PPI Reclaiming Discussion part 4

di3004

amersall wrote: »

thanks di, i have posted this on fp complaints forum and it does seem that only the loan is secured ,could argue a case for multiple agreements with cca will wait to see outcome from ppi with fos first (admin on fp forum seems to agree he certainly knows his stuff) dont even know where that thought came from just glad i had it:eek: certainly a light bulb moment , thanks to you and pinknico, will keep you posted xx:A

Hi amersall, not a problem.....:A , I am sorry I do not know much about this but see that Incipience have now posted who you know is clever and very helpful in various issues.;)
Hope it gets sorted hun.;)

di3004

Incipience wrote: »

amersall, if you have your SAR, look for the Consent to Mortgage Form.. Just noted a clause in the Terms, and it states Further Advances, so it may be argued that the PPI was a further advance and that therefore may be covered under the total cost secured.

I will need to investigate more on this.

Interesting Incipience, when you do find anything more on this, we would be happy to know more on this matter, as its something else for us to learn on here, thanks.;)

pebbles88

Hi Folks,

well i received letter from Halifax regarding my PPI claim on a few policies, (mortgage protection, cred card and a bill protector policy) quite pleased as letter only sent on 9th feb, so its quick for them!!:rotfl:they have also included the usualcomplaints leaflet (im amazed at how many i have of these now, same wording, just lots of diff colours from diff companies!!)

only one concern, they have only put the bill protector number on , and the letter states that it is looking into that one only.....

anyone have any ideas if they will be dealt with separately??? If they do not acknowledge the other policies that I clearly included on the letter what should i do then??? I have dealt with them in the past re a mortgage protec claim so i know how utterly pathetic they can be!!:mad:

di3004

pebbles88 wrote: »

Hi Folks,

well i received letter from Halifax regarding my PPI claim on a few policies, (mortgage protection, cred card and a bill protector policy) quite pleased as letter only sent on 9th feb, so its quick for them!!:rotfl:they have also included the usualcomplaints leaflet (im amazed at how many i have of these now, same wording, just lots of diff colours from diff companies!!)

only one concern, they have only put the bill protector number on , and the letter states that it is looking into that one only.....

anyone have any ideas if they will be dealt with separately??? If they do not acknowledge the other policies that I clearly included on the letter what should i do then??? I have dealt with them in the past re a mortgage protec claim so i know how utterly pathetic they can be!!:mad:

Hi Pebbles

Hope your well.;)

Not actually heard of that before, but I had taken it if they were separate complaints they should deal with this as a separate matter......

I would ring them to make sure hun, see what they say, hope they sort it all out for you.;)

di3004

karen1998 wrote: »

Hi i have a capital one card i can only afford the minimum payments every month but i still pay the PPI on it should i cancel and claim back my money.

Hi there

If this is worthless to you yes just write to them and ask them to cancel with immediate affect.

The thing is with credit cards, say for instance your monthly amount of payments was a minimum amount of £80, that normally takes off the amount of say £35 of some of that of what is owed, the rest of it on the interest charges and PPI, yet even when cancelled the next statement may show any different in the monthly repayment (if you no longer use the card), but more will come off in what's owed, that the way mine worked.

However if you feel you were mis sold this in anyway yes claim for the PPI back, plus the interest and charges accurred.

If your succesful here, they pay back what you have paid on this card of what I mentioned above.

Check this out here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

This link is for loan ppi and credit card ppi reclaiming, check this out for any reasons, and if any of them occur to you then add that to the letter as well, there is a template letter on the link, but if you can use your own words etc, they have 8 weeks to respond.

Let us know how you get on and if we have to take this to the next step we can help you, in case another letter is required if not successful, as generally you should get the chance to write back to them until you receive the final response.

There are other ways this can be looked into if not successful, for example with the financial ombudsman service (FOS) who are a free service.

Post all letter to by recorded delivery, good luck and let us know if you need further help.;)

pebbles88

di3004 wrote: »

Hi Pebbles

Hope your well.;)

Not actually heard of that before, but I had taken it if they were separate complaints they should deal with this as a separate matter......

I would ring them to make sure hun, see what they say, hope they sort it all out for you.;)

hiya Di,

nothing surprises me with these muppets!! :mad: will call them monday, thanks

di3004

pebbles88 wrote: »

hiya Di,

nothing surprises me with these muppets!! :mad: will call them monday, thanks

Hiya hun.:D

lol well good luck and let us know what they say.;)
Cheers hunni XX

Hawkwind_2

Well it hasnt taken quite as long as I expected but had a result from Northern Rock. They have agreed to cancel the ppi and repay interest on the payments made at 8%. Although we wont see it as we are on a dmp this has reduced the whole balance from... wait for it.... £40000 down to £21,000 which is quite a result and would not have been possile without martin setting up the site and people like di3004 helping out us newbies.

Many thanks again

Hawkwind

di3004

Hawkwind wrote: »

Well it hasnt taken quite as long as I expected but had a result from Northern Rock. They have agreed to cancel the ppi and repay interest on the payments made at 8%. Although we wont see it as we are on a dmp this has reduced the whole balance from... wait for it.... £40000 down to £21,000 which is quite a result and would not have been possile without martin setting up the site and people like di3004 helping out us newbies.

Many thanks again

Hawkwind

Hi Hawkwind, this is brilliant news, "Congratulations" :T :beer: , well done! and every penny counts, WOW that is a WHOPPER of an amount that has come off the loan amount, fantastic and thanks for sharing your successful news with us.:T

amersall

Incipience wrote: »

amersall, if you have your SAR, look for the Consent to Mortgage Form.. Just noted a clause in the Terms, and it states Further Advances, so it may be argued that the PPI was a further advance and that therefore may be covered under the total cost secured.

I will need to investigate more on this.

you may well be right ,admin on fp complaints forum is asking legal about this one. on my agreement it says we will open an account in your names and debit it with the total of the the amount of cash loan and the payment protection plan premium together forming the total loan- well it was worth a try thanks for your help