PPI Reclaiming discussion Part III

maxdp

Hi Marshallka

Have sent copies of e mails from adjudicator and !!!! face from loan provider:mad:

debs16

good evening everyone ,

could anyone please let me know if you have a loan still outstanding whether they pay the ppi refund back to your loan account or give you a cheque refund xx

many thanks in advance

maxdp

marshallka wrote: »

who was it maxdp??

Yeah, these refinanced loans - I am confused about this issue as if they are missold then the rebates do not enter into them. I thought you would just get the full amounts back anyway???

Yes so would I I have not gone for unfair rebate but that is also a point. If they take them as refinanced and pay back as though we have never had PPI it would not matter. As that would be taken into account:eek:

maxdp

debs16 wrote: »

good evening everyone ,

could anyone please let me know if you have a loan still outstanding whether they pay the ppi refund back to your loan account or give you a cheque refund xx

many thanks in advance

If you want that back as a cheque that is your right. You need to ask for it or alternatively they will re finance the loan and take the payment of your repayments. Make sure that they give you the same rate as you currently have or better. It is c alled treating customers fairly. Laughed till I died. :rotfl:

debs16

Many thanks for your reply i have told loans .co.uk they admitted that they mis sold my ppi that i would prefer a cheque back but she said it is out of her hands ,i have the loan with endeavour personal finance and they said the ppi is nothing to do with them that it was loans.co.uk that sold it to me ,so they will be giving me the refund back ,so surely they cant just get my loan details and pay it back to my loan ,i want my money back by cheque so i can give the kids a wicked xmas .
has anyone every got a ppi refund by cheque back from loans.co.uk or had dealing with epf .

thanks xx

marshallka

maxdp wrote: »

Yes so would I I have not gone for unfair rebate but that is also a point. If they take them as refinanced and pay back as though we have never had PPI it would not matter. As that would be taken into account:eek:

Yeah, who told you different....If its with the FOS then they would work this out in the same way...was it tiggrae that thought they were wrong.. ..

I have had a quick look but have to have proper look tomorrow as have to go collect littleun later but will definately take look.. .

How much do you think you are shorted by?

marshallka

maxdp wrote: »

If you want that back as a cheque that is your right. You need to ask for it or alternatively they will re finance the loan and take the payment of your repayments. Make sure that they give you the same rate as you currently have or better. It is c alled treating customers fairly. Laughed till I died. :rotfl:

I think if you still owe money they are allowed to refund you what you have paid to date and the rest is sometimes taken off the loan.. I have seen FOS uphold complaints that way. People have complained about it though but I suppose they treat it as "you owe me and I owe you". They cannot do this with what you have pysically paid though I don't think. That would be unfair.

debs16

i am so so confused i will let you all know what happens
thanks xx

Fifi_forget_me_not

I am feeling very frustrated my husband had a loan with first plus he tried to reclaim his ppi which totalled at £7,500!!! He received a bog standard templater letter back from them:mad: , he is not happy that his individual case has actually been researched.

Its such a lot of money any ideas where we go from here?? Obviously first plus has sussed a way not to pay anyone back the money they are owed, has anyone successfully claimed against firstplus?

di3004

Fifi_forget_me_not wrote: »

I am feeling very frustrated my husband had a loan with first plus he tried to reclaim his ppi which totalled at £7,500!!! He received a bog standard templater letter back from them:mad: , he is not happy that his individual case has actually been researched.

Its such a lot of money any ideas where we go from here?? Obviously first plus has sussed a way not to pay anyone back the money they are owed, has anyone successfully claimed against firstplus?

Hi there
Sorry to hear this.

If this was your final decision from First Plus and they have mentioned the Financial ombudsman service I would now put in a complaint to them, if not write back to First Plus and tell them you would like them to reconsider your complaint before you decide to take further action on this, to the FOS for example, depending on when the loan was taken out (year)?

What year was it hun?
Thanks.