at doing so. Link to comment Share on other sites More sharing options...
dickyhale Posted 19 February, 2013 Share Posted 19 February, 2013 My SiL claimed (from Lloyds). It took months and months but eventually he got a substantial sum plus interest because of the delay. Lloyds Banking Group has been fined £4.3m(today) for delaying compensation payments to customers over Payment Protection Insurance (PPI) mis-selling. http://www.bbc.co.uk/news/business-21505351 Link to comment Share on other sites More sharing options...
Saint-scooby Posted 20 February, 2013 Share Posted 20 February, 2013 Is there a time limit on claiming, had a PPI on a mortgage a few years ago, but paid it all off about 10 years ago Link to comment Share on other sites More sharing options...
dronskisaint Posted 20 February, 2013 Share Posted 20 February, 2013 Why were people daft enough to be duped into taking out PPI in the first place...? Good question Lord T but here's another..I know you know the world of banking! I looked at what was on offer at the time on a 12k loan for a car back in 2003 and the PPI that I was sold appeared (after a few calls and questions) to be reasonable value as compared with others around. Now this was with Northern Rock who also offered the best value (for me not their shareholders!) interest rate and the consequences of their business model are well documented. When I looked back (on being approached by their claims department) I really do think the cover I had was fit for purpose...is this possible? Should I just claim for the sake of it, I wonder, or did some of the packages do what they said on the box? Appreciate advice/experience? Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 20 February, 2013 Share Posted 20 February, 2013 Mrs has got close on 3k so far her brother closer to 7k and a good friend 15k!! Link to comment Share on other sites More sharing options...
mightysaints Posted 20 February, 2013 Share Posted 20 February, 2013 i got 12k, do not go through a claims firm do it yourself as its very easy. Use the word doc on money saving expert .com Link to comment Share on other sites More sharing options...
NI Saint Posted 20 February, 2013 Share Posted 20 February, 2013 i got 12k, do not go through a claims firm do it yourself as its very easy. Use the word doc on money saving expert .com I used this form for one of my old credit cards and got £1500 back, my mum has got back nearly 20k! The forms are very simple to fill in and there is plenty of free and good advice on the money saving expert website, if you sign up with a claims company you can pay up to 50% of anything you get back. Also my claim was with MBNA and they took less than a month to complete the claim. And for those wondering why I was daft enough to take the PPI out I was told by the bloke in the bank (Abbey as it was then and the credit card was taken over by MBNA) I had to or I wouldn't get the credit card. Link to comment Share on other sites More sharing options...
Spudders Posted 20 February, 2013 Share Posted 20 February, 2013 I got 7k back, easy peasy. Link to comment Share on other sites More sharing options...
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