P.P.I
Thread Starter
Join Date: Jan 2008
Location: There and here
Posts: 2,108
P.P.I
The PPI saga is winding down to it's last few weeks in the UK and the TV and radio are blasting out adverts imploring the good citizens to find out if they have any claims against the financial institutions that illegally charged them for insurance that they neither wanted nor knew about. I haven't bothered to see if I was affected, but am considering seeing if I have been. Seems to me that if the financial institutions were found to be legally liable, then it should be on them to contact and confess to all their current and former clients, rather than the onus being on the clients, many whom have passed on, moved abroad, whatever. They could hold on to hundreds of millions just because of inaction on the part of the customers they cheated for years. Doesn't seem right to me.
Join Date: Feb 2006
Location: Hanging off the end of a thread
Posts: 18,933
DO IT! I didn't think I had any, Nat West has a help line to cover theirs and I called it, they told me I had it on three car loans I had with them in the past and they sent forms out to sign etc... I got £8000 back !!!!!!!!
Join Date: Jul 2005
Location: Canadian Shield
Posts: 536
THANKS FOR THAT, SHJ!!! 
Go to WHICH.co.uk and you can file your claim in 2 minutes! They will even send it to the Institution for you, gratis.
I'd forgotten I was mis-sold a PPI that was tied to a mortgage way back in 1986. The lender approved the loan, then subsequently stated that the PPI policy was a condition of the loan! I had never agreed to it and the house purchase was already completed when their policy arrived.
Cheers!
Go to WHICH.co.uk and you can file your claim in 2 minutes! They will even send it to the Institution for you, gratis.
I'd forgotten I was mis-sold a PPI that was tied to a mortgage way back in 1986. The lender approved the loan, then subsequently stated that the PPI policy was a condition of the loan! I had never agreed to it and the house purchase was already completed when their policy arrived.
Cheers!
Join Date: Jan 2008
Location: Reading, UK
Posts: 12,652
Originally Posted by er340790
Go to WHICH.co.uk and you can file your claim in 2 minutes! They will even send it to the Institution for you, gratis.
Join Date: Nov 2000
Location: Cambridge, England, EU
Posts: 3,431
Originally Posted by SpringHeeledJack
The PPI saga is winding down to it's last few weeks in the UK
Join Date: Jul 2005
Location: Canadian Shield
Posts: 536
Join Date: Jul 2012
Location: spacetime
Posts: 263
One wonders whether Home Equity Release in 10 years time is going to be the next PPI. My email browser, magazine flyer advertising, newspaper adverts and TV adverts are rife with the damn things. I suspect it is going to be poorly sold.
Join Date: Nov 2015
Location: Here
Posts: 313
Originally Posted by NutLoose
DO IT! I didn't think I had any, Nat West has a help line to cover theirs and I called it, they told me I had it on three car loans I had with them in the past and they sent forms out to sign etc... I got £8000 back !!!!!!!!
My wife was contacted directly by M&S financial services quite a few years ago now (possibly 10 years or so), she didn't make any initiating contact with them. It was very simple and I think she got quite a few hundred pounds back.
I don't own this space under my name. I should have leased it while I still could
Join Date: Dec 2002
Location: Lincolnshire
Age: 77
Posts: 16,745
I thought nothing ventured so went ahead. The list of organisations was huge. The results rolled in 'no record'. The best was M&S, my present credit card provider, denied any knowledge of us. The same applied to several other very recent ones as well.
Join Date: Dec 2010
Location: Balikpapan, INDONESIA
Age: 68
Posts: 646
Originally Posted by SpringHeeledJack
The PPI saga is winding down to it's last few weeks in the UK and the TV and radio are blasting out adverts imploring the good citizens to find out if they have any claims against the financial institutions that illegally charged them for insurance that they neither wanted nor knew about. I haven't bothered to see if I was affected, but am considering seeing if I have been. Seems to me that if the financial institutions were found to be legally liable, then it should be on them to contact and confess to all their current and former clients, rather than the onus being on the clients, many whom have passed on, moved abroad, whatever. They could hold on to hundreds of millions just because of inaction on the part of the customers they cheated for years. Doesn't seem right to me.
In our case there seems to be some onus on the insurance companies to initiate remediation.
Got a notice from one of my insurers two weeks ago advising of their "desire to improve customer service".
That followed by a cheque, yesterday, for $678.
I had no idea that I was in for any such refund and still don't know if it was appropriate or adequate.
Perhaps they just did it out of the goodness of their hearts.
Join Date: Jul 2008
Location: -
Age: 51
Posts: 211
I can't believe how long the PPI saga has gone on for. In 2009 I worked for a consultancy firm who was brought in by Alliance and Leicester to sort out their PPI refunds after they had been fined £7.5m for miss selling the product when they were the first company to be investigated by the FSA. Its now been going on for 10 years and cost billions of £ to rectify but despite that I can't recall any individual or board being held to account for the practice, although the A+L fine must have ruffled a few feathers.
Join Date: Dec 2002
Location: Essex
Posts: 97
Did the PPI claim thing about a year ago. it turned out that I was owed about three quid. I said “ Yes, Thanks. I accept this as full and final payment” Never heard another thing ! I guess if you are small fry, they don’t need to bother with the settlement.
I am not loosing any sleep over it!
Give me strength.
I am not loosing any sleep over it!
Give me strength.
PPRuNe Handmaiden
Join Date: Feb 1997
Location: Duit On Mon Dei
Posts: 4,342
Years ago I got a loan through the RBS. Ended up not needing it (long story). Checkboard got onto the RBS site and found a claim form for missold PPI. I filled it in. A few weeks later came back with a cheque for £6k. I got more interest out of the RBS that way than I ever have with their savings accounts. We didn't use any of these tv companies, they'd have snaffled some of the cash for sure.
Join Date: Dec 2009
Location: Southwater
Age: 70
Posts: 0
With a few days to go I finally succumbed and filled in the WHICH form not expecting anything. Ten days ago a letter arrived from HSBC telling me that they have credited my account with the £3,964.45 which they owed me.
To- day the postgirl brought another letter asking me to sign the attached so they may pay my late wife's owed money into my account as I was the sole beneficiary of her estate. Another £1,806.80.
Blimus, I never expected that little windfall.
To- day the postgirl brought another letter asking me to sign the attached so they may pay my late wife's owed money into my account as I was the sole beneficiary of her estate. Another £1,806.80.
Blimus, I never expected that little windfall.
Join Date: Feb 2006
Location: Hanging off the end of a thread
Posts: 18,933
Good to hear Redhillphil, so pleased for you, mine came in three lumps, hence my DO IT!
See, even though you think there was nothing to claim, there often is, as there was in my case, it's a nice surprise and an early Christmas present for you, enjoy it as I did.
Sorry for your loss of your wife by the way, my condolences
See, even though you think there was nothing to claim, there often is, as there was in my case, it's a nice surprise and an early Christmas present for you, enjoy it as I did.
Sorry for your loss of your wife by the way, my condolences
Last edited by NutLoose; 18th Nov 2019 at 23:08.
Join Date: Dec 2003
Location: FL450
Posts: 480
Your luck has been so much better than mine. Claim went in back in July. Nothing heard back. 3 follow up communications and still no response whatsoever. So a threat to report them to the Ombudsman. Still no response. The matter is now in the hands of the Ombudsman. Lloyds by the way.
Join Date: Oct 2004
Location: UK
Posts: 2,084
Originally Posted by UniFoxOs
Similar story with Santander, claim has been in for 15 months now and no settlement.
