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Reclaiming PPI from lenders.

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odyysey
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2009/07/29 15:17:05 (permalink)
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Reclaiming PPI from lenders.

Hi
 
I've just found a receipt from 2006 tucked away in a old wallet. It was for when I paid my personal loan off with Lloyds TSB in 2006. I'm pretty sure I can claim back the PPI insurance from back then as I remember being gob smacked by the amount of insurance I had been charged when I asked for a settlement figure.
 
My only query is that I just have the loan account number and cannot actually remember exactly how much the loans were for or how much PPI I actually paid, (only that it was extortianate).
 
Has anybody ever made a claim to get their money back or been succesful in a claim?
 
Any help most appreciated.
#1

7 Replies Related Threads

    leemarksmith
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    Re:Reclaiming PPI from lenders. 2009/07/29 17:04:53 (permalink)
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    i'd check moneysavingexpert.com

    Shows you how to etc, and i'm sure there's forum links to people going through this stuff and there experiences...

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    #2
    gingernut
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    Re:Reclaiming PPI from lenders. 2009/07/29 17:51:47 (permalink)
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    Doesn't it have to have been missold?That is recommended to someone who couldn't claim anyway, or higher than stated?
     
    I've always turned this down - back when I had loans and credit cards I was always in and out of work - doesn't cover your at all. More recently I'm self employed and have been off sick a lot - with a preexisting condition which could be linked to just about everything including being hit by a bus. Yet they still try to persuade me. Daft when because of my credit history they only let me have £500 limit on my card which I always pay off in full anyway.
     
    Anyway, do your research then find out for sure.

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    #3
    odyysey
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    Re:Reclaiming PPI from lenders. 2009/07/29 18:50:26 (permalink)
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    Thanks for the MSE.com suggestion.

    Registered and then posted more or less what I typed here. Got some friendly advice to post off a SAR to Lloyds TSB which requests they send me every bit of data they have on me ioncluding loan amoutns, insurnce paid and dates. This can be from more than 10 yrs+ ago.

    It costs £10 and they have 40 days to respond otherwise you can report them. Apparantly this adds much more weight to a case and shows the bank they can't fob you off.
    #4
    Sideeffectwhu
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    Re:Reclaiming PPI from lenders. 2010/03/27 20:23:54 (permalink)
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    I have just got back £609,  and will be paying 30 a month less.  I only acted after they sent me a third letter asking me if I was not happy about the way it was done

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    #5
    chris182
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    Re:Reclaiming PPI from lenders. 2010/03/27 20:40:05 (permalink)
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    My gf deals with ppi claims I will ask her when she gets in but she tells me people have called saying they were miss sold it even after claiming on it lol
    #6
    _GM_
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    Re:Reclaiming PPI from lenders. 2010/03/27 20:45:29 (permalink)
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    if it was mis sold then sure claim it back.

    if you are just trying to get money because you think it was to much then IMO your in the wrong....

    at the time if you thought it was to high you should have said no.

    SAR= subject access request. the amount of paper work you are about to receive is huge!
    #7
    chris182
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    Re:Reclaiming PPI from lenders. 2010/03/27 20:46:06 (permalink)
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    My gf says if you signed an understanding if agreement for the ppi you ain't got much chance of getting it back, you don't need much info in it just how much your loan was for and when it was paid off and she also said don't claim through a third party do it yourself - if you were self employed at the time you will or should have a sucsesfull claim. My gf also says most claims get rejected, if you paid your loan early you could be entitled to a rebate
    #8
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