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PPI

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By (user no longer on site) OP   
over a year ago

Has anyone on here got anything back from a PPI claim?

Was it a ball ache to process?

Ben x

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By *uzzy NavelWoman
over a year ago

so near and yet so far....

Bookmarking, are you posting this because of the looming deadline?

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By *ed-monkeyCouple
over a year ago

Hailsham

Yes ... used to be more of a ball ache ... but much simpler now

You can employ the agencies, but they will take a significant chunk of it.

Personally... after chaffing all of mine down I received nigh on £20k in total ... so it is worth pursuing

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By *agicfingerslovelyMan
over a year ago

Rugby

The excellent Martin Lewis is well worth a visit.

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By *dward_TeagueMan
over a year ago

wolverhampton

It’s pretty easy to do and steer clear of those companies that offer to do it for you.

You should be able to download the relevant paperwork from the organisation’s website. Google will be your friend, just search (for example) NatWest PPI and away you go.

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By (user no longer on site) OP   
over a year ago


"Bookmarking, are you posting this because of the looming deadline?"

I guess so. I never pursued mine as I have moved 10+ times in the last 20 years, and really couldnt be arsed to start the process. Starting g to wonder if it's a missed opportunity to see if I could claim.

I would probably go the agency route, as again, not sure I can be arsed to put the legwork in if there are no returns.

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By *adyJayneWoman
over a year ago

Burnleyish (She/They)

I'm going down the agency route. 20% of nothing is nothing. If they get me some back then great...

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By *ocketman99Man
over a year ago

fermanagh

Two letters, two stamps, then boom, your cheque! The templates for the letters are available on Martin lewis website! Veery simple process

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By *rumpyMcFuckNuggetMan
over a year ago

Den of Iniquity

I did. I got nearly a grand . But dont forget you will get billed for their fees after you get the money , so beware

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By (user no longer on site)
over a year ago


"I'm going down the agency route. 20% of nothing is nothing. If they get me some back then great..."

Most ‘agencies’ charge 35%, PLUS V.A.T.

Add that up, better part of 40% of any ‘return’.

As stated earlier, easier these days to go it alone.

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By *opilotMan
over a year ago

Heathrow

I followed the Martin Lewis route and was quite simple to follow, only to find out that not many mortgages had PPI, so there is nothing to claim. I'm now going to try an agency, just in case.

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By *arcuszMan
over a year ago

Billingshurst

DO IT NOW!! Arrghargh!

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By *c1989Woman
over a year ago

Manchester

I'll be glad to see the back of the adverts that's for sure.

I used to work the phones in a ppi places years ago. Very much moved onwards and upwards.

The process these companies follow to seek your refund is really simple and mostly automated once you have filled in their pro forma claim form. They did get my mum a significant sum back...

Then took 30%

I got my aunt a few pennies back too when I did hers for her. Here were mostly small finance loans for household furniture though.

From what I remember themax they could charge is 25% plus vat of the compo although it looks like it was recently capped at 20% plus vat.

Remember the worst offenders were Lloyd's bank and their associated entities. Black horse being up there in top 3 worst offenders.

I'm too young to have ever had any products with it attached really. It's a significant windfall for most people so definitely worth the hassle of a couple of letters. Unless you know. You're a rich fucker.

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By *ntrigued32Couple
over a year ago

Nottingham

What if you don't have the relevant paperwork to confirm you had credit with them?

Jo.Xx

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

Use Resolver. Nothing to pay, easy to do. We have had in excess of 30k. Don't use agencies, just don't

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"What if you don't have the relevant paperwork to confirm you had credit with them?

Jo.Xx "

Provide names, addresses etc and as much information as possible

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

I'm going to say it again just to be sure.

Do not use agencies. Visit Martin Lewis's site, look for info about Resolver then spend a little time claiming that way.

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By *ntrigued32Couple
over a year ago

Nottingham


"What if you don't have the relevant paperwork to confirm you had credit with them?

Jo.Xx

Provide names, addresses etc and as much information as possible "

Thank you very much. Appreciated.

Jo.Xx

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By *c1989Woman
over a year ago

Manchester


"What if you don't have the relevant paperwork to confirm you had credit with them?

Jo.Xx "

They should have paperwork. Really... technically... you should simply be able to write to your provider and ask the question. I believe Lloyd's were told off for not being upfront with those that were claiming and ended up paying out even more. Anyway...

One thing I remember the co I worked for doing is a subject access request under the old data protection act where clients said paperwork was no longer available. Other clients were like me and my aunt, I have bits of paper I dont need going back to my early teens lol.

The new DPA has the same thing. So the company would request all records held on you from say Lloyd's, or specifically any finance/loan agreements, review it to see if ppi (sometimes it had a different name) attached then make the claim on your behalf. It can be helpful for the banks etc if you know roughly when you had a particular product.

It sounds complicated but it isnt really.

Theres nothing to lose in sending a couple of letters, except time is no longer on your side so get the letters in now.

And good luck

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By *J StathamMan
over a year ago

Manchester

It's a much easier process than people think and much easier than the banks and these third party companies would like to make out

1. Call the bank and ask to speak direct to their ppi dept

2. Go through security questions and then ask them to find out if you had PPI in any of your accounts as far as they can go

3. If you feel it was mis sold to you then you are entitled to put in a 'complaint' to claim it back

Note: PPI is and was a valid insurance which people could and still can use but there was a period of around 30 years where it was being mis-sold a lot of people, if you feel like you was one of those people and you can provide your bank with the reason as to why you think/know it was mis-sold to you then let it be known to them.

4. You will then not here from them for like 8 which as they will be searching all their databases to try and prove you wrong and if they can't then they will pay you all the money you spent on that insurance

5. It will be in your account within a month

6. Share with Nathan Statham

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By *s_bettyboopWoman
over a year ago

-3


"Use Resolver. Nothing to pay, easy to do. We have had in excess of 30k. Don't use agencies, just don't "

Definitely,resolver is great. I done it for my mom, dad and sister using this and they all got money back.

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By *om and JennieCouple
over a year ago

Chams or Socials


"I'm going down the agency route. 20% of nothing is nothing. If they get me some back then great..."

Snap! Although not been successful so far. My mum had a small payout using an agency then did her others on her own. She’s had £33k!!!

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By (user no longer on site)
over a year ago

I struggle with how people managed to take on loans that meant they paid thousands more than they ought too

I'm not even sure it was all mis sold.

I went down the checking route and was happy to find I was entitled to £22.59 to me I meant I had done my due diligence on any loans correctly

Good luck though

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"I struggle with how people managed to take on loans that meant they paid thousands more than they ought too

I'm not even sure it was all mis sold.

I went down the checking route and was happy to find I was entitled to £22.59 to me I meant I had done my due diligence on any loans correctly

Good luck though "

It wasn't that we paid thousands more than we ought to. The money you get back is all the premiums from mis sold policies, plus interest of about 8% plus compensation.

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By (user no longer on site)
over a year ago


"I struggle with how people managed to take on loans that meant they paid thousands more than they ought too

I'm not even sure it was all mis sold.

I went down the checking route and was happy to find I was entitled to £22.59 to me I meant I had done my due diligence on any loans correctly

Good luck though

It wasn't that we paid thousands more than we ought to. The money you get back is all the premiums from mis sold policies, plus interest of about 8% plus compensation. "

All the premiums are you sure ?

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By *ed-monkeyCouple
over a year ago

Hailsham


"I struggle with how people managed to take on loans that meant they paid thousands more than they ought too

I'm not even sure it was all mis sold.

I went down the checking route and was happy to find I was entitled to £22.59 to me I meant I had done my due diligence on any loans correctly

Good luck though

It wasn't that we paid thousands more than we ought to. The money you get back is all the premiums from mis sold policies, plus interest of about 8% plus compensation.

All the premiums are you sure ? "

Yes ... how's the smug mode now?

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By (user no longer on site)
over a year ago


"I struggle with how people managed to take on loans that meant they paid thousands more than they ought too

I'm not even sure it was all mis sold.

I went down the checking route and was happy to find I was entitled to £22.59 to me I meant I had done my due diligence on any loans correctly

Good luck though

It wasn't that we paid thousands more than we ought to. The money you get back is all the premiums from mis sold policies, plus interest of about 8% plus compensation. "

All the premiums are you sure ?

So you mean say for example you paid 100 a month for payment protection you would get that back

But that still means you paid thousands more than you ought if you had looked into it properly

Or am I mistaken

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By *ady LickWoman
over a year ago

Northampton Somewhere

We got stung for 40% of our money because we couldn't be arsed to do it ourselves!

I need to call barclays for something that I've been paying for 20 years.

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By (user no longer on site)
over a year ago


"We got stung for 40% of our money because we couldn't be arsed to do it ourselves!

I need to call barclays for something that I've been paying for 20 years. "

And you now realise you have been mis sold it how

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By *ingle Beds LassWoman
over a year ago

Bedfordshire

I got almost £6k back doing it myself... just claimed for mortgage PPI on behalf of my dad who passed away last year... just started the process so will see how that all goes

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"I struggle with how people managed to take on loans that meant they paid thousands more than they ought too

I'm not even sure it was all mis sold.

I went down the checking route and was happy to find I was entitled to £22.59 to me I meant I had done my due diligence on any loans correctly

Good luck though

It wasn't that we paid thousands more than we ought to. The money you get back is all the premiums from mis sold policies, plus interest of about 8% plus compensation.

All the premiums are you sure ?

So you mean say for example you paid 100 a month for payment protection you would get that back

But that still means you paid thousands more than you ought if you had looked into it properly

Or am I mistaken "

I'm not prepared to go into details of my private financial affairs but if you're trying to say I didn't investigate an insurance policy that I took out correctly then you're probably right. I was given over 30k because it was mis sold and silly old me, I believed what the bank official told me.

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

And yes, I am sure

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"I struggle with how people managed to take on loans that meant they paid thousands more than they ought too

I'm not even sure it was all mis sold.

I went down the checking route and was happy to find I was entitled to £22.59 to me I meant I had done my due diligence on any loans correctly

Good luck though

It wasn't that we paid thousands more than we ought to. The money you get back is all the premiums from mis sold policies, plus interest of about 8% plus compensation.

All the premiums are you sure ? "

Absolutely.

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By *dward_TeagueMan
over a year ago

wolverhampton

PPI was missold as lenders didn’t check if the borrower already had over elsewhere; how long the borrower’s employer would pay them their full salary if they were offf sick and then bundled it all up with the actual finance repayments and charged interest on the lot. Interest should not have been charged on the insurance premium because that money wasn’t being borrowed.

That’s why payment refunds vary so greatly.

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By (user no longer on site)
over a year ago

Some financial institutions even made reference to the approval of loans, mortgages, etc., being dependent upon the inclusion of PPI.

When we did our claims, we stated on the claim forms, we felt ‘pressured’ into taking out PPI, otherwise, our loan/mortgage would not have been approved.

And, yes, we got ALL PREMIUMS refunded, plus the 8% interest.

One word of caution....we were then hit with a sizeable tax bill, for the ‘compensation’...it did say that when we filled in the forms, and when compensation was awarded. Not fully aware of the technical details/tax laws involved, but, did get screwed for it.

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By *ady LickWoman
over a year ago

Northampton Somewhere


"We got stung for 40% of our money because we couldn't be arsed to do it ourselves!

I need to call barclays for something that I've been paying for 20 years.

And you now realise you have been mis sold it how "

I didn't realise I was still paying and not sure I was miss sold it. I went to see an adviser at my bank. That alright with you?

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