PPI Reclaiming discussion Part III

di3004

dreamer33 wrote: »

I see I have a lickle friend in my fight against ff

Cool the more the better to fight these muppets........:D .

Gonna check to see if there is any PPI news updates in a min, back soon.:D

di3004

This was dated 13th PPI News, may have already added this though - I can't remember........ lol.

http://news.bbc.co.uk/2/hi/business/7727232.stm

marshallka

dreamer33 wrote: »

I see I have a lickle friend in my fight against ff

Good for yous... Hope you have mentioned to make a complaint to the OFT and FSA too.:D . (and whoever else you can!!)

marshallka

Had the post and nothing of any importance. Also still no email or call from the adjudicator... .

I daren't ring again, just have to wait i suppose:mad: .

di3004

marshallka wrote: »

Had the post and nothing of any importance. Also still no email or call from the adjudicator... .

I daren't ring again, just have to wait i suppose:mad: .

Its frustrating isn't it hun?.....:mad: , yet the adjudicator skipped my earlier queries and only replied to the one posted last week about the shredded letter (lloyds).......

di3004

Christmas lights get switched on in my town this evening, and late night shopping every Weds and Thurs........just need money now though......:rolleyes: , hubby and other ex workers are still waiting for their big pay out compo, they said it was to be paid out last week - but they are still sorting it out from what hubby was told.......

dreamer33

di3004 wrote: »

This was dated 13th PPI News, may have already added this though - I can't remember........ lol.

http://news.bbc.co.uk/2/hi/business/7727232.stm

What annoys me is they keep going on about customers being unprotected, Its upto a customer whether they want it or not, they seem to be forgetting why this is happening:mad: in the first place idiots:eek:

dreamer33

marshallka wrote: »

Good for yous... Hope you have mentioned to make a complaint to the OFT and FSA too.:D . (and whoever else you can!!)

I didnt actually might add that now thanks how could I forget

Sock_Monkey_2

Hi All,

Sorry if this is a bit long winded but I am trying to sort out mine and my OH's financial stuff and wanted to ask about PPI reclaim as there are many on here far wiser then I about these things!

My OH has a loan with Lloyds TSB which he took out in 2006 after his marriage to his ex wife. It was meant to be a joint loan but the advisor at the bank told him she was not a suitable candidate and he should take out the loan individually instead (even though the amount they needed was higher than his annual salary, but lower than their joint salaries). His wife was with him at the time and they took his advice on it and did not put her name on the agreement. He was also told that because he was now on his own as an applicant PPI would help with the application being successful.

He and his wife split in Nov 07 and he then contacted the bank to try and cancel the PPI as he was having trouble making the repayments and without his wife's name on the agreement he could not make her pay even though half the debt was hers (another rant entirely). He was told that the policy could not be cancelled at all and he had to continue as he was. This was not something he was made aware of at the initial meeting as he thought the PPI was separate to the loan - he has since discovered it was front loaded.

I have read through the PPI reclaim guide and we are putting a letter together but wanted to ask if the following is suitable to be sent as reasons for reclaiming:


This is due to the fact that I was not given the correct information when the policy was sold to me, as

• your salesperson implied that taking out the policy would assist my credit application. I had originally come to arrange a joint loan but was told that my partner was not suitable and I was advised to take the loan out as an individual. I was then advised that taking out the PPI policy would help with my application on my own.
• your salesperson was very pushy in selling me the policy so that I felt I could not say no even though I did not feel I needed the policy.

This is also due to the fact that I contacted you in December 2007and you informed me that I could not cancel the policy, something I was not aware of as it had never been explained to me. As the FSA has now stated ‘no refund’ terms are considered unfair I would like my original cancellation request to be honored.

Any thoughts on the above and suggestions on the best way forward would be much appreciated

S. monkey

di3004

dreamer33 wrote: »

What annoys me is they keep going on about customers being unprotected, Its upto a customer whether they want it or not, they seem to be forgetting why this is happening:mad: in the first place idiots:eek:

Yep that's right - and there is always stand alone cover.....:rolleyes: !
And it should be a choice, afterall the problem with these highly costly PPI's is that many have ever tried to claim and then being told they are not eligible, that's my point here !

So what is the point ?:rolleyes: