PPI refund could be a new heli!

[Cuppa]

Result! Huzar!! Like a lot of folk i had a ppi runing with my bank loan, so i went to my bank , not the rip off lot that advertise on tv! And made a complaint about this five year old (nearly paid off) loan. I did 'nt think i had any chance of getting any money back from them... a letteer arrived shortly after saying.. 'We have upheld your complaint and will refund you the funds+8% and i can happily say not a sum to turn the nose up at. so i think it was a good plan to have a grumble at the bank, i feel a new heli comming on thing, marvelous!:glee:

cheers
the happy bunny, cuppa

[Steve]

I had one similar on a mortgage account last year which was taken out in 1999. Takes forever to get sorted but when it does, it's a nice bunce.

[Dave Rand]

Hey cuppa, nice one mate.
I'm doing the same thing at the moment should find out by the 7th February, fingers crossed.

[Jamin_00]

Done mine in September, got it within 6 weeks from calling them :)

Started with a loan I took out when I was 18 to buy a car, then again 3 years later, then again 3 years later. Ended a few years ago but because it was all topped up on the last payment it all counted. Lets say I was a happy bunny and very surprised when the cheque came through.

Defo dont go with one of the ripoff company's as they charge anything like 25%, all you need to do is ring who ever the loan was with at the time and get charged nothing. Plus they ask the same question "why do you feel it was misold?" I had savings to cover any payments, I had parents/friends to help with payments or I got full sick pay should I be off work. 3 good ones :D


Bear in mind it may be taxable!!

[Dave Rand]

I'm ABOUT TO EXPLODE WITH JOY LLOYDS TSB HAVE GIVEN ME BACK £8K WOHOOOOOOOOOOOOOOOOOOOOOO
TREX 700e baby!!!!

[Jamin_00]

Happy days Dave, congrats mate :)


Check whether you have to pay tax on it if you have not already :(

My advise, don't contact the tax man just put a % away in a decent savings account in case you do ;)

[del19_82]

I'm just waiting on mine to be sent through from them, everyone else in my house has had a fair few quid back so I have my fingers crossed for a decent bit of wedge :)


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[Planehazza]

Very very nice. I'm halfway through paying off a £5500 loan I got to buy my car. Don't think there was any PPI but I'll check when I get home :)

[dunny]

I took out a loan in 1997 with M&S money over 5yrs to pay for a kitchen extension, i had PPI as i was/am self employed, do you think they would consider a claim for a loan this old?

wayne

[paul35]

was just going to ask how far back can you claim from :ambivalence:

[choppertastic]

Hows this work. I've had a credit card for years and they just bung the PPI on without me asking. At the time I didn't bother too much about it as the PPI was always small. This has been like this for probably 10 years. Is it worth a punt at them to see if I can get anything?

Cheers
James

[dunny]

[QUOTE=choppertastic;777522]Hows this work. I've had a credit card for years and they just bung the PPI on without me asking. At the time I didn't bother too much about it as the PPI was always small. This has been like this for probably 10 years. Is it worth a punt at them to see if I can get anything?


Cheers
James[/QUOTE]

Do they list your PPI seperate to the interest then? or were do they state that your paying PPI on your credit card statement?

[Dave Rand]

[QUOTE=dunny;777513]I took out a loan in 1997 with M&S money over 5yrs to pay for a kitchen extension, i had PPI as i was/am self employed, do you think they would consider a claim for a loan this old?

wayne[/QUOTE]

Yes mate, it doesn't mater how old it is as long as you have statements showing how much Ppi you paid (makes it harder to get these if it's an older loan/cc)
Get yourself on the Consumer Action Group CAG they have all the info, letters you need etc.
Good luck :)

[cupracing]

[QUOTE=dunny;777513]I took out a loan in 1997 with M&S money over 5yrs to pay for a kitchen extension, i had PPI as i was/am self employed, do you think they would consider a claim for a loan this old?

wayne[/QUOTE]

I don't think you can claim if you asked for the ppi

[LipolyGone]

I managed to get a few quid out if loyds bank but I also had a loan with fiat auto finance
for my old Citroen I finished paying for it it 2004 but couldn't find the paper work when I made loyds claim.
I've now found it but is it to late to claim it back from so long ago?
I was told they wouldn't accept the loan by the salesman if I didn't take out the Ppi even tho I hot full sick pay when off of work.