Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[pompeyfaith]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

hi all just so you all know,beware if you are told by your bank you do not have ppi,got a standard letter last week saying i had no ppi on my accounts going back 12-15 years ago i knew i had so i challenged the ruling by appealing directly to the ceo,had 2 letters turn up today,one to tell me i had a loan with ppi on 1 to tell me i had ppi on a credit card,if you know you had ppi on borrowings don,t be fobbed off,stick to your guns!

Cappo,

Thats the idea as I have always advocated, challenge ever letter the bank sends you remember to them this is just damage limitation and a consumers well being does not enter there tiny minds.

[pompeyfaith]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Looks like the Government shares of Lloyds and RBS could be given to the taxpayers however the share price that the government paid of RBS 51p and Lloyds 74p would have to returned to the Government when you sell them.

Given that Lloyds shares where 8x that price pre-resession my bet is that they will in time gain on share price and would make a good investment.

So the taxpayer gains on share price the Government gets its bailout costs back providing they do not hit the floor which is remote and more importantly I think, the taxpayer is educated in the merits of investment

http://www.citywire.co.uk/money/ever...Comment#492699

http://www.cps.org.uk/cps_catalog2/g...%20shares2.pdf

[cappo]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

hi all just so you all know,beware if you are told by your bank you do not have ppi,got a standard letter last week saying i had no ppi on my accounts going back 12-15 years ago i knew i had so i challenged the ruling by appealing directly to the ceo,had 2 letters turn up today,one to tell me i had a loan with ppi on 1 to tell me i had ppi on a credit card,if you know you had ppi on borrowings don,t be fobbed off,stick to your guns!

[leclerc]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Help Needed please.
I have a friend that was declared bankrupt and he has been discharged for one year, He has loads of credit cards and loans that were part of the bankruptcy, if he makes a claim for mis-selling and is successful will the money be credited to him or the outstanding creditors (bearing in mind he has been discharged for over a year)?

Many thanks for any help

I'm afraid, that I don't think he make a claim since the loans were included in the Bankruptcy. If he had loans post bankruptcy then by all means but any PPI claim would have to go to the OR and then any left over afterwards would be theirs. I think we had a lot of these types of questions come up over Bank Charges and that was the answer then.

[SoapyBubbles]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

yet another "sorry for the delay, enquiries are taken longer than anticipated" from M&S

It really isn't good enough, is it dogtired?

It's not your fault that their enquiries are taking longer than anticipated! It's not your fault they have built up a massive back log! It's not your fault that your frustrated! It's not your fault they used an unauthorised and unsanctioned hold against your complaint when they should of been processing it as normal!

Yet the banks still treat us like mere immortals!

The whole bloody PPI mess starts with the banks and I sure as hell hope it ends with the banks!

They sold/forced the worthless policies to thousands of people! They dismissed genuine complaints about it! They took their inferior arguement to the courts! They used an unsanctioned hold on our genuine complaints! They've been making us wait for months now through absolutely no fault of our own.

We the customers (and bank bailing tax payers) have done absolutely nothing wrong! We have sat in the sidelines waiting patiently for months

Where does the buck end? Really?

I really don't care if it has only been a week since the Judicial Review officially finished.

Getting a reply now saying "sorry for the delay, enquiries are taken longer than anticipated" really is salt in the ******* wound!

They've had bloody months! And if they had been processing complaints as they were supposed to they wouldn't be in the even bigger bloody mess than they are!

They really are a shower of ********!

Sorry my profanities!

Rant over!

[Footynut]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Help Needed please.
I have a friend that was declared bankrupt and he has been discharged for one year, He has loads of credit cards and loans that were part of the bankruptcy, if he makes a claim for mis-selling and is successful will the money be credited to him or the outstanding creditors (bearing in mind he has been discharged for over a year)?

Many thanks for any help

[dogtired]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

yet another "sorry for the delay, enquiries are taken longer than anticipated" from M&S

[leclerc]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Is it possible to give a manner that is straight forward as to what should be paid, whether that figure is right and perhaps pros and cons of accepting what is offered(apologies if that sounds complicated) but we know that financial institutions are known to perhaps try it on.

Thanks

[di30]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

How to ensure your compensation is paid

</EM>
Banks have to refund billions of pounds to millions of people for mis-selling PPI, but there are ways to help the process along.


http://www.independent.co.uk/money/i...d-2284169.html

The banks have finally given up the fight and will not appeal against the High Court judgment on payment protection insurance (PPI), paving the way for millions of customers to reclaim their money.


It's the news we've all been waiting for, but now for the tricky bit – waiting for the banks to hand over compensation to the tune of an estimated £10bn.
"Refunding billions of pounds to millions of people will be a mammoth undertaking, and to get it wrong would add insult to injury," says Adam Scorer, the head of external affairs at Consumer Focus. "We are calling on the banks to put aside the resources that are going to be needed to ensure people get their money back quickly and efficiently."

There have been more than 1.5 million complaints made about PPI since the Financial Services Authority (FSA) took over regulation in 2005. Now, all the cases which the banks put on hold at the beginning of the High Court case in October 2010 will be re-opened, and the banks will begin the process of addressing these complaints and compensating customers.

For further details, on link above.

[Angry Cat]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Hello. I used JSK Claims myself and it was all fine. they got me back £2k (with interest) and invoiced me for 10%. I got the funds direct. hope this helps!
simon

With the greatest of respect, I do not understand why it would be necessary to go to a claims company in order to reclaim £2,000.00?

Any reasonably intelligent consumer could acheive same, without having to forego/lose 10% of their reclaim!

[Dukeydogg]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Hello. I used JSK Claims myself and it was all fine. they got me back £2k (with interest) and invoiced me for 10%. I got the funds direct. hope this helps!
simon

Thanks, thats who im using too. Just out of curiosity, when did you send them your information?

[simontemple]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Hello. I used JSK Claims myself and it was all fine. they got me back £2k (with interest) and invoiced me for 10%. I got the funds direct. hope this helps!
simon

[pompeyfaith]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Exc,

As the BBA lost I take it that those costs above from the FSA now have to be paid by the BBA.

I would also imagine that the FOS also have similar costs to be paid by the BBA quite a sum taking into account the BBA's own costs must be near £2.5m

Quite a hit for the BBA.

[EXC]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

I asked the FSA what the bill was for external professional and legal fees in defending the Judicial Review under the Freedom of Information Act.

They've responded with a total figure of £867,346.78 + VAT. I would imagine the FOS incurred a similar bill but of course Justice Ousley awarded the costs against the BBA at the judgment hand-down. And with the BBA's and Nemo's own costs I reckon they wouldn't have got much change from £5 million.

Not that much when compared to the billions the banks are now liable for in PPI redress but nonetheless a large chunk of change to lay out for being humiliated in court.

Written response attached.

They're obviously quite pleased with themselves.

[cappo]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Just goes to show you doesn't?

Even the Bank employees don't know who owns who!

Mbna, is a wholly owned subsidiary of the Bank of America Corp and;
nothing to do with the Llloyds Group.

i did think as much if there,s been a sale of mbna bank i know i,ve not heard of it. as you say ac the banks don,t have a clue whats going on.