Anyone actually claimed for PPI yet?

[vwdan]

Surprised by some big figures quoted on CUK. Maybe I ought to get round to it, if I can be arsed.

Not only was PPI a total rip off, but they're also giving back interest and the like. The numbers are real - my Mrs ended up with a "Pull the car over before I tell you" sum of money back. I mean, it was a decent size loan but not a ridiculous one - but the PPI was outrageous.

[DaveB]

Not only was PPI a total rip off, but they're also giving back interest and the like. The numbers are real - my Mrs ended up with a "Pull the car over before I tell you" sum of money back. I mean, it was a decent size loan but not a ridiculous one - but the PPI was outrageous.

Yep.

All PPI charges are being refunded, plus the interest you would have paid on those charges as part of the loan, compounded for the period between when you repaid the loan and made your claim. Some of these would have been from back in the 80's/ 90's when interest rates were well into double figures. In my case around 30 years worth of compound interest.

[PhiltheGreek]

Yep.

All PPI charges are being refunded, plus the interest you would have paid on those charges as part of the loan, compounded for the period between when you repaid the loan and made your claim. Some of these would have been from back in the 80's/ 90's when interest rates were well into double figures. In my case around 30 years worth of compound interest.

One expects you'll be getting statutory interest added to the principal at ~8%p.a. rather than anything specific to the particular year in question.

On that basis - you're all better off waiting till next year to bother claiming

[original PM]

Yeah I was really crap with money when I left uni.

And pretty naive to boot.

Ended up getting about 7k back.

I was such a noob back then.

[Hobosapien]

One expects you'll be getting statutory interest added to the principal at ~8%p.a. rather than anything specific to the particular year in question.

On that basis - you're all better off waiting till next year to bother claiming

Have set a snooze reminder to ensure my paperwork arrives with them by 29th August 2019.

Could post it now but use a 2nd class stamp.

[fullyautomatix]

A friend wants to know if you can claim any PPI if you have never taken out a loan of any kind. But have lots of bank accounts etc but never took a loan or mortgage. Seems unfair he is saying that he cannot claim thousands from tax payer funded banks when everyone else has claimed.

[northernladyuk]

A friend wants to know if you can claim any PPI if you have never taken out a loan of any kind. But have lots of bank accounts etc but never took a loan or mortgage. Seems unfair he is saying that he cannot claim thousands from tax payer funded banks when everyone else has claimed.

The old man can give him whiplash if that helps.

[northernladyuk]

5 years ago if you asked me if I had PPI I would have laughed and said NEVER, but I found some old statements in the garage from 1995+ that had ppi on them, now I’ve had over £50K in payouts and still waiting on a Burton’s store card from 1991

But the shame of admitting to a Burton store card.

[mudskipper]

Pretty sure I never had it, but have just filled out forms for Lloyds, Barclays and Halifax.

Pretty sure Mr ms has had it, but he's too lazy to fill out the forms!

He has now filled out the form - but only ticked the 'personal loan' box, because he says he definitely never had it on his credit card...

[MarillionFan]

He has now filled out the form - but only ticked the 'personal loan' box, because he says he definitely never had it on his credit card...

I'm thinking of applying to every bank, credit card company and store company, chancing my arm they pay me anything to go away.