Fos

[Stacy22]

We put a claim in to claim in to clay stale bank there refused it sent it to the fos got a reply back today saying there are making the bank upheld it as fos say it was miss sold so what happens now

the amount was dated back from 1996 to 2004 it was loads loads top of each other cos when the bank sent the bog of letter before we sent it to fos on top letter it had 6 accounts numbers. The loans over years tallied round to twenty grand does any one know roughly what is expected back in ppi thank u

[di30]

Re: Fos

Well done!

Well as long as the bank agrees and does not submit further, the FOS should give them a timescale to pay out.

I take it this was at the Adjudicators stage?

Normally if either of you agrees with the outcome, you or the bank (business can have it reviewed by the Ombudsman), but if the bank agrees at this stage they should pay out by the timescale given, if they do not, then you let your adjudicator know and they chase this up for you.

Did the adjudicator enclose the paperwork for you to sign?

You should receive back every payment of PPI you paid plus the relevant interest.

Without the actual figures its difficult to confirm, if you do have figures etc that may help, as we also have to take into account the interest as well they have to pay, it can differ from one loan account to the other.

[Stacy22]

Re: Fos

Hi hi thanks it says on letter from fos there saying with the involvement with the bank and there investagtion. With the claim there are happy to announce the bank will be making a. Offer and it be 8 weeks to get the offer so I taking this means the bank going offer payment

I know roughly it was about 20 grand of loans ( including a Visa card of 4500). Can't recall how much I just know when thebank. First refused the letter had six accounts on top letter ( acoount numbers ) so will it be for. Ll the loans there be paying back on then as fos saying there paying us

[di30]

Re: Fos

That is wonderful news indeed, especially as the bank has agreed, well done!

So basically what you should get back will depend on how much of the loan was actually the ppi of it, so every monthly payment made on the ppi plus interest, you should also be awarded the 8% interest of what a court would usually award as standard with loan ppi refunds.

Sounds like there's quite some sum to come back to you.

[Turboman]

Re: Fos

If you got the CCA's of the loans or the Loan Statements--I can help

[Stacy22]

Re: Fos

Thanks dizzy di. It come at a good time as we just about to buy a home with hubby last few years in army @tuboo man don't have no paper work wot so ever ( a lot of debt was hubby's before we wed ) there a Visa card he had from 2000 to 2005 credit was 4500 ( we just won ppi from nateest credit card the limit was500 and we had from 2005 to 2013 we won back 1470 on that so I guessing the credit card be abit more back with cladestale. Bank the other loans were from 1998 to 2004 there were mainly little loans arranging from a grand to 2 grand I questing should get a few grand back fingers cross

[Stacy22]

Re: Fos

We also got mnba there got to 12 June to come back with a answer was a Visa card hubby took out in 1998 he first join army which he didt need the ppi as he covered with the mod. The Visa card was 7000 and he had from 1998 to 2004 do u know wot he get on that

[di30]

Re: Fos

Your welcome Stacy:tinysmile_twink_t2:

You could ask the FOS (your adjudicator) if she or he would be kind enough to email you with the paperwork of the calculations, or of any info she holds on the figures, I'm sure on request they will send you these, as the bank would have highly likely sent this info when the fos requested for info from the bank of your accounts.

[Stacy22]

Re: Fos

Hi when we got refused the ppi my hub by sent the paper work from cladestale bsnk to fos and all the figures we didt take no copy's , we se nt this to fos 12 weeks ago we didt expect the claim to be sorted for least two years as fos said it will take 2 year highly shocked there delt with it so when the fos are dealing with the claim the bsnk refused do there contact the bsnk for figures etc as all the letter states we please to tell you the bank will pay ur ppi bank ile try put up a copy all it sates take 8 weeks my husband says was twenty grand he had on loans and credit card to be fair he had loads of credit he was a single solider I think he lost count of all the daft credit he obtain


also we waiting for mnba to get back to is there have to 11. June credit card was 7500 and was active from 1998 to 2004 wot roughly is paid into ppi on credit card

[Stacy22]

Re: Fos

this is the letter we got

[Stacy22]

Re: Fos

The above letter to my understanding there confirmed the bank is paying out am I right

[di30]

Re: Fos

Yes this is official and it means they have to pay out, and if you dont hear by 8 weeks as from the date on the letter you therefore let the fos know x Well done! x

[Stacy22]

Re: Fos

A cheers love bit good news we thought it roulette be delt with for toe years with foss took 12 weeks

we still wait hear from mnba ( different claim from fos ) to do u know how much ppi u pay on 7500 Visa card

[di30]

Re: Fos

That is good going 12 weeks :tinysmile_twink_t2:

Do you have any statements from the Visa Card by any chance?

Again it can differ depending on what interest rates, but any statement of the Credit Card agreement may be of some help, its hard to predict the calcs from the whole amount as it differs from bank to bank with rates at the time as well etc.... x:tinysmile_twink_t2:

[Stacy22]

Re: Fos

Sorry me again , when u win ppi do I get all the late changers and over changers on a credit card cos when we won the natwest. There paid us all the late / over chargers back