PPI Reclaiming Discussion part 4

IANC

One for Niggly.

Loan amount £21,000

Term 24 years

Premium £128.91 per month.

Monthly PPI premium £12.90

Total interest per month £66 on average.

I do not have the lump sum cost of the PPI, but can it be worked back from the above?

The loan was taken out Nov 2005.

What would you expect the calculation to be?

Refund of premiums to date with the interest charged plus 8% simple and then the loan restructured to day one but without PPI and therefore a lower monthly premium.

The balance oustanding on the loan is circa £17,800. I take it that a redemption figure would be lower as it would have the future PPI refunded?

Thanks in advance N :money:

muston333

Hi All

I have noticed i have been paying around £18 a month on my credit card for PPI ever since i have had the card which must be 5 years around,

I never remember taking this out as im sure knowing me i would have been unwilling to pay that amount a month for something i would think i never use

Do i have a case to claim my money back and what is the best first course of action...calling my bank and talking to them?

Thanks for any help

The_Marksman

cappo wrote: »

very very dangerous ha ha, no lorraine,di and citibird to keep track of us.

time to party!!!!!!!!!!!!!!!!!!!!!!!!!!!! :rotfl::rotfl::rotfl::rotfl::rotfl::j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer:

The_Marksman

muston333 wrote: »

Hi All

I have noticed i have been paying around £18 a month on my credit card for PPI ever since i have had the card which must be 5 years around,

I never remember taking this out as im sure knowing me i would have been unwilling to pay that amount a month for something i would think i never use

Do i have a case to claim my money back and what is the best first course of action...calling my bank and talking to them?

Thanks for any help

to get you started, Look here for info and reasons for being miss-sold your ppi

http://www.moneysavingexpert.com/rec...nsurance#step2

Once you have had a read though and have your reasons. You will need to fill in a consumer complaints questionnaire. Which I would download, have a read though and familiarise yourself with the questionnaire and its layout. The questionnaire can be found here

http://www.moneysavingexpert.com/rec...nsurance#step3

the main info you will need to complete the questionnaire is:

• Loan account number/numbers
• start date
• finish date
• and your reasons

then complete the form and send it off. If you ring bank or CC company they may have a ppi complaint line and can start your complaint for you over the phone but id get as much info ready before phoning them.

simples, hope that may help, good luck

moneyangel22

di3004 wrote: »

Hiya

If you have so many accounts with Lloyds TSB they will send all data on all accounts held with them with a one off payment of £10 cheque or postal order, if you do have any of the account numbers of the loans, credit cards and so on, enclose them as well, although they should still send all info by 40 days.

Lloyds have a direct dept for Data requests as below.;)

LLOYDS TSB BANK PLC
DSAR TEAM
CUSTOMER SERVICES
RECOVERY TEAM
CHARLTON PLACE C57
ANDOVER
HAMPSHIRE
SP10 1RE

Thanks Di!

Is this one ok to use for credit cards too? only the lady in the bank told me to write to card services in Edinburgh?

Many thanks for all your help! x

amersall

kima09 wrote: »

Hi all,

Well I eventually received a reply from HSBC re my request and they have sent a blank Midland Bank agreement form with just my name and address on it & nothing else!!
This is what they said in their covering letter:

Section 78 (I) of the Consumer Credit Act 1974 requires us to provide " ... a copy of the
executed agreement (if any) ... ". Regulation 3 (2) of the Consumer Credit (Cancellation
Notices and Copies of Documents) Regulations 1983 allows that certain items may be
omitted from such copies, including the signature box and signature.

Therefore, the copy of the executed agreement we must supply is a copy but need not be
a photocopy of the signed agreement. Regulation 7 of those regulations also requires us
to provide a copy of the executed agreement, as varied, where there is a power to vary the
terms of the agreement, which there is with this card agreement and that power has been
exercised to vary the agreement, which again is the case with this card agreement.

We therefore enclose an up to date copy of the terms and conditions applicable to your
account and a reconstituted agreement form compliant with Regulation 3 of the
Consumer Credit (Cancellation Notices and Copied of Documents) Regulations 1983.
Therefore in accordance with this legislation the up to date terms and conditions are the
appropriate information to produce.

So, er - what do I do now???:eek: I don't recognize the writing on the form, & as I said there's nothing filled in except my name....there's a box suggesting the ppi with a tick-box, but obviously I don't know if I ticked it or not!! I honestly thought it was a pre-agreed form that I'd received, so I reckon I'm stuffed now, even though I was told by them that I had to keep the ppi to keep the card....:(:(:(
Oh well, it was worth a try I suppose.....thanks so much everyone for all your advice.

Hi there,the card number is the account number,put a claim in for mis sell,dont hang about.

amersall

cappo wrote: »

very very dangerous ha ha, no lorraine,di and citibird to keep track of us.

:eek::eek::eek::eek: what was that you were saying? :p:p:p:p
Am keeping a watchful eye on you two
Lorraine

amersall

The_Marksman wrote: »

time to party!!!!!!!!!!!!!!!!!!!!!!!!!!!! :rotfl::rotfl::rotfl::rotfl::rotfl::j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer::beer:

I am back :p:p like arnie :rotfl::rotfl:watch your ps and qs

The_Marksman

amersall wrote: »

I am back :p:p like arnie :rotfl::rotfl:watch your ps and qs

Dam party over! :o

:rotfl::rotfl:

amersall

muston333 wrote: »

Hi All

I have noticed i have been paying around £18 a month on my credit card for PPI ever since i have had the card which must be 5 years around,

I never remember taking this out as im sure knowing me i would have been unwilling to pay that amount a month for something i would think i never use

Do i have a case to claim my money back and what is the best first course of action...calling my bank and talking to them?

Thanks for any help

Hi there,look here for reasons for mis sell
http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance#step2

If any/all apply to you,then put a claim in,all you need is the cc number, you could telephone the cc company and they may take a claim over the phone,if they dont,then on the link i gave you will also find the template letter.