PPI Reclaiming Discussion part 4

amersall

Bexim wrote: »

Hi all, I am just starting on the long road of seeing if we can reclaim anything from the PPI on my partner's loan, what I am confused about is whether cancelling the PPI would affect chances of getting anything back for mis-selling (I reckon it was, waiting for the T&Cs to try and get a clearer picture). We want to move soon, and canceling it would appear to be a quicker way of getting his payments down for now, but obviously reclaiming it would get more money back - or do some banks (we're talking Lloyds...) give back everything if you cancel it anyway?

Tbh, I am incredibly confused and would be grateful for any help available, I've read the guide three or four times now, but am totally lost!

Do not cancel the ppi as your monthly payment may not go down, this depends on who this is with though as some may get the ppi monthly amount taken off, give them a ring.

If you cancel, if you win then you will get the ppi you have paid to date back with the interest on those.

amersall

Hades112 wrote: »

Well more envelopes in the post today and another offer from Santander for £1372. Thats a total of £2869 and all the result of one 10 minute phone call. And Santander still have 2 more investigations on the go with GE loans and cards.

:beer: Well done:j good luck with the others :beer:

amersall

Hmm wrote: »

Sorry if this has been covered I have tried to read through as many of the posts as I can. I have several accounts that were settled and I now have no paperwork. Can I request a copy of the terms and conditions without the loan or credit card account numbers? If I can then what sort of information do I need to send with my £1 cheque in order for the company to be able to find my old account details? Thank you. Have spent all day reading up on this so far....and I think I have a long way to go, but would have an even longer way without this site...:D

Hi there, how long ago were these loans?, you could go to the banks and ask if they have any details on these, some banks are very helpful
with this.

Failing that you send a letter requesting a copy of the original agreements and enclose £1 for each.

JellyBox

cappo wrote: »

Hi bexim all you can do as Di says is try, i'm putting all my policies in, undoutbtabley some of them will be sold correctly but i bet more of them arn't,All you can do is put them in and see.

So are you just filling in the questionnaires and things and hoping for the best? Do you not need to have some idea of why you might have been missold the PPI? (This sounds really sarky and offensive, it's not meant to, it's a genuine question)

The more I read, the more confused I make myself, I'm sure there's something really simple I must be missing, I'm just worried he'll be stuck with these stupid repayments which are too high compounded by the PPI which he doesn't even want anymore, and probably never really wanted in the first place.

Additionally - amersall, you say the monthly payment might not go down, even with PPI cancelled - how can that be? It's with Lloyds though, if that helps at all.

cappo

Bexim wrote: »

So are you just filling in the questionnaires and things and hoping for the best? Do you not need to have some idea of why you might have been missold the PPI? (This sounds really sarky and offensive, it's not meant to, it's a genuine question)

The more I read, the more confused I make myself, I'm sure there's something really simple I must be missing, I'm just worried he'll be stuck with these stupid repayments which are too high compounded by the PPI which he doesn't even want anymore, and probably never really wanted in the first place.

Additionally - amersall, you say the monthly payment might not go down, even with PPI cancelled - how can that be? It's with Lloyds though, if that helps at all.

I have reasons for being missold,sorry it,s the way i put things, i,ve had reasons on all of them, some of the reasons are very strong some i thought were quite strong but proved not to be so,i,m sorry i don,t want to appear to condone a irresponsible attitude, there does have to be a reason why you think you've been missold a policy,for example being self employed or soon to be self employed when you took out the policy,medical issues,being told ppi was compulsory there's so many, have you read the full misselling reasons on here and no i don't think your being :)sarky or offensive we're all happy to help if we can.

JellyBox

cappo wrote: »

I have reasons for being missold,sorry it,s the way i put things, i,ve had reasons on all of them, some of the reasons are very strong some i thought were quite strong but proved not be so,i,m sorry i don,t want to appear to condone a irresponsible attitude, there does have to be a reason why you think you've been missold a policy,for example being self employed or soon to be self employed when you took out the policy,medical issues,being told ppi was compulsory there's so many, have you read the full misselling reasons on here and no i don't think your being :)sarky or offensive we're all happy to help if we can.

I've read all the reasons, waiting to see if he can find his T&Cs or if we're going to have to send off for them to see if any apply. He's diabetic though, and was about to leave employment in order to be a full time student again and he felt pressured into taking it and, from what I know, didn't have the option of no PPI actually explained to him. I think I'm just waiting for the T&Cs now to see where we stand?

Sorry to be so muddled and babbly on all this, I'm trying to take it all on as fast as I can, but there's so much information it's hard to know what actually fits our situation.

cappo

Bexim wrote: »

I've read all the reasons, waiting to see if he can find his T&Cs or if we're going to have to send off for them to see if any apply. He's diabetic though, and was about to leave employment in order to be a full time student again and he felt pressured into taking it and, from what I know, didn't have the option of no PPI actually explained to him. I think I'm just waiting for the T&Cs now to see where we stand?

Sorry to be so muddled and babbly on all this, I'm trying to take it all on as fast as I can, but there's so much information it's hard to know what actually fits our situation.

Well there's one good reason for a claim bexim if your hubby felt pressured into accepting the ppi that was clearly wrong for the bank to pressure him or making him feel pressured into accepting the same. With the no ppi option not being clearly explained he should have been told if it was an advised sale that the ppi was optional if the optionality of the policy was not discussed your likely to have a strong case.Those reasons alone are very good stand up reasons for being missold, there could be a single reason for a missale or a dozen.Did your hubby tell the bank he was about to leave employment to become a student,how long was it after purchasing the ppi he became a student?

cappo

Bexim wrote: »

I've read all the reasons, waiting to see if he can find his T&Cs or if we're going to have to send off for them to see if any apply. He's diabetic though, and was about to leave employment in order to be a full time student again and he felt pressured into taking it and, from what I know, didn't have the option of no PPI actually explained to him. I think I'm just waiting for the T&Cs now to see where we stand?

Sorry to be so muddled and babbly on all this, I'm trying to take it all on as fast as I can, but there's so much information it's hard to know what actually fits our situation.

Another thing bexim you'll soon get to the bottom of it Don't worry we'll all help you as much as possible on here,it'll get sorted out.

andynwide

Hi
Am wishing to chase up MBNA about a PPI reclaim form I sent them, has anyone the elusive tel number of a department dealing with PPI, or are we just going to have to wait for a letter from then?

Thanks

boycey01

Hi all,


Well the email I sent to the CEO of Lloyds last night must of done some good. Had a phone call off Halifax that I missed because of being at work again!! I will have to ring them back tomorrow when I finish work as not finishing til late today. But also received an email from Black Horse, which I have never had in the past, they usually just send letters. Anyway the email reads "I can confirm that an offer letter has been issued in respect of your PPI complaints and should be received by you shortly. If you have not received by the end of the week, please contact me on the number below".
I take it this means good news??