PPI Reclaiming Discussion part 4

Earthakit2007

Hi, I have looked back over my loan history and have multiple PPI of which i was led to believe was a requirement to get the loan.
One company, BlackHorse, I have had 10 loans over as many years, five have PPI. I have not compleated the full term on most of the loans but have paid rediculas figures for the insurance. e.g Loan of 15,000 over 120 months.. PPI £5482.50 over same total of £9125.00 if compleat the term. When paying the loan off early, i believe we payed the £5482.50 plus the interest for as long as we had the loan. I have the paperwork for all this. All together i have 8 policy's adding up to around £28,000. Can i add 7%? and can i claim multiple claims to the same company?
Thanks Guys ;0)

beamerguy

vindicated wrote: »

Hey - just wondered if anyone had joy claiming additional compensation on top of their ppi refund - I had to leave work due to an illness made worse by the bank refusing a claim on the ppi this resulted in having to declare bankruptcy - I've requested additional compensation based on loss of earnings and the effect it's had on mental health and credit worthiness etc, 5 years loss of earnings added up to quite a bit and I did deduct benefits received over that time - what's the likelyhood of them actually paying out?

Hope you're all well

This is from a few posts back

I hope the following will assist and indeed everyone should download a copy of this letter to pass on to others who have been damaged by the banks.

DOWNLOAD HERE
http://www.scribd.com/doc/73824439/Letter

PLEASE READ THIS CAREFULLY

PLEASE PASS THIS ON TO ANYONE YOU KNOW WHO HAS SUFFERED FRAUD FROM THE BANKS.

Over the last few years we and millions of people put our trust in the banks when we were sold a PPI. We were told that in the event that we could not repay loans or credit cards, we would be covered by the insurance.

THE BANKS LIED AND THIS IS FRAUD under the Fraud Act 2006

The mis-selling of PPI's would have gone un-noticed with very few claims but along came Fred Goodwin of the RBS who through his actions created the banking crises and what followed was a recession, people losing jobs and not being able to loans and credit cards.

All of a sudden millions of people started to claim on their PPI, a product the banks said would safeguard us in the event we could not pay.
Banks then started to refuse claims and then we started to look carefully at the policies, only to find they were not worth the paper they were written. At this moment we realised that we had been scammed and the Banks could never be trusted again.

This then created mass complaints to the FOS and it became so serious that the FSA took the banks to the High Court. The court ruled in favour of the FSA and consumers and ordered the banks to repay the monies they stole from the public.

So, this huge wave of claims, a tsunami, all of a sudden hit the banks. £miilions of pounds were involved in this mass banking fraud.

All of a sudden, the banks admitted that PPI policies were mis-sold but prior to that, they were adamant they were in the right and result was .. BEFORE THEY WERE TOLD

A NAZI STYLE DESTRUCTION OF PEOPLES LIVES
** CONSTANT PHONE CALLS, DAY OR NIGHT,
** ARROGANT DEBT COLLECTORS
** DAMAGE OF YOUR CREDIT FILE

This all happened because the banks committed FRAUD. The Fraud Act 2006 CLEARLY DEFINES THIS.

YOU WERE DAMAGED BECAUSE THEY COMMITTED FRAUD.
Therefore not only can you re-claim all monies the banks stole from you, you can also claim for damages due to their actions. This is damages (including harrassment) that the bank caused / created for you.

Be aware that as the banks are now re-paying mis-sold PPI's, they acknowledge they were mis-sold and are clearly in breach of the Fraud Act 2006

If you feel you want to claim damages against your bank, you can download a template here:
http://www.scribd.com/doc/73821643/Damages
(TELL YOUR FRIENDS TO CLAIM FOR DAMAGES)

Simply complete the claim to personalise to yourself. How much you claim will depend on how badly you have been damaged

BANKS SELLING YOUR DEBT TO DEBT COLLECTORS:
This was happening on a mass scale before the High Court Ruling. Debt collectors were purchasing debts at discounted rates and would chase you for the full amount. They would make phone calls, threaten you with court, threaten to visit your property.
In reality, when they purchased the debt, they purchased the "intellectual rights", meaning they owned the debt instead of the bank.
What debt collectors did not forsee, is that they purchased debts that derived from bank fraud and now, they were liable for the fraud.
You will be entitled to send your claim for damages to them if you wish.

THE BENEFIT OF RAISING A "CLAIM FOR COMPENSATION AND DAMAGES"
Should your bank or debt collector start to theaten you, you then have a counterclaim which will no doubt be far more than they are claiming. On this basis, all threats of court action would cease as they would not want to explain to a court their fraudulent activity

PPI REFUNDS BEING PASSED TO DEBT COLLECTORS THEY SOLD YOUR DEBT TO:
Let us be very clear about this one, the PPI you accepted in good faith is strictly a policy in YOUR NAME.
It is not transferable to a third party. NO insurance policy is transferable to another party (person or firm)

Therefore it would be illegal for monies to paid on an insurance product to a third party if that policy was in your name.

The banks have only themselves to blame for this mess and is down to their arrogance, ignorance and greed.
Debt collectors face a very uncertain future as they have been purchasing fraudulent debts

This letter has been designed to assist those damaged by the banks so please download your copy and ensure you pass it on to anyone you know who has been damaged

CLAIM FOR DAMAGES AND COMPENSATION (Download here)
http://www.scribd.com/doc/73821643/Damages

DOWNLOAD THIS LETTER
http://www.scribd.com/doc/73824439/Letter

smitchy73

amersall wrote: »

You should call them back and tell them the FOS redress states ppi total to be taken off the loan and monthly payment reduced.

Having said that,when your loan went into default you would have paid a smaller amount each month,this may have been a small portion to the loan and the same to the ppi,this would have increased arrears on this loan.
The way i see it is they have given you the ppi back off the loan £4214 this includes the interest on those, the reason they cannot reduce the loan balance anymore,could be the fact the majority of this will be arrears and the loan should have been cleared before,so they have taken the ppi off and reduced the original balance.
If i am wrong someone please feel free to butt in x.

Hi amersall, thankyou, through the whole time I was in default the loan figure was held at what the total amount of the loan + ppi +interest was and reduced by my monthly payment, I do see what you mean though, I just thought that with what i'd paid plus the refund from the ppi would've cleared what was outstanding without having an amount still outstanding which will take another few years to pay off.
I'm going to phone the FOS tomorrow to see what they say.
Thanks again.:D

amersall

smitchy73 wrote: »

Hi amersall, thankyou, through the whole time I was in default the loan figure was held at what the total amount of the loan + ppi +interest was and reduced by my monthly payment, I do see what you mean though, I just thought that with what i'd paid plus the refund from the ppi would've cleared what was outstanding without having an amount still outstanding which will take another few years to pay off.
I'm going to phone the FOS tomorrow to see what they say.
Thanks again.:D

You are welcome,let me know what you find out.

amersall

Earthakit2007 wrote: »

Hi, I have looked back over my loan history and have multiple PPI of which i was led to believe was a requirement to get the loan.
One company, BlackHorse, I have had 10 loans over as many years, five have PPI. I have not compleated the full term on most of the loans but have paid rediculas figures for the insurance. e.g Loan of 15,000 over 120 months.. PPI £5482.50 over same total of £9125.00 if compleat the term. When paying the loan off early, i believe we payed the £5482.50 plus the interest for as long as we had the loan. I have the paperwork for all this. All together i have 8 policy's adding up to around £28,000. Can i add 7%? and can i claim multiple claims to the same company?
Thanks Guys ;0)

All you need are the account numbers and reasons for mis sell to make a claim,look here for reasons and if any/all apply to you then put a claim in.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2

If you have multiple loans with one company,i would put the complaint in (as these will have been rolled over onto the next) with all the account numbers,they may find all the loans from one loan account,but just to be on the safe side put all of them down.

Just to let you know,if you win,they will take off the rebates of interest of the ppi they gave you when you redid the loans.
You dont tell the bank what amount they have to pay you,they calculate these from the loan accounts,you are asking for full redress on the loans.
If you need anymore help just ask.

cappo

Earthakit2007 wrote: »

Hi, I have looked back over my loan history and have multiple PPI of which i was led to believe was a requirement to get the loan.
One company, BlackHorse, I have had 10 loans over as many years, five have PPI. I have not compleated the full term on most of the loans but have paid rediculas figures for the insurance. e.g Loan of 15,000 over 120 months.. PPI £5482.50 over same total of £9125.00 if compleat the term. When paying the loan off early, i believe we payed the £5482.50 plus the interest for as long as we had the loan. I have the paperwork for all this. All together i have 8 policy's adding up to around £28,000. Can i add 7%? and can i claim multiple claims to the same company?
Thanks Guys ;0)

Hi earthkit it's 8% simple interest now yes you can put multiple claims into the same company as long as you have reason to believe you were misold go for it.

cappo

vindicated wrote: »

Hey - just wondered if anyone had joy claiming additional compensation on top of their ppi refund - I had to leave work due to an illness made worse by the bank refusing a claim on the ppi this resulted in having to declare bankruptcy - I've requested additional compensation based on loss of earnings and the effect it's had on mental health and credit worthiness etc, 5 years loss of earnings added up to quite a bit and I did deduct benefits received over that time - what's the likelyhood of them actually paying out?

Hope you're all well [/QUOTE


I haven't YET

vindicated

cappo; said
I haven't YET

Interesting, May I ask why you said "Yet"? I'm considering sending a letter requesting additional damages but not sure if i'll be successful or not and whether the bank will just stonewall me.

Not getting my hopes up anyway - was just a query!

sunshine25

Anyone got a link to an online ppi claim calculator please

cappo

vindicated wrote: »

Interesting, May I ask why you said "Yet"? I'm considering sending a letter requesting additional damages but not sure if i'll be successful or not and whether the bank will just stonewall me.

Not getting my hopes up anyway - was just a query!

Hi vindicated it's a long story check back on some of my previous posts re LTSB lets just say at the moment i am thinking about it.