PPI Claim

[Deleted member 77746]

How do you know if you took out a PPI? I don't remember....

I got a PPI letter saying so. I also got a PPI number, which should be with your loan letters.

 

[Raymond Lin]

I've moved around a lot since I took out the loan so I am not 100% certain where the original agreement is!

 

[DAIR]

It wasn't money I had in the first place and should not have recieved it so
I DON'T CARE.

Calm down sonny Jim.

Technically it is money you had.... The only extra you got was the interest...... You lost a bit too because you had to pay vat.

 

[Deleted member 77746]

Calm down sonny Jim.

Technically it is money you had.... The only extra you got was the interest...... You lost a bit too because you had to pay vat.

Well anyone that takes loans looses a bit.

 

[DAIR]

Well anyone that takes loans looses a bit.

Or a lot... Depending on the interest rate.

 

[Deleted member 77746]

Or a lot... Depending on the interest rate.

Either or it's all groovy baby.

 

[w1lliam]

I've moved around a lot since I took out the loan so I am not 100% certain where the original agreement is!

Get the lender to issue you your agreement. And go from there.

 

[Django x2]

I assume if you chose not to take PPI then there's no claim

 

[Amleto]

do people just get back what they paid?

Correct!

I wont bother chasing anyting up then. I know I did pay some PPI, but it was less than 6 months iirc, and cost less than £2/month

 

[jrodga2k5]

All you do is go on the Ombudsman website, download a form, fill it out, send it away...await the reply from the bank...

I really should have started doing peoples PPI claims for them

 

[Tummy]

It wasn't money I had in the first place and should not have recieved it so
I DON'T CARE.

Fair enough.

However you lost out on getting more money because you couldn't be bothered to spend ~30 minutes making a phone call / doing a bit of paper work.

 

[Nodiggidy123]

i made a complaint against my bank for a few loans i was sold ppi on going back about 11yrs ago. ( i was young and naive)

i got just over 7 grand back!

done it all myself. managed to find a template. tweaked it to my personal circumstances(took about 30 mins) and sent it off.

whole process took around 12 weeks for me.

 

[Terrier_Jimlad]

i made a complaint against my bank for a few loans i was sold ppi on going back about 11yrs ago. ( i was young and naive)

i got just over 7 grand back!

done it all myself. managed to find a template. tweaked it to my personal circumstances(took about 30 mins) and sent it off.

whole process took around 12 weeks for me.

Excellent news, nice easy 7k for you there! I've just downloaded the template and filled it out, just need to find the official agreement to note the number down and then it's off to HSBC!

 

[Deleted member 651465]

My wife heard about the ppi thing on the news, wrote a letter to the bank (whom she'd not been with since the loan finished, circa 3 years) and within a month a cheque came through the door for the amount she was owed.

She didn't even have any of the original details to hand, so even if you think you're stuffed if you can't remember dates, details etc then it's worth a punt.

She got back £1300

 

[Nodiggidy123]

Excellent news, nice easy 7k for you there! I've just downloaded the template and filled it out, just need to find the official agreement to note the number down and then it's off to HSBC!

all i did was call them up and asked for references for all the loans which i had ppi against. i had no paperwork at all.

they then initiated the complaint on the phone and i followed it up in writing.

with hsbc also.

i originally thought it was a max of 6 yrs back but as i proof you can go a lot further back.

 

[Terrier_Jimlad]

all i did was call them up and asked for references for all the loans which i had ppi against. i had no paperwork at all.

they then initiated the complaint on the phone and i followed it up in writing.

with hsbc also.

i originally thought it was a max of 6 yrs back but as i proof you can go a lot further back.

How long did the claim take to go through with HSBC? My loan was definately in the last 6 years, ended 3 years ago, if i remember rightly i paid an extra £40 a month or so for the PPI so should stand to get back £1500 at least

Thanks, will give them a call in the morning!

 

[Nodiggidy123]

How long did the claim take to go through with HSBC? My loan was definately in the last 6 years, ended 3 years ago, if i remember rightly i paid an extra £40 a month or so for the PPI so should stand to get back £1500 at least

Thanks, will give them a call in the morning!

bout 12 weeks although they quoted 16 weeks

 

[cm1179]

Excellent news, nice easy 7k for you there!

it's not an easy £7k, he paid out £7k.

do they pay any interest on these refunds? if not, you've done yourself out of the interest you could've earned by saving £7k up over that period

 

[DAIR]

it's not an easy £7k, he paid out £7k.

do they pay any interest on these refunds? if not, you've done yourself out of the interest you could've earned by saving £7k up over that period

Yes they pay interest.

So its in the banks best interest to pay asap

 

[Eriedor]

My brother mentioned PPI the other day, he had it on his mortgage so he approached gladstone brooks but they refused to act for him as it was arranged via a broker and they are too much hassle to claim through.

Anyone have any experience of reclaiming PPI from a broker?