PPI Claims, any recommended companies?

It's usually (always) an automated and generic response about receiving the letter. There is no set time however (as long as it's not a ridiculously long time) for receiving your money as the banks are researching each claim now individually.
 
I cant claim any PPI back as I was:

A- never stupid enough to pay for it.
B-Never too lazy to check the details of any loan/credit cards to see if they had put it on anyway.
 
atpbx said:
I cant claim any PPI back as I was:

A- never stupid enough to pay for it.
B-Never too lazy to check the details of any loan/credit cards to see if they had put it on anyway.
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Good for you, however, a lot of people were genuinely mis-sold.
For example, told that they would get a better chance of being successful if they took the loan, or not, for example, given enough time to read the T's and C's.

I got over 5k from a single claim, and when I can be bothered, I have a few others to process too.
 
Never any need to use those PPI companies, all they do is send off template letters that you can easily do yourself and then you get to keep 100% of anything you are awarded instead of missing their rather hefty cut.

Pretty much any question you can think of is answered here, along with template letters that you can modify to your own needs.

Also check out the huge forums section on the website, PPI is one of the subsections and you will find hundreds of stories and possibly useful tips and information.

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
 
I believe it's now better to do it yourself.

I went with Belmont Thornton who gave me no issues but cost me 30% of the refunded money. (their stated percentage PLUS vat).

I sent them some initial details and then heard nothing from them (I got a hold letter from my bank saying they were doing something) until I got a letter from my bank saying they were paying up.
 
I wonder how many of these people were genuinely mis-sold, and how many people were (airquotes) mis-sold (airquotes)

Fair enough people who ended up paying PPI without realising, or without an choice, but when you read about people talking about claiming for things they can't even remember, or explicitly know they didn't have PPI on, it makes you wonder.

Ah well claim culture Britain!
 
I am interested in finding out if i have had ppi etc over the years mis sold. I have a credit card, have had loans etc.

Bank with a few banks etc.

Is there a simple guide out there what I need to do, step by step. Do I just write a specific letter to all my banks asking for something? then what?

some guidance would be great. thank you
 
I lost all my paperwork for the various creditcards, finance agreements and loan when i moved house as i stupidly assumed because they were paid off i wouldnt need them again. A combination of this and my laziness means ive used one of the PPI companies to help me out in contacting the various lenders.

I think in a circumstance like mine they serve a purpose otherwise as said above you are better going direct and sorting it yourself if you have the time and records to assist.
 
SarGara said:
I lost all my paperwork for the various creditcards, finance agreements and loan when i moved house as i stupidly assumed because they were paid off i wouldnt need them again. A combination of this and my laziness means ive used one of the PPI companies to help me out in contacting the various lenders.

I think in a circumstance like mine they serve a purpose otherwise as said above you are better going direct and sorting it yourself if you have the time and records to assist.
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I did it myself with my bank, the result 6k, if I'd used a company it would no doubt be half.

You don't need all the details though, I literally wrote to my bank and just gave them my current accout number. I stated I wanted a refund on any PPI on any past loans / overdrafts I may have had and left it at that.

One week later I had a response stating they were investigating. 4 weeks later they responded stating I was owed money and they would get in touch again within 4 weeks. They did and the result was I was owed several thousand pounds, mostly from a loan back in 1999-2003.

My bank were superb, they could have replied saying I had not given enough information or it was beyond 6 years, they did not, they refunded everything I was owed plus 8% interest. :)

Therefor I am now posting the same letters off to any other lenders I can remember, just on the off chance I may have been miss-sold PPI again. Chances are I was not, but for the sake of 30 minutes of filling in forms and postage stamps its well worth it. :)
 
One important thing to note is that PPI was only mis-sold if it was on your loan without you knowing (unlikely as it would have been in the small print that you signed to say you read) or you chose to take PPI but the lender didn't tell you that you'd be ineligible to claim (because of being self employed for example).

If it was knowingly on your loan (well duh you read the T&Cs) and you would have been able to make a claim (you're not one of the 15% who are self employed), you can't just now 10 years later go "I didn't end up claiming on the PPI, think I'll have a refund on it please". If it was genuinely mis-sold, as for example you told the bank you were self employed but they didn't say "That means you won't be able to use the Payment Protection Insurance if you lose your job so there's no point in paying for PPI" then by all means claim a refund - it was mis-sold.


It's like a £300 extended warranty on a computer, you can't just at the end of the extended warranty period decide to get a refund on it because you didn't need to make a claim.


I wonder just how many of these people who 'didn't know' they'd taken out PPI would in-fact have known if they'd lost their job during the loan and wanted to claim on the insurance...
 
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Durzel said:
I wonder how many of these people were genuinely mis-sold, and how many people were (airquotes) mis-sold (airquotes)

Fair enough people who ended up paying PPI without realising, or without an choice, but when you read about people talking about claiming for things they can't even remember, or explicitly know they didn't have PPI on, it makes you wonder.

Ah well claim culture Britain!
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If you can claim why wouldn't you?

My bank don't hesitate to "claim" whatever they can from me and haven't otherwise endeared themselves to me enough for me to have given even a second thought to sending off the form.
 
Westyfield2 said:
One important thing to note is that PPI was only mis-sold if it was on your loan without you knowing (unlikely as it would have been in the small print that you signed to say you read) or you chose to take PPI but the lender didn't tell you that you'd be ineligible to claim (because of being self employed for example).

If it was knowingly on your loan (well duh you read the T&Cs) and you would have been able to make a claim (you're not one of the 15% who are self employed), you can't just now 10 years later go "I didn't end up claiming on the PPI, think I'll have a refund on it please". If it was genuinely mis-sold, as for example you told the bank you were self employed but they didn't say "That means you won't be able to use the Payment Protection Insurance if you lose your job so there's no point in paying for PPI" then by all means claim a refund - it was mis-sold.


It's like a £300 extended warranty on a computer, you can't just at the end of the extended warranty period decide to get a refund on it because you didn't need to make a claim.


I wonder just how many of these people who 'didn't know' they'd taken out PPI would in-fact have known if they'd lost their job during the loan and wanted to claim on the insurance...
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You can also claim if you were told that taking PPI would improve your chances of being accepted, or, as it was the case with me, that I would be declined if I did not take the PPI.
 
Gibbo said:
I did it myself with my bank, the result 6k, if I'd used a company it would no doubt be half.

You don't need all the details though, I literally wrote to my bank and just gave them my current accout number. I stated I wanted a refund on any PPI on any past loans / overdrafts I may have had and left it at that.

One week later I had a response stating they were investigating. 4 weeks later they responded stating I was owed money and they would get in touch again within 4 weeks. They did and the result was I was owed several thousand pounds, mostly from a loan back in 1999-2003.

My bank were superb, they could have replied saying I had not given enough information or it was beyond 6 years, they did not, they refunded everything I was owed plus 8% interest. :)

Therefor I am now posting the same letters off to any other lenders I can remember, just on the off chance I may have been miss-sold PPI again. Chances are I was not, but for the sake of 30 minutes of filling in forms and postage stamps its well worth it. :)
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Gibbo, would you mind forwarding me a copy of that letter to use as a template? (With details removed obviously)

I'm going down the same route and trying not to use a 3rd party.
 
krooton said:
You can also claim if you were told that taking PPI would improve your chances of being accepted, or, as it was the case with me, that I would be declined if I did not take the PPI.
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Fair enough if you can perfectly remember a conversation that you had 10 years ago :). I personally can barely remember what I said yesterday!
 
Westyfield2 said:
Fair enough if you can perfectly remember a conversation that you had 10 years ago :). I personally can barely remember what I said yesterday!
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I only remember because when I went to finish the loan early, I asked about the PPI refund, and they told me that the first few repayments I made were to purely cover the cost of the PPI, and after that they started to pay off the actual loan.

I was pretty peeved about it, so thankfully remembered.
 
G|mp said:
Gibbo, would you mind forwarding me a copy of that letter to use as a template? (With details removed obviously)

I'm going down the same route and trying not to use a 3rd party.
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Here you go:-
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3

Just do as I've done, I've filled that in and sent it to every company I've ever had a loan with. The ones without PPI I shall get nothing, the ones that did I stand a chance of a refund.

For the cost of a stamp and how much time it takes, why not. You could have a few thousand coming your way, or nothing, but no harm in trying considering the banks have already set aside so much for PPI refunds anyway.
 
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