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PPI Reclaiming Discussion part 4
Comments
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thanks for all your help amersall and di your both stars for offering your advice on all our problems
right so im now looking into my girlfriends loans and ppi she has had several over the years saddly she fell behind on her payments due to some very bad luck and the loans were taken over by a debt management company and she had to pay back only a certain amount each week/month to them now my question is would it still be possible to claim back mis-sold ppi insurance on these loans even though it was move to a debt management company? she still have all her old paper work for these loans so that not a problemhope you can help and thanks again for all your hard work
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h0pusp0pus wrote: »thanks for all your help amersall and di your both stars for offering your advice on all our problems
right so im now looking into my girlfriends loans and ppi she has had several over the years saddly she fell behind on her payments due to some very bad luck and the loans were taken over by a debt management company and she had to pay back only a certain amount each week/month to them now my question is would it still be possible to claim back mis-sold ppi insurance on these loans even though it was move to a debt management company? she still have all her old paper work for these loans so that not a problemhope you can help and thanks again for all your hard work
Your most welcome.:A
Yes this can still be reclaimed, and the way I also look at it, the ppi is still added to the loans, and its worthless to her now too, so when making the reclaim, and if successful, what may happen is they will possibly use the amount to reduce the debt/arrears and anything remaining plus interest should be forwarded directly to her by cheque.
(when on DMP), the ppi is still added onto the loan, but as stated its worthless because now she is not going to be able to make a successful claim on this for eg, sickness/unemployment, so this can actually get cancelled anytime as well because normally we suggest not to cancel until resolved but it makes no difference whilst under a DMP). So basically the debt should be reduced when the ppi is removed.
I went into difficulties some short years ago and the one loan fell behind, they awarded the amount towards the debt and then from what I can recall I received the interest by cheque payment.
You still pursue the ones who sold her the loan/ppi.;)The one and only "Dizzy Di"0 -
h0pusp0pus wrote: »thanks for all your help amersall and di your both stars for offering your advice on all our problems
right so im now looking into my girlfriends loans and ppi she has had several over the years saddly she fell behind on her payments due to some very bad luck and the loans were taken over by a debt management company and she had to pay back only a certain amount each week/month to them now my question is would it still be possible to claim back mis-sold ppi insurance on these loans even though it was move to a debt management company? she still have all her old paper work for these loans so that not a problemhope you can help and thanks again for all your hard work
and you are very welcome
If there are reasons for mis sell then put a claim in, just to let you know though, any "win" will go to the DMP, but that is good because it will means she will owe less :j0 -
Your most welcome.:A
Yes this can still be reclaimed, and the way I also look at it, the ppi is still added to the loans, and its worthless to her now too, so when making the reclaim, and if successful, what may happen is they will possibly use the amount to reduce the debt/arrears and anything remaining plus interest should be forwarded directly to her by cheque.
(when on DMP), the ppi is still added onto the loan, but as stated its worthless because now she is not going to be able to make a successful claim on this for eg, sickness/unemployment, so this can actually get cancelled anytime as well because normally we suggest not to cancel until resolved but it makes no difference whilst under a DMP). So basically the debt should be reduced when the ppi is removed.
I went into difficulties some short years ago and the one loan fell behind, they awarded the amount towards the debt and then from what I can recall I received the interest by cheque payment.
You still pursue the ones who sold her the loan/ppi.;)
thanks again for both your quick repliesshe finished paying the debt a few years ago so theres nothing outstanding now on them
so hopefully if we put a claim it should all go to her
thanks again guys will get the form filled out tonight
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h0pusp0pus wrote: »thanks again for both your quick replies
she finished paying the debt a few years ago so theres nothing outstanding now on them
so hopefully if we put a claim it should all go to her
thanks again guys will get the form filled out tonight
A busy evening then?:D Not a problem and good luck.
May I ask what bank and when (year) these were taken out?
Cheers xThe one and only "Dizzy Di"0 -
hi again di there were three all together im just looking at her paper work now she had a crdeit card with lloyds for £1500 and a loan with them also for £5000 which were taken out in the early 2000's,they were taken over by bls collections debt management, cant see a end date for them but they have def been paid up with no outstanding monies owed, the other one is index extra but thats only a small one at £700 pounds which was handled by moorcroft debt recovery limited also taken out in the early 2000's0
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h0pusp0pus wrote: »hi again di there were three all together im just looking at her paper work now she had a crdeit card with lloyds for £1500 and a loan with them also for £5000 which were taken out in the early 2000's,they were taken over by bls collections debt management, cant see a end date for them but they have def been paid up with no outstanding monies owed, the other one is index extra but thats only a small one at £700 pounds which was handled by moorcroft debt recovery limited also taken out in the early 2000's
Not a problem then, my recent one as you know were upheld by Lloyds, and they go back to about that time, do there shouldn't be a problem.
Also check on Lloyds Website, the procedures of making a reclaim, direct on their website, address and so on, good luck.
http://www.lloydstsb.com/payment_protection_insurance_complaints.aspThe one and only "Dizzy Di"0 -
I've had a response from Capital One this morning saying they're looking into my case, after I completed and sent off the questionnaire. Will keep you postedSPCNo.18 #20 (17 £562.86 16 £678; 15 £1120.92; 14 £416.53; 13 £191.52; 12 £260.48; 11 £480.95; 10 £682.31; 9 £442.64)
1p Challenge 2025 #630 -
Not a problem then, my recent one as you know were upheld by Lloyds, and they go back to about that time, do there shouldn't be a problem.
Also check on Lloyds Website, the procedures of making a reclaim, direct on their website, address and so on, good luck.
http://www.lloydstsb.com/payment_protection_insurance_complaints.asp0 -
MrsShazbat wrote: »I've had a response from Capital One this morning saying they're looking into my case, after I completed and sent off the questionnaire. Will keep you posted
Brilliant, good luck with that then, and we look forward to hearing your updates, fingers crossed.;)The one and only "Dizzy Di"0
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