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

[skv123]

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

The data Barclays published covers almost half of the 'no quibble' policy period to the end of August so I think it does have relevance.

On the basis that Barclays have only managed to resolve 19,000 of 73,000 complaints in an almost 2 month period (9 May to 30 June) it doesn't suggest to me that they are capable of resolving a significant proportion of the balance in a further 2 month period (1 July to 31 August).

I hope you're right and that they will but in my view it seems unlikely.

I could be way out but wasn't the "no quibble approach" confirmed around 13th June? Meaning that actually they only had 17days in the stats you are referring to?

Again I want to make it clear that I am going from my experience but letters from Barclays and First Plus have been flying in for the past 2/3 weeks and it seems likely to me that they are more likely than the rest to meet this deadline because of the approach they decided to take.

I also think they opted for that approach largely because they were aware of the stats you are referring to.

[EXC]

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

I haven't even clicked the links EXC. "The first half of this year" is the most significant thing in your post.

The no quibble policy is basically irrelevant in the first half of the year especially when the waiver to 31st August is taken into account.

I also quite clearly qualified my post in that i was dealing with a small sample size and I think it was clear i was talking about the here and now in light of the August 31st deadline.

The data Barclays published covers almost half of the 'no quibble' policy period to the end of August so I think it does have relevance.

On the basis that Barclays have only managed to resolve 19,000 of 73,000 complaints in an almost 2 month period (9 May to 30 June) it doesn't suggest to me that they are capable of resolving a significant proportion of the balance in a further 2 month period (1 July to 31 August).

I hope you're right and that they will but in my view it seems unlikely.

[skv123]

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

I'm not sure that's right. Figures released by Barclays today show that in the first half of this year they've not managed to close even a third of all insurance complaints they received and upheld just 52%, despite the 'no quibble' policy with complaints put on hold during the Judicial Review.

Barclays.com - UK complaints data

BBC News - Barclays: PPI complaints

I haven't even clicked the links EXC. "The first half of this year" is the most significant thing in your post.

The no quibble policy is basically irrelevant in the first half of the year especially when the waiver to 31st August is taken into account.

I also quite clearly qualified my post in that i was dealing with a small sample size and I think it was clear i was talking about the here and now in light of the August 31st deadline.

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

thanks so based on your own stats , hsbc have addressed 100% of complaints within the deadline

nope, not if you count First Direct as HSBC.

[Paul210]

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

thanks , are you expecting this to continue up to aug 31st or past it, what % of your book affected by the JD still remains outstanding, be interestng to give us all an idea of how serious this aug 31st target is or not?

thanks

We had a large % of book held due to JR (aledgedly) roughly 2/3rds. I expect it to continue right up to the deadline and for a few days past it, at least 1 lender told us verbally that they have until 31/8 to issue letters, not to get them to clients so just allowing for royal mail delivery some will still be landing on door mats on 2/3/5 sept. Then theres the multitude where lenders (mainly HSBC) are upholding pending calculations, its likely we may not see any figures on these until towards the end of september which will then likely pay out during October.

[cappo]

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

thanks so based on your own stats , hsbc have addressed 100% of complaints within the deadline

They have for me what they've done for everyone else i don't know

[MBD23]

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

Thats it from them,now waiting for a sar from LTSB for 2 credit cards and that just about ties it up,i also have 2 in with the fos probably won't know the results in this century lol

thanks so based on your own stats , hsbc have addressed 100% of complaints within the deadline

[cappo]

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

how many decisions you waiting for in total from them?

Thats it from them,now waiting for a sar from LTSB for 2 credit cards and that just about ties it up,i also have 2 in with the fos probably won't know the results in this century lol

[MBD23]

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

Now had 4 more offers from hsbc re ppi claims that makes 7 upholds from them in last fortnight

how many decisions you waiting for in total from them?

[cappo]

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

Now had 4 more offers from hsbc re ppi claims that makes 7 upholds from them in last fortnight

[MBD23]

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

We have seen a massive increase in the number of offers received so far this week, over double the average from this time last month

thanks , are you expecting this to continue up to aug 31st or past it, what % of your book affected by the JD still remains outstanding, be interestng to give us all an idea of how serious this aug 31st target is or not?

thanks

[Paul210]

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

so they are saying 75% of the JR backlog will have been cleared by the Aug 31st deadline, anyone have any experience or knowledge of how accurate this figure is?

We have seen a massive increase in the number of offers received so far this week, over double the average from this time last month

[EXC]

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

Barclays/First Plus appear to be doing a great job of getting a very significant volume of letters out. Of course this is probably because they are simply upholding everything.

I'm not sure that's right. Figures released by Barclays today show that in the first half of this year they've not managed to close even a third of all insurance complaints they received and upheld just 52%, despite the 'no quibble' policy with complaints put on hold during the Judicial Review.

Barclays.com - UK complaints data

BBC News - Barclays: PPI complaints

[skv123]

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

so they are saying 75% of the JR backlog will have been cleared by the Aug 31st deadline, anyone have any experience or knowledge of how accurate this figure is?

It seems to depend on what you would consider cleared.

Having realised they aren't going to properly meet the deadline I have noticed both HSBC and Halifax are now sending out offer letters with the figures to follow in a few weeks time.

Previously they have made clear offers with figures and calculations to back up the same.

It seems its a desperate lunge to meet the deadline without really meeting it.

At least consumers will have an idea on whether they are getting anything.

Barclays/First Plus appear to be doing a great job of getting a very significant volume of letters out. Of course this is probably because they are simply upholding everything.

From my point of view 75% seems about right, but that's based on a very limited sample size.

[MBD23]

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

http://www.dailymail.co.uk/money/sav....html?ITO=1490

so they are saying 75% of the JR backlog will have been cleared by the Aug 31st deadline, anyone have any experience or knowledge of how accurate this figure is?