PPI Reclaiming Discussion part 4

amersall

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 see

This i do not understand????? these are reasons for being mis sold ppi..what is going on?.
When he was made unemployed and they gave him the second loan,did he try to claim on the ppi?,if so what happened with this?.

citibird27

cappo wrote: »

Hi citibird, hope you have better luck with your sar than mine, i refused to sign the request as it is not a requirement under the dpa 1998 act,the bank has asked for more id or a signature that i won't give them (for obvious reasons) i've finally agreed to pick up my sar from our local branch of the bank as the only id i've got now are a birth certificate,i wonder if my credit card statements are in there i've got cards going back to 1992 over 12 years when i was self employed no wonder they don't want to give me details lol.

Thank, Cappo...I am sorry you are being given the runaround...I supect that I am going to run into trouble too....I have 2 cards which originated somewhere around 1997...and a loan which I took out before that. Obviously I am keen to persue these...but suspect that thebank may well not "locate" the original paperwork....will keep you posted!:):)

citibird27

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

How fab is that?!?!:beer:

Well done to him!!!!

cappo

di3004 wrote: »

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

Hi Di, i keep trying too cadge a fiver off him but he's saying he's not got any money lol.

cappo

citibird27 wrote: »

Thank, Cappo...I am sorry you are being given the runaround...I supect that I am going to run into trouble too....I have 2 cards which originated somewhere around 1997...and a loan which I took out before that. Obviously I am keen to persue these...but suspect that thebank may well not "locate" the original paperwork....will keep you posted!:):)

I think the problem is citibird the banks are finding that more people are complaining than they thought would, a lot of people like you Di and i are also going back a long way with the complaints and i'm sure numbers are increasing, all you can do my woman is keep chasing them and threatening them, we'll get there in the end, i think i'm owed upward with interest of 3-4k your not going to walk away from that are you,good luck with yours.:D (p.s as for the bank not finding the original paperwork if they can't the ico might help the bank find it.)

di3004

cappo wrote: »

Hi Di, i keep trying too cadge a fiver off him but he's saying he's not got any money lol.

LOL........typical that LOL :rotfl::D

trish22_2

Hi all,could you help me here please,have a PPI claim in with Lloyds TSB,Have £14800 Balance on there ,been paying minimum amount for quite a few years so it never seems to go down,have had it sin ce 01/01/2002,in 2005 i had a £7500 balance on it then,but it as just got larger,due to being self employed and business not good,i am in my 13th week now still waiting for some sort of outcome,but my question is would i be entitles to PPI payment back,contractual interest and simple interest,i did cancel the PPI about 18 months ago,the lady on the other end had the cheek to say,what about if you were ill,well yes i have a pre existing health condition i have had for many many years,and i was self employed when taking it out,lloyds knew this as my business account is with them and still is.
If i do get it upheld,which i think is very likely,am i likely to get around £3000,as i would like to pay my overdraft off.
Not in any arrears with my c.card,just only able to pay minimum payment and lots of my statements show as much as £97 pr month ppi.
Also my daughter as just found out that Virgin automatically put it on her new credit card in 2006,it was attached to a "its playtime"
pamphlet,just like a voting sheet you get through when theres an election,in one large section it has SOFTER LANDINGS (PAYMENT PROTECTION COVER,ITS SAYS "You already have payment protection cover on you account,Smart move.---this came with the card stuck to the front of it,my daughter at no time asked for this,she said when she activated the account.the guy never asked her whether she had any pre-existing illnesses or whether she needed protection cover,has she already had BUPA And worked for a governing body,she was paid quite handsomely and did not need it.
She has only just realised it was sitting on her statements.
My question has anyone else had this problem with Virgin ,which is MBNA
thanks very much for your help,if you are able to help.
:A

IANC

trish22 wrote: »

Hi all,could you help me here please,have a PPI claim in with Lloyds TSB,Have £14800 Balance on there ,been paying minimum amount for quite a few years so it never seems to go down,have had it sin ce 01/01/2002,in 2005 i had a £7500 balance on it then,but it as just got larger,due to being self employed and business not good,i am in my 13th week now still waiting for some sort of outcome,but my question is would i be entitles to PPI payment back,contractual interest and simple interest,i did cancel the PPI about 18 months ago,the lady on the other end had the cheek to say,what about if you were ill,well yes i have a pre existing health condition i have had for many many years,and i was self employed when taking it out,lloyds knew this as my business account is with them and still is.
If i do get it upheld,which i think is very likely,am i likely to get around £3000,as i would like to pay my overdraft off.
Not in any arrears with my c.card,just only able to pay minimum payment and lots of my statements show as much as £97 pr month ppi.
Also my daughter as just found out that Virgin automatically put it on her new credit card in 2006,it was attached to a "its playtime"
pamphlet,just like a voting sheet you get through when theres an election,in one large section it has SOFTER LANDINGS (PAYMENT PROTECTION COVER,ITS SAYS "You already have payment protection cover on you account,Smart move.---this came with the card stuck to the front of it,my daughter at no time asked for this,she said when she activated the account.the guy never asked her whether she had any pre-existing illnesses or whether she needed protection cover,has she already had BUPA And worked for a governing body,she was paid quite handsomely and did not need it.
She has only just realised it was sitting on her statements.
My question has anyone else had this problem with Virgin ,which is MBNA
thanks very much for your help,if you are able to help.
:A

I think you will find that if it is upheld, you will get a LOT more than £3,000 back

The premiums sound like they will be a fair bit more than that alone.

If they pay contractual interest, which they should in my opinion, the interest could be a larger figure than the ppi payments.

IANC

I keep wondering whether any of these large institutions will go bust on the back on the PPI reclaims.

A lot will have had massively reduced profits over the last 5 years, they will no doubt have blown what they received in daft CEO bonuses and now on the back of the worst recession in centuries, they are paying out Billions.

I just hope if they do before they repay all the PPI, the FSCS continue where they left of (but this will mean a loss for claimants due to FSCS limits)

I read recently that the FSA have increased the upper ceiling for PPI redress per institution from £100k to £150k, so I'm hoping this was done in anticipation of my HBOS claim :rotfl:

citibird27

IANC wrote: »

I think you will find that if it is upheld, you will get a LOT more than £3,000 back

The premiums sound like they will be a fair bit more than that alone.

If they pay contractual interest, which they should in my opinion, the interest could be a larger figure than the ppi payments.

Hi there...Thank you...you do offer a lot of sound advice!
Would you mind answering a really dim question for me?:o

What exactly is contractual interest?

I haven't heard of it before, other than in this forum...

Thanks...and sorry for having what is clearly a blond moment!:):)x