PPI Reclaiming Discussion part 4

irnbru74

di3004 wrote: »

Hi there

And your not stupid lol

I'm sure someone will be along soon to check the figures out for you, but normally even if you did take out another loan to pay off another you should still receive refunds of ppi plus interest from both.
Sometimes they will sort of reduce the amount of settlement from the first one of the ppi (by forms of a rebate), and you should receive the remaining minus "any rebate" given.

Good luck with this.:)

Hi Di,
Will they take into account the 2 loans, even though I have just mentioned the latter one?
And, with loan 1, why do you think there was no interest added on to PPI, was it it hidden, loan 2 has it clearly written?
Thanks

beverleykim

irnbru74 wrote: »

Hi There,
How did you get on with this, I'm in the same postion, just had rejection letter and trying to put a letter together to dispute what they are saying!
Thanks

Hello there. It is ongoing. I then sent questionnaire off to FOS who have returned everything and advised me to complaint to the Underwriters, and they have sent my complaint to them on my behalf. If I do not hear from the Underwriters within the next weeks, I am to send the FOS Questionnaire off to them.

I think there are a few of us with similar complaints.

Bev

LynK_3

beverleykim wrote: »

Hello there. It is ongoing. I then sent questionnaire off to FOS who have returned everything and advised me to complaint to the Underwriters, and they have sent my complaint to them on my behalf. If I do not hear from the Underwriters within the next weeks, I am to send the FOS Questionnaire off to them.

I think there are a few of us with similar complaints.

Bev

I am in the same boat at you Bev, mine is with the FOS pursuing the underwriters direction.
I reckon I would've paid at a conservative estimate over £1,000 ppi on this , have you any figure?

beverleykim

LynK wrote: »

I am in the same boat at you Bev, mine is with the FOS pursuing the underwriters direction.
I reckon I would've paid at a conservative estimate over £1,000 ppi on this , have you any figure?

Hi Lyn

Glad to see you have been quite successful recently, well done.

I'm not sure how much I will be looking at, but whatever it is, it belongs to me so I want it back!!

The underwriters are meant to get back to me having had the FOS advise them that I have a complaint, but guess what they haven't, so will be sending them a fos questionnaire. It must be a while now since you sent yours off to the underwriters? Have you had any response yet?

Bev

beverleykim

beverleykim wrote: »

Hi Lyn

Glad to see you have been quite successful recently, well done.

I'm not sure how much I will be looking at, but whatever it is, it belongs to me so I want it back!!

The underwriters are meant to get back to me having had the FOS advise them that I have a complaint, but guess what they haven't, so will be sending them a fos questionnaire. It must be a while now since you sent yours off to the underwriters? Have you had any response yet?

Bev

Sorry just re-read your thread. The FOS returned my original questionnaire as they could not find the address. I rang them and we ran through some possible addresses together and rather than I resend the questionnaire back to the FOS they were sending a complaint letter to the underwriters directly on my behalf, so I guess this means I am one step ahead of you, or maybe not, all very confusing. Keep me posted anyway.

Bev

beamerguy

I together with 100's if not 1000's of people who have suffered damage from the banks, seek a "no win no fee" firm who is prepared to act for us with regard the fraudulent activities of the banks.

This will involve compensation claims of a high amount.

Unlike "no win no fee" regarding bank charges, this would provide a substantial income for any firm who accepts this challenge

Please register your interest here

Derwent

beamerguy wrote: »

I together with 100's if not 1000's of people who have suffered damage from the banks, seek a "no win no fee" firm who is prepared to act for us with regard the fraudulent activities of the banks.

This will involve compensation claims of a high amount.

Unlike "no win no fee" regarding bank charges, this would provide a substantial income for any firm who accepts this challenge

Please register your interest here

I am really surprised that no enterprising ambitious lawyer has latched onto the principal of unjust enrichment in this issue yet.

While the banks may be refunding premiums and interest paid by customers, there is another issue that goes largely unnoticed.

While in possession of OUR money, they have lent that money out several times over and profited massively from it. In effect they have used OUR money to make profit for themselves.

I'm pretty sure that a case could be made that the associated profit made on the re-lending of OUR money should also be reimbursed, as it is unjustly enriching the banks by allowing them to keep the profit made on money they were wrongfully in possession of in the first place.

To use an analogy, if I conned £500 off you and used it to make £1000 profit down the bookies then should I be allowed to just pay you your £500 back and keep the £1000 profit for myself if I got caught ? This is exactly what the banks have been allowed to do.

beamerguy

Derwent wrote: »

I am really surprised that no enterprising ambitious lawyer has latched onto the principal of unjust enrichment in this issue yet.

While the banks may be refunding premiums and interest paid by customers, there is another issue that goes largely unnoticed.

While in possession of OUR money, they have lent that money out several times over and profited massively from it. In effect they have used OUR money to make profit for themselves.

I'm pretty sure that a case could be made that the associated profit made on the re-lending of OUR money should also be reimbursed, as it is unjustly enriching the banks by allowing them to keep the profit made on money they were wrongfully in possession of in the first place.

To use an analogy, if I conned £500 off you and used it to make £1000 profit down the bookies then should I be allowed to just pay you your £500 back and keep the £1000 profit for myself if I got caught ? This is exactly what the banks have been allowed to do.

Yes you are right, this can of worms is slowly being opened. For my part wherever i see a place to advertise for a firm of lawyers, I will do so. They will of course be versed in criminal law as fraud is a criminal offence.

As my mother who is 86 said recently ... "this never happened in my day, the banks were trusted"
Mother ... there was no internet around then to tell everybody how badly the banks behave !

I am sure that it will not be long before an enterprising firm of lawyers take up the chase.
Of course there is a small problem, it could actually bust smaller operations like Capital One .....

Now is the time for someone like Virgin (Richard Branson) to step in

kelly993

[QUOTE=

Now is the time for someone like Virgin (Richard Branson) to step in[/QUOTE]

Noooo Virgin money is part of MBNA!! We dont want anymore involvement with them!:mad:
Thanks for the template letter you sent me Beamerguy

milly456

milly456 wrote: »

Hi,

firstly thank you thank you thank you :-) I have just received an offer from NRAM for a policy PPI that I had, and without this site I would have had no idea what to do. Martin for PM!

Could somebody with a maths brain assist if the offer I have been given is a fair one?

Loan of £5000 over a period of 10 years, capital £5000 interest of £2472: APR of 8.9%. Loan started June 2006, all payments made every month.

The offer received is for a refund of £1171, and interest of £257, along with a reduction in the balance of the remaining loan. Whilst this is a first offer from them I am happy to take whatever someone with more knowledge thinks is a fair amount!

Once again thank you to MSE and the forum members- you have been very helpful :-)

Milly

Hi,

apologies for reposting- could someone cast an eye over these figures to see if they are correct?

Thanks

Milly