PPI Reclaiming Discussion part 4

Dazzarazza

Thank you Di I shall do x

donda

barclays of dublin
Hi all does anyone know of an email address for barclays of dublin ? they arent sending out a copy of my ppi wondered if anyone knew of a contact, so they would have to replyphone calls are a wate of time so is the letter i posted

di3004

donda wrote: »

barclays of dublin
Hi all does anyone know of an email address for barclays of dublin ? they arent sending out a copy of my ppi wondered if anyone knew of a contact, so they would have to replyphone calls are a wate of time so is the letter i posted

Hiya

Wonder if this will be of any help, good luck.

http://group.barclays.com/Sustainability/Contacts

donda

thanks di will give this a try

di3004

donda wrote: »

thanks di will give this a try

Your very welcome, hope you get more joy, fingers crossed, please keep us posted.;)

Rattler

　
Hi guys and girls,

been having a look at Martins article about PPI as there are a few tv ads running at the moment regarding claiming it back, I didn't want to trust some other company to make a claim for a fee if it could be done for free by ones self.

The wife took out a loan in 2005 with HFC for £20,000 to cover our wedding etc. A year later, 2006, I contacted Credit Expert for my credit files and found to my horror the loan with HFC in the wifes name was for a term of 60 month with an interest rate of 20%. I didn't understand why she went to them in the first place, let alone agree to 20% interest, when she had a good credit score, a good job and a long standing account with Barclays. We had words and ended up going to see her Barclays financial advisor to get it sorted.

We obtained a settlement figure and Barclays bought out the loan from HFC. We added an extra £5,000, I think, to cover solicitors fees for a house purchase and ended up with a new home, a mortgage and a loan for 60 months at a much lower rate of just 8%.

A couple years later, 2008, we had an emergency and needed £3,000 in a hurry, there was no way I could raise it at that time so the wife went back to Barclays while I was at work and managed to borrow the £3,000 we needed, by adding it to the other loan. The thing is, unbeknownst to me,

* they started a new higher loan for another 60 month and
* paid themselves back the outstanding balance of the other loan,
* plus an early cancillation fee,
* added PPI by simply saying to the wife that she needed it
* and increased the interest on the loan to 12.773%

This month, they send out an annual statement for the loan which has started me off on this PPI quest.
Martin reported in his article:-

Personal Loan PPI: 15% although it can be anywhere between 10 and 30%.

This seems low compared to what has now come to light the wife is paying back, it's half the loan amount and a third of the outstanding balance.

Barclays have been kind enough to offer some sore of break down of the cost involved in there annual statement:-

Cash Loan........................ £22,000.00
PPI Premium loan...............£11,931.02
Date of first entry...............6th November 2008 (not 2006)
and they have also made a mistake by stating Term of the agreement (months) = 120????

As of the 6th October 2010:
D/D Payment..................... £502.10
Interest............................ £319.68
Balance........................ £30,268.79

If the term of the agreement was 120 month the outstanding balance would simply be double.

Do you notice, they have added the cash loan to the PPI before calculating the monthly interest? Says to me they consider the full amount to have been taken up front.
　
2 QUESTIONS.
* Can we claim back the full amount PPI of £11,931.02 from Barclays?
* Can we claim back the PPI from HFC for the original loan back in 2005 too?
　
　Rattler
　
　

amersall

Rattler wrote: »

　
Hi guys and girls,

been having a look at Martins article about PPI as there are a few tv ads running at the moment regarding claiming it back, I didn't want to trust some other company to make a claim for a fee if it could be done for free by ones self.

The wife took out a loan in 2005 with HFC for £20,000 to cover our wedding etc. A year later, 2006, I contacted Credit Expert for my credit files and found to my horror the loan with HFC in the wifes name was for a term of 60 month with an interest rate of 20%. I didn't understand why she went to them in the first place, let alone agree to 20% interest, when she had a good credit score, a good job and a long standing account with Barclays. We had words and ended up going to see her Barclays financial advisor to get it sorted.

We obtained a settlement figure and Barclays bought out the loan from HFC. We added an extra £5,000, I think, to cover solicitors fees for a house purchase and ended up with a new home, a mortgage and a loan for 60 months at a much lower rate of just 8%.

A couple years later, 2008, we had an emergency and needed £3,000 in a hurry, there was no way I could raise it at that time so the wife went back to Barclays while I was at work and managed to borrow the £3,000 we needed, by adding it to the other loan. The thing is, unbeknownst to me,

* they started a new higher loan for another 60 month and
* paid themselves back the outstanding balance of the other loan,
* plus an early cancillation fee,
* added PPI by simply saying to the wife that she needed it
* and increased the interest on the loan to 12.773%

This month, they send out an annual statement for the loan which has started me off on this PPI quest.
Martin reported in his article:-

Personal Loan PPI: 15% although it can be anywhere between 10 and 30%.

This seems low compared to what has now come to light the wife is paying back, it's half the loan amount and a third of the outstanding balance.

Barclays have been kind enough to offer some sore of break down of the cost involved in there annual statement:-

Cash Loan........................ £22,000.00
PPI Premium loan...............£11,931.02
Date of first entry...............6th November 2008 (not 2006)
and they have also made a mistake by stating Term of the agreement (months) = 120????

As of the 6th October 2010:
D/D Payment..................... £502.10
Interest............................ £319.68
Balance........................ £30,268.79

If the term of the agreement was 120 month the outstanding balance would simply be double.

Do you notice, they have added the cash loan to the PPI before calculating the monthly interest? Says to me they consider the full amount to have been taken up front.
　
2 QUESTIONS.
* Can we claim back the full amount PPI of £11,931.02 from Barclays?
* Can we claim back the PPI from HFC for the original loan back in 2005 too?
　
　Rattler
　
　

Hi there and welcome, this is clearly frontloaded ppi, look here for other reasons for mis sell.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#checklist
You can claim both ppi back, the loan that is still running will (if you win mis sell) have the total ppi amount taken off the balance of your loan, ppi monthly payments made to date with interest paid back to you, and the loan reset at the same apr and term and your monthly payment will reduce by the ppi monthly amount. The loan settled, you will get back the ppi amount with interest, less any rebate they gave you on this. When you put your claim in put all account numbers and tell them that these loans were rolled over and you claim mis sell for the ppi on these loans.
You can use the template letter off this site, or write a letter in your own words saying you were mis sold these payment protections, and give your reasons why and you want ppi paid to date with interest returned to you. Does your ppi only cover you for less years than the loan? as this is a reason for mis sell as you will have no cover but still pay the ppi over the loan term with interest. Hope this helps and if you need anymore help, just yell.
You will get all the help you need here for free, just the cost of a couple of stamps.

jenster2009

Hello

I need some avice on my claim with nationwide.

I wrote the letter a last year, that was ignored and a few weeks ago i chased it up, and have now had my first reply.

They state that I took my card out in june 2001, with no ppi, then when a new card came through in jan 2003, i had to ring to activiate it, and during that phone call I agreed to the ppi insurance being added to my account. And that I should have canceled during the coolinf off period And that a policy doucument was sent out. I do not remember this, I have no copy of the policy document.

I feel that this was still missold, cause I had no idea that I had taken out the policy.

Can you please offer some advice?

I have also written to M&S money, and this is now in a queue for the ombudsman.

Sorry for the spelling etc, got a baby of 1 year jumping on me!!

thanks

amersall

jenster2009 wrote: »

Hello

I need some avice on my claim with nationwide.

I wrote the letter a last year, that was ignored and a few weeks ago i chased it up, and have now had my first reply.

They state that I took my card out in june 2001, with no ppi,
You took this without ppi, so why would you then take it?
then when a new card came through in jan 2003, i had to ring to activiate it, and during that phone call I agreed to the ppi insurance being added to my account.
When you say you agreed to this, in what way?
And that I should have canceled during the coolinf off period And that a policy doucument was sent out. I do not remember this, I have no copy of the policy document.


I feel that this was still missold, cause I had no idea that I had taken out the policy.

Can you please offer some advice?

I have also written to M&S money, and this is now in a queue for the ombudsman.

Sorry for the spelling etc, got a baby of 1 year jumping on me!!

thanks

READ THIS THREAD HERE
https://forums.moneysavingexpert.com/discussion/2553065
LAST PAGE, POST NUMBER 211. This may help give you an idea what to do next x.

hamop

amersall wrote: »

Hi there, give them a ring and ask what is happening, they will tell you, and if you are not happy with the reply then send an email to the ceo of barclays.

Apologies if this is getting a bit out of sync, but it's a reply to thank 'amersall' for answering my post number 14377 and 14381 of yesterday...

I've just come off the phone to Barclays and they say they are not able to make an offer in respect of the PPI at this point in time as they are ALL subject to 'judicial revue'.

Could someone on here (amersall or di3004 are hot on this sort of detail) advise me if this is correct, or is it just a fob-off?

Just to reiterate, I have a letter from Barclays dated 29th September saying they will contact me again by 29th October,but that date came and went and still nothing....hense the phone call to them today.

Question is: Should I write to them again, giving them a set period (a couple of weeks in which to make me an offer), after which I will go straight to the Ombudsman. Or what ?

Any thoughts on this please?

thanks :-)