PPI Claims

I may be missing the point of this thread but the major banks have made £ billions of provisions against valid PPI claims so one presumes they, and their auditors, believe PPI was mis-sold in a big way. This admission has opened the floodgates for claims, real and bogus, so it is no surprise that all involved in assessing the claims are overloaded. Personally, I don't think I bought PPI but that doesn't stop fraudsters calling offering to pursue my claim, adding to the confusion.

i have just been successful with a ppi complaint against a wellknown clothing company who also deal with finance.
all it took was a phonecall from me, details taken over the phone.
i have to say they were extremely helpful and efficient, and the whole process took aproximately 8 weeks. just waiting for the settlement figure to be paid into my account.
having been encouraged by this, i am now submitting a complaint to my bank, again another phone call, and await with baited breath!

www.guardian.co.uk/money/interactive/2011/apr/21/reclaim-your-ppi-template-letter?oo=990&askid=c04c6b27-ece6-4fd0-9944-907143db5a0a-0-uk_gsb

If you click the link it should get you to where you can find a template to download and fill in and send to wherever you got the loan from. Do not go through an agency they take % of your money!

I contacted a claims company in Febuary as i knew I had paid PPi on some closed credit card accounts over the years. After 6 months, turned out Virgin was the only one i had taken it out with and as I had applied and signed on line, my claim was rejected. I was'nt working, did'nt need it and can only say my lack of understanding and internet was my down fall. My case has gone to the FSA.
I have since found an old bank statement ,2004, showing another card which I paid PPI on for a few months.I contacted them ,they confirmed this and said just send a letter stating my case. No forms, companys or anything,I may get some joy this time. By the way I have improved on my internet skills .

My daughter just got £6000 from her bank for mis-sold PPI. She did it by downloading a standard claim letter and sending it to the bank where she had taken a loan. They then sent her a form to complete. Took a max of 2 months. no middle man to take a percentage!

I contacted a company to get ppi and received forms to fill in which I did and sent back nothing further has happened not a yeah or a nae think it must be a load of codswallop

I used to work for the FSA and PPI is deemed mis-sold in a numbr of ways - the easiest to prove is that the policy did not cover you (for instance you were self-employed & the policy only covered you if you were employed) others are if you said no & they took it out anyway, or if it was included in figures you were given & you were not shown costs without PPI . As one ad puts it if you didn't want, need or ask for it.

If you claimed on a policy it is very unlikely to be deemed as mis-sold unless they rejected your claim

My daughter received a substantial sum of money as repayment of a PPI policy without any recourse to claims companies. Indeed she made no claim at all. Her credit card company simply sent her a cheque for the amount she had been paying out each month over a number of years plus interest

Sadly it appears that the free advice has no weight the companies seem to be giving preference to the claim companies. Have tried taking up with Martin Lewis etc but they seem uninterested in looking into matter so have gone straight to FSA and news media to ramp up debate.

I believe some claims management companies are charging 25% of the refund. If I had a claim I would look at the advice Martin Lewis gives (freely) on his site.