PPI Reclaiming Discussion part 4

di3004

lee2021 wrote: »

Thanks Di, I put my claim in on the 20th of Sept 2010, and recieved a response letter on the 30th of Sept???? When did the Judical review come in?

Hiya about the 8 October.
Chase them up on this and any prbs contact the FOS, good luck.;)

mollymoo96

Hi got a letter fro fos today just saying that our case with hamilton insurance is still on going has anyone heard of any will with the underwrites yet?

di3004

mollymoo96 wrote: »

Hi got a letter fro fos today just saying that our case with hamilton insurance is still on going has anyone heard of any will with the underwrites yet?

Hiya

Yours is the same as mine then "Hamilton", and its been a year and a month now since its been with the FOS, but passed on to a adjudicator a few short months back, and still waiting unfortunately, will keep you posted though and good luck with yours too. x;)

mumtothreegirls

Hi my bank have up until next week 25th Nov to reply to me regarding my claim. Do I send my complaint to the FOS after this date?

Thanks

amersall

mumtothreegirls wrote: »

Hi my bank have up until next week 25th Nov to reply to me regarding my claim. Do I send my complaint to the FOS after this date?

Thanks

Hi there, is that the 8 weeks?. I would see if they ask for more time, or they may just get back to you by this date with a decision.You can go to fos after the 8 weeks but if the bank are communicating with you then i would stay with the bank as the fos can take some time!.

dani_79

Hi,

I am after a bit of advice regarding credit card insurance that I am trying to reclaim from LLoyds.

I wrote to them initially at the beginning of August stating my reasons for wanting my insurance paid bac, the reasons that I used were the same reasons that I had used when re-claiming loan PPI , the credit card and the loan were taken out at the same meeting.

Lloyds wrote back to me rejecting my claim saying that I was wrong etc and that the insurance was sold lawfully.

I posted on here with regards to this as it baffled me slightly that they have admitted mis-selling the loan ppi but not the credit card insurance, it was all sold to me at the same time. Di gave me some advice and said to write back to them stating this giving them 14 days to look into it and re assess the info that I had sent to them.

I sent the letter to them on the 16 September via recorded delivery, i phoned LLoyds to check that it was on their system a few weeks later as i had not heard anything from them only to be told that the letter was recieved on the 17th September but that it woould not be looked into due to the court case that started at the beginning of October. I was under the impression that as my letter was sent ion prior to this they would have to deal with it? Am I wrong?

Anyhow I am now getting my bits together to complain to the Ombudsman but was told today that if I had not recieved a final response then the Ombudsman wont deal with my case? I did recieve a final letter but I am guessing that as I sent a letter to them after they sent their Final letter that it is not closed at the bank?

Really sorry to seem so dim I just dont know what to do now and was after some advice.

Many Many thanks in anticipation

liniloo

hi
im new here and not sure im in the right place but i have a secured loan with first plus (june 2007)now uk secure lending , i just rang them about our ppi of £12,245 and they said that it has to be running for 5 years and providing that we dont claim on the insurance and dont miss more than 2 payments in that time they will send out a form for us to sign and they will look into it and then refund us the money.
is that right? do we have to wait until 2012? or am i being fobbed off and can claim now? any help and advice would be appreciated.
many thanks
and apologies if im in the wrong forum
Linda
xx

amersall

liniloo wrote: »

hi
im new here and not sure im in the right place but i have a secured loan with first plus (june 2007)now uk secure lending , i just rang them about our ppi of £12,245 and they said that it has to be running for 5 years and providing that we dont claim on the insurance and dont miss more than 2 payments in that time they will send out a form for us to sign and they will look into it and then refund us the money.
is that right? do we have to wait until 2012? or am i being fobbed off and can claim now? any help and advice would be appreciated.
many thanks
and apologies if im in the wrong forum
Linda
xx

PLEASE PLEASE PLEASE GO MIS SELL WITH THIS PPI.
the ppi you have at the moment is payable over the term with interest, and you are only covered for 5 years so at that point you will have to take cover elsewhere. The 5 year payout that you are talking about is the ppi of £12000, you will get this back BUT the 12000 ppi is still on your loan with interest for the rest of the loan.
To give you an idea of what you will be paying for this money back, calculate the monthly ppi payment by the loan term and that will make your jaw drop, and you will have no ppi protection after 5 years either. If you win mis sell then the £12000 is taken off the balance of your loan thereby reducing your monthly payment by the ppi monthly amount, you recieve back to you the ppi monthly payments made to date (if any arrears they take these off first). Fos dont look too kindly on these types of ppi, so get a letter off to fp today saying you were mis sold this ppi because.
1) you did not know the ppi was another loan added to the original .
2) you were only covered for 5 years with this ppi.
3) after 5 years you would get the ppi back but without interest.
4) after the 5 year period, you would still be paying the ppi back for the remaining loan term with interest.
5) this was not explained to you fully enough to make an informed decision.
6) As fp take 70% comission on the sale of these policies, you believe that this was the incentive to sell without disclosing the full facts to you.

Try phoning fp and tell them you want to claim mis sell and i think they will take your complaint over the phone, if they dont write a letter and send it recorded. These types of policies are the most upheld for mis sell just by the nature of it.

superfurry909

Hi,
I am after some advice on what to do next, sent letter to Nat West re PPi miselling 8 weeks ago, recieved letter from RBS today stating they are continuing to gather info, yet when I phoned them last week they said that the invesitgation had been concluded, and were awaiting someone to review the claim, but due to the backlog this could take another 6 weeks. Is this just a stalling tactic? Any advice on wether to go to the Ombudsman at this point would be grateful, or is it worth awaiting RBS to give their reply?
Would an email to the CEO be of any use?

Trotboy

Hi,

Having followed the Instructions to reclaim our RBS Mortgage Loanguard Insurance which was missold, I have now received a letter from RBS saying that since they cannot prove otherwise they are making a 'goodwill' repayment of all the premiums - no mention of Interest.

Am I right to continue to pursue this to get the interest, or am I better off settling - which goes against the grain since they don't have a leg to stand on and have effectively admitted as much?

Cheers, and thanks for all the great advice and resources!

Steve.