PPI Reclaiming discussion Part III

marshallka

claire06 wrote: »

Hi all,

I am in the process of claiming back the PPI that was mis-sold to me by Egg. I initially called up to request a copy of my agreement as I felt I had been mis-sold the PPI and the girl on the phone instantly told me that they could refund me £800! which would come off the balance remaining on the loan. I said I wanted to see a copy of the agreement first before I took this further (which has taken a month to reach me!)

Anyway upon receiving the agreement I have paid a total of £1671.48 in PPI alone!!! What I really wanted to know is does the refund have to come off the balance of the loan or can I request the amount in a cheque?!

Hope this makes sense, any advice would be much appreciated.

Thanks

Claire (nearly debt free!)

That depends on what you have actually paid out from the PPI. They can offer you a cheque for what you have already paid in the PPI and then offer to reduce the balance for the remaining PPI.

booi666

marshallka wrote: »

I bet your neighbours love you..:eek:

I have a purpose built recording studio/rehearsal room in my back garden that we use and i rent out to other bands

marshallka

balearic wrote: »

First post, but have been a long time user of this website.

I followed the really helpful advice on the Reclaiming the PPI article and as a result I have recieved an "offer" from Alliance and Leicester for £499.41 (including intrest at 8%) which I beleive is well below the amount that would be due in full, the full PPI contributions are £1056.

This offer was recieved without any dispute to my orginal claim from A+L.

What would be the best way to proceed? I'm in no rush to get this money (altough obviously it would be nice), so no need to take the cash and run yet unless its best for me.

Thank you for any and all help.

Has your loan been redone for the remaining part perhaps and have they reduced your payments on the loan. Perhaps that is what you have paid to date and then for the remaining part of it they will redo the loan at a lower payment.

maxdp

booi666 wrote: »

If i tell you then i would have entered into a legally binding contract with you:rotfl: :rotfl: :rotfl:

But then i would take you to court and get it made unenforceable:eek:

Sorry i just couldn't resist that Bradford why do you ask?

Do you play the tambourine or triangle?

We are holding auditions for the above instruments if you fancy a blast :rotfl: :rotfl: :rotfl:

Boo what about comb and paper:D

di3004

booi666 wrote: »

If i tell you then i would have entered into a legally binding contract with you:rotfl: :rotfl: :rotfl:

But then i would take you to court and get it made unenforceable:eek:

Sorry i just couldn't resist that Bradford why do you ask?

Do you play the tambourine or triangle?

We are holding auditions for the above instruments if you fancy a blast :rotfl: :rotfl: :rotfl:

lol.........:rotfl: what about violinists?:D , although I have not got a clue how to play them either lmao :rotfl: :rotfl:

booi666

maxdp wrote: »

Boo

Glad to see that you are still alive mate.:T Obviously not a quick acting substance. Have read in papers that a little bit of Arsenic, given often, works well.;)

Arsenic:eek: Nah im partial to a bit on my toast every now and then:rotfl: :rotfl:

marshallka

bathgatebuyer wrote: »

Wow! Got a letter from the FOS today telling me that my case will be passed to an Adjudicator by the 4th March and that they will be in touch to explain what will happen next. (I'm astonished to get something that was more than one line from them!)

Fingers crossed! I will also be sending them a copy of the letter I'll be getting from my GP in relation to my Egg PPI complaint which proves my pre-existing medical condition. Hopefully they'll add that to the pile of evidence against Sainsburys.

In the meantime, Sainsburys continue to add interest to my account with them (it presently stands at about £1,350) as thye refuse to put this on hold pending the outcome of the FOS decision.

Wow, thats fantastic news bathgatebuyer. I hope you win and good luck with the others too.:beer:

marshallka

di3004 wrote: »

Hiya Claire

And wow, this is great news, well done :T :beer: .

Now hun, you should have a choice in my opinion.

I would write to them and ask them to send you a written calculation of the breakdown of this and request anything to come back directly to you.;)

Let us know what they say hunni and good luck.;)

Di
x

You only get a choice of what you have actually paid to date and the remaining CAN be taken off the balance. Even FOS agrees to it.

booi666

di3004 wrote: »

lol.........:rotfl: what about violinists?:D , although I have not got a clue how to play them either lmao :rotfl: :rotfl:

Lol check out whodi menuin and stephen grappelli great bit of violinistry for you :rolleyes:

di3004

booi666 wrote: »

I have a purpose built recording studio/rehearsal room in my back garden that we use and i rent out to other bands

I was about to say what Marshallka said about the neighbours lol......:D , behind our street someone used to use their garage for practice, have not been so bad the last few months, so not sure if the family have now moved, my youngest used to want to sit in our garden to have a listen to them, he would grab a biscuit tin and spoon and join in himself lol......:A