PPI Reclaiming Discussion part 4

cappo

amersall wrote: »

Yoo hoo
You are discharged after 3 years,but i am sure the fact you went bankrupt is still on your credit file for 6 years.

Watcha lorraine girl, how's it going?:)

virtuous

Hi Niggly,

This is what Halifax the fact that my earlier loan included PPI the outstanding balance on that loan, which I carried over to the next loan was higher that it would hve been without PPI and therefore I paid higher payment and more interest when making repayments on the next loan. "Our offer of the Excess Balance and interest is a refund of the extra amount paid by you with associated interest" "As you repaid the loan before the end of the agreed terms the refund of premiums takes into account the insurance rebates which was included in your settlement figures"

Niggly I have no clue what Halifax are talking about, maybe you shade some light here.

Th

lisajaynec

Hi All
Been waiting for my full SAR from yorkshire bank after they just sent me the loan i was paying at the moment which doesnt have ppi. So took your advice on here and asked the cashier when i went to the bank today if she could give me the loan account number and guess what it was there on her computer screen from 1998, she gave me the loan number and amount and date it was taken out. So another claim sent in and the waiting begins.

Been looking at my old statements and found a loan from GUS Finance from 2000, paid £160 per month for 5 years but haven't got an account number, anyone else had any dealings with GUS Finance.

Well done everyone on their wins:j

Lisa

sunny8_2

cappo wrote: »

sorry to hear this sunny my thoughts are with you as there also with Di and her shock news over the weekend. keep your chins up girls it can only get better,not doing too much today got our church group other than that relaxing time and think about planning my next strategy with LTSB

Thank you cappo...:):) Good for you..go get 'em!!:j:j:j:jxx

sunny8_2

nerul wrote: »

Hi Sunny and thanks for your congratulations !

Our loan went back to 2002 it was front loaded with over 23k of BLRI (though in all replies Lloyds TSB call it PPI). We settled the loan early after 27 months as we sold the business. At the time we were refunded just over 16k PPI but had been paying £208 a month during the duration of the loan.

We first complained to Lloyds back in 2009 and like you we had a five page refusal letter (but no CD) laying out the facts that they had done nothing wrong. We complained again and they refused again. We went to the FOS in September 2009 and had confirmation from them in July 2011 that our claim had been upheld. Our offer letter came yesterday. So in total it was with the FOS for two years! Nevertheless, I think you have a fantastic chance of getting back your money although it may take some time. From what I have researched front loaded PPI is difficult for them to defend. I wish you all the luck in the world as I know how worrying it is.:(

Even now I dont think my offer figures are correct. They have only given back the difference plus interest of what was paid up front and what was repaid. There is no redress for the 27 payments of £208.00. I will contact them first thing tomorrow.

Good Luck !

Yes, do that nerul, niggly is fab on here and will work it out no problem for you:):) he is really nice & is brilliant at calcs!! well done!!:T:T:T:Txx

amersall

cappo wrote: »

Watcha lorraine girl, how's it going?:)

Ok steve hows you x

sunny8_2

cappo wrote: »

Also sunny getting back to your post if you have a transcript saying that the banks insurance is great and is something you should take out it then goes from an non advised sale to an advised sale you have an uphold there girl.:T

Right...i did not know that..thanks cappo :T:T:Txx

Niggly_2

virtuous wrote: »

Hi Niggly,

This is what Halifax the fact that my earlier loan included PPI the outstanding balance on that loan, which I carried over to the next loan was higher that it would hve been without PPI and therefore I paid higher payment and more interest when making repayments on the next loan. "Our offer of the Excess Balance and interest is a refund of the extra amount paid by you with associated interest" "As you repaid the loan before the end of the agreed terms the refund of premiums takes into account the insurance rebates which was included in your settlement figures"

Niggly I have no clue what Halifax are talking about, maybe you shade some light here.

Th

Firstly Loan 2 refund seems wrong so make sure you ask for re calculation.

The above bit is just swanky talk.

On loan 1 you purchased a ppi policy and when you paid off the loan early with loan 2 they looked at what you owed on the ppi took off a rebate because you repaid it early and then added the balance to the new loan,

For example the PPI was £2000 to purchase and they rebated £1000 on early settlement. The balance of £1000 is what you still owe and this is added to the next loan.

So the loan 2 would be £1000 higher because they will now give back the ppi as a refund as you won the claim. This £1000 may have cost you an extra £10 per month on loan 2 so they have to refund this to you with interest as well.

I cant work out the balance because we dont know your rebate. However I am guessing the £96 isnt sufficient as the second loan was paid off in full. Again ask for them to explain, in an email how they have come to this figure.

N

24710274

Hi there still new to this site although i have a few claims in the processs , today i had my third failure for ticking the box! Does anyone know of any successes via FOS with regard to being turned down on this basis ? Any thoughts are really welcome thanks dave

sunny8_2

di3004 wrote: »

Sunny

I am so sorry to hear this and am thinking of you and your good friend. Love and best wishes xxxxxxx

Thank you Di , life's a !!!!! at times...chin up missy!!:):)xx