Topic: Claimimg back PPI (Loan Insurance)

[rob1966]

There's a useful step-by-step guide here: http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#steps and while I can't find a letter I think there's a standard form that are used by all lenders here: http://www.moneysavingexpert.com/redir/b26c6b8f

Halfway down the page on the first link you posted there are two downloads, thats the same form I've used and the same one our kid used.

[Claire.]

Nope, she can certainly claim. Even if you claimed they will deduct it off the premium refund but you will still be owed the standard 8% interest and also any residual PPI premium and interest. Don't let previous claims on the PPI stop you/her.

Thanks, I'll get onto her today about it

[Claire.]

She's had two loans and a mortgage during the time it was bunged in with everything so chances are she's owed about £40

[kmo1969]

I applied for my mum in 2012/13 on a credit card that she had with Lloyd's but they rejected it. Earlier on this year Lloyd's got fined for not handling PPI's fairly and, subsequently 6 weeks ago, sent my mum a cheque for £22k which covered 4 credit cards that ran over quite a few years. I didn't even apply for the other cards but as they were all linked they had to consider them. It's well worth doing even if you don't think you're entitled to anything. I filled in the template from the Martin Lewis site which literally took me no more than 15 minutes.

[Red Beret]

I wasn't forced to take out PPI on my loan back in 2001; it was explained to me what it was about.  But it wasn't until later that I realised that it didn't cover voluntary redundancy (or resigning, presumably, although I can't remember).  I wasn't at risk of redundancy so I never really thought much about it.  I'm sick to death of being cold called about it mind.

[rob1966]

I wasn't forced to take out PPI on my loan back in 2001; it was explained to me what it was about.  But it wasn't until later that I realised that it didn't cover voluntary redundancy (or resigning, presumably, although I can't remember).  I wasn't at risk of redundancy so I never really thought much about it.  I'm sick to death of being cold called about it mind.

Register with the TPS service.

I'm sick to death of hearing radio adverts for these fucking leeches, all we need is your bank name blah blah blah is a massive clue that they do basically fuck all and rob you for the priviledge.

The next thing should be suing these c*nts for the multi millions they have gained from doing nothing you can't do yourself.

[gary75]

Called one of these companies on the off chance I may get something, during the discussion they asked if I have been through an IVA, which I have, and they said they could not take the claim further as I am unable to claim.
Lo and behold, around ten weeks later I get a letter from Barclays asking me to complete a form regarding my loan.
Three months later I get a cheque for just short of £3000.
Instead of using ppi claim back companies, it is best to go direct to the original lender, as other posters have stated.

[Sat1]

Anyone have a template letter I can send to banks I've had credit card/loans with?

[rob1966]

Anyone have a template letter I can send to banks I've had credit card/loans with?

The Martin Lewis site has the one I used  http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#steps

[Rysoph76]

Not looking to get into the shit adverts etc etc but, given the fact that I have had absolutely shit loads of loans and cards over the last 20 years, I thought i'd finally get round to seeing if I can claim anything back. Anyone done it and, if so, can anyone recommend a decent company? I'm not great at keeping paperwork and can't even remember the email addresses that a lot of these accounts were opened with so it needs to be someone that doesn't need me to do a load of leg work!

I did try this about 18 months ago but the company I went to were shite and just sent me a million forms to fill out.

Thanks in advance! 

[rob1966]

Not looking to get into the shit adverts etc etc but, given the fact that I have had absolutely shit loads of loans and cards over the last 20 years, I thought i'd finally get round to seeing if I can claim anything back. Anyone done it and, if so, can anyone recommend a decent company? I'm not great at keeping paperwork and can't even remember the email addresses that a lot of these accounts were opened with so it needs to be someone that doesn't need me to do a load of leg work!

I did try this about 18 months ago but the company I went to were shite and just sent me a million forms to fill out.

Thanks in advance! 

Do NOT under any circumstances use a claims company, bunch of money stealing fucking cowboys. They employ minimum wage clerks to form fill, they cannot and do not do anything more than you can and they take 30 to 40% of YOUR money.

Go on the Martin Lewis site and find the template PPI claims letter. Fill the letter in and send to each one individually. They know if they owe you the money, so will either fuck you off or pay up. I got about £2 grand, our kid got over £22,000

There was an old thread on here on PPI, try to find that. I posted links to the letter in that.

[Rysoph76]

Cheers mate, I see there is a big thing about Egg at the moment and I had £7500 on a CC with them and must have given them about 15 grand over the years, the bellends.

Did search ppi on here but couldn't find a specific thread, just mentions of the adverts in other threads. I'll have a look on MSE forum and do as you suggest. Won't do all of them, just some of the bigger ones.

[Danny Boys Dad]

I always thought that I rejected the insurance but you never know, might be worth sending a few letters.

Is PPI the same as that CPP that some credit cards used to add on?

[Jack the Red]

Yeah, defo do it yourself, it's easy. Me and the missus have had around 20 grand back between us up to now, and still waiting to hear from the last 2. With Barclays you can do it all online as well, and I'm pretty sure other banks/lenders have that option, though not all of them. The moneysavingexpert site has got tons of really useful info and documents.

Speaking of Barclays, they are by far the easiest bank to deal with regarding PPI claims. I had a claim on a Barclaycard rejected a few years ago, then last year out of the blue I got a letter off them saying they'd re-opened a load of claims, with a cheque for £8,800 attached to it. I claimed online with them last year for a loan I forgot I had back in the 90's, took about 6 weeks to get another cheque for just over 5 grand.

Best of luck claiming.

[Danny Boys Dad]

Yeah, defo do it yourself, it's easy. Me and the missus have had around 20 grand back between us up to now, and still waiting to hear from the last 2. With Barclays you can do it all online as well, and I'm pretty sure other banks/lenders have that option, though not all of them. The moneysavingexpert site has got tons of really useful info and documents.

Speaking of Barclays, they are by far the easiest bank to deal with regarding PPI claims. I had a claim on a Barclaycard rejected a few years ago, then last year out of the blue I got a letter off them saying they'd re-opened a load of claims, with a cheque for £8,800 attached to it. I claimed online with them last year for a loan I forgot I had back in the 90's, took about 6 weeks to get another cheque for just over 5 grand.

Best of luck claiming.

How do they give you back that much? Don't they just refund the insurance rather than the loan itself? Surely that's only a few quid a month?

[Rysoph76]

How do they give you back that much? Don't they just refund the insurance rather than the loan itself? Surely that's only a few quid a month?

Some good info here mate

https://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Just been looking since I posted and it can be anywhere between 15 and 30% of the loan or cc apparently.

[Danny Boys Dad]

Some good info here mate

https://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Just been looking since I posted and it can be anywhere between 15 and 30% of the loan or cc apparently.

Bloody hell, might have to open an offshore account with all the loans and cards I've had over the years 

Bet I've turned it down on all of them though

[Rysoph76]

I've just done the online one for Egg. Interesting to hear about Barclays as I have had a Barclaycard and Barclays bank account in the past.

I love the fact that you casually mention there being a cheque for £8800 attached!! I would never live to spend it as the shock would have killed me on the spot!

[Rysoph76]

Bloody hell, might have to open an offshore account with all the loans and cards I've had over the years 

Bet I've turned it down on all of them though

That's what i'm thinking too cos i'm a cheapskate so i'll always say no to any extras (unless it's peppercorn sauce with a steak  ) so there's a chance i'll get nothing but i'm hoping some of them just never asked and added it anyway!

[Jack the Red]

How do they give you back that much? Don't they just refund the insurance rather than the loan itself? Surely that's only a few quid a month?

They also add 8% compound interest. I was only paying off the minimum monthly amount for years, so I think it works out that you pay more PPI that way, hence the big sums.

[Jack the Red]

I've just done the online one for Egg. Interesting to hear about Barclays as I have had a Barclaycard and Barclays bank account in the past.

I love the fact that you casually mention there being a cheque for £8800 attached!! I would never live to spend it as the shock would have killed me on the spot!

It was a shock, like. Had a nice holiday out of it!

[Rysoph76]

They also add 8% compound interest. I was only paying off the minimum monthly amount for years, so I think it works out that you pay more PPI that way, hence the big sums.

Yeah well that's what I always did. What would you say the average time is from the claim to hearing whether you are entitled to anything?

[BabuYagu]

How far back can you go?

I had a loan with HSBC and they robbed me blind. I finally paid it off when I sold all my shit before moving to Brasil and then closed the account. That was years ago now though. Also have another big CC debt from ~15 years ago which ended up costing me about 7k on a 1k CC that I just could never get on top of as I was a kid on minimum wage at the time living alone.

[red_lfc_costello]

Been meaning to look into this for a while now. Don't think I have any, but I spent most of my student lift a short time afterwards in my overdraft and I have a credit card. Just filled in one of the things on MSE so we'll see how that goes!

[Charlie Adams fried egg]

This is worth looking at even if like me you always said no to the extra insurance.

I've since been told that some companies just adjusted the interest rate to include PPI so you got it whether you wanted it or not.

[Rysoph76]

Been meaning to look into this for a while now. Don't think I have any, but I spent most of my student lift a short time afterwards in my overdraft and I have a credit card. Just filled in one of the things on MSE so we'll see how that goes!

Fingers crossed, keep us updated when you hear back. I've done one today but gonna do the rest by the end of the week.

[Brian Blessed]

How far back can you go?

I had a loan with HSBC and they robbed me blind. I finally paid it off when I sold all my shit before moving to Brasil and then closed the account. That was years ago now though. Also have another big CC debt from ~15 years ago which ended up costing me about 7k on a 1k CC that I just could never get on top of as I was a kid on minimum wage at the time living alone.

My dad just got 14K and my mum 4k. That was going back to when they were working, and they've been retired about eight years now. So 15 years may not be out of the question. Worth a try, anyway.

[Rysoph76]

This is worth looking at even if like me you always said no to the extra insurance.

I've since been told that some companies just adjusted the interest rate to include PPI so you got it whether you wanted it or not.

Yeah that was my understanding of it. I'm pretty sure I always said no but I remember hearing somewhere that just saying no didn't necessarily mean that they didn't add it on anyway. Here's hoping!

[Rysoph76]

My dad just got 14K and my mum 4k. That was going back to when they were working, and they've been retired about eight years now. So 15 years may not be out of the question. Worth a try, anyway.

Some of these posts have whetted my appetite! I was thinking of a couple of grand. All this talk of 14k and 22k has got me thinking big!! 

[CraigDS]

Had an Egg card when I was a student and sure I would have said no to any protection but will give it a go anyway and see.

Had a Tesco CC more recently (paid it off and closed it 18 months ago but opened it probably 5-6 years before that) so may give that a go and see what comes back.

[CraigDS]

Some of these posts have whetted my appetite! I was thinking of a couple of grand. All this talk of 14k and 22k has got me thinking big!! 

Guaranteed a cheque for £14.13 now 

[Rysoph76]

Guaranteed a cheque for £14.13 now 

I'd cash out for that now if they gave me a chance cos im a cheap date!!

[CraigDS]

That was pretty easy, no idea if had PPI, and doubt it will be all that much if so as never had too high balance on my CCs and no loans to speak of (other than a mortgage), still though PPI enquiry into 4 companies (2 CC, 1 overdraft and 1 mortgage) and will see what they say.

[Roady]

I assume you can't claim for store cards? 😂 Or for my now deceased parents 😬 Seriously though I've a chance if you can claim for a store card otherwise I've never had a credit card. I did have an account I pod extra for each month for things like holiday insurance etc years ago. Doubt I've a chance of anything 😂😂😂

[BabuYagu]

My dad just got 14K and my mum 4k. That was going back to when they were working, and they've been retired about eight years now. So 15 years may not be out of the question. Worth a try, anyway.

Cheers mate, I'll go for it sees what happens. Congrats on the 'rents windfall. Delighted when people get something back from the banking industry. Fucking sharks the lot of them

[CraigDS]

I assume you can't claim for store cards? 😂 Or for my now deceased parents 😬

You can claim for both. Read the money saving expert link above mate.

[reddebs]

I guess if you're doing the claims yourself you do a separate one for each bank/card/loan etc?? 

Some of the banks I did have credit with don't even exist now so never bothered as I've not had any form of credit for over 20yrs.

Paul has it on the mortgage which he's claimed on when he was made redundant and he still has it.

[Thehunter1978]

How are people doing the Egg claim online? Through the Barclays website as they took them over or somewhere else?

[vladis voice]

This is well worth doing...we used the money saving expert site link (takes about 10 minutes...or approx 5% of the average daily time I spend mooching on here) to claim in respect of a car loan we took out with RBS in 1994. I've always said no to these kind of insurance things but back then we were 20, on our arses and needed the car for work but we're told they would only approve if we took the insurance too.

RBS automatically checked every loan we ever had with them....we got about 5 'no case to answer' letters but did got £2500 back for the car loan one within 6 weeks of applying..missus is now planning on pissing this unexpected windfall away on buying a horse which, I'll be honest, I didn't see coming...but will at least be able to use this in defence of any personal financial excesses (usually trainee/footwear) related she wants to pull me up on for years to come.

[rob1966]

How are people doing the Egg claim online? Through the Barclays website as they took them over or somewhere else?

When I claimed from Egg, they had not long been taken over by Barclays - I got an address from their website to write to, they paid out the £1500 or whatever it was I got back. This was a few years ago now, but deffo go to their website first, if no luck try customer services.