PPI Reclaiming discussion Part III

pinknico

marshallka wrote: »

If it was applied without knowledge then it is misselling. When was it actually applied though as that is the date that is applicable. You cannot just make a claim going back 6 years if it was applied 10 years ago.. if you know what I mean. The date of the actual sale is the date of your misselling.

My Egg PPI was added in 2000 ,they are looking into it. I will let you know the result.

di3004

Where is my postie?
Late posting in this street as usual, can't see anything coming now !!!

marshallka

pinknico wrote: »

My Egg PPI was added in 2000 ,they are looking into it. I will let you know the result.

Great - let us know pinknico. Hope you get a result:D

marshallka

pinknico wrote: »

My Egg PPI was added in 2000 ,they are looking into it. I will let you know the result.

Oh I see where you are coming from on this...

I said that as the op said they had 6 years worth of statements...

here
I am looking into reclaiming credit card protection from Egg, I have my statements showing how much I have been paying for last 6 years is that enough or do I need to ask for credit agreement?

di3004

pinknico wrote: »

My Egg PPI was added in 2000 ,they are looking into it. I will let you know the result.

Good luck Pinknico, hope you get a good result, we look forward to hearing the outcome of this.;)

marshallka

jessie15 wrote: »

I am looking into reclaiming credit card protection from Egg, I have my statements showing how much I have been paying for last 6 years is that enough or do I need to ask for credit agreement?

A little confusion here... I meant that you cannot make a complaint just for the six years, you have to make the complaint about the date if was sold so getting an agreement showing that might be the right thing.

dreamer33

di3004 wrote: »

Where is my postie?
Late posting in this street as usual, can't see anything coming now !!!

Mines been no luck yet

dreamer33

Useful site for anyone with questions regarding PPI from moneymadeclear (FSA)

http://www.moneymadeclear.fsa.gov.uk/news/product/ppi/payment_protection_insurance.html

and this

http://www.moneymadeclear.fsa.gov.uk/news/product/unfair_contracts/ppi/ppi_information.html

http://www.moneymadeclear.fsa.gov.uk/news/product/unfair_contracts/unfair_contracts.html

di3004

This here from moneyladder is an interesting read:



Reporting unfair contract terms

If you have a contract for one of the products covered by us – see Challenging unfair terms in financial contracts – and you think a term in it might be unfair, you can report it to us. Please remember to:

• send us a copy of your whole contract (sometimes called the terms and conditions), not just the term you think is unfair;
• explain which term you think is unfair, and why; and
• send us details of any discussions you have already had with the firm about these terms.

Send all of this to the following address:
Unfair Contract Terms Team
The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS



What happens next?

We will look at the contract you have sent us and if we think a term is unfair we may ask the firm to stop using that term. If a firm doesn’t agree, and we think the term causes significant disadvantage to a number of customers, we may consider getting a court order to stop the firm using the term.

Our discussions with firms are usually confidential so we will not normally be able to tell you about the action taken as a result of your complaint, but be assured that we will consider it carefully. Some investigations may take a while to complete, but we post all agreements to change a contract term on our website. You can find these in Product news.

By making these agreements public, it helps prevent firms from using or recommending terms that are unfair. We also expect all firms to take note of the agreements, and change their contracts if they have similar terms.

We don't have the power to compensate you if you have lost money because of an unfair contract term. You must complain to the firm directly – see Making a complaint. If you are unhappy with the way the firm handles your complaint, you can take it to the Financial Ombudsman Service – see Related links.


Apologies to both Dreamer & Marshallka if you have already posted this, I'm one of you did lol. x

rensters

Hi everyone, I'm completely new to all this money saving but have just come accross a PPI we took out with our mortgage a few years ago. It looks like we're paying £49 per month for PPI on our £120,000 mortgage. I don't know if this is a fair price and if we have a case to reclaim for anything - I vaguely remember us agreeing to it at the time, but since we initially took the policy out, they've never written to us with any updated policy details like they do with the buildings and contents and I completely forgot we were paying it. It was only when I saw it on a recent bank statement and called them up that they told me what it was for. £49 every month for 3 years is a lot of money so if there's any way of doing anything about it I'd love to know! Any advice you can give would be really appreciated. Many thanks, Kerry