PPI Reclaiming discussion Part III

cot1198

marshallka wrote: »

Just had a thought and that is if we were all sold single premiums and these facts were told to us like this

You can have your loan but do you want us to arrange the insurance too. It will be another loan on top of your loan cause we pay it all to the insurer up front so you then pay for it monthly BUT there is interest on each payment.

If you then cancel the insurance you will only get a small proportion of it back and that is only a small proportion of the actual PPI WITHOUT the interest so in fact you will always owe the interest over the term of your loan.

Then your PPI will only last 5 years and your loan is over 15 years so we will then offer you another insurance to cover the other 10 years but don't forget you will STILL be actually paying for the first one too as there was interest and it was a loan so payable over the full 15 years.

Then we will only insure one of you on the insurance although the loan is joint but the other person is jointly liable for loan to pay for YOUR PPI.


How can ANY single premium not be missold and why are we still waiting for the FOS to uphold them. They were all missold in my eyes and they should know this. To actually request a single premium and FULLY UNDERSTAND what you are buying you would need to be crazy.

too right!
If everyone who was sold a single premium PPi policy was told that when it was sold to them of course they would just say "you must be joking" no sane person would say yes to a deal like that

kazc_2

marshallka wrote: »

Was the weather nice.. ?? I assume better than here.

Good luck with the tape recordings and lets hope it throws some info up in it...;)

The weather was lovely thanks. It's Summer there now so it was mostly in the 80's whilst we were there.
Let's hope for some good news with our claims !!
k x

di3004

covlass wrote: »

Hi Di
Ok my husband has just told me that it was all done over the phone with virgin, I has just asked him about the ppi also. The lady asked if he wanted it added and he said yes, he wasnt told how much or asked any questions.
I have just had a look at the back of a letter which does stae any payments made by cheque should be made out to MBNA now I am confused. There are a number of different addreses given for virgin and MBNA
Thankyou so much for your help

Hi there covlass,

Not a problem, even if the cheque is payable to MBNA its still Virgin you write to.;)

I see your point in trying to reclaim here, afterall they did not actually give details of the PPI by the seems of things.

I will see if I can find the correct address for you and post in another post for you.;)

di3004

OOps sorry Covlass, our lovely Marshallka beat me to it lol, I missed that one at first, sorry hun.:o , and thanks Marshallka.;) x

di3004

Amtrak

Forgot to say well done on your bank transfer, Well done hunni :T :beer: I have been rushing through the posts earlier as I am also helping my son as well with his schooling.....:D , great you can help out as well, we appreciate this very much, thank you.:T xx

di3004

nova wrote: »

Hi Everyone,
Im back!
I've just read back at the 26 dec, the last time l was on here and thanks for all your kind messages, l tried popping in while l was in spain but dads laptop thingy would'nt let us on the internet!
Hope you're all ok and had a good time, we got back and the bank got back to us about uping the charges offer which they did by £20!!!! not bad when we're claiming £4555.00!!! yes that was sarcasm! Oh you have to laugh otherwise we'd go even mader!!.
Now l need to sort all the paper work and see where l got up to, so l'll tune in later, Lots of love to you all xxx

Hellooooo Nova and welcome home :T :beer: .

Hope you had a lovely time.:A .

What a thing to come home to. bless you.....:rolleyes: , but yep get on with your claims hunni, go and get em , and remember post when you require some help.;)

Di
xx

Dreamer06

marshallka wrote: »

What did she mean by "they were paying the PPI premiums for you"??

I dont know, but I have just phoned them up now for an update & spoke to a pleasant gentleman who told me that I should receive a letter within a week. Have also contacted capital one, they are refunding £101.72 instead of the sum i thought would be £87!:j

di3004

Dreamer06 wrote: »

I dont know, but I have just phoned them up now for an update & spoke to a pleasant gentleman who told me that I should receive a letter within a week. Have also contacted capital one, they are refunding £101.72 instead of the sum i thought would be £87!:j

Hiya hun

Sorry I missed your post earlier, but I can see our Marshallka responded.;)

That is a lovely surprise.......:T , bet this has made your day hun, well done to you :beer: .

Di
x

marshallka

nova wrote: »

Hi Everyone,
Im back!
I've just read back at the 26 dec, the last time l was on here and thanks for all your kind messages, l tried popping in while l was in spain but dads laptop thingy would'nt let us on the internet!
Hope you're all ok and had a good time, we got back and the bank got back to us about uping the charges offer which they did by £20!!!! not bad when we're claiming £4555.00!!! yes that was sarcasm! Oh you have to laugh otherwise we'd go even mader!!.
Now l need to sort all the paper work and see where l got up to, so l'll tune in later, Lots of love to you all xxx

Thanks for keeping us updated Nova. Catch you soon...;)

marshallka

Dreamer06 wrote: »

I dont know, but I have just phoned them up now for an update & spoke to a pleasant gentleman who told me that I should receive a letter within a week. Have also contacted capital one, they are refunding £101.72 instead of the sum i thought would be £87!:j

Thats a good thing then...well done..;)