PPI Reclaiming Discussion part 4

stereo_mike

SAJ0427 wrote: »

Thanks, this is pretty much what we thought. Do you know if we take this to the FOS and if claim is not upheld if we can still claim back the 21K after 5 years of not claiming PPI as insurance is not being cancelled.

And if FOS are still inventigating at point of which we need to claim the 21K, can we still do this with an ongoing investigation with FOS??

Sorry for all the questions, you have all been a great help!!! We are truly grateful.

Yes you can. FOS will just deduct the refund from any compesation if your claim is successful. Usually these refunds have a time period which you have to apply for them in, plus the loan must still be in force, and you usually can't have missed any payments either.

marshallka

lucieloo wrote: »

hi agin all, i have a ppi claim with the fos at the minute and its with the one and only firstplus. my question is i have had to pursue the insurer as my broker was not overed by gisc and i was wondering if i didnt win this ppi claim could i go for unfair rebate>? and if i did who would i pursue with? firstplus? or would it be again the insurer?

The rebate complaint is against the insurer BUT Fos told me it was either complaint and not both. The misselling against the insurer OR the rebate against the insurer. I was told you can not do both against them.

marshallka

robbedofmymoney wrote: »

to be completely honest i don't know, however the FOS are taking about 6 months so it may not make any difference,

i'm sure others have had experience with FP and will advise accordingly.

cheers

Is that all FOS are taking now robbedofmymoney?

marshallka

stereo_mike wrote: »

Yes you can. FOS will just deduct the refund from any compesation if your claim is successful. Usually these refunds have a time period which you have to apply for them in, plus the loan must still be in force, and you usually can't have missed any payments either.

Hi stereo mike.

What would happen then if they are both settled about the same time?

SAJ0427

Thanks stereo_mike,

I'm being a bit dim....Did you mean yes we can claim the 21K after 5 years if claim is not upheld too? or just yes we can claim whilst FOS are investigating.

The window for the claim of the 21K is 30 days - not very much time. Has anyone had any experience of trying to claim after 5 years? Any tips??

Loan is still running and will be for a long time (unless we win the lottery) but we have not missed a single payment - fingers crossed it stays that way.

Thanks again.

stereo_mike

SAJ0427 wrote: »

Thanks stereo_mike,

I'm being a bit dim....Did you mean yes we can claim the 21K after 5 years if claim is not upheld too? or just yes we can claim whilst FOS are investigating.

The window for the claim of the 21K is 30 days - not very much time. Has anyone had any experience of trying to claim after 5 years? Any tips??

Loan is still running and will be for a long time (unless we win the lottery) but we have not missed a single payment - fingers crossed it stays that way.

Thanks again.

You can claim after the 5 years whether your claim is ongoing or unsuccessful, it just has to be done in the 30 day window you have

marshallka

SAJ0427 wrote: »

Thanks stereo_mike,

I'm being a bit dim....Did you mean yes we can claim the 21K after 5 years if claim is not upheld too? or just yes we can claim whilst FOS are investigating.

The window for the claim of the 21K is 30 days - not very much time. Has anyone had any experience of trying to claim after 5 years? Any tips??

Loan is still running and will be for a long time (unless we win the lottery) but we have not missed a single payment - fingers crossed it stays that way.

Thanks again.

If FOS are investigating then it will not take 5 years (edited after reading stereo mikes input) If you win you will get back all you have paid to date and the rest (including the interest that was charged on the loan for PPI) would be taken off the amount owing and a new loan drawn up for the balance without PPI.

robbedofmymoney

marshallka wrote: »

Is that all FOS are taking now robbedofmymoney?

i heard this was the average,
obviously more complexed cases seem to be taking longer,
i may be wrong,

marshallka

robbedofmymoney wrote: »

i heard this was the average,
obviously more complexed cases seem to be taking longer,
i may be wrong,

I hope you are right. My last one was 14 months.

SAJ0427

stereo_mike wrote: »

You can claim after the 5 years whether your claim is ongoing or unsuccessful, it just has to be done in the 30 day window you have

Excellent thanks a million, you have all been brilliant.

I will send a response to Denise Wilmot refusing the offer and requesting detailed breakdown of the payment offer and I will take it to the FOS.

Will keep you all updated with our progress.

Again thanks to all - this has been such a big help.