roy8762 Posted April 7, 2013 Report Share Posted April 7, 2013 Thinking about it with a couple of old loans etc.... I's it as easy as they make out??? Quote Link to comment Share on other sites More sharing options...
Blackbart Posted April 7, 2013 Report Share Posted April 7, 2013 If it is with the major banks then it is not hard,but i would do it yourself and do not use one of these claims companies as they take a big wedge if you win your claim ( 25%) Quote Link to comment Share on other sites More sharing options...
NobbyHall Posted April 7, 2013 Report Share Posted April 7, 2013 Have a look at the website Money Saving Expert. There are some pro forma letters on there. If you need help with letter happy for you to pm me. Blackbart advice is good - do not use one of the PPI reclaim companies as they take a fair amount of £ for doing very little. Good luck. Quote Link to comment Share on other sites More sharing options...
stubby Posted April 8, 2013 Report Share Posted April 8, 2013 I spent 2 yrs waiting for gladstone brookes who kept telling me I had ££££££££'s to come back, only to be told NO, also beware, alot of them say no charge, but want you to sign an agreement that any money they recover, they get 47% Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted April 8, 2013 Report Share Posted April 8, 2013 Please DO NOT use any of the firms offerring to claim on your behalf. They WILL take a massive proportion of any money you get back! I have done the work myself, it can usually be started over the phone OR may involve you writing a letter or completing some forms that are sent to you. You will be asked why you think the PPI was mis-sold to you and you will need an acceptable answer. There is a vast difference between the banks and credit card firms that I've contacted. Some of them are very proffessional and start the process over the phone and you get updates sent via text to your mobile phone. Other firms seem to put barriers in your path to make the claims process difficult. Should you have ANY problems the FINANCIAL OMBUDSMAN is the way forward. A complaint to that department will sort things out although there may be a considerable wait as they are very busy. Good luck T.C. Quote Link to comment Share on other sites More sharing options...
dazsl Posted April 8, 2013 Report Share Posted April 8, 2013 Go on your banks website and it will tell you how to claim and there will be a printable from that you fill in and send off as simple as that they have 48 days to reply Quote Link to comment Share on other sites More sharing options...
overandunder2012 Posted April 8, 2013 Report Share Posted April 8, 2013 im the only person i know they ever said no to Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted April 8, 2013 Report Share Posted April 8, 2013 im the only person i know they ever said no to Consider yourself very lucky! Quote Link to comment Share on other sites More sharing options...
overandunder2012 Posted April 8, 2013 Report Share Posted April 8, 2013 Consider yourself very lucky! why everyone else got a big cheque, i did try to do it myself maybe i should have let a company have a go Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted April 8, 2013 Report Share Posted April 8, 2013 (edited) why everyone else got a big cheque, i did try to do it myself maybe i should have let a company have a go I'm sorry, I thought you were refused the insurance not the claim! Edited April 8, 2013 by TIGHTCHOKE Quote Link to comment Share on other sites More sharing options...
overandunder2012 Posted April 8, 2013 Report Share Posted April 8, 2013 I'm sorry, I thought you were refused the insurance not the claim! no its just not as easy as you think to get some of these banks and credit card people to roll over Quote Link to comment Share on other sites More sharing options...
hcarlos Posted April 8, 2013 Report Share Posted April 8, 2013 im the only person i know they ever said no to Not the only one I got a noooooo aswell Quote Link to comment Share on other sites More sharing options...
huffhuff Posted April 8, 2013 Report Share Posted April 8, 2013 My claim with the financial ombudsmen and come June, it will have been with them for 2 years. They have a VERY big backlog. Quote Link to comment Share on other sites More sharing options...
overandunder2012 Posted April 8, 2013 Report Share Posted April 8, 2013 (edited) 2 years, think it maybe not worth the hassle Edited April 8, 2013 by overandunder2012 Quote Link to comment Share on other sites More sharing options...
Frenchieboy Posted April 8, 2013 Report Share Posted April 8, 2013 Thinking about it with a couple of old loans etc.... I's it as easy as they make out??? Basicall Yes, it is relatively easy, but whatever you do please do not use one of these wretched PPI Claim Companies. They will take a fair old chunk of whatever you get back. We did our own PPI repayment claims ourselves and found the entire process relatively easy and straight forwards after we fell into the trap of taking out a couple of loans to pay for a holiday etc and were told that we could not have the loans unless we took out PPI - Completely untrue". Unfortunately I believe that loans and credit cards are being made far too easy to get hold of nowadays and that the "less better off" are finding that they are finding it far too easy to get themselves into serious financial trouble because of that - Believe me I know because that is exactly what happened to us, we rather stupidly fell into that trap I am ashamed to say and we are only just managing to get ourselves back on track after a good few years of worry! Quote Link to comment Share on other sites More sharing options...
killer_pigeon Posted April 8, 2013 Report Share Posted April 8, 2013 a mate at work just received £18,500 back from a PPi claim. He approached the bank directly and did all the work himself, didn't use a 3rd party company that keep hounding you to let them do it ! the only thing he did wrong was to tell his wife Quote Link to comment Share on other sites More sharing options...
pimpkiller Posted April 8, 2013 Report Share Posted April 8, 2013 how do you actually know if you have been miss sold ppi on an old loan? Quote Link to comment Share on other sites More sharing options...
roy8762 Posted April 8, 2013 Author Report Share Posted April 8, 2013 how do you actually know if you have been miss sold ppi on an old loan? good point.... But the amount of companies advertising they can claim It back..... No smoke without fire??? Quote Link to comment Share on other sites More sharing options...
stubby Posted April 8, 2013 Report Share Posted April 8, 2013 how do you actually know if you have been miss sold ppi on an old loan? its when they say you cant have the loan, unless you take out the monthly insurance, they make you belive that should you become unemployed, the loan will be payed off, sounds good and you take out the insurance, but once you read the small print, or become out of work, you realise the way it works and the way they explain it, is miles apart, the loan gets paid off monthly, and if you get back into work you continue with payments over a 3yr loan I had 3 months off due to illness, so had 3 months payed for me, at £50 per month thats £150, but of course the insurance cost £1800, which I could have saved myself in a different account, used when sick on the payments, and had £1650 left after plus interest Quote Link to comment Share on other sites More sharing options...
Blackbart Posted April 8, 2013 Report Share Posted April 8, 2013 Weird as it is, i started some claims in october last year and the first cheque has just landed through my letter box this morning This dates from a loan i had in 2001 that i was mis sold ppi on. Luckily i found the old paperwork as Lloyds sent out a standard letter saying i did not have ppi (a ploy to get you to drop claim ) I had the proof so the claim went through, after 1 phone interview about 3 weeks ago they have coughed up, with 12 years interest added !! So if you can get hold of the original paperwork it is not hard at all as they can not wriggle out of it. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 8, 2013 Report Share Posted April 8, 2013 I did a claim at xmas and it took 3 weeks from start to finish and it was easy downloaded my form from mortgage company and sent it off. Quote Link to comment Share on other sites More sharing options...
roy8762 Posted April 8, 2013 Author Report Share Posted April 8, 2013 I had a couple of credit cards bout 5 years ago with ppi on them.... Fell ill and couldn't make. Payments on them... For some reason or another... Can't remember why... They never paid anything while I was ill and I got a couple of ccjs would I still be able to claim anything... More out of spite than anything as they let me down when I needed help! Quote Link to comment Share on other sites More sharing options...
novice cushie shooter Posted April 8, 2013 Report Share Posted April 8, 2013 I got my settlement on friday.........a whopping 17p. ******* gutted. Quote Link to comment Share on other sites More sharing options...
overandunder2012 Posted April 8, 2013 Report Share Posted April 8, 2013 I got my settlement on friday.........a whopping 17p. ******* gutted. worth the effort then lol Quote Link to comment Share on other sites More sharing options...
ozzy518 Posted April 8, 2013 Report Share Posted April 8, 2013 I got 3 grand off of Barclaycard and 7 grand off Sainsburys bank. Just filled in a form they sent me and all done within 4 months Quote Link to comment Share on other sites More sharing options...
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