Ppi

[Gazzer]

Anyone claimed ppi back ? If so...did you, do it yourself? get a company to do it for you? was it easy ?

 

[Ian]

Funny you should mention this mate, I'm just about to start mine. I want someone to do it all for me as I really don't have the time to do it all myself. I spoke to a friend of mine who works for a big debt reduction company and he advised me to use these people Stake Your Claim - Home apparently they take the lowest cut (if you're owed anything) and have been given some good feedback in financial circles. So I'm going to give them a go.

 

[Olz]

Wife did it her self, she just signed up to credit expert on a free trial, printed her full credit report, (think it cost her a couple of quid). Then just wrote to every loan or CC she'd had.

Most wrote back askiing for a completed FSA questionare, one just wrote back straight away offering £300.

Its dead easy.

 

[Gazzer]

I will be digging my paperwork out tomorrow and finding the details.

 

[Jackie0802]

If you want a claim company to do it for you they will need the details of the cards or loan agreements, if you have this anyway then you are just as well to do it yourself and save the fee. The Guardian had one of Reclaim your PPI: template letter | Money | guardian.co.ukmany useful templates available for people to make their own claims:

 

[Gazzer]

Does anyone know what you should get back compared to what you paid ?

 

[Jackie0802]

If you were wrongly charged it you should get back everything you paid.

 

[Gazzer]

Well as I read it, they knew I was self employed so it was wrongly sold.

 

[Deleted member 9966]

Be careful who you use, if you're going via a company. Read their small print very carefully. Channel 4's Superscrimpers television programme uncovered a company that would take a cut of what you had already paid into a PPI policy, but also future payments to the policy, even if you've cancelled the policy mid term.

 

[Jackie0802]

If the terms of the PPI state that you cannot claim if you were self employed (which many of them do) and they were, or should have been aware that you were, then it was wrongly sold. One of the biggest 'scams' for this type of thing went like this: The people selling the policies worked on a commision basis, so it was in their interest to sell you a policy. What happened (and still does happen in the insurance world) is that a lot of policies are sold via the phone. So they ask the questions record the answers that you give by ticking the boxes. However, they know the questioins that are likely to either render you ineligable or push the costs up. So a lot of these telesales people, with their commission in mind, would simply not ask the question but just tick the box that suited them regardless of the accuracy. This worked fine as long as the policy holder never had to make a claim on the policy, only then did it come to light. So for example, you are wanting car insurance. We all know that things like fines, drink driving, certain occupations will push the price up. If you have a conviction most people will admit to that if they are asked, if they are not asked they won't always volunteer the information because we all want a to pay as little as possible right? If you go for the whole year without making a claim everyone is happy, phone boy got his commission and you got a cheaper policy then you expected. The insurance company themselves only look at your record/history if you make a claim. It's historically a big problem in the insurance world, they employ people just to randomly listen in to these calls to make sure the full list of questions are being asked, but it still goes on nevertheless.

 

[Gazzer]

And to think you thought you came here to talk tiles !!!! :lol:

Thank you

 

[strummerman]

£15000 i got back from my bank

 

[White Room]

£15000 i got back from my bank

:yikes::yikes::yikes:

 

[Gazzer]

£15000 i got back from my bank

??? What for ?

 

[Dougs Third Go]

I've been thinking of claiming mine back as it was deffo mis-sold to me. I think I'll be doing it myself though. I get lots of phone calls from PPI companies and sometimes I'll let them go through their spiel and then ask them if they pay attention to detail, obviously all say "yes" to which I reply "Well you started by getting my name wrong for a start,,,it's boardley not broadley" then I sack them off.