PPI Reclaiming Discussion part 4

Footiemad_2

di3004 wrote: »

Same as mine.
And I was also told its a complex case, probably because they have to do more digging in regards of the insurer, lets just hope all will be worthwhile in the end hey?:D;):A Xxx

Let hope they dig deep then hun and the outcome is that we win hands down. Its all so very wrong...about time they all had their knuckes wrapped.:D:A xx

bahbah

Hi everyone

I have send template letters from this site to CITIfinancial whom I had three loans with in the past 6 years for ppi mis-sell
Loan 1: £5,000
PPI : £9,40
Total : £5,940
Result : On hold due to court case

Loan 2 : £16,400
PPI : £1,500
Total : £17,900
Result : On hold due to court case

This one now is my main worry
Secured loan : £23,200
(Upfront payments)
2 years criticall illness: £112
2 years criticall illness: £195
Mortgage gurantee : £2500
Payed the loan after 10months and payed £23600
Result : £970 Cheque in the letter which says as the insurance was a pay monthly no interest was charged therefore the refund is for all premiums paid.
Phone them straight away trying to get how they came up with the fugure and was put on hold for 5 minutes and then said ooh we cant get how the figure was calculated but we have requested for the infor to be send to your address and also can't claim back the mortgage gurantee insurance....:(:mad::( I am confused

penguinSmall

I don't suppose this new ruling will have any effect on my parents case? We followed all the steps a couple of years ago and were basically told, "In 1996 there were no rules to prevent us ripping you off, so we did, tough." The loan was taken out in 1996 and paid off in 2004, they paid thousands in PPI which was no good to either of them AND the guy who sold them the loan said they wouldn't get it if they didn't take the PPI.

di3004

bahbah wrote: »

Hi everyone

I have send template letters from this site to CITIfinancial whom I had three loans with in the past 6 years for ppi mis-sell
Loan 1: £5,000
PPI : £9,40
Total : £5,940
Result : On hold due to court case

Loan 2 : £16,400
PPI : £1,500
Total : £17,900
Result : On hold due to court case

This one now is my main worry
Secured loan : £23,200
(Upfront payments)
2 years criticall illness: £112
2 years criticall illness: £195
Mortgage gurantee : £2500
Payed the loan after 10months and payed £23600
Result : £970 Cheque in the letter which says as the insurance was a pay monthly no interest was charged therefore the refund is for all premiums paid.
Phone them straight away trying to get how they came up with the fugure and was put on hold for 5 minutes and then said ooh we cant get how the figure was calculated but we have requested for the infor to be send to your address and also can't claim back the mortgage gurantee insurance....:(:mad::( I am confused

Hiya

I am unsure on the mortgage guarantee insurance, but I assumed if mis sold, you still have the right to make a reclaim.
However, I do think Dunstonh will know for definate, you could post on a separate thread about this, but stay within the ppi reclaiming threads, subject it "Mortgage Guarantee insurance reclaim", this way I am sure Dunstonh will not miss this and will give some advice on for you.

Good luck on all your reclaims, keep at them.;)

di3004

penguinSmall wrote: »

I don't suppose this new ruling will have any effect on my parents case? We followed all the steps a couple of years ago and were basically told, "In 1996 there were no rules to prevent us ripping you off, so we did, tough." The loan was taken out in 1996 and paid off in 2004, they paid thousands in PPI which was no good to either of them AND the guy who sold them the loan said they wouldn't get it if they didn't take the PPI.

Hi there
So you have tried making a reclaim and they have rejected this then I take it?

If not then I would still give it a go, even if they do not have the details going back that far, they could at least consider refunding the last 6 years perhaps, worth a go, but if you have already and been let down, give the FOS a ring and see what they suggest otherwise, good luck.
http://www.financial-ombudsman.org.uk/contact/index.html

teasey44

Can anyone give advice on following:
Took out Secured Personal Loan with above on 06.08.01 and further consolidated loan on 28.03.02 and on both occasions were not given option re PPI. Complained to Welcome in Jan 08 as per Martin Lewis and had letter back saying "I am declining complaint as you have signed the agreeement and dated acknowledging the insurances agreed by you"
I wrote to Ombudsman in Feb 2008 and was advised this occurred when Welcome was not a member of General Insurance Standards Council (GISC) and therefore not one able to consider.
Ombudsman wrote to me in March 2009 advising to resend case as may be able to reconsider.
Response on this occasion was as above but also that "on 14.01.05 as a result of change of legislation the Ombudsman became responsible for complaints against former members of GISC. Welcomes membership started in Feb 03 and as policy sold before this date complaint is not one they are able to consider"
Does ruling today mean there is any change to this?
Am in time barred due to the age of this case even though was raised with Ombudsman as recently as 2009.
Am really fed up as was most definately mis-sold but appear to be nowhere can go with this other than private case through courts.

di3004

Footiemad wrote: »

Let hope they dig deep then hun and the outcome is that we win hands down. Its all so very wrong...about time they all had their knuckes wrapped.:D:A xx

Too damn right :j! They have already got away with the charges side of it!

Oh and please don't get too dizzy :eek::D:rotfl::rotfl::rotfl:, i do know that feeling :rotfl::rotfl: Xxxx

di3004

teasey44 wrote: »

Can anyone give advice on following:
Took out Secured Personal Loan with above on 06.08.01 and further consolidated loan on 28.03.02 and on both occasions were not given option re PPI. Complained to Welcome in Jan 08 as per Martin Lewis and had letter back saying "I am declining complaint as you have signed the agreeement and dated acknowledging the insurances agreed by you"
I wrote to Ombudsman in Feb 2008 and was advised this occurred when Welcome was not a member of General Insurance Standards Council (GISC) and therefore not one able to consider.
Ombudsman wrote to me in March 2009 advising to resend case as may be able to reconsider.
Response on this occasion was as above but also that "on 14.01.05 as a result of change of legislation the Ombudsman became responsible for complaints against former members of GISC. Welcomes membership started in Feb 03 and as policy sold before this date complaint is not one they are able to consider"
Does ruling today mean there is any change to this?
Am in time barred due to the age of this case even though was raised with Ombudsman as recently as 2009.
Am really fed up as was most definately mis-sold but appear to be nowhere can go with this other than private case through courts.

Hi there

It seems like you have been given the runaround on this, so sorry to hear this.
Even though we got through the first victory today, the banks may go for an appeal and have 21 days to decide on this.
So basically today's ruling is a matter of past sales of mis selling.

Maybe it would be a good idea to raise this issue up with the FOS, they should be able to confirm, good luck on this.
http://www.financial-ombudsman.org.uk/contact/index.html

bahbah

Thanks Dizzy Di will post it cheers

amersall

teasey44 wrote: »

Can anyone give advice on following:
Took out Secured Personal Loan with above on 06.08.01 and further consolidated loan on 28.03.02 and on both occasions were not given option re PPI. Complained to Welcome in Jan 08 as per Martin Lewis and had letter back saying "I am declining complaint as you have signed the agreeement and dated acknowledging the insurances agreed by you"
I wrote to Ombudsman in Feb 2008 and was advised this occurred when Welcome was not a member of General Insurance Standards Council (GISC) and therefore not one able to consider.
Ombudsman wrote to me in March 2009 advising to resend case as may be able to reconsider.
Response on this occasion was as above but also that "on 14.01.05 as a result of change of legislation the Ombudsman became responsible for complaints against former members of GISC. Welcomes membership started in Feb 03 and as policy sold before this date complaint is not one they are able to consider"
Does ruling today mean there is any change to this?
Am in time barred due to the age of this case even though was raised with Ombudsman as recently as 2009.
Am really fed up as was most definately mis-sold but appear to be nowhere can go with this other than private case through courts.

Hi there, you may have to chase the insurer with this. You need to find out who the insurer was and send them a mis sell complaint (the insurer may have been covered by FOS, so ring them and ask) when you get the reply , this may be a "get lost" then you will be able to get FOS to take a look at this.