Can't Keep It To Myself Anymore

Right, perhaps if I blog about it it just may happen, way back in October I blogged about reclaiming my PPI from a well known UK Bank - see this post . First letter they said no, I challenged their decision as I know I wasn't given the option to take this without the PPI product included. In January they sent a letter not admitting they were at fault but had decided to to refund my premiums and interest.

This is pure estimation but that works out at approx £2,200. I have to estimate it as they didn't quote any figures or advice how or when they were going to pay. Included in the the letter was a form to sign that no further action would be taken regarding this claim and return within 10 days, I duly returned it by recorded delivery. However I didn't include a covering letter (to be honest I've run out of ink !) Now a little research on a few consumer forums and I should have added a letter advising I would appreciate the funds being repaid to such and such account within a stipulated time frame.

If they don't reply by todays post I think I will phone and follow up with letter (have to be hand written ugh!) I'm taking control of this situation now, because it's my money.

Secondly now I've paid Cahoot off I shall start the same process with them. (And buy some ink in the process!) If you don't ask you don't get.

There I've told you now..if you build it they will come :)

Reclaiming PPI

Here's a thing - I had a loan from 2001 to 2006 with a well known UK bank that has had a lot of people queuing outside their branches recently until the UK Government agreed to to help them out.

The loan was originally a consolidation loan and had I stuck to frugal ways when I first took it out I would now be debt free. Anyway that's neither here nor there, but some parrallel universe that I didn't see the signpost for !

Now I hear the reclaim your PPI thing is kicking off and I'm going for it ! Got the template letters, got the orginal agreements and T & C's on their way so here we go. I believe I was misold the PPI over the phone to enhance my chances of the loan approval. This could work out to be over £2000.

For info on reclaiming your PPI check the MSE website:

PPI Reclaiming Guide

PPI Reclaiming Discussion

PPI Reclaiming Successes and Failures

Add to that I also have a 'flexible loan' with a division of Abbey/Santander, the only thing flexible about it is how high the interest rate has risen from an original 7.9% to 19.9%. Again I'm paying PPI on it which I don't recall asking for or being advised about. That's £30.99 a month.
I phoned them yesterday, cancelled it and can now start to pay the actual loan off.

The next step is my Next account, there is no visible PPI on any of the statements, am I being charged PPI ? All I can see is a service charge.

Once again if you dob't ask, you don't get.