PPI Reclaiming Discussion part 4

kmerc1

Hi all

I'm new to the site, and new to the whole PPI thing, I'll explain why in a bit

Basically, I took out a loan with my bank Natwest in November 2007. It was for a car, my first year insurance, and an exisiting loan was also put in there, so it was around £8,000 in total (without the interest or insurance)

As I was going through the final details with the sales person, he asked me if I wanted to take out insurance on the loan for around £50 a month, my initial response was no, he asked if I was sure, and I said yes.

He then became irrate and said 'You should take out insurance, you might die in your new car', I then again said 'no, it's fine', he then asked 'how would it feel if you died and your mum had to pay back all of your loan?' My response was 'well I'll be dead so I won't feel anything', he then started to go on about my conscience and in the end I buckled and said fine I'll take the insurance.

So that was that and I have been paying back this loan ever since quite happily, but still annoyed about the insurance. I was speaking to a colleague at work the other day and this cropped up, she said I have been pressured into taking out insurance when I had already said no on a number of times, and that I should see about claiming back the costs.

I know of a lot of companies that are willing to help somone like me, but I'm worrying have I got a case or not? I don't want it to get to the final part to find that I have been sold to perfectly fine and that they haven't mislead me in anyway?

Would someone on here know?

di3004

kmerc1 wrote: »

Hi all

I'm new to the site, and new to the whole PPI thing, I'll explain why in a bit

Basically, I took out a loan with my bank Natwest in November 2007. It was for a car, my first year insurance, and an exisiting loan was also put in there, so it was around £8,000 in total (without the interest or insurance)

As I was going through the final details with the sales person, he asked me if I wanted to take out insurance on the loan for around £50 a month, my initial response was no, he asked if I was sure, and I said yes.

He then became irrate and said 'You should take out insurance, you might die in your new car', I then again said 'no, it's fine', he then asked 'how would it feel if you died and your mum had to pay back all of your loan?' My response was 'well I'll be dead so I won't feel anything', he then started to go on about my conscience and in the end I buckled and said fine I'll take the insurance.

So that was that and I have been paying back this loan ever since quite happily, but still annoyed about the insurance. I was speaking to a colleague at work the other day and this cropped up, she said I have been pressured into taking out insurance when I had already said no on a number of times, and that I should see about claiming back the costs.

I know of a lot of companies that are willing to help somone like me, but I'm worrying have I got a case or not? I don't want it to get to the final part to find that I have been sold to perfectly fine and that they haven't mislead me in anyway?

Would someone on here know?

Hi hun and welcome.;)

Yes it seems you have a case, as you were obviously "pressurised" into taking this out.

I had to laugh at your comments though "sorry" :rotfl: :rotfl: :rotfl: .

Check this here for more information hun
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

This link will give you more info and you will also find templates, obviously add your own reasons.

They have 8 weeks to respond in ful, keep at them until you receive the final response in case they try to fob you off, you may also be eligible after you exhaust the complaint procedures of taking your case to the financial ombudman service (FOS).

Post all letter by recorded delivery.

If you decide to use a claims service, please do not go for any who charges upfront fees etc, there are a few free services, and always get advice on these.;)

If you've not got the agreement for this, you can write to them, request for a copy of your agreement, they may give this to you for free but its not guaranteed, its more definate if you enclose a small payment of £1 postal order or cheque payment, they should supply this to you by 12 days of request.

For any more help please post anytime. Good luck.

Di
X

kmerc1

di3004 wrote: »

Hi hun and welcome.;)

Yes it seems you have a case, as you were obviously "pressurised" into taking this out.

I had to laugh at your comments though "sorry" :rotfl: :rotfl: :rotfl: .

They have 8 weeks to respond in ful, keep at them until you receive the final response in case they try to fob you off, you may also be eligible after you exhaust the complaint procedures of taking your case to the financial ombudman service (FOS).

Post all letter by recorded delivery.

If you decide to use a claims service, please do not go for any who charges upfront fees etc, there are a few free services, and always get advice on these.;)

If you've not got the agreement for this, you can write to them, request for a copy of your agreement, they may give this to you for free but its not guaranteed, its more definate if you enclose a small payment of £1 postal order or cheque payment, they should supply this to you by 12 days of request.

For any more help please post anytime. Good luck.

Di
X

Hi Di, thanks for putting my mind at ease saying I may have a case.

I've decided to use a company to help me with my case as I think they're the experts in this, and they're charging 20% if my case is successful. I know there are companies that charge cheaper and everything but the company who I'm going with are recommended by a colleague. The person who I spoke to about my claim sent some forms out to me yesterday, so when I get home tonight I'll be filling them in

You seem to be the expert around here Di (:p) , and I was wondering if Natwest have paid anyone back for this? I'm at work at the mo and 147 pages of part 4 of this forum is quite a lot to read through when I'm supposed to be working

di3004

kmerc1 wrote: »

Hi Di, thanks for putting my mind at ease saying I may have a case.

I've decided to use a company to help me with my case as I think they're the experts in this, and they're charging 20% if my case is successful. I know there are companies that charge cheaper and everything but the company who I'm going with are recommended by a colleague. The person who I spoke to about my claim sent some forms out to me yesterday, so when I get home tonight I'll be filling them in

You seem to be the expert around here Di (:p) , and I was wondering if Natwest have paid anyone back for this? I'm at work at the mo and 147 pages of part 4 of this forum is quite a lot to read through when I'm supposed to be working

Hiya hun and not a problem.:D "expert lol, "I wish ......:rotfl: , I try to help where I can and the others here as well are cool, Maxdp, Amersall and more......:T , but thanks hunni.:A

Okay in regards of Natwest there have been success with them and some still battling, but if you get the chance to check on the next thread to this one called the "Success thread" there may be a few on there.;)

Maybe when you return home, you will have more time then.


Hope to hear from you again later, and good luck with your cases, hope all goes well for you.;) Good luck.

Di
X

amersall

kmerc1 wrote: »

Hi Di, thanks for putting my mind at ease saying I may have a case.

I've decided to use a company to help me with my case as I think they're the experts in this, and they're charging 20% if my case is successful. I know there are companies that charge cheaper and everything but the company who I'm going with are recommended by a colleague. The person who I spoke to about my claim sent some forms out to me yesterday, so when I get home tonight I'll be filling them in

You seem to be the expert around here Di (:p) , and I was wondering if Natwest have paid anyone back for this? I'm at work at the mo and 147 pages of part 4 of this forum is quite a lot to read through when I'm supposed to be working

hi there, dont want to poke my nose in but there have been a lot of wins on here and all it cost was a couple of stamps in some cases! it is so easy to start off yourself (and if you win you will be 20% better off if i can do it anyone can!) i am not trying to sway you one way or the other but companys only do what you can do, this is only my opinion but good luck with your claim whichever way you go , and please keep us posted

maxdp

kmerc1 wrote: »

Hi Di, thanks for putting my mind at ease saying I may have a case.

I've decided to use a company to help me with my case as I think they're the experts in this, and they're charging 20% if my case is successful. I know there are companies that charge cheaper and everything but the company who I'm going with are recommended by a colleague. The person who I spoke to about my claim sent some forms out to me yesterday, so when I get home tonight I'll be filling them in

You seem to be the expert around here Di (:p) , and I was wondering if Natwest have paid anyone back for this? I'm at work at the mo and 147 pages of part 4 of this forum is quite a lot to read through when I'm supposed to be working

Hi As Amersall says you can do this yourself at no cost. Most of these claim companies take it through the FOS anyway so I have been told.

If you do go with a company find one that charges you nothing and gets the costs from the lender not you. 20% is a lot of money.

Anyway good luck in whatever you do.

maxdp

Hi Di Hope all is well. What a win that man had 34,000 wow.:eek: :T

Anyway have just noticed DOH (not sure how long notice has been up there):o the web site is closed all weekend. What you going to do Di. It will have to be time for a row with OH to fill in the time. Tee Hee:rotfl: x

Di have just posted a msg to the MSE Webmaster asking for help.:)

di3004

maxdp wrote: »

Hi Di Hope all is well. What a win that man had 34,000 wow.:eek: :T

Anyway have just noticed DOH (not sure how long notice has been up there):o the web site is closed all weekend. What you going to do Di. It will have to be time for a row with OH to fill in the time. Tee Hee:rotfl: x

Hiya Max.

I know what an amazing WIN that was fantastic XX

Its been there for a few days, in fact I posted about it on this actual thread the other day lol......:D .
Time to nag the hubby then so I'm sure I will be okay lmao :rotfl: :rotfl: :rotfl: .
I know I will still try to sign in though by forgetting myself and a force of habit:o , with a fishbrain like mine I won't be surprised.....:o lol.

maxdp

Tee Hee. Have edited my post have look.

di3004

maxdp wrote: »

Tee Hee. Have edited my post have look.

arh see it now.......:D
What help is that Max?:D