PPI Reclaiming Discussion part 4

gratefull

peterrobbo wrote: »

can anyone out there recommend a company that can act in my best interests for reclaiming ppi on several loans, cc`s mortgage etc as the task of tackling all of these on a collective front is daunting. Also the info i have i have is limited so i need all the professional help i can get.
Thanks

peter

for goodness sake don't use a claims company everything you need is here on this site.

Just post any questions and people will be along later to help............and you will save yourself at least 20% ao any claim

beamerguy

peterrobbo wrote: »

can anyone out there recommend a company that can act in my best interests for reclaiming PPI on several loans, CC`s mortgage etc as the task of tackling all of these on a collective front is daunting. Also the info I have I have is limited so I need all the professional help I can get.
Thanks

peter

Dont use a claims company, you can do just the same and save at least 20-25% on their fees. Everything you need to know is here for you

bigmac99p

Hi all
Is the fact that ppi was sold as a single premium at the start of a loan with interest added enough of a reason to claim mis sold ? if so can someone explain why ?
thanks
jamie

aandrea

Can anyone help with this one, We have put in, to reclaim my PPI charges against HSBC bank, who i have been with for numerous years now. Well today i got a letter back from them saying that as the account was closed in 2003 for the Cardholder Repayment Protector, they are uphelding complaint as after six years records are distroyed. But this account is not the one i am complaining about, it was a different account i opened up in 2006. It also goes on to say final response to Personal Loan Protection Plan in due course.
I am totally lost, as firstly i am complaining about, my account that is within the 6 years, and secondly i have not had a loan with this company to have PLPP out. I am complaining about my most resent account with them.
I dont no if they are trying to fob me off or what,and before you ask, i have not kept any records of my account from 2003.

dilus

bigmac99p wrote: »

Hi all
Is the fact that ppi was sold as a single premium at the start of a loan with interest added enough of a reason to claim mis sold ? if so can someone explain why ?
thanks
jamie

Hi bigmac99p,
Yes front loaded single premium PPI is a very strong reason, it is basically a loan within a loan and you will have paid APR on the whole amount from the start. The FOS frown on this type of PPI and it has been unavailable since April this year I believe. It was quite often sold on the basis that it would cover you for only 5 years. If your loan was for a longer period the insurance would have finished but you would have carried on paying for it until the end of the loan. It also had so many cop out clauses that it was almost impossible to claim on it. If you had upfront PPI COMPLAIN it is the most upheld reason

RMTOM44

Well rang welcome finance today to be told all the checks have been done and its now been passed to a manager to check and at the final stages. but this can take a few weeks as they check all is right with the fcsc guide lines ???

Does anybody know what will happen from here ?? or how long ??

welcome finance are very reluctant to tell me anything

Thanks for all the help

:>)

beamerguy

dilus wrote: »

Hi bigmac99p,
Yes front loaded single premium PPI is a very strong reason, it is basically a loan within a loan and you will have paid APR on the whole amount from the start. The FOS frown on this type of PPI and it has been unavailable since April this year I believe. It was quite often sold on the basis that it would cover you for only 5 years. If your loan was for a longer period the insurance would have finished but you would have carried on paying for it until the end of the loan. It also had so many cop out clauses that it was almost impossible to claim on it. If you had upfront PPI COMPLAIN it is the most upheld reason

Hi BIGMAC, Dilus is 100% right, it is front loaded and the FSA ans FOS REALLY FROWN BADLY ON IT

I would tell the bank that is "front loaded" and that if they dont accept it, the FOS will, so better settle with me to save further blackmarks against you

bella1010

Hi,
I am thinking claiming for PPI.

I have had 2 loans from Citi Financial in he past but i am not sure if this company is still around.

Also i have had a loan and CC from Halifax
CC from Asda/santander

I am really nervous about money issues and don't really know where to start:(

Claire

beamerguy

bella1010 wrote: »

Hi,
I am thinking claiming for PPI.

I have had 2 loans from Citi Financial in he past but i am not sure if this company is still around.

Also i have had a loan and CC from Halifax
CC from Asda/santander

I am really nervous about money issues and don't really know where to start:(

Claire

Hi Claire, NO NEED to be nervous, we are here to help.

Firstly, explain fully to us about this, do you have PPI's with Hailfax and Santander, did you agree to them, was everything explained etc etc

dilus

bella1010 wrote: »

Hi,
I am thinking claiming for PPI.

I have had 2 loans from Citi Financial in he past but i am not sure if this company is still around.

Also i have had a loan and CC from Halifax
CC from Asda/santander

I am really nervous about money issues and don't really know where to start:(

Claire

Hi Claire,
Don't be nervous about complaining
Firstly do you have paperwork for any or all of the loans/credit cards you mention. If not you may need to SAR the companies in question to get all your details (account numbers etc) A SAR costs £10 for each institution and they have 40 days to comply.
If you have account numbers that is all you need and obviously a valid reason to complain.

Take a look at this page
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Citi Financial are now called One Main Financial and it will probably depend on how long ago these two loans were taken out as they only have to keep records for 6 years
The others sound more recent and you shouldn't have a problem provided they were within the last 6 - 10 years
See what you have in the way of paperwork, decide if you were mis sold PPI and why, then come back and ask for any advice you need. It is very straightforward putting in a complaint so long as you have a reason to. Do NOT be tempted to use a claims company, they will keep at least 20% of any redress for doing no more than you can do yourself