PPI Reclaiming discussion Part III

dreamer33

:money:

marshallka wrote: »

Dreamer, are you expecting something from Freedom today... ??

Let us know if you get anything..

Yeah got butterflies when you asked lol FF said a letter was going out in post last night.

Really not looking forward to it at all :eek: I have a strong gutt feeling its a copy of their final response which, means to me that they still have not justified that it was mis-sold, only ever said "we signed we agreed".

I don't think they can use the limitation act as they have never justified it properly?

I called in aug 04 to say was not happy but put complaint in writing Sept 05.

Will let you know x

di3004

dreamer33 wrote: »

:money:

Yeah got butterflies when you asked lol FF said a letter was going out in post last night.

Really not looking forward to it at all :eek: I have a strong gutt feeling its a copy of their final response which, means to me that they still have not justified that it was mis-sold, only ever said "we signed we agreed".

I don't think they can use the limitation act as they have never justified it properly?

I called in aug 04 to say was not happy but put complaint in writing Sept 05.

Will let you know x

Good luck dreamer, we are all behind you hunni.;)

dreamer33

di3004 wrote: »

Good luck dreamer, we are all behind you hunni.;)

I feel sick because I know the next step is court, am trying to prepare myself for this, need to gather all my evidence together. Think the phone call I have is enough.

dreamer33

Marshallka the only figures I can give are below:

Amount of loan £40k
optional (ha ha) ppp £9796
Total loan £49766
mthly % rate 0.869
APR 10.9
estimated num of mthly payments 240
Monthly payment £494.75


Figures received from FP nov 05:

The total amount required to repay your exist loan:

Total amount payable under the agreement £90183.46
Less our rebate on early settlement £39488.51
Plus admin charge £150
total amoun payable £50844.95


Loan taken out Jan 04 settled Nov 05 the interest rate went up every single month aswell so payments got higher and higher

di3004

dreamer33 wrote: »

I feel sick because I know the next step is court, am trying to prepare myself for this, need to gather all my evidence together. Think the phone call I have is enough.

I wish I could be there with you hunni and I'm sure it will go better than thought if this case goes to court, I don't think the other party actually attends court themselves do they? That is what I did hear, I could be wrong but hun remember we are with you over 100%.;) :A xx

di3004

dreamer33 wrote: »

Marshallka the only figures I can give are below:

Amount of loan £40k
optional (ha ha) ppp £9796
Total loan £49766
mthly % rate 0.869
APR 10.9
estimated num of mthly payments 240
Monthly payment £494.75


Figures received from FP nov 05:

The total amount required to repay your exist loan:

Total amount payable under the agreement £90183.46
Less our rebate on early settlement £39488.51
Plus admin charge £150
total amoun payable £50844.95


Loan taken out Jan 04 settled Nov 05 the interest rate went up every single month aswell so payments got higher and higher

So they calculated this as an whole figure then?
Sorry if I missed this but how how long did you have this loan for hun?

ElastiMum

Hi
Just an update on where I'm at with reclaiming PPI from egg. I received a letter from them today to say they're still looking into my complaint but it requires further investigation and they will respond again within the 8 week period from my original complaint (its been 4 weeks now). I presume they'll drag it out until then.. but here's hoping!!

di3004

ElastiMum wrote: »

Hi
Just an update on where I'm at with reclaiming PPI from egg. I received a letter from them today to say they're still looking into my complaint but it requires further investigation and they will respond again within the 8 week period from my original complaint (its been 4 weeks now). I presume they'll drag it out until then.. but here's hoping!!

Thanks for letting us know, mark it down on your calendar if you have not done so already hunni and hope it will be a good outcome, good luck and we look forward to hearing the final response on this.;) Hopefully you will hear before the 8 weeks deadline.;)

Di

ElastiMum

maxdp wrote: »

Hi Elastimum

Yes you would if they were front loaded and you refinanced them the PPI would effect both loans so claim for both and make sure you tell them (in case they forget) that they were not stand alone loans but were re-financed.

Good Luck:D

Hi Maxdp

Not sure how to proceed with this. As I said - I've already submitted a letter to Egg with respect to the 2nd Loan and the PPI on that. That claim is with Egg for 4 weeks - so I expect to hear some final decision on that in the next 4 weeks.
Should I submit a second complaint on behalf of the PPI on the first loan and mention that this loan was terminated early as it was part of a refinance for the 2nd loan???
Hope this makes sense to you - as it makes none to me!

thanks again

dreamer33

di3004 wrote: »

So they calculated this as an whole figure then?
Sorry if I missed this but how how long did you have this loan for hun?

I'm not sure how it was calculated? Got the loan in jan 04 settled in Nov 05