PPI Reclaiming Discussion part 4

Going-Under_2

Hi,

I would be interested to hear if anyone has used a CMC?
Stupidly, I did starting about a year ago, but had heard nothing from them for months; they ignored my last email. Heard from them now that I've had an offer though (£3900).

Their last email said "this matter now rests with the Ombudsman" but when I rang the FoS (very helpful) they searched under my name and postcode & nothing had been received. They advised that I ask the CMC to prove, via a case number allocated, that the case had been filed. I'm thinking if not then that's breach of contract?
I hope this info. could help someone else too.

I've seen a suggestion that it's a possibility to claim compensation because the whole PPI thing has nearly cleaned some of us out; is anyone thinking of pursuing that? It's nearly destroyed me, robbing Peter to pay Paul.

I hope this is the right thread.

cousin_david

Please if anyone can help or advise we will be most grateful. My cousin was mis-sold 2 PPI's, one for his first loan and another for the second loan as he was in a very poor financial situation. He originally had a loan for £2000.00 and his first PPI. He lost his part time job, couldn't keep up the repayments so was then given a second loan for £800 (and a PPI costing £2500). My family became involved and on his behalf got in touch with Lloyds on the very last day before the cut off date of 6 years. They paid for a copy of all statements but even through the FSA have only received details on the second loan so to this day they still do not have all statements. Lloyds wanted to give him a very small amount of compensation (not even covering the PPI's) which he refused and thus he was put on hold. Now they have received a letter from the FSA stating that they don't think he has a case because he was both unemployed and only in part time employment whilst he had the loans. EXACTLY. Isn't this one of the reasons why he was mis-sold? They seem to be on the side of LLoyds. Where does he go from here? My family is thinking that his best option is to say that he will not repay anymore of the debt - now up to £12000 (but put on hold) and that they can take him to court if they want but really he should be repaid the PPI's and given compensation. He has lost absolutely everything, he sold everything he owned, he is now on benefit but working part time again to try to turn his life around which has given him the courage to ask his family for help.

cappo

Going-Under wrote: »

Hi,

I would be interested to hear if anyone has used a CMC?
Stupidly, I did starting about a year ago, but had heard nothing from them for months; they ignored my last email. Heard from them now that I've had an offer though (£3900).

Their last email said "this matter now rests with the Ombudsman" but when I rang the FoS (very helpful) they searched under my name and postcode & nothing had been received. They advised that I ask the CMC to prove, via a case number allocated, that the case had been filed. I'm thinking if not then that's breach of contract?
I hope this info. could help someone else too.

I've seen a suggestion that it's a possibility to claim compensation because the whole PPI thing has nearly cleaned some of us out; is anyone thinking of pursuing that? It's nearly destroyed me, robbing Peter to pay Paul.

I hope this is the right thread.

There are a lot of these cmc's out there that at the first sign of trouble they bail out and send it to the ombudsman, so in effect there charging you to do something that you could easily do yourself anyway,saying that if you've signed the contract you will probably have to pay the cmc there slow they generally don't tell you whats going on, if you are going to use one (there are good cmc's out there) make sure that if the claim gets rejected the claim gets handed back to you with no charge, to fos yourself,as the fos is a free service anyway,you could check on your cmc to see if they hold a licence as if they don't they should'nt be trading anyway. good luck

wchild

Niggly wrote: »

Thats a good point, a word with the tax office might help try and spread the liability especially if you werent higher rate for all the years. Got any accountant buddies or advisors, spose you could offset by doing some pension planning.

N

That's my situation, for about 7 of those years I wasn't hitting the HEL tax rate, so I hope so.

I've got a friend who went through becoming a certified accountant so hopefully she can help me.

I am also going to possibly I guess ask Lloyds for a more detailed breakdown of how it's calculated so I can work out what I 'earned' in interest each year and try and get taxed on that year - this shouldn't be taxed as if I've had a 10 year savings bond! Or so I hope!

amersall

cappo wrote: »

Hi ho lorraine, oh yes. i did try to get a "help" commission out of him but he doesnt want to pay lol

:mad:Thats not on :p:p:p:p
Take it to FOS:rotfl::rotfl::A

cappo

amersall wrote: »

:mad:Thats not on :p:p:p:p
Take it to FOS:rotfl::rotfl::A

Ha ha the wait would be too long,although you could argue i'd had a rejection lol.

di3004

lisajaynec wrote: »

Thanks guys I have had my first success today a week after posting my 8 claims !:money:
I have received one rejection so far from Santander-Wallis card which I have posted on to FLA
one letter to say that I need to put in a claim with the two seller for my endownments, so have resubmitted one to Yorkshire Bank, other financial advisor has fallen off the face of the earth and because it was 1990 im not covered by onbudsman!
Another letter yesrerday from HSBC to say they have 16 weeks to deal with my claim and its now logged
But this morning received a letter from Santander who have agreed to repay my premium £425.16, interest £155.29 loss of cash payment £40.70:j :beer:
Thanks so much everyone for your support, i will keep you posted on my progress and anyone that thinks its too much trouble, think again 3 hours it took me and £10 in registered post but already over £600 better off.
Lisa:rotfl:

Congratulations Lisa :T Great work all round!:beer:

amersall

cousin_david wrote: »

Please if anyone can help or advise we will be most grateful. My cousin was mis-sold 2 PPI's, one for his first loan and another for the second loan as he was in a very poor financial situation. He originally had a loan for £2000.00 and his first PPI. He lost his part time job, couldn't keep up the repayments so was then given a second loan for £800 (and a PPI costing £2500). My family became involved and on his behalf got in touch with Lloyds on the very last day before the cut off date of 6 years. They paid for a copy of all statements but even through the FSA have only received details on the second loan so to this day they still do not have all statements. Lloyds wanted to give him a very small amount of compensation (not even covering the PPI's) which he refused and thus he was put on hold. Now they have received a letter from the FSA stating that they don't think he has a case because he was both unemployed and only in part time employment whilst he had the loans. EXACTLY. Isn't this one of the reasons why he was mis-sold? They seem to be on the side of LLoyds. Where does he go from here? My family is thinking that his best option is to say that he will not repay anymore of the debt - now up to £12000 (but put on hold) and that they can take him to court if they want but really he should be repaid the PPI's and given compensation. He has lost absolutely everything, he sold everything he owned, he is now on benefit but working part time again to try to turn his life around which has given him the courage to ask his family for help.

When were these loans taken out and are you sure it is the FSA who have said he was not mis sold and not the FOS?.

di3004

cappo wrote: »

Hi guys, good news for a pal of mine,phoned this morning to say an mbna claim been upheld, £4003.00 heading to him within 6 weeks

That is so fab Cappo :T:j, so happy for you're mate, Congratulations to him!:beer:

amersall

cappo wrote: »

Ha ha the wait would be too long,although you could argue i'd had a rejection lol.

:D:cool: