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P.P.I

Old 13th Aug 2019, 15:08
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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.
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Old 13th Aug 2019, 16:53
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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 !!!!!!!!
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Old 13th Aug 2019, 16:59
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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!

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Old 13th Aug 2019, 17:38
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Originally Posted by er340790 View Post
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.
Well over 2 minutes on the Which website failed to find any reference to PPI claims.

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Old 13th Aug 2019, 17:42
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Originally Posted by SpringHeeledJack View Post
The PPI saga is winding down to it's last few weeks in the UK
One had hoped that when the deadline came that would put on the scammers and spammers out of business, but apparently not - there are already ads to try to scam people about other products.
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Old 13th Aug 2019, 17:46
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Here you go......

https://www.which.co.uk/consumer-rig...free-ppi-claim
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Old 13th Aug 2019, 18:08
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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.
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Old 13th Aug 2019, 18:09
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THANKS FOR THAT, SHJ!!!
My pleasure, but wait until you're successful and then buy me a drink down the pub
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Old 13th Aug 2019, 18:09
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Originally Posted by NutLoose View Post
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 !!!!!!!!
Result!

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.
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Old 13th Aug 2019, 22:15
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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.
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Old 13th Aug 2019, 22:36
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Originally Posted by SpringHeeledJack View Post
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.
Oz has just been through a very similar process (Royal Commission into the banking industry, etc.)
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.
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Old 14th Aug 2019, 17:37
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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.
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Old 15th Aug 2019, 18:18
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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.
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Old 16th Aug 2019, 11:23
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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.
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Old 16th Aug 2019, 12:09
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I put a claim in s couple of years ago, more to make them go away than expecting to get anything.
I did get 160 or so back from Egg. Paid for school shoes for the boys that term.
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Old 18th Nov 2019, 17:02
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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.
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Old 18th Nov 2019, 22:56
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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

Last edited by NutLoose; 18th Nov 2019 at 23:08.
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Old 19th Nov 2019, 07:07
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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.
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Old 19th Nov 2019, 07:31
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Similar story with Santander, claim has been in for 15 months now and no settlement.
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Old 19th Nov 2019, 08:22
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Originally Posted by UniFoxOs View Post
Similar story with Santander, claim has been in for 15 months now and no settlement.
Is that perhaps because you put in a speculative claim, in the hope the banks would just cough up to save the hassle of fighting it? However even if that was the case the bank really should acknowledge and reject claims.
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