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

[pompeyfaith]

Re: Latest updates on PPI Judicial Review and claims on hold

This states what I believe we have all been saying for a long time, that the banks are not above the law.

http://www.independent.co.uk/money/s...y-2274024.html

[debtisbad]

Re: Latest updates on PPI Judicial Review and claims on hold

Hey Bill, Egg are about to pay out on my PPI claim. I'll PM you their calculations when I get 'em. Those Egg boys are the biggest knob jockeys of them all and I'll need to go back for more £ by being armed with enough ammo to take down their HQ. Hope you can help me do it.

When I attempted to claim back my PPI on an account with Egg, they sent the usual refusal letters. Since I insisted that they had mis sold the insurance, they eventually sent a sound file to me of the "sales conversation".

What a joke. I said I was in Belgium and worked abroad most of the year and the sales person said that she would put the insurance through immediately to give me instant cover. Anybody knows that PPI does not cover people working abroad.

Not only that, but the sound file needed a lot of technical know-how to open, as they sent a pin number as well, meaning that many none-technical people would give in.

I had to write to Egg yet again and they eventually paid.

What a bunch of gangsters they are.

[Bill-K]

Re: Latest updates on PPI Judicial Review and claims on hold

You seem just a little bit cross there, DS. Ah well, it's Easter innit ? If you can't crack a few eggs then, when can you ?

Re: Latest updates on PPI Judicial Review and claims on hold

Hey Bill, Egg are about to pay out on my PPI claim. I'll PM you their calculations when I get 'em. Those Egg boys are the biggest knob jockeys of them all and I'll need to go back for more £ by being armed with enough ammo to take down their HQ. Hope you can help me do it.

[Bill-K]

Re: Latest updates on PPI Judicial Review and claims on hold

If leclerc abdicates, we have here a worthy contender for the title!

Oooops. I guess that's what happens if you stand and point at people - it makes you conspicuous !!! I'm going back behind the sofa.

I am a great one for talking about a press angle because unless you have one, they aren't interested.

You're right, of course, M. LeClerc - otherwise, as Cappo has said - it just gets binned.

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

The lending code was updated in March I believe?

http://www.lendingstandardsboard.org...endingcode.pdf

Section 10

: Complaints

In line with the FSA DISP Rules, all subscribers should have a set of internal procedures for handling complaints, and staff dealing with customers should know what these are so that customers can be informed if the need arises. Procedures should be clear and well defined.
On entering a contract, customers should be informed about where they can find details of the subscriber’s complaints handling procedures.
Details of the internal complaints procedures should be given to customers who wish to make a complaint.
If a subscriber is unable to resolve a complaint to the customer’s satisfaction by the close of business on the day following receipt of the complaint, the subscriber should provide a prompt written acknowledgement that the complaint is being considered.
Customers should be kept informed about the subscriber’s progress in dealing with the complaint and within eight weeks should receive a final response or an explanation as to why a final response has not yet been reached. The Customer should also be informed that they can refer their complaint to the Financial Ombudsman Service (where applicable) and how to do so.
Enforcement of compliance with these requirements is the FSA’s responsibility.

[cappo]

Re: Latest updates on PPI Judicial Review and claims on hold

this is how the banks wouid rather use your ppi refunds,shame on them!



http://www.independent.co.uk/news/bu...y-2273786.html

[cappo]

Re: Latest updates on PPI Judicial Review and claims on hold

Not to worry, it was just a suggestion

Even though I do think they will ignore the letter, but just thought it "may" have been worth a try at the time lol.

and a good suggestion ,yes the banks probably will appeal knowing what a bunch of twisters they are who care nothing about there customers and have absolutely no morals and consciences whatsoever,yes the letter will probably be binned as angelas mob don,t give a toss(sorry budgie & ame) about anything but there own ill begotten "bonuses" (how can you get a bonus for being totally dysfunctional and useless, self serving and as soapy put it i believe, for being highwaymen) at least dick(turpin) got hung, not likely to happen to the bankers unfortunately, a letter is something ,a voice for the forgotten consumers who sit there twiddling there thumbs while these big "giants" of the commercial banking world try to in some cases to destroy peoples entire future by taking yes by stealing peoples money, if any bankers are reading this,this means you. (these thoughts do not or are not in any way sponsored or supported by legal beagles they are my own thoughts and i stand by them, if i was the fsa i wouid,ve closed half these clowns down by now, runs on the banks be damned)

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

If it isn't one thing - its always another where banks are concerned.

http://www.nebusiness.co.uk/business...1140-28567951/

Higher interest rates loom after PPI ruling.


CONSUMERS could face higher interest rates and charges after the banking industry lost its High Court challenge over payment protection insurance (PPI) this week.

Commentators warned that the banks were likely to look for ways to increase their revenue after they were left with a £4.5bn compensation bill following the ruling, although they may seek to appeal the decision.

The defeat comes at a time when the industry is already suffering from the impact of the credit crunch, which has increased banks’ borrowing costs, making mortgages and loans less profitable.

They are also set to have to find £110bn during the coming year to repay government support schemes.

Kevin Mountford, head of banking at moneysupermarket.com, said: “The PPI compensation is going to be a costly exercise for the banks.
“However, it is likely that in the long-term it will still be consumers who suffer the most, as any losses by the banks will likely result in the form of higher costs or fees.”

He said groups that had only one product, such as stand-alone credit card providers, were likely to have to raise the rates on these, but other providers could raise rates and charges across a range of products.

More details on posted link above.

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

Not to worry, it was just a suggestion

Even though I do think they will ignore the letter, but just thought it "may" have been worth a try at the time lol.

[cappo]

Re: Latest updates on PPI Judicial Review and claims on hold

i bet di wishes she had,nt bothered mentioning it now

[charitynjw]

Re: Latest updates on PPI Judicial Review and claims on hold

Au contraire, AC. The guy's knowledgeable verbosity makes me bow down.

Do your duty, Monsieur Le Clerc.

Let him that hath objection, voice them now -

Or forever hold your piece [sic].

I'm holding mine in readiness...

Cometh the moment - cometh the man.
------------------------------- merged -------------------------------
Sorry - couldn't help it. I got too excited.

I'll clean up.

Baby wipes, please ?

If leclerc abdicates, we have here a worthy contender for the title!
I just wish I could write letters like what you guys write (that's me off the hook, lol)

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

I am not impressed by your recent disparaging remarks, leclerc!

Well I don't particularly care about what someone else thinks of my remarks cos they are free to ignore them(most of site team here does anyway ).
However, I think I was clear in my remarks that simply put things into perspective. Vent about delays as much as you like, vent about the fact that the banks are going to appeal the judgement and further delay claims, but realistically, and you know how much banks ignore letters, what exactly does a venting letter actually serve in the whole picture? It won't suddenly change the minds of the bankers/lawyers dealing with the PPI case, I think the FOS/FSA would agree with the sentiment but believe that the legal process should be concluded as speedily as can be, and I doubt anyone would write to Nemo Personal Finance who yet again would be in the same boat as the BBA.
Should I stand quiet and simply say, Yes that is a great idea to do? The answer is that if you want to vent your anger by all means write a letter to the various parties if that makes you feel like you're doing something, but in the scheme of things be aware that it will do absolutely nothing to change the process whatsoever. Rational thinking people would have come to that conclusion already and I am a great one for talking about a press angle because unless you have one, they aren't interested and therefore renders any such letter a waste of time and energy.
However, as you have pointed out it is for site team on LB to decide what they want to do but individuals have the right to do a letter themselves and send it, freehand rather than a templated one to the various people involved and I am sure we can provide the address details for them to do that themselves.

[cappo]

Re: Latest updates on PPI Judicial Review and claims on hold

Au contraire, AC. The guy's knowledgeable verbosity makes me bow down.

Do your duty, Monsieur Le Clerc.

Let him that hath objection, voice them now -

Or forever hold your piece [sic].

I'm holding mine in readiness...

Cometh the moment - cometh the man.
------------------------------- merged -------------------------------
Sorry - couldn't help it. I got too excited.

I'll clean up.

Baby wipes, please ?

i for one di think it,s an excellent idea (a combined fsa/fos/bba) letter that is. i don,t know if it will make a massive difference but hey if you don,t try you don,t know do you, better than doing nothing moaning isn,t it,everyone as i always say is entitled to there own opinion

[Bill-K]

Re: Latest updates on PPI Judicial Review and claims on hold

I am not impressed by your recent disparaging remarks, leclerc!

Au contraire, AC. The guy's knowledgeable verbosity makes me bow down.

Do your duty, Monsieur Le Clerc.

Let him that hath objection, voice them now -

Or forever hold your piece [sic].

I'm holding mine in readiness...

Cometh the moment - cometh the man.
------------------------------- merged -------------------------------
Sorry - couldn't help it. I got too excited.

I'll clean up.

Baby wipes, please ?