PPI Reclaiming Discussion part 4

amersall

last question is there any difference when claiming ppi if it is a loan or credit card or car insurance etc

Hi there, car insurance is not mis sell,so you will not have a claim on this,if it is GAP insurance sold along a car loan,you may be able to get this back.

IANC

amersall wrote: »

Hi there, car insurance is not mis sell,so you will not have a claim on this,if it is GAP insurance sold along a car loan,you may be able to get this back.

I thought you would be able to claim back 'actual ppi' that was included with your car insurance.

Although to be honest, it is normally 'Accident and Sickness cover' which is a legitimate type of cover that people can actually claim on, and therefore no reclaims.

cappo

Cyan wrote: »

All I have to say regarding that is that I'm 27, and was younger when I first had a credit card/loan, etc. And frankly I was inexperienced and unsure of what a lot of things banks, credit card companies, etc said to me. I think the one thing that sticks in my mind is the mention of being covered for if I was sick for any reason from work and needing to have the loan/credit card covered, which I prob agreed to as I know I would stress out about that if indeed I was to be off sick for any reason. Though 12 years on from starting my first job - i've never had a day off sick.......touch wood.

In most cases cyan the lenders pushed these policies very very hard,thats why so many people have them.

viccaleva

Niggly wrote: »

You will get the monthly premiums you have paid to the cost of the ppi plus 8 % £2342.47

They will take off £1543.92 off the loan (credit the account) plus any interest at the apr on your loan. This will reduce the amount owing as if the account for ppi hadnt existed and the last 12 months will see your repayments reduce by the cost of the monthly ppi contribution

Enjoy the holiday

N

Sorry if I'm being thick, so does that mean I'll be refunded the difference between the 2 figures or the loan will be reduced by the 1st figure and I'll be refunded the 2nd figure?

This ppi lark is a bit confusing

amersall

IANC wrote: »

I thought you would be able to claim back 'actual ppi' that was included with your car insurance.

Although to be honest, it is normally 'Accident and Sickness cover' which is a legitimate type of cover that people can actually claim on, and therefore no reclaims.

You could be right,but i dont know of a car insurance,other than GAP that would have or is like ppi?.
GAP insurance is a good thing as they pay the total value of your car if it is written off in an accident and not just what the car is worth at todays value, having said that though,you may not want to pay car insurance and GAP,so maybe that is a mis sell?.

IANC

amersall wrote: »

You could be right,but i dont know of a car insurance,other than GAP that would have or is like ppi?.
GAP insurance is a good thing as they pay the total value of your car if it is written off in an accident and not just what the car is worth at todays value, having said that though,you may not want to pay car insurance and GAP,so maybe that is a mis sell?.

I have never heard of a mis sell for GAP insurance as it provides an actual benefit.

ASU or Accident and sickness cover is often added to car insurance and is relatively cheap for the level of cover it provides. I do not think you can claim for this at all as mis sell.

People often refer to PPI on car insurance, but I would be willing to bet they have ASU cover.

PPI is very expensive based on the level of benefit it provides and therefore deemed unlawful in most cases.

amersall

Thanks for that.

Dirks_Engine_Room

How do,

Hope all are well.

Just rang RBS (again) for update of when I will recieve my missold PPI as the 28 days are up.

I was told initially told "Friday" then he double checked and said "Sorry it will be a couple of more weeks yet....."

Have said this is not good enough, and asked what would happen if I went overdrawn and said "Sorry it will be a couple of more weeks yet....." I would be fined, fined and fined again, charged interest had credit destroyed and probably taken to the tower of london!

Again, he was deeply apologetic and said that they were behind and said he would get someone from PPI money to call me today. - Don't hold out too much hope.

Have a built up a dossier of lies and misinformation on RBS and will send as a separate complaint. Have e-mails that contradict each other and to be fair have had enough of them. I know it should be a period of celebration etc but it is so frustrating trying to get them to finally hand over what is rightfully mine!

Has anyone else had this same level of uselessness from RBS!

:mad: Helpful banking my ....

di3004

Sorry I've not been much help on here today folks, I will try catching up if I can later on, it maybe here and there, but I have a submission to sort out to send to the Ombudsman by this Friday.;)

In case I missed anything,

Well done to all Winners!:beer:

Niggly_2

viccaleva wrote: »

Sorry if I'm being thick, so does that mean I'll be refunded the difference between the 2 figures or the loan will be reduced by the 1st figure and I'll be refunded the 2nd figure?

This ppi lark is a bit confusing

We all have those days YOU will get the monthly premiums you have paid to the cost of the ppi plus 8 % £2342.47

:rotfl::rotfl::rotfl:

N