PPI Reclaiming discussion Part III

marshallka

Pompey, there is something here from the Competition commission about signing a seperate form when purchasing PPI

Since the into force of the Consumer Credit (Agreements)(Amendments) Regulation on 31st May 2005 an additional form of consent must be included in credit agreements to be signed by a debtor where a debtor is purchasing PPI.


http://www.competition-commission.org.uk/inquiries/ref2007/ppi/pdf/third_party_submission_issues_statement_royal_bank_of_scotland.pdf

marshallka

booi666 wrote: »

My hfc loan is in joint names and im quite sure that im the only 1 covered on the ppi,
Will this make it easier to reclaim?

Yep, thats not a good one as this was a single premium and you are both liable for the loan and PPI...;). Why should someone else be forced to pay for your insurance....

rkm123

Ok if I use this bit from the template, do I have to put in that I didnt realise it was to be paid over 15 years inc interest and that it was only for 5 years cover and that it was a huge sum paid upfront? or do I just send it like this? I am SO grateful for your help, thank you.

This is due to the fact that you have been fined by the FSA for failing to treat your customers fairly when selling Payment Protection Insurance and I do not believe that my policy was sold in my best interests.

marshallka

pompeyfaith wrote: »

Hiya Marshallka

Is there anything on this site about multiple agreements as in the PPI should be listed on the agreement separate to the loan just this post is so big and unlike on cag posters do not have there own posts so am finding it a bit difficult to find.

Thank You

Regards

Pompeyfaith

Posted Pompey above....;)

marshallka

rkm123 wrote: »

Ok if I use this bit from the template, do I have to put in that I didnt realise it was to be paid over 15 years inc interest and that it was only for 5 years cover and that it was a huge sum paid upfront? or do I just send it like this? I am SO grateful for your help, thank you.

This is due to the fact that you have been fined by the FSA for failing to treat your customers fairly when selling Payment Protection Insurance and I do not believe that my policy was sold in my best interests.

Yes, its a good reason and as many others as you can for each letter. What date was the Freedom one??

pompeyfaith

Thank You Marshallka

Just ive noticed another issue regarding the Co-operative bank in that i have in my procession 8 agreements on on all those bar two the PPI is lumped on to the loan and ive since found out they are in effect two agreements and the PPI along with interest on that PPI and the payments for that PPI should be listed seperately.

marshallka

pompeyfaith wrote: »

Thank You Marshallka

Just ive noticed another issue regarding the Co-operative bank in that i have in my procession 8 agreements on on all those bar two the PPI is lumped on to the loan and ive since found out they are in effect two agreements and the PPI along with interest on that PPI and the payments for that PPI should be listed seperately.

I have my co-op agreements and on two of them that they first sent to me in their signature box is "X ME" and no signatures at all and then when they sent them in the SAR request too they have whited them out....;) Mine were also on one agreement and I don't think that this rule came in until 2005.... might be wrong..

marshallka

Hubby just come in from the match so going to catch up later... BRB after tea...:D

marshallka

pompeyfaith wrote: »

Thank You Marshallka

Just ive noticed another issue regarding the Co-operative bank in that i have in my procession 8 agreements on on all those bar two the PPI is lumped on to the loan and ive since found out they are in effect two agreements and the PPI along with interest on that PPI and the payments for that PPI should be listed seperately.

Pompey, have a read through the Competition Commission report thing I posted and see what you can gather...;)

Shelly1965_2

Maxdp

Thanks for your quick response!! Reckon it amounts to approximately £1200/£1300 not including interest