PPI Reclaiming Discussion part 4

amersall

Turboman wrote: »

Hi folks

You all ok?

Turbo

Yoo hoo I am ok. you? x.

Turboman

amersall wrote: »

Yoo hoo I am ok. you? x.

Yes Ok---as you probabably know--hanging out at LB & PAG at moment-(specialising on the more complex sums where we often have 9 loans rolling mode etc) -thats where I kidnapped Di & Marshy to help me & Bill-k)

---

but you tight b.uggars wouldn't pay the ransom!!

Mikey1414

robbedofmymoney wrote: »

you should be looking to get back approx the following

2446 - 1704 = 742

so £742 + 8% simple interest from 2000

8% simple would be approx £588

so total refund should be approx £742 + £588 = £1,330

well done on youe success.
:beer:

Very many thanks for this - your assistance very much appreciated and indeed the website as a whole - without this I wouldn't be getting the money back - thanks, it really means a lot :-)

Turboman

Mikey1414 wrote: »

Very many thanks for this - your assistance very much appreciated and indeed the website as a whole - without this I wouldn't be getting the money back - thanks, it really means a lot :-)

See my post above---the figures are totally wrong----you are expecting far far far far more than this (Rob has not taken account of the apportioned part of the settlement figure actually paid.)

Thie above is far too simplistic an approach

Give me answers to above questions and I'll post you an Image of one of our complex SS for Settled Loans & show the thread how to do it scientifically & mathematically in detail

amersall

Turboman wrote: »

Yes Ok---as you probabably know--hanging out at LB & PAG at moment-(specialising on the more complex sums where we often have 9 loans rolling mode etc) -thats where I kidnapped Di & Marshy to help me & Bill-k)

---

but you tight b.uggars wouldn't pay the ransom!!

:rotfl::rotfl::rotfl::rotfl: Sure i can manage 50p x

mrsdunny207

amersall wrote: »

Hi there, the company you are using have to wait to get a reply from the broker, this is what happens. Just so you know, If the loan is still running, the company you are using will charge you a fee on the whole of the ppi amount so their % will be on the whole ppi you get back and not just what is refunded to you, ie the monthly ppi payments made to date. You may find that you will owe the company when you win mis sell. If the loan is settled, then they want the % again of the whole ppi and you may get some back.I really wish your hubby had listened to you, and did this his self, all the company will do is what you can do your self for the price of a couple of stamps. People, myself included have won with fp and all it took was 1 letter (2 if it was brokered)
This is a no brainer, front loaded ppi are a rip off and 99% of these are upheld by fos, if it goes that far. People who have used companies are then coming on sites like this asking for advice (not having a go here) you must ask yourself the question "what are we paying the company for"?. This to them is money for old rope, with you not having the agreement you could have asked fp for this for £1 and found out who the broker was. There was a poster yesterday, who is paying a company and has done most of the ground work his self and still the company have a cheek to send a bill.

Thanks very much for the reply - I do appreciate it.

The claims company have written to say there isn't anything they can do since Freedom Finance have gone bust and weren't regulated by the FSA (?) in 2000 when DH took out the loan. Now I'm trying to work out if we can pursue this ourselves somehow or if they are correct and due to the loan being settled in 2001 we have missed the boat.

Would it be worth doing the SAR thing to get all the Firstplus details to establish some grounds for a claim?

Thanks again!

amersall

mrsdunny207 wrote: »

Thanks very much for the reply - I do appreciate it.

The claims company have written to say there isn't anything they can do since Freedom Finance have gone bust and weren't regulated by the FSA (?) in 2000 when DH took out the loan. Now I'm trying to work out if we can pursue this ourselves somehow or if they are correct and due to the loan being settled in 2001 we have missed the boat.

Would it be worth doing the SAR thing to get all the Firstplus details to establish some grounds for a claim?

Thanks again!

Hi there, i dont think there is anything you can do to be honest. Try giving fos a ring and see if they can give you any advice.They may be able to give you guidance on this, give fscs a ring and see if they can give you guidance on this, you never know they may be able to give you another route to go down?. I know it is no consolation, but at least you dont have to pay the claims company.You have valid reasons for a mis sell with this fp loan and the fos uphold 99% of these claims. I wonder if you do a sar to fp and attack them for this? tell them you know the broker is bust, but as they were the ones who sold you this loan they must bear some responsibility?. Ring fos and fscs and see if you could give this a go. It may not work but at least you are no worse off than you are now x. Please keep me posted and updated. I will keep my fingers crossed for you.

amersall

mrsdunny207 wrote: »

Thanks very much for the reply - I do appreciate it.

The claims company have written to say there isn't anything they can do since Freedom Finance have gone bust and weren't regulated by the FSA (?) in 2000 when DH took out the loan. Now I'm trying to work out if we can pursue this ourselves somehow or if they are correct and due to the loan being settled in 2001 we have missed the boat.

Would it be worth doing the SAR thing to get all the Firstplus details to establish some grounds for a claim?

Thanks again!

Hi there, who was the insurer?.

di3004

Snowing mad like here, and been having some internet connection problems.... so may not be posting much tonight, will see what happens.

Hope all is well amersall.:A

Hi Turbo.;)

XXX

amersall

di3004 wrote: »

Snowing mad like here, and been having some internet connection problems.... so may not be posting much tonight, will see what happens.

Hope all is well amersall.:A

Hi Turbo.;)

XXX

Oooh :eek::eek: We cant have you disconected di :eek::eek: We need your brain and speed And i dont mean the drug :rotfl::rotfl::rotfl:
Am i right that if a firm used a broker for a loan and the broker is bust, and the loan is not covered by the fscs (2001) then is it possible to still go for the insurer?.