PPI Reclaiming Discussion part 4

di3004

dialysis wrote: »

Thank you to all you wonderful people any help is trully appreciated and a petition is a brill idea where do i sign:beer::j:T:T:T

Hi dialysis

Its a fab idea isn't it?:j:j

Am waiting for MSE Wendy to give the go ahead to do this on here, or point us in the right direction on here, and take it from there.;)

lol, then when sorted we shall all get signing.:D;).:beer:XXXX

deborah46

Hiya,
please can i have some calculation help.

I received a letter from bos stating i was receiving a refund of ppi payment made to a loan i took out in 2004 for £25k. The breakdown as follows.
£20003.39 - settlement figure paid 12/06
£17294.76 - recalculated settlement fig(with no ppi involved)
£2708.63 - overpayment which has been refunded to you.
Another cheque will follow in the next 14 days for £758.60 this is for 8% compensatory interest.

Am i being relly dumb? is the figure of £2708.63 for the 2 years payments of ppi i paid along with the loan or have they not taken this in consideration. It looks to me they have only looked at settlement and not considered the payments i paid with this loan for 2 years before i paid it off.
Any help from Marshallka or anyone doing calcs would be great x
regards
deborah46

showergirl

marshallka wrote: »

What do we do though and what do we call it and also could we ask people on here to sign without getting into trouble with MSE.

Its a situation like dialysis's that shows us just how much this misselling and waiting for payments needs addressing as they are losing their home which causes a tremendous amount of stress to anyone. Its terrible about picture and the length of time people have been waiting. I don't really know how to do this but I am sure someone on here would.

I would sign it. You are right in what you say about the mis-selling and waiting for payments putting stress on people

ananewman_2

Hello

I have asked Direct Auto Finance several times for a Final statement on my insurance complaint but they keep refusing. I have now written to the FOS but I am worried they won't do anything without the Final statement. Is there anything else I can do?

Also I have been waiting over 8 weeks to here from the FSCS about a claim against London Scottish - should I chase them?

I also think a petition is a good idea.. is there a link yet?

mlucyminx

Hi everyone. Havent been on for a while. just thought I would come on to share my update. although I am rather confused after reading news on here that Ocean Finance have gone into liquidation.

I got a call from the adjudicator at FOS saying he is looking at my complaint against Ocean Finance. He asked me a couple of questions and said he will keep me posted. Surely he would have known if they gone bust wouldn't he?

tobione

Hi all, I've been subscribed to this thread for a while now as we have a ppi claim against Picture like so many here. My question is that if the total amount of the ppi is to be paid back to us then would this amount include all future interest as we would in theory be paying this for 21 years in our case?
Also is there anyway we can find out if we are to be paid the full amount & that Target will not get any?

Many thanks all, great thread & keep the faith!

shooby1

hi all i hope you are all well!

hope you can give me some advice, i sent 2 ppi claims of to the royal bank of scotland at beginning of may and recieved a reply back about the current loan offering £750 gratis payment which i refused and sent to the fos, the other account is still with the rbs and i recieved a letter this morning asking for more time to gather information or advising that i can now send this to the fos.

what would you do considering how long the fos take dealing with these complaints.

thank you

pinknico

tobione wrote: »

Hi all, I've been subscribed to this thread for a while now as we have a ppi claim against Picture like so many here. My question is that if the total amount of the ppi is to be paid back to us then would this amount include all future interest as we would in theory be paying this for 21 years in our case?
Also is there anyway we can find out if we are to be paid the full amount & that Target will not get any?

Many thanks all, great thread & keep the faith!

This is only my opinion but I believe if you win your claim you will receive all PPI payments (plus interest?) made to date direct to yourself and that the loan will have the rest of the PPI removed plus the associated interest.

CardiffAntony

I just recieved this letter today from Natwest:

DATA PROTECTIN ACT1998 Loan documentation

Unfortunately on this occassion I am unable to locate the loan documentation for the loan account number 2******2/0****5

For the Data Protection act to apply information which is not stored electronically needs to be held ina certain structured format which is easily accessible. an example of this would be if information was filed in aphabetical order, referring to the name of the customer and then the file itself was broken down into different topics. informationheld in such a structured format is known as a relevant filing system.

Part of your Subject access request, the consumer credit agreement and applications would not generally be held by the bank in a relevant filing system and as such would fall out with the scope of the act-this would mean that you are not entitled to them under the data protection act.

if you have any queries please do not hesitate to contact me on the address shown above.

Any ideas where to go from here, sounds like complete jargon but have they got the right to refuse? I'm still sure I can claim but not sure how

pinknico

"with NatWest and PPI claims if they have loans opened prior to October 2002 then if they have done a SAR they should ask for Archived notes which should include details of loans and PPI if included. " This was the advice I was given, ask for archived notes or complain to the ICO who should help.