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

[di30]

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

Oh - May I extend a welcome to those who have 'come out from behind the sofa' and said hello to us here, after following this massive thread for all this time. I guess there are probably many more who have been doing so, and are still reading it, so a sincere 'hi' to you guys, too, and thank you for your interest.

Big credit to our Di for starting it, too, of course !!! Cheers, Di !!! :tinysmile_kiss_t4:

Your very welcome everybody, its been an absolute pleasure Bill/

Its gone a long way this thread and am grateful to LB for giving me the opportunity to start this thread, its been amazing, thank you to all at LB, and so happy that there is finally a happy ending. xx

[pompeyfaith]

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

Flossie,

Firstly can you start a new thread here:

http://www.legalbeagles.info/forums/...ewthread&f=125

This will keep the progress of you claim/complaint all in one place and in time order as this thread is very busy and your posts can get lost.

Soon as you have done that I will gladly go to that thread and offer help and advice.

Regards

[flossie]

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

without seeing the letter word for word it is hard to say whether statutory interest has been given do you have a thread on this where you can upload the letter with pers removed.
[/color]

[/left]

Sorry if this is on the wrong thread. Letter received from RBS below.

05 May 2011
Dear XXXXX

Payment Protection Insurance Policy in association with NatWest Credit Card Number ending xxxx
You will be pleased to know that I have now finished my review into the concerns that you raised about your Payment Protection Insurance Policy. Your concerns are important to us.
This is why we ensure sufficient time is taken to complete a thorough investigation of the issues that you raised.
Your concerns
I believe that your concerns can be summarised as follows:
· You cannot remember any discussion about PPI but know it was added to your
credit card account.
· You were not told of the limitations of the policy as far as self employed status was
concerned nor of the effect of pre-existing medical conditions.
· At no time were the benefits and terms of the insurance explained to you.
· You were not informed that you could arrange other separate insurance.
You kindly took the time to complete and return our the Financial Ombudsman Service's questionnaire the contents of which have been taken into consideration when carrying out my investigation.
My investigation
It is my responsibility to review the circumstances surrounding your purchase of the policy. This means I have examined the records available from the time of the sale as well as considering your comments. I have done this in order to check that you were made aware of how the policy worked and to confirm you were given all the information you needed to
make an informed decision to proceed with it.
On this occasion I have been unable to confirm precisely what information you were given at the time you purchased the policy. In the circumstances, as a gesture of goodwill and without any admission of liability, the Bank is prepared to make you the offer detailed below.
My offer
The Bank is prepared to refund the insurance premiums and interest that you have paid on the policy over the last six years prior to the date of receipt of your complaint and any subsequent premiums applied thereafter to date. Details of our offer are provided in the table below:

(A) The total amount paid in relation to the Payment Protection
Insurance premiums within the last six years from the receipt of

£455.35

your complaint and any subsequent premiums
(B) Monthly variable card interest paid on the Payment Protection

£234.17

Insurance premiums
Our offer = (A) + (B)

£689.52

If you are subject to alternative fiduciary arrangements such as an IVA or Protected trust deed, any payment we make will be made to your credit card account. Any disbursements due under the terms of the arrangement will then be managed by the Credit Card Insolvency Team.
Please note that this money will be automatically credited to your card balance. If however your card is no longer active we will send you a cheque.
As you have made a complaint about the way in which the policy was sold to you, please be aware the Payment Protection Insurance Policy on your Credit Card will be cancelled once you have accepted this offer if this has not already been done. This will result in you no longer being eligible for the benefits provided by the policy.
What can you do next?
I trust that you will find my comments helpful and that my offer fully resolves your concerns. However, if you are not satisfied, you can refer this matter to the Financial Ombudsman Service for further investigation. The services they offer are set out in the enclosed booklet "Your complaint and the ombudsman". Their contact details are as follows: details etc....

Should you decide to refer your complaint to the Financial Ombudsman Service (FOS), it is a requirement that you do so within six months from the date of this letter. This offer will remain available to you until the option to complain to the Financial Ombudsman Service has expired.

To accept my offer, all you need to do is sign and return the declaration at the end of this letter. Please do not make any amendments as this will result in the form being null and void. On receipt the offer amount will be credited to your card balance. If however your card is no longer active we will send you a cheque. We will endeavour to make payment within 28 working days of receipt of the acceptance form.
I look forward to hearing from you but should you have any questions please do not hesitate to get in touch.



What should my reply be? Is that a reasonable offer and do they only have to go back 6 years?

[pompeyfaith]

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

The media trying to shift the blame now lol anything for a sale

http://blogs.telegraph.co.uk/finance...e-ppi-scandal/

[pompeyfaith]

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

http://www.stockmarketwire.com/artic...banking+stocks

[di30]

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

mine go back to about 2002-2005 2 loans i took out at our local branch they shouid have them shouid,nt they,do you think if i tried to sar them it,d be a cop out di ,i suppose my local branch is only down the road.

If the branch is local to you, I would pay them a visit first, you could ask to speak to the manager.
If that does not work, maybe SAR to the data dept.

[cappo]

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

Hi Cappo

How long ago was this?
Not that it makes any difference.
Have you a local HSBC? If so I would pop in and give them as many of your details as possible.

I was talking to someone the other day, different bank though, and they called into the branch and asked for details etc., they were informed they do not longer hold them, then they asked for the manager, had a word and all the info was there in black and white, this is going back well into the 90's.

mine go back to about 2002-2005 2 loans i took out at our local branch they shouid have them shouid,nt they,do you think if i tried to sar them it,d be a cop out di ,i suppose my local branch is only down the road.

[di30]

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

a question for you guys i,ve got two loan accounts i,ve now been trying to track down from hsbc a considerable amount of money if they were missold but they probably were as it was a single premium and an advised sale, anyway i can,t find the agreements, if i sar the bank will they be obliged to send copies or will they just say knowing there for ppi reclaims, will they just say they cant find them

Hi Cappo

How long ago was this?
Not that it makes any difference.
Have you a local HSBC? If so I would pop in and give them as many of your details as possible.

I was talking to someone the other day, different bank though, and they called into the branch and asked for details etc., they were informed they do not longer hold them, then they asked for the manager, had a word and all the info was there in black and white, this is going back well into the 90's.

[millymollymoo]

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

Financial Mistake = Restitution

[SoapyBubbles]

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

This is the direct and free phone number

0800 085 1409

for the 'MBNA Customer Advocate Department'.

It's not on their website so thought I'd post it up.

Lines could be very busy I suspect though........:ranger:

[cappo]

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

a question for you guys i,ve got two loan accounts i,ve now been trying to track down from hsbc a considerable amount of money if they were missold but they probably were as it was a single premium and an advised sale, anyway i can,t find the agreements, if i sar the bank will they be obliged to send copies or will they just say knowing there for ppi reclaims, will they just say they cant find them

[pompeyfaith]

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

Also, I do not now owe anything on the card and pay it off each month. Do I have to have the refund credited to the account. I have never missed any payment.

Only if you are in arrears, which you are not so no you want a cheque payable to you.

I cannot remember how many years ago I took the card, but it will be longer than 6 years. It is not a figure to be sniffed at but does this include the 8% interest and is it all I could expect to get back under the terms of the JR and FSA rules? I noted that the letter was sent last week when the decision not to go ahead with the appeal had not been released.

without seeing the letter word for word it is hard to say whether statutory interest has been given do you have a thread on this where you can upload the letter with pers removed.

[flossie]

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

Brilliant news that the BBA are not going to appeal. This website is great and so full of helpful posts.
I am one of the lurkers that doesn't post much, but would appreciate some advice.

I have received a letter today from RBS regarding PPI on my NatWest credit card. A letter dated 27th April said they were still investigating, but the letter received today, dated 5th May, says they have investigated and cannot confirm what information I was given and the Bank is prepared to make me a goodwill offer, without any admission of liability.

They have offered me total PPI payments paid in past 6 years (£455.35) and monthly variable card interest paid on PPI (£234.17). If I accept it is in full and final settlement and will be credited to my card balance.

I cannot remember how many years ago I took the card, but it will be longer than 6 years. It is not a figure to be sniffed at but does this include the 8% interest and is it all I could expect to get back under the terms of the JR and FSA rules? I noted that the letter was sent last week when the decision not to go ahead with the appeal had not been released.

Also, I do not now owe anything on the card and pay it off each month. Do I have to have the refund credited to the account. I have never missed any payment.

[pompeyfaith]

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

http://www.proactiveinvestors.co.uk/...ise-28013.html

[pompeyfaith]

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

Greetings All,

Oh happy days, now with regards to my MBNA case which is stayed on the terms of the tomlin this contains a considerable amount of PPI have the statments to prove this, but they produced a microfitch agreement where the PPI tick box was not ticked and denied that I had ever paid it.

So I am going to get a solicitor onto this one as this JR result has just made my case stronger I am going to use the unfair relationship, there lies in court to a judge, the PPI and the constant harrassment.

I will spend a week or too getting this together then take it to a solicitor to get the stay lifted.