PPI Reclaiming discussion Part III

maxdp

kav.alison wrote: »

Seen a lot of angrey people mis-sold the PPI. I couldnt belive that i was paying more for the PPI than the interst on my loan. madness what the banks can get away with. they didnt even tell me! Well i have hit back, in looking around i found these guys cleartoday.com and because i have been missold the PPI they are looking not to just reclaim bakc the PPI payment but write off the whole loan. i will be chuffed let the bank have a bit of their own medicine. haha.

Kay alison

Just a word of warning there are lots of people out there doing this type of thing and what they do is make the loan unenforceable then take 25 per cent of your winnings. Others ask for large amounts up front e.g. £500 just to check whether they can help you. All they should ask for up front is 10.00 for a full SARN, I would also suggest that they should be taking out a conditional claim insurance. Please be very careful and do your homework. Apart from that good luck,:D

maxdp

ElastiMum wrote: »

Hi maxdp
Did you find reclaiming from MBNA straightforward?
As I said in a previous post - I don't have the paperwork and can't really remember the details of why/how I took it out. I was full time employed at the time and don't have any pre-existing medical conditions. Am I just chancing my arm here?

Hi Elastimum

One of them the form had been filled in with Insurance box ticked but also had put self- employed. (Not mine other half). They argued the point etc etc so took them to FOS once there think FOS wrote for full SAR and they could see the error of their ways:rotfl: Paid back all due plus 500.

Second one is with FOS at moment rang and bullied OH into PPI on telephone in 2005. Had medical complaints and these were not covered. So am expecting this complaint to be upheld by Adjudicator if not I will be back with other complaints:rotfl:

maxdp

Hi Marshallka

Have e mailed you.;)

Roots are looking fab thank you though it is a pity about the rest of me:rotfl::rotfl::rotfl:

Have found new way to look younger for photos etc. Stand on head :eek:everything then goes back to the place it was when I was young:rolleyes: Trouble is cant see my face:rotfl::rotfl::T:T

maxdp

di3004 wrote: »

Wow I bet you look like a superstar.....:T :T :T , I have foils in my hair, although I'm blonde I have the dark foils running through, good for disguising those sneaky grey hair.......:o lol......:D .

My natural hair are the sneaky ones there are not many/ Tee Hee had more foil on my hair than a christmas turkey.;)

di3004

maxdp wrote: »

My natural hair are the sneaky ones there are not many/ Tee Hee had more foil on my hair than a christmas turkey.;)

lol, that is so funny.........:rotfl: :rotfl: .

When having mine done, I told my son about the foils, and he thought they were to stay permanently in my hair lol.....:rotfl: and asked where they were lol......:rotfl: he said he can see dark bits but no foil pmsl

geegsie

Hi Guys,
This is my first time here so i hope you can give me some info.
Over the years we have had 4 or 5 loans from Blackhorse.
The first one we got was for £1000 and after that we got "top ups" which basically just paid of the previous loan and left us with some cash for ourselves.
I will talk about the 2nd last one we took out as this was taken out after Jan 05.
This loan was for £6950 and the interest was £2216 = £9166 and then there was PPI and it's interest on top of that, which was £2843 and £906 interest giving a grand total of £12915.
Anyway, this loan was paid off in full when we re-mortgaged the house and we have been wondering if we paid off the full amount of the PPI (£3749) or just the instalments up until the loan was cleared,what do you think?
If we have paid off the full amount of the PPI can we claim this back, because at no time were we ever told that this would happen.
We cant even remember discussing the PPI when we took out any of our loans and it certainly wasnt explained clearly to us at any time. We were under the impression that we had to take it and we didnt know that it was optional, because if we did, we would never have taken it out on the first place.
I know we signed the agreement(stupid i know) but looking at these agreements, you would need to be a lawyer to understand it, we just signed the papers and sent them back as we needed the money at the time.
Do you think we have a case to claim this money back as we feel that we were mis-sold this policy due to it not being clearly explained to us.
Any help would be greatly appreciated.
Cheers

di3004

geegsie wrote: »

Hi Guys,
This is my first time here so i hope you can give me some info.
Over the years we have had 4 or 5 loans from Blackhorse.
The first one we got was for £1000 and after that we got "top ups" which basically just paid of the previous loan and left us with some cash for ourselves.
I will talk about the 2nd last one we took out as this was taken out after Jan 05.
This loan was for £6950 and the interest was £2216 = £9166 and then there was PPI and it's interest on top of that, which was £2843 and £906 interest giving a grand total of £12915.
Anyway, this loan was paid off in full when we re-mortgaged the house and we have been wondering if we paid off the full amount of the PPI (£3749) or just the instalments up until the loan was cleared,what do you think?
If we have paid off the full amount of the PPI can we claim this back, because at no time were we ever told that this would happen.
We cant even remember discussing the PPI when we took out any of our loans and it certainly wasnt explained clearly to us at any time. We were under the impression that we had to take it and we didnt know that it was optional, because if we did, we would never have taken it out on the first place.
I know we signed the agreement(stupid i know) but looking at these agreements, you would need to be a lawyer to understand it, we just signed the papers and sent them back as we needed the money at the time.
Do you think we have a case to claim this money back as we feel that we were mis-sold this policy due to it not being clearly explained to us.
Any help would be greatly appreciated.
Cheers

Hi there and welcome.
Do you have any calculations for any of these, such as when you ended one loan to top up on the other?

I think Marshallka will be able to add some good advice about this when she gets round to it, because if you have a top up loan, its still starting again but its the way its calculated.

I know the loans taken after Jan 2005 will not be a problem in trying to reclaim on, but as I cannot remember if they were under jurisdiction, covered by GISC before the FSA came in force in Jan 2005, although it may still be worth trying anyway.

When you have a minute check out the above red box above Reclaim £1,000's, you will find some info on mis selling and a helpful template, although its best to write your letter in your own words, with obviously as you know your own reasons.;)

They have 8 weeks to respond. Post your letter by recorded post.

Hopefully Marshallka could also confirm the best action here.

If these were covered and you need to take this further if not successful with Black horse, then it will be okay to take to the Financial ombudsman service, otherwise the loans taken before not covered maybe a problem, but like I said see what Marshallka says here first, good luck!;)

Di

maxdp

geegsie wrote: »

Hi Guys,
This is my first time here so i hope you can give me some info.
Over the years we have had 4 or 5 loans from Blackhorse.
The first one we got was for £1000 and after that we got "top ups" which basically just paid of the previous loan and left us with some cash for ourselves.
I will talk about the 2nd last one we took out as this was taken out after Jan 05.
This loan was for £6950 and the interest was £2216 = £9166 and then there was PPI and it's interest on top of that, which was £2843 and £906 interest giving a grand total of £12915.
Anyway, this loan was paid off in full when we re-mortgaged the house and we have been wondering if we paid off the full amount of the PPI (£3749) or just the instalments up until the loan was cleared,what do you think?
If we have paid off the full amount of the PPI can we claim this back, because at no time were we ever told that this would happen.
We cant even remember discussing the PPI when we took out any of our loans and it certainly wasnt explained clearly to us at any time. We were under the impression that we had to take it and we didnt know that it was optional, because if we did, we would never have taken it out on the first place.
I know we signed the agreement(stupid i know) but looking at these agreements, you would need to be a lawyer to understand it, we just signed the papers and sent them back as we needed the money at the time.
Do you think we have a case to claim this money back as we feel that we were mis-sold this policy due to it not being clearly explained to us.
Any help would be greatly appreciated.
Cheers

Yes you are probably able to please make sure that when you claim the PPI back that you state that these were not stand alone loans that they were re financed because the PPI you paid on the first loan would have influenced the others etc. Please make sure you put this into your complaint otherwise they will take them as stand alone loans and you will not get all the PPI plus interest back.

You should have had the PPI paid back either into your bank account or credited to the new amoun t you were taking out. Marshallka or Di will post you to explain exactly how you go about this but felt I needed to add my two pennies worth:rotfl::eek: Good Luck

maxdp

di3004 wrote: »

Hi there and welcome.
Do you have any calculations for any of these, such as when you ended one loan to top up on the other?

I think Marshallka will be able to add some good advice about this when she gets round to it, because if you have a top up loan, its still starting again but its the way its calculated.

I know the loans taken after Jan 2005 will not be a problem in trying to reclaim on, but as I cannot remember if they were under jurisdiction, covered by GISC before the FSA came in force in Jan 2005, although it may still be worth trying anyway.

When you have a minute check out the above red box above Reclaim £1,000's, you will find some info on mis selling and a helpful template, although its best to write your letter in your own words, with obviously as you know your own reasons.;)

They have 8 weeks to respond. Post your letter by recorded post.

Hopefully Marshallka could also confirm the best action here.

If these were covered and you need to take this further if not successful with Black horse, then it will be okay to take to the Financial ombudsman service, otherwise the loans taken before not covered maybe a problem, but like I said see what Marshallka says here first, good luck!;)

Di

Have you got the link etc Di. LOL when I heard about your son bless him was that your youngest. He probably does not understand our silly language ways;)

maxdp

Hi Di

I mean with the letter to send etc the usual stuff you put on. Mean to keep it so I can post it:D