Egg PPI - Claim accepted. Next steps

[Splashy]

Hi everyone,

 

Thanks to all your help

I have received an offer from Barclaycard in acceptance of my PPI claim.

 

I requested a SAR and got loads of documents that confirmed that I did not take out a PPI policy until 2 years into my card.

 

By the contact details in the SAR it was also clear that no contact had been made with me anywhere near the time that I took out the policy.

 

I do not recollect taking it out and their details would appear to show that no contact was made and so I think that it was applied to my account without my knowledge

(and Barclaycard seem to agree).

 

The offer consists of a refund of payments made + interest charged + 8% of simple interest per annum.

 

Whilst this would seem to quite good I was annoyed when I looked through all the SAR statements that I was put over my credit limit on a very large number of occasions by an amount less than the premiums. I was basically charged £20 a time for many months.

 

I realise that I do not have to accept the offer but would like to know what happens in the offer process.

 

Would it take a long time to process (I do need this money and it would make a big difference so if it would take a long time then I will just accept).

 

Also, do you think that I should be pushing for more due to the questionable circumstances of the PPI policy being added to my account.

 

Many thanks for all your help in getting me to this position.

[dx100uk]

hi s.

 

is the card still live?

 

and when was it taken out?

 

dx

[Splashy]

Card is still live and was taken out in around 2002.

PPI was cancelled in May 2012.

[dx100uk]

then the reclaim will come off the outstanding bal [if any]

 

these charges, you do know if they are within the last 6yrs you can reclaim them too!

 

dx

[Splashy]

Outstanding balance is £5000 settlement was for £12000. Do I reclaim the charges separately or by accepting the settlement would I be reducing my chance to reclaim these charges. And what charges can I reclaim. Is it due to the charges being unreasonable?

[dx100uk]

sep claim

 

see my sig below

 

they are PENALTY charges and unlawful.

 

[mostly £12 stuff over/late/letter etc]

 

have you all the statements?

 

and HOW did you do the PPI one ...FOS CQ etc etc?

how do you know the figure is correct?

 

dx

[Splashy]

I have all the statements from the SAR request.

 

I did the PPI claim by writing to them with a FOS questionnaire attached (as Barclaycard request).

 

I think the premiums I paid have been correctly calculated but I do have reservations about the interest calculations .. on premiums of £5000 dating back to 2004 they have calculated interest at £6400. Using one of the calculation spreadsheets at 29.9% APR it comes in at nearly £15000 compound interest. I therefore do not understand how they calculated the interest charged on the premiums.

I can send you the spreadsheet if you like. Regardless I will be making a donation for the excellent service you provide. I will also be posting my Mastercard thread .. now that is proving to be much more tricky since the claim is for £100,000 +

 

 

I will be claiming back the charges in a separate claim.

[dx100uk]

well £100k will beat the record

 

the only thing was CI in restitution is you'll have to do court

and it wont be small claims as +£5k

 

it might be an idea to investigate the foscisheet soc.

 

dx

[dx100uk]

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011