Aw aye, PPI!
So I sent of a PPI claim a few months ago on a card I’ve had since about 2000, aye I was daft with credit cards when I was younger.
Anyhow, I got knocked back about a month or 2 ago, but got another letter mentioning that they were unable to give a final response, well they didn’t actually say that, they knocked me back. But anyhow the said that was because it may have been impacted by some court case, plevin v paragon.
So it waffled on, showed some sums at the back and I thought I was getting a cheque for 91 quid. tbh, didn’t really read it that deeply!
friday, cheque comes through the door, for £876.33! happy days!
I guessing the correct course of action on my part here is just to accept the cash and enter into no further correspondence? 😆
Aye don’t you worry about the 6 months, it’s already been deposited! 😆
Anyhow, I’ve no really scooby about this, I really just filled out forms and fired off on a whim. should I be happy with that, anyone translate? what’s the 50% bit they are talking about, still got a further claim there through the ombudsman? (If so what forms do I fill out? 😆 )Posted 2 months agofrankconwaySubscriber
That 50% appears to be the proportion of ‘excess commission and fees’ which were unfairly charged and Plevin is the applicable case law.Posted 2 months ago
The ombudsman bit is if you want to push your luck or believe their offer is unacceptable.
As you’ve already banked the cheque that probably would be viewed as you having accepted the offer.
The icing on these settlements is the 8% annual simple interest.
I received a settlement from Lloyds in May/June after they rejected my claim twice; should I go back to discuss Plevin?
tbh, I don’t ever remember ticking a ppi check box nor remember any mention of ppi, I’ve never taken it on anything else in my puff. That was the main thrust of my reason for complaining. I always had and inclining I should have sent the forms off, but just got aff my arse and done it a few months ago.Posted 2 months ago
Not as much as you lot seem to think it did, plenty of figures online comparing the amount of compensation paid vs. the total amount of PPI sold, nevermind missold. It was eventually used as a stealth bank tax to stimulate the economy, which is drying up and now and having an effect ie. Car sales.Posted 2 months agoblitzMember
I had a couple of claims in with egg for a loan and credit card. Had successful claim for the loan but unsuccessful for the credit card. Out of the blue got a letter last week from Canada square operations who deal with the Egg claims. Said something like new case law might mean you may be owed something with a form to sign and return to them if I wanted to persue it. Sent it back and awaiting a response. No idea if anything will come of it.Posted 2 months agoCougarSubscriber
I have recently been contacted by a company who are looking at a successful claim we had on the basis that we may not have been refunded enough ..letter of authority signed and sent ..
I had a couple of claims in with egg for a loan and credit card. Had successful claim for the loan but unsuccessful for the credit card. Out of the blue got a letter last week from Canada square operations who deal with the Egg claims. Said something like new case law might mean you may be owed something with a form to sign and return to them if I wanted to persue it. Sent it back and awaiting a response. No idea if anything will come of it.
“Congratulations! We’ve successfully negotiated your claim and you have been awarded an extra £5,000. Minus our fees, please find enclosed cheque for £6.47”Posted 2 months agoedlongMember
I claimed around £10K on my PPI. They paid me monthly during a period of unemployment. Very handy.
Although compared to income protection insurance, which would protect a defined percentage of your total income rather than just one payment on one outgoing, it would still have probably been poor value for money.Posted 2 months agospooky_b329Member
Pretty much never happened mate, but that would be very naughty.
How about where they imply you are a high risk and suggest taking out PPI will increase your chances of loan approval. And they also suggest that I need my Dad to guarantee the loan, which in hindsight, makes the PPI redundant as if I can’t pay, he has to pay instead.
So for a £3k loan in 2003ish, they found in my favour, and for roughly £200 in PPI premiums, I got £900 back. However, they sent half to my dad as it turns out they added him as a joint account rather than a guarantor, thankfully he sent me the cash seeing as I paid all of the repayments!Posted 1 month ago
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