PPI Reclaiming Discussion part 4

beamerguy

lisajaynec wrote: »

The letter says she applied in feb 2002
During the internet sales process info re PPI appeared on a separate screen to your card application. it would have been clear from this seperate screen that ppi was a distinct product from the cc.
this option to tick the box would have made it clear that you could choose to have it or not. given that you ticked the box, i am satisfied that you actively chose to purchase ppi and that it was optional when you did so.
Then it goes on to say that you were eligible as you were 18-70 in full time employment and lived in uk. then says i have reached the view that given the circumstances the ppi policy you purchased provided cover which would have been beneficial to you.
Then it goes on sorry to disappoint you...................
then fos

Firstly she was employed and had sickness cover by her employer, she lived with her partner (who she is now married to) who was also in full-time employment and they have no dependants.
She staes that the internet box was pre ticked....but cant prove it, so thought it was compulsory for the card
But MBNA sent out a photocopy of the form to sign which she did sign and returned confirming ppi.....

She was going to leave it but I think its worth another go and then off to FOS if no joy. Any help gratefully received
Thanks

Your friend must read this,
Judge quashes woman's £8,000 credit card debt in 'landmark ruling' on mis-selling of payment protection insurance
http://www.dailymail.co.uk/news/article-1217173/Judge-quashes-womans-8-000-credit-card-debt-landmark-ruling-mis-selling-payment-protection-insurance.html

NO WAY are we all going to let your friend give up, there's money in them there hills Lisa ... ALL FROM MBNA

Did your friend see a copy of the policy ? Was it underwritten by St Andrews part of the Lloyds group, if it was it was a fraudulent policy
Get your friend to join here, we will help her get her money back

gratefull

beamerguy wrote: »

People, it beggars belief that this stupid government cannot see the wood from the trees. They know that the tough measures they impose are causing a rise in the jobless, people make a choice of eating or heating, poverty at a all time high ..... for goodness sake, this is supposed to be Great Britain not a poky little back street country.

NOW ...... they want to get their greedy little fingers on money being repaid which was stolen in the first place by the banks. I think we can all understand why there is an ever increasing black market in cash within the UK ?

They even go chasing Escorts and prostitutes for tax on their earnings making the government the biggest PIMPS IN COUNTRY, living off immoral earnings. Tis no wonder that people are now waving 2 fingers at them

JUST READ THIS ARTICLE
Got PPI compensation? You probably owe tax
http://www.moneysavingexpert.com/news/reclaim/2011/11/got-a-ppi-payout-you-probably-owe-tax?utm_source=forum&utm_medium=sidebar&utm_campaign=box

QUESTION:
If you were successful in claiming PPI through a claims company, and if their costs were, lets say 20% of 10k then effectively your claim cost 2k. So the costs of making the claim far outweighs any interest that is taxable, is this claimable?


ie. PPI claim £10,000
less costs to claim company £ 8,000
8% taxable interest £ 640

Simple logic it cost 2k to make the claim so how do you stand
can you claim these expenses back off the taxman :eek:

If I had used a claims company (THANKS dilus) then I'm certain I would be asking this question when contacting the HMRC.

Because of the advice on this site my costs were kept low but I will still ask the question simply because every claim has a cost

lisajaynec

beamerguy wrote: »

Your friend must read this,
Judge quashes woman's £8,000 credit card debt in 'landmark ruling' on mis-selling of payment protection insurance
http://www.dailymail.co.uk/news/article-1217173/Judge-quashes-womans-8-000-credit-card-debt-landmark-ruling-mis-selling-payment-protection-insurance.html

NO WAY are we all going to let your friend give up, there's money in them there hills Lisa ... ALL FROM MBNA

Did your friend see a copy of the policy ? Was it underwritten by St Andrews part of the Lloyds group, if it was it was a fraudulent policy
Get your friend to join here, we will help her get her money back

I will ask tomorrow about the policy and if she saw it, she wont join here because she doesn't use a computer so she had help to complete the application on line lol she says its just her luck! She hand wrote her claim with my help. She is just deflated especially as her colleague who I also helped just got 1.7k back from MBNA on Monday.

beamerguy

lisajaynec wrote: »

No. i didnt even realise it was added, but Santander said because it was from 1993, they cant locate the paperwork and because I cant provide it, they closed the case. I have sent it on to FOS

RE-OPEN the case with Scottish Power, they are wrong and just trying to wriggle out .... sounds like Santander are doing the same.

This is the bottom line, it is not your responsibilty to produce the paperwork, the FSA handbook makes that very clear. As a company registered with the FSA and given a licence to operate and sell financial products, the onus is on them to produce the contract. If they cannot, then you must consider the contract as null and void and to that end, demand, not ask, for all PPI to be repaid to you

beamerguy

lisajaynec wrote: »

I will ask tomorrow about the policy and if she saw it, she wont join here because she doesn't use a computer so she had help to complete the application on line lol she says its just her luck! She hand wrote her claim with my help. She is just deflated especially as her colleague who I also helped just got 1.7k back from MBNA on Monday.

ok, lets get the full story and we can take it from there

smitchy73

beamerguy wrote: »

Right now, we are seeing that Halifax are becoming very difficult to deal with. This is probably a directive from the masters Lloyds TSB AS THEY ARE IN THE RED and appear to be struggling to pay money.
Before I would have said go to the CEO of Lloyds but he is on sick leave due to stress so they are running around like a headless chicken right now. Di is right, get your MP to intervene in the matter, depends on your MP, some are good at this, others completely useless

Beamer, have to disagree slightly we've had two complaints upheld in the past two weeks and received payments within a few days of receiving the offer letter. Although I do have to add that we didn't get any acceptance letters to sign and send back we just got figures and told not to do anything unless we wanted to dispute the offer.

BUT I think we've been well lucky to get it so quick and as I put on another thread last night, if they tell you when challenged that folk who got offer letters recently are getting paid out of order than older offers is rubbish they are LIARS!

lisajaynec

gratefull wrote: »

QUESTION:
If you were successful in claiming PPI through a claims company, and if their costs were, lets say 20% of 10k then effectively your claim cost 2k. So the costs of making the claim far outweighs any interest that is taxable, is this claimable?


ie. PPI claim £10,000
less costs to claim company £ 8,000
8% taxable interest £ 640

Simple logic it cost 2k to make the claim so how do you stand
can you claim these expenses back off the taxman :eek:

If I had used a claims company (THANKS dilus) then I'm certain I would be asking this question when contacting the HMRC.

Because of the advice on this site my costs were kept low but I will still ask the question simply because every claim has a cost

I have just sent a letter to the tax office notifying them of my win and interest I have to pay tax on, but then itemising my costs associated with my claim (postage, printer ink and 20 mins per claim@£10 per hour). I will keep you informed when I receive a reply
Lisa

lisajaynec

beamerguy wrote: »

RE-OPEN the case with Scottish Power, they are wrong and just trying to wriggle out .... sounds like Santander are doing the same.

This is the bottom line, it is not your responsibilty to produce the paperwork, the FSA handbook makes that very clear. As a company registered with the FSA and given a licence to operate and sell financial products, the onus is on them to produce the contract. If they cannot, then you must consider the contract as null and void and to that end, demand, not ask, for all PPI to be repaid to you

Will do thanks, I'm writing the letter as we speak
Lisa

smitchy73

lisajaynec wrote: »

I have just sent a letter to the tax office notifying them of my win and interest I have to pay tax on, but then itemising my costs associated with my claim (postage, printer ink and 20 mins per claim@£10 per hour). I will keep you informed when I receive a reply
Lisa

Although I disagree with paying the tax on the interest, I think we're all banging our heads off the wall with this one, after all, when we used to get interest on the money in our bank accounts, no-one ever queried the tax that was taken off that, usually, well for me was only ever pennies.
But I do disagree with the paying of the tax on it, after all think of how much money is being pumped back into the economy because of the ppi saga.

beamerguy

smitchy73 wrote: »

Beamer, have to disagree slightly we've had two complaints upheld in the past two weeks and received payments within a few days of receiving the offer letter. Although I do have to add that we didn't get any acceptance letters to sign and send back we just got figures and told not to do anything unless we wanted to dispute the offer.

BUT I think we've been well lucky to get it so quick and as I put on another thread last night, if they tell you when challenged that folk who got offer letters recently are getting paid out of order than older offers is rubbish they are LIARS!

The money is in the bag when "the fat lady sings" smitchy

They are using back street tactics, let me know when you actually get your cheques then we can celebrate