PPI Reclaiming discussion Part III

marshallka

lalina wrote: »

Hi, can someone advise me if I can reclaim the PPI I took out on my A & L loan in Oct 2006. I borrowed 10k for 60 months and the PPI alone turned out to be another £3k added on straight away.

I honestly can't remember whether I was missold the PPI or not. I have a vague recollection that I thought I couldn't get the loan unless I took out PPI with it.

I was working part time when i took it out but then went out maternioty leave from feb 07 and didn't return to work since but never notified them of my change in employment status. Can I reclaim :money: ???

Maybe you could request a subject access request from them for £10. This is all the information that they hold on you and they have to comply in 40 days. This would then give you some idea as if you actually wanted the PPI or not perhaps...

There is a template letter here. Send it recorded delivery so you have a proof and wait for the 40 days.

SAR - SUBJECT ACCESS REQUEST

Dear

Re: Account number:

In the first part under the Data Protection Act 1998:

Under the Data Protection Act 1984 and 1998, and including the right of subject access under these acts, please supply me with a complete list of transactions and charges relating to the above accounts held with you since they were opened.

Additionally where there has been any event in my account history over this period which has required manual intervention by any member of your staff or any other person, I require disclosure of any indication or notes which have either caused or resulted in that manual intervention or other evidence of that manual intervention in relation to my business with you.

If you are unable to supply data relating to manual intervention because there has been no such manual intervention then please be kind as to confirm this in your response to this request.


For the avoidance of any and all doubt, I reiterate:

I hereby request that you supply me with any and all historical data in your possession which, in any way appertains to me, including (but not exhaustively) a copy of the original signed executed agreement; statements of account; duplicate statements and/or print outs of all account transactions; all internal and external correspondence sent or received by you including memo’s, logs, notes, screen prints and transcripts; notes of manual interventions such as telephone attendants' notes, copies of stored telephone conversations, internal and external emails; any other information held on any/all types of media in any relevant filing system (microfiche included).

If you have disclosed any information to a third party (with or without my express permission), will you please include details of this in your reply, along with notes of any legal action passed or pending (to include a true copy of default notices, court orders and the like).

Where any information that you provide includes any charges, for example returned payments, late payment fees, and so forth, would you please advise your breakdown of actual costs (liquidated damages) incurred for each charge, and the Term or Condition on which you rely upon to claim such a charge.





I also require that you forward, within the above mentioned time scale, a true copy of the Terms and Conditions that were in force at the time my account was opened, and any subsequent amendments to those Terms and Conditions.

I enclose the statutory maximum fee of £10.00 to access ALL data held by XXXXX about myself. You should be fully aware of your statutory obligations under the Data Protection Act and that any failure to comply with this request will involve a complaint to the ICO as well as potential legal action.

You have 40 days in which to comply with this request.

This communication has been sent Recorded Delivery so I can ensure compliance on these issues within the legislative timeframes.

Yours Sincerely

Also you could take a look here to see if you have any other reasons too

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

maxdp

lalina wrote: »

Hi, can someone advise me if I can reclaim the PPI I took out on my A & L loan in Oct 2006. I borrowed 10k for 60 months and the PPI alone turned out to be another £3k added on straight away.

I honestly can't remember whether I was missold the PPI or not. I have a vague recollection that I thought I couldn't get the loan unless I took out PPI with it.

I was working part time when i took it out but then went out maternioty leave from feb 07 and didn't return to work since but never notified them of my change in employment status. Can I reclaim :money: ???

Hi You should be able to was it front loaded? Have you got the Terms and Conditions. Where you covered when you were working part time?

di3004

marshallka wrote: »

Di your whole loan without interest was 23835

You made repayments of £3336 and then settled again at £23646...

Your whole loan cost you £26982.00 being the settlement and the Repayments made

So the total cost of the loan was 26982 and take away what you borrowed (without interest) is £3141 for borrowing 23835.00 over 300 months and this is interest and PPI payable for 16 months. The PPI without the interest for the 16 months would have been 636.00 add on the interest payments to that and it is 22.49 x 16 = 359.84 which is £995.84 which is what the PPI should of cost you for the total 16 months.

and the interest on borrowing 21K being the loan was about 166.60 per month x 16 = 2665.60 so you really paid about right here Di.

Most of your repayments were interest on borrowing 21K over the 300 months...and then interest on the PPI over 16 months.

Now if you got the £3772 back then the loan cost nothing at all to have...

Yes I know that now hun, did not before lol.:o
So I am expecting that complaint to be returned to me without a doubt.

marshallka

di3004 wrote: »

Yes I know that now hun, did not before lol.:o
So I am expecting that complaint to be returned to me without a doubt.

The complaint won't be returned to you cause of this as FOS does not do calculations... I would say that endeavour will tell the FOS about it...

Tiggrae should have looked into it before doing the letter...i got the rebate as about £1.5K something over maybe...

I just hope this is not thrown out of the FOS with quoting them figures in that letter and you having to start all over again...The thing is you have given figures to them of what you want back...

marshallka

Was penalty charges forum closed down yesterday

http://www.londonstockexchange.com/en-gb/pricesnews/investnews/article.htm?wbc_purpose=Basic&WBCMODE=Presentation,Presentation?ArticleID=18852644

Back up now I think...

pinknico

Hope that gets to court and does well for you maxdp.
I have one loan where the SAR should have been returned 7 days ago, but I cant get hold of the claim company to see if they have it.
The other one has 7 days left to supply the SAR.
Trying to stay relaxed about it. I dont mind how long it takes to claim I just want to know if I have a case!

pinknico

marshallka wrote: »

Was penalty charges forum closed down yesterday

http://www.londonstockexchange.com/en-gb/pricesnews/investnews/article.htm?wbc_purpose=Basic&WBCMODE=Presentation,Presentation?ArticleID=18852644

Back up now I think...

It was just down one day last week.

marshallka

maxdp wrote: »

Hi Pinknico

FOS slow slow slow they are ignoring me now when I try to chase them upKnow they are busy but thats their problem should not make it mine. Am wondering whether to take this another route:rolleyes:

Other things are progressing slowly going to Counsel for one:eek: then if it is ok Court:eek::eek:

Missed this post maxdp...

What does that mean... will it all be settled soon then...can't wait!!!

sparky0107

Evening,
Can you tell me how the 6 year statute barred system works, does the time scale start from the date you took out the loan or from the date the last payment was made?

Thanks in advanace for any help

maxdp

pinknico wrote: »

Hope that gets to court and does well for you maxdp.
I have one loan where the SAR should have been returned 7 days ago, but I cant get hold of the claim company to see if they have it.
The other one has 7 days left to supply the SAR.
Trying to stay relaxed about it. I dont mind how long it takes to claim I just want to know if I have a case!

That is fine Pinknico think that is what they are going for (what is not returned) have telephone No if you want it. Have had no probs getting in touch on that but e mail is bit dodgy.:D