PPI Reclaiming Discussion part 4

amersall

ajat uk. if they wont give anymore back to you, tell them you will have to reduce the monthly payment you now pay them as you are in financial hardship!!! see what they say then. as they will have to wait longer for what you owe them!! halving it sounds good lol

di3004

amersall wrote: »

ajat uk. if they wont give anymore back to you, tell them you will have to reduce the monthly payment you now pay them as you are in financial hardship!!! see what they say then. as they will have to wait longer for what you owe them!! halving it sounds good lol

Yes that is a good idea, and the way I also see it the debt would not be so high if they did not mis sell the product in the first place.;)

amersall

di3004 wrote: »

Yes that is a good idea, and the way I also see it the debt would not be so high if they did not mis sell the product in the first place.;)

yes i agree di 100%. i for one will not be stung again by any financial product x

ajatuk

Thanks guys - I now pay the loan repayments regularly and have done for a year now...I only missed a few payments when they passed it to recovery...How do i go about declaring 'financial hardship'? would I have to supply them with bank statements etc, i dont claim benefits as i am in the Army, however do suffer financially due to CSA payments, etc. I did reduce my monthly repayments from 250 to 150 a month once it was passed to recovery as I couldnt afford 250 so maybe that would strengthen my case of proving 'financial hardship'???

amersall

ajatuk wrote: »

Thanks guys - I now pay the loan repayments regularly and have done for a year now...I only missed a few payments when they passed it to recovery...How do i go about declaring 'financial hardship'? would I have to supply them with bank statements etc, i dont claim benefits as i am in the Army, however do suffer financially due to CSA payments, etc. I did reduce my monthly repayments from 250 to 150 a month once it was passed to recovery as I couldnt afford 250 so maybe that would strengthen my case of proving 'financial hardship'???

hi there, yes that would strengthen your case ,you just need to do a financial statement, list your incomings and outgoings (they may require pay slips) just show that you dont have 150 left each month but will offer them what you do have left. phone the recovery dept to do this, i have done this over the phone before so you shouldnt have a problem. good luck and let us know how you get on

di3004

ajatuk wrote: »

Thanks guys - I now pay the loan repayments regularly and have done for a year now...I only missed a few payments when they passed it to recovery...How do i go about declaring 'financial hardship'? would I have to supply them with bank statements etc, i dont claim benefits as i am in the Army, however do suffer financially due to CSA payments, etc. I did reduce my monthly repayments from 250 to 150 a month once it was passed to recovery as I couldnt afford 250 so maybe that would strengthen my case of proving 'financial hardship'???

Hi there

I would write and tell them, you have only missed a few payments when passed on to recovery and have since been your monthly repayments and kept up, but you were already deprived of this money when this was mis sold to you (out of pocket), and believe it should be rightfully refunded to you where you can decide what you want to use your refund on.

Tell them you have set arrangements already in place due to financial hardship, this is why a payment plan of £150 were arranged so that you could survive.
Something along those lines will be fine.;)

amersall

di3004 wrote: »

Hi there

I would write and tell them, you have only missed a few payments when passed on to recovery and have since been your monthly repayments and kept up, but you were already deprived of this money when this was mis sold to you (out of pocket), and believe it should be rightfully refunded to you where you can decide what you want to use your refund on.

Tell them you have set arrangements already in place due to financial hardship, this is why a payment plan of £150 were arranged so that you could survive.
Something along those lines will be fine.;)

ditto xxx:)

di3004

amersall wrote: »

ditto xxx:)

:);)
I do hope they understand and will do this for ajatuk, fingers crossed X

di3004

Have you read this as well from the FOS site?

http://www.financial-ombudsman.org.uk/publications/ombudsman-news/84/84-banking-complaints-involving-setoff.htm

ajatuk

Thanks for that Di - not sure if, after reading that its good or bad news for my case ??? Surely if they owe me money for PPI then they cant decide where that money goes?? It may be that I choose to pay it off my loan, however surely thats my choice to make? Hmmmm...not got a good feeling about this one