PPI Reclaiming Discussion part 4

Statto99

Thanks di3004

di3004

Statto99 wrote: »

Thanks di3004

Your very welcome, please just ask if you require help through this.;)

petermb_2

Sweetums01 wrote: »

Thanks,

That's not an option for my because i took the loan out before 14/02/05 meaning they can't help me.

I really am not sure who else i can go to.

There is help out there that is free and was created for cases such as yours.

nunnygirl

di, loan was with the Co-operative and no, it's no longer active.

Does that matter?

di3004

nunnygirl wrote: »

di, loan was with the Co-operative and no, it's no longer active.

Does that matter?

Hi hun

No it makes no difference at all, it just means that if successful they must pay everything you have paid in PPI and the interest directly to you.;)

nunnygirl

Cool

Is it the same with bank charges that OH's got to have a different bank account, because he's banking with the Co-op

THanks for answering all my stoopid questions

Statto99

di3004 wrote: »

Your very welcome, please just ask if you require help through this.;)

Just read through the information that you had posted the link to, very helpful, thank you.

One of the points that I would like to hear your interpreatation on is where it says that if the loan with PPI is still in existence I can't claim. Does this mean I would have to cancel the PPI 1st, and then look to claim back the figure spent on the PPI to date (or part thereof)?

di3004

nunnygirl wrote: »

Cool

Is it the same with bank charges that OH's got to have a different bank account, because he's banking with the Co-op

THanks for answering all my stoopid questions

lol, they are not stupid questions.....:D, we have all been there.....;)

And your welcome, post and ask away anytime, good luck.;)

di3004

Statto99 wrote: »

Just read through the information that you had posted the link to, very helpful, thank you.

One of the points that I would like to hear your interpreatation on is where it says that if the loan with PPI is still in existence I can't claim. Does this mean I would have to cancel the PPI 1st, and then look to claim back the figure spent on the PPI to date (or part thereof)?

I would check the terms and conds of your policy, but many still continue to reclaim on this anyway, but as every finance loan company differ from one to another, some say to take out a new loan to repay the other loan off, but to take the new loan without ppi.
Once this is done, you can reclaim back every penny you paid into PPI, plus the interest.;)

tiggrae

nunnygirl wrote: »

Thanks for the quick reply

If you could point me in the general direction of the template letters I would be gratefully appreciative.


The situation we are in is, I think, quite a weird one, although someone will probably say there is/was the same

My OH took out a loan for £1000 in 2001, after 1 month he "topped up" his loan by £600 (£1600 in total).

He was paying the loan payment for 33 months and he took out another loan for £2600 in 2004, clearing off the balance of the first loan and having some to spend.

He paid the payments for 11 months and he took out ANOTHER loan for £4300 in 2005 to clear off the balance and have some to spend again.

In 2007, after 18 payments on the last loan, he took out yet ANOTHER loan for £5700. He paid 15 months on this loan and we took out one final loan with another company (with no PPI) with a lower APR and lower monthly payments.


On a template letter do I use the date of the first loan, because basically it was the same loan, just topped up?

I am seriously confuddled!!!:rotfl:

just as a matter of interest - who was the loan company for the 2001 loans onwards? - sorry just seen that Di asked the same question and you've already answered it !!