PPI Reclaiming Discussion part 4

chelsea15

hi there i am new to this forum i have just finished a loan from northern rock with ppi i finished this 6 months before the end of the contract i also still have another that ends in november yes with ppi also ...i tried to cancel the ppi about 18 months ago and they said they would have to recalculate this on a different interest rate that would mean without theppi the payment would not be any less,as anyone else succeded in the misseling of ppi with this company ,i really dont know what to do

di3004

Trolley_Dolley wrote: »

Thanks Di, I did notice you had mentioned you had been successful with your Lloyds credit card, WELL DONE! :beer: .
Im going to apply for that first cause im having problems at the mo with getting copies of the 13 loans. Ive got 6 but still awaiting the others and they are dragging their heals sending a copy of the current loan agreement which my boyfriend took out on 02Feb this year.
He`s been into the branch and for some reason they fob him off and say they dont have a copy yet its amazing how they produced the loan there and then for him to sign within 5mins when they advised him to take out the top up loan to pay off his Lloyds credit card!!
I think im going to have a bit of a battle with Lloyds from the looks of things.
Is it by doing the SAR letter that I can request copies of the loans?

Hi hun and thanks.:beer: .

If you've not done so already you can write to request a copy of the agreement, it should not be a problem in retrieving these in for the last 6 years, you have to enclose a £1 postal order or cheque payment, and they should should be with you by 12 days of request.

Regarding the SAR request you will find the template letter for this on the thread, this is the one you use to receive all the info they have on the account(s) going back as far as 6 years, they have 40 days to comply to this request, but there is a higher cost of £10 cheque or postal order payment.

The details of this SAR are within the SAR thread, good luck and if you get any problem you can always contact the ICO (information commissioners office) who will be able to give you some info on this matter:
https://www.ico.gov.uk/Global/contact_us.aspx

Good luck hun and give us a shout anytime.;)

di3004

chelsea15 wrote: »

hi there i am new to this forum i have just finished a loan from northern rock with ppi i finished this 6 months before the end of the contract i also still have another that ends in november yes with ppi also ...i tried to cancel the ppi about 18 months ago and they said they would have to recalculate this on a different interest rate that would mean without theppi the payment would not be any less,as anyone else succeded in the misseling of ppi with this company ,i really dont know what to do

Hi Chelsea and welcome.;)

I believe there has been some success with these, you can check this out on the success thread next to this one.

If you need any help with this, let us know.;)

girlatplay

chelsea15 wrote: »

hi there i am new to this forum i have just finished a loan from northern rock with ppi i finished this 6 months before the end of the contract i also still have another that ends in november yes with ppi also ...i tried to cancel the ppi about 18 months ago and they said they would have to recalculate this on a different interest rate that would mean without theppi the payment would not be any less,as anyone else succeded in the misseling of ppi with this company ,i really dont know what to do

Hi and welcome!

Does anyone know if they can actually do that? Surely if you are cancelling the PPI they can't recalculate your existing loan at a different interest rate. You have signed an agreement for the loan at a particular interest rate. I would check through all your paperwork (hopefully you still have it) and if it says they can do that then I don't suppose there is much you can do but if it doesn't even mention it then I would fight it all the way.

xx

di3004

girlatplay wrote: »

Hi and welcome!

Does anyone know if they can actually do that? Surely if you are cancelling the PPI they can't recalculate your existing loan at a different interest rate. You have signed an agreement for the loan at a particular interest rate. I would check through all your paperwork (hopefully you still have it) and if it says they can do that then I don't suppose there is much you can do but if it doesn't even mention it then I would fight it all the way.

xx

Hi hun
Good one and great post.

(I'm slow at getting my thinking cap on today) lol......:o , your right what you said though.;)

Trolley_Dolley

di3004 wrote: »

Hi hun and thanks.:beer: .

If you've not done so already you can write to request a copy of the agreement, it should not be a problem in retrieving these in for the last 6 years, you have to enclose a £1 postal order or cheque payment, and they should should be with you by 12 days of request.

Regarding the SAR request you will find the template letter for this on the thread, this is the one you use to receive all the info they have on the account(s) going back as far as 6 years, they have 40 days to comply to this request, but there is a higher cost of £10 cheque or postal order payment.

The details of this SAR are within the SAR thread, good luck and if you get any problem you can always contact the ICO (information commissioners office) who will be able to give you some info on this matter:
https://www.ico.gov.uk/Global/contact_us.aspx

Good luck hun and give us a shout anytime.;)

Thats great thanks for that info i`ll get on the case with that straight away and ive sent you a PM - hope you dont mind

di3004

Trolley_Dolley wrote: »

Thats great thanks for that info i`ll get on the case with that straight away and ive sent you a PM - hope you dont mind

Hi hun

With pleasure.:A

i have just sent a pm back to you.....:D not a problem and anytime X

Well done anyway.:T

Di
X

dinerodinero

quote=dinerodinero;19488451]

Turboman wrote: »

Clarifying

Hi Turbo here is all the information

My first loan:
Cash loan: £12,310.00
Loan insurance: £3,137.83
Annual Interest Rate: 8.44%
Original amount of credit: £15,447.83
Agreement opening date: 14/11/2007 for 86 months
Total amount for the cash loan: £16,406.88
Total amount for the insurance loan: £4,182.36
Total amount for the total Loan: £20,589.24
Total charge for credit on Cash Loan: £4,096.88
Total charge for credit on Insurance loan: £1,044.53
Total charge for credit for the Total loan: £5,141.41 ( Interest on Total loan )


With the new agreement that HALIFAX want me to sign is as follows:
Amount of credit ( the loan ) £11,098
Duration of agreement: 74 months
Total amount: £14,254.56
APR: 8.4%
Total charge for credit on the loan ( interest on the loan ): £3,156.56

This is the information from the statements and the balance

13/12/07 – Debit - £104.74
13/01/08 – Debit - £105.45
13/02/08 – Debit - £106.16 / payment - £245.11
13/03/08 – Debit - £105.22 / payment - £245.11
13/04/08 – Debit - £104.27 / payment - £245.11
13/05/08 – Debit - £103.32 / payment - £245.11
13/06/08 – Debit - £102.35 / payment - £245.11
13/07/08 – Debit - £101.39 / payment - £245.11
13/08/08 – Debit - £100.41 / payment - £245.11
13/09/08 – Debit - £99.43 / payment - £245.11
13/10/08 – Debit - £98.44 / payment - £245.11
13/11/08 – Debit - £97.45 / payment - £245.11
13/12/08 – Debit - £96.45 / payment - £245.11
13/01/09 – Debit - £95.44 / payment - £245.11
13/02/09 – Debit - £94.43 / payment - £245.11

Balance: £13,776.35

Thank you

Emma

maxdp

Di can you MSN 6 ish tonight need to discuss. Ta. Hope you feel better soon.x

veryannoyed_4

Hi

I took out a loan approx 8 years ago. Since then I have had to go back and increase the loan a couple of times, which means that they have closed my old loan, and started a new one (I now realise how stupid that was). Each loan had PPI. I told them that I didn't want it, but I was told that I had to have it, due to the ammount I was borrowing. Can I claim back on previous loans, as well as the current?
In the last 8 years I have broken my hand, and dislocated my shoulder, and both times only received a minimal of time off work. I didn't use the PPI for either incident. Will this help my case?

Thanks in advance