PPI Reclaiming Discussion part 4

jackbebo

hi my son inlaw took out a loan 5 years ago wen he was 18 for his first car the bank told him hes not having the loan without ppi so thought he had no choice and took out the loan and ppi with them barcleys, couple ov yaers later they let him hav a credit card and he ran up a large bill and got into trouble paying it back lots ov late payment charges lots ov interest and so on in the end they froze the account and he agreed to pay £20 mounth or more if he can afford it as he wants to clear his debt if he goes to one ov these claim companys to claim his ppi back can the bank take it back for his credit card debt hes worried because these companys will want there percentage no matter wot its a no win no fee company but if they win his claim theyll want paying its great to have the debt cleared but there might not be enough to pay the claim company so hes a bit scared to start the claim .:(

amersall

jackbebo wrote: »

hi my son inlaw took out a loan 5 years ago wen he was 18 for his first car the bank told him hes not having the loan without ppi so thought he had no choice and took out the loan and ppi with them barcleys, couple ov yaers later they let him hav a credit card and he ran up a large bill and got into trouble paying it back lots ov late payment charges lots ov interest and so on in the end they froze the account and he agreed to pay £20 mounth or more if he can afford it as he wants to clear his debt if he goes to one ov these claim companys to claim his ppi back can the bank take it back for his credit card debt hes worried because these companys will want there percentage no matter wot its a no win no fee company but if they win his claim theyll want paying its great to have the debt cleared but there might not be enough to pay the claim company so hes a bit scared to start the claim .:(

Hi there, do this your self, you will get all the help you need on this site for free. If your son wins a mis sell then the refund may go to reduce his debt, so you would be wise not to use a company, as you say he could end up owing the company!.
look here for reasons for mis sell.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#checklist

If any apply to your son, either, do the online form on this site (all is explained in the link i gave) or write a letter yourself saying you were mis sold this ppi because.. and give the reasons. If you need anymore help just shout.

Harry_the_dog

Morning Di,
I wonder if you could give me some advice on 2 loans i had out with Barclays Bank in 1998 and 1999 respectively (both fully paid up early)
Firstly i new i had taken out these loans but have not keep the paperwork so i completed a SAR and recieved 2 statements from both loans with the A/C numbers but no mention of PPI on either. i then requested the paperwork from them and recieved the standard response that they do not hold any paperwork that is older than 6 years. Now my question is can i still put a claim in for mis sold PPI on these as i did not need it as my employers benefits would have more than covered the repayments (full sick pay and PHI if unable to return to work)

thanks
Harry

livdoll

:mad: Thank you and yes it's still running and being paid for! Just find it crazy that they have the account details for the payments but no copy of either ! will get onto the Obudsman next.

mozl01

Morning just to let you know that I got a letter from the yorkshire bank this morning asking for another 4 weeks so will have to wait an see on that one. But on a brighter note I also got a letter from RBS offering me £588.00 ace !!!! Just got to send the acceptance form back and should be in my account in time for xmas so my kids are having a good one

mozl01

morning just a quick update RBS have offeed me £588.00 which is great just in time for Xmas and yorkshire back have asked for another 4 weeks so fingers and everything crossed x

donda

yorkshire bank
me too had a letter yesterday asking for another 4 weeks let me know how you go on;) hoping i get something for xmas

donda

hi di
thats right have started a reclaim, loan is in joint names and only the hubby is on the insurance, wasnt told the ppi was optional so fingers crossed x

amersall

mozl01 wrote: »

Morning just to let you know that I got a letter from the yorkshire bank this morning asking for another 4 weeks so will have to wait an see on that one. But on a brighter note I also got a letter from RBS offering me £588.00 ace !!!! Just got to send the acceptance form back and should be in my account in time for xmas so my kids are having a good one

:beer:Well done :j good luck with the yb one :money:

di3004

Harry_the_dog wrote: »

Morning Di,
I wonder if you could give me some advice on 2 loans i had out with Barclays Bank in 1998 and 1999 respectively (both fully paid up early)
Firstly i new i had taken out these loans but have not keep the paperwork so i completed a SAR and recieved 2 statements from both loans with the A/C numbers but no mention of PPI on either. i then requested the paperwork from them and recieved the standard response that they do not hold any paperwork that is older than 6 years. Now my question is can i still put a claim in for mis sold PPI on these as i did not need it as my employers benefits would have more than covered the repayments (full sick pay and PHI if unable to return to work)

thanks
Harry

Hi Harry

Meanings they didn't send anything in relation of the PPI, I would now then perhaps take the chance, see what they come back with then.;)
So with the reasons you have, go for it.
Good luck and please keep us posted.

I did read that someone else on here recently had done the same thing and they did not have any paperwork and were successful, so fingers crossed.:)