PPI Reclaiming Discussion part 4

lindi11

£3,840 on loans i have had from 2002 is a happy bunny
First sent letters on the 18th january and got the first letter to say recieved on the 21st then the offer today 20/2/12:j

laineybobs_2

Hi
Im wondering if anyone can help me. Im looking into claiming back ppi for my hubby and just wondered if anyone could give me some idea if i have a claim.

He took out a loan in branch (lloyds tsb) in 2008 for a new car purchase at which time he was told he should take out ppi as it would help with the application. The loan was for £7500. He did this even though he already had insurance through an independant company which would cover him in terms of sicknes or job loss - and he works for the family business so they too would have given him money if he got sick.

Anyway he paid the loan off in full, but my claim is that he never needed the ppi but was given it anyway and told he should take it? Does that sound fair? Surely as it was a face to face meeting she should have checked that thoroughly?

My problem is i cant find the paperwork to show the ppi policy but i do have the loan account number so i have sent off the questionaire with that information on it. What are my chances of getting something do you think?

Also he has credit cards that he took out in 2008 - one in person and the others on line with different companies - virgin, egg, and lloyds themselves? Do you think its worth chasing them up?

And lastly - sorry for all the questions- i want to try and claim his bank charges back. he wrote a letter to lloyds back in 2007 (which we have a copy of) in which he said that there charges were unfair as he was only ever over his limit by a pound or two or unable to pay dd's due to a pound or two but was charged £330 in the space of 12 months in charges. This has gone on for a number of years (2006-2010/11ish) - do you think its worthwhile writing to them to get them to refund??

Thanks for any help in advance!

jennysun1

Hi all

Wonder if you could help? I had a barclaycard about 10 years ago. I paid it off about 5 years ago and closed the account. I want to check if I was misold PPI.

I also had store cards with Topshop and New Look about 4-5 years- again I paid off the debts and closed the accounts. How do i check if I was misold PP?

I have no information about my account but have since acquired a new Barclaycard last year.

Do I contact Barclaycard first for a copy of my old card policy details and account details or does this need to be done seperately?
And which address do I send the request too?

Thanks in advance for any advice

Tea_biscuits

Hi,

Complete newbie to all of this so I apologise now. A friend after claiming successfully has got me wondering if I should give it a go or not.

Between my husband and I we have numerous credit cards, loans and catlogues which were all taken out within the last 10 years. I mean these are loans etc that have been running for the last 10 years. As far as I can remember we have PPI on most of these. They are still running and being paid off slowly through out debt management plan,

I can't find my original documents but could probably get hold of the policy/account numbers etc.

Around 7 yrs ago our debts got out of hand and we opted for a debt management plan (who we are also paying PPI to right now!) of which we make regular weekly payments to.

What I want to know is should we claim? Do we really stand a chance?
Should we go through a no win no fee company? (getting to the bottom of all this is going to be very messy and hardwork, I am tempted to get someone to do the hardwork for me)

If we were successful would the winning money go the company who we have the debt management plan with? Would the lenders take the winnning amount and take this off the balance of what we currently owe?

Sorry for all the questions, having looked in to this it seems very daunting and I don't have a clue where to begin!

Any help/advice is very much appreicated.

Thank you, Viki

gratefull

jennysun1 wrote: »

Hi all

Wonder if you could help? I had a barclaycard about 10 years ago. I paid it off about 5 years ago and closed the account. I want to check if I was misold PPI.

I also had store cards with Topshop and New Look about 4-5 years- again I paid off the debts and closed the accounts. How do i check if I was misold PP?

I have no information about my account but have since acquired a new Barclaycard last year.

Do I contact Barclaycard first for a copy of my old card policy details and account details or does this need to be done seperately?
And which address do I send the request too?

Thanks in advance for any advice

It's almost certain you would have had ppi on your closed Barclaycard. I haven't heard of anybody who hasn't yet. Somebody will be on soon to help you with your closed account

sassyone19

hi there i sent a letter claiming back ppi to cap one 6 weeks ago i had a letter a week later saying that they are going to look into my account which is paid off and closed they say they will contact me within 7 weeks with a response that was 5 weeks ago are they just delaying or are they actually looking into my account i wonderxhas anyone else had a similar experience with cap one as im unsure wether or not the fact that their taking their time with my clainm is a good or bad sign?gratefull for any replies thanks:beer:

Bulky

Is front loaded ppi a good enough reason to complain ?

dilus

icmelerlovers wrote: »

@dilus
i just found out that at the time of my loans , i had with my company
sickness cover
private health care
pension plan
life cover 3 x salary
so i have just rang nationwide with this as i didnt have information when i sent of questionaire,

Good idea icmelerlovers, best of luck not that I think you need it, keep us posted on result

sugarpuss27

Hi All
Posted first a couple of days ago, with regards to some Halifax loans, have started the ball rolling on these, made a call and the claim is in, wont hold my breath but hey ho. Have been going through some other bits and bobs and decided to have a look at reducing ppi on our joint Tesco loan. Found that we could get it much cheaper and so contacted Tesco re details of months left what would that leave as balance etc. Upshot is they were ringing me back as a gliche in system. In the meantime I have been reading through their ppi policy summary and document and found the cancellation section. It states that the insurer uses the Rule of 78 to calculate any refund. On looking up this rule on this website it states that was abolished for new loans in 2005, thing is we took the loan out in 2007, this sound to me like a mis-sell or am I missing something.
Any ideas?
Thanks
Posted this a little earlier. In the meantime rang Tesco PPI complaints and spoke to a lovely scottish lady who took all the details and said that the claim would be investigated and they would be in contact. She also confirmed that the process should be complete within 8 weeks, not that she confirmed that the claim was valid but that they were given certain timescales to adhere to. All I can do now is wait. Would be grateful of any insights from all you knowledgables.

dilus

Bulky wrote: »

Is front loaded ppi a good enough reason to complain ?

It is yes but it also depends on how it was sold. Was it fully explained to you including the full cost over the full term of the loan. Were you asked if you were covered elsewhere. Were you asked if you wanted it. Were you given the option to shop elsewhere cheaper. Did you have the opportunity to cancel it and was that made clear?
Just because it was added doesn't mean it wasn't right for you but having said that it is frowned upon by the FOS and is the most upheld type of PPI. It has been taken off the market since April 2011. So go ahead and complain