PPI Reclaiming Discussion part 4

bubbles16

Thanks Again Robbedofmymoney:o

Thought that would be the case but thanks for clarifying.:T

di3004

jamesrwhitehead wrote: »

Hi All,

When reading up on reclaiming PPI for loans I hear sometimes hear mention that the loan must have finished within the last 6 years.

Why is this exactly? If the loan finished 7 years ago for example, does this mean you're unable to reclaim?

Specifically I am talking about Egg.

James

Hi and welcome James.

Many have still been successful in reclaiming ppi from earlier than 6 years, if a bank you should be okay as they would have been regulated by GISC (General Insurance Standards Council) then afterwards the FSA taken over.
A few of mine have been successful via 2001 and others on here even earlier than that, so don't let that put you off.

However, they say 6 years as a time statute/barred, for instance something similar to when people are being chased for older debt gone past the 6 years that its time barred.
If the business still hold details on the accounts prior to 6 years then give it a go, or if you still have the paperwork.

Sorry I am not good at explaining in details these time barring matters, but if you think you have a reclaim, going back to earlier years, give it a shot at least, good luck.;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Ask for any help if required, good luck.

di3004

hannah29 wrote: »

hi
i have sent a letter to ikea claiming my ppi cashback 7 weeks ago. finally got a standard letter from them saying they are looking into my complaint!
how long should i leave it before chasing them up?
has anyone dealt with ikea on ppi?

also sent a cheque for a £1 to argos asking for a copy of my agreement, the cheque cleared in my bank on the 15th september but still no agreement, should i be chasing this by now or wait a few more days?
thanks
hannah

Hi hannah

They normally have 8 weeks, so give them a further week, if nothing by then, chase them up.

And for the copy of the agreement, this is usually about 12-14 days after, so keep a check on your post, good luck.;)

amersall

jamesrwhitehead wrote: »

Hi All,

When reading up on reclaiming PPI for loans I hear sometimes hear mention that the loan must have finished within the last 6 years.

Why is this exactly? If the loan finished 7 years ago for example, does this mean you're unable to reclaim?

Specifically I am talking about Egg.

James

Hi there, the loan can be still running or finished ,there have been claims here from the 90s. If you have reasons for being mis sold and have the account number put a claim in.Good luck.x

amersall

bubbles16 wrote: »

Hi I am new to posting on this forum although I have been an avid follower.
Hi All
(Posted the comment below yesterday and thanks to Di for her great advice. Was wondering if anyone can tell me if I would need to claim seperately for 2 home improvement loans I got with this mortgage or would that be included in the claim I made on the mortgage PPI)
I requested the PPI back from my mortgage account with LLoyds a few weeks back and have already had a letter today to say I will be getting a full refund as soon as I signed the enclosed acceptance slip. There were no figures in the letter to say how much I am being refunded nor if interest was to be paid so I phoned the Complaints Team. I told them I was a bit aprehensive about signing when I didn't have the figures, they said they didnt know how much it would be but that I had to sign the slip but they did say no interest would be added. I have sent an email to Scott Copsey at Customer Care detailing my concerns about signing the slip and also to say I clearly stated on my complaint letter that I expected interest to be added at 8%. Hope I have done the right thing. Any advice

Hi there, yes you will have to do a seperate claim for the other ppi.Good luck with this.x

cassie4xx

di3004 wrote: »

Hi and welcome.

Well it seems like you have a good case with your reasons.

Now instead of writing a letter to reclaim, what is best now is to complete the FOS questionnaire (the financial ombudsman service) FOS, recently issued these for use of reclaiming from whoever set up and sold you the policy.
Complete and save a copy, and sent to who is responsible for mis selling the ppi to you, they have 8 weeks in full to respond, and post by recorded delivery, this is your proof of posting.

You will find the FOS questionnaire on below link further down the page as Stage one.
[.moneysavingexpert.com/reclaim/ppi-loan-insurance

Good luck with this, please keep us posted and ask for help anytime.

Di

An update for you Di.

I have finally received an offer from HFC for a full refund of the PPI policy. I am over the moon and would like to thank you for the much needed help.

amersall

cassie4xx wrote: »

An update for you Di.

I have finally received an offer from HFC for a full refund of the PPI policy. I am over the moon and would like to thank you for the much needed help.

:beer:Well done to you :j:j:money:

cassie4xx

amersall wrote: »

:beer:Well done to you :j:j:money:

Thanks amersall, I am truly happy today.:D

di3004

cassie4xx wrote: »

An update for you Di.

I have finally received an offer from HFC for a full refund of the PPI policy. I am over the moon and would like to thank you for the much needed help.

That is wonderful cassie :T:j, so happy for you, Congratulations!:beer: and your very welcome.:beer:XX

cassie4xx

di3004 wrote: »

That is wonderful cassie :T:j, so happy for you, Congratulations!:beer: and your very welcome.:beer:XX

:rotfl::T Thanks Di. :beer: