PPI Reclaiming Discussion part 4

dreamer33

Natalie6999 wrote: »

Today I have asked for help & guidance from you all & except for Marshallka & Showergirl the silence has been deafening.

I realise that I am not part of your little gang but surely we all have a common purpose of wanting to reclaim our PPI?

This is the last time that I will be posting on here, I am fed up with the childish behaviour of certain members of this thread.

Marshallka, Showergirl & Deborah46 I will PM you tomorrow when I calm down a little.

I'm not even going to get involved with this.

bathgatebuyer

booi666 wrote: »

Why dont you put the account in dispute,

Stop paying the loan untill they send you or prove there are the docs you are asking for?

My job requires me to have a clear credit record. If I stop paying and Sainsburys default me, at that point I would have to decalre it to my employers..................face disciplinary................loss of job..................loss of income..................loss of house...............jump off the Forth Road Bridge! Not much chance of finding work in contstruction accounting at the moment so it's not even a calculated risk at the moment, it would be lunacy.

Losing my job is too big a gamble for this. The bank would clearly be wrong to process a default, but they would do it anyway and it would undoubtedly take a year or so to get to the default stage, then have them puruse this through the courts and after having spent the last decade fighting depression and anxieties due to money worries, I'm not sure I would be willig to challenge them on that basis.

I have had an approach from a 'friend of a friend' who runs a finance business and who is now taking on 'no win, no fee' cases involving credit agreements, and if I am unsuccessful with the PPI matters, then I think I'll contact them and see what they can do.

Unfortunately the route suggested by the FOS to resolve this is not one I'm willing to lose my job / career / house / health over.

rkm123

The red are my husbans replies.

FP.The questions I need to ask you relate to Insurance policies that you may or may not have. Separate to what cover you may have with us already and separate to what cover you may have on your mortgage so I just need you to forget about that for a moment.

1) If you were out of work due to an accident do you pay into any separate Insurance on a monthly basis that would repay the loan to First Plus. No
2) anything for Sickness . No
3) anything for unemployment . No
4) Do you have any separate life cover that would repay the loan in full to First Plus... I don't know the answer to that.. FP Don't know, no thats ok, thats fine
5) Do you get death inservice from your current Employer - yes
6) and if you were off ill would they pay you - Yes - FP How long would they pay you for - 6mth Full & 6 mths half pay - FP Brilliant, great
7) and lastly do you have any other financial arrangements like savings plans or policies in place that again if anything was to happen you would be able to repay the loan in full to First Plus - No

Ok I can recommend based on the information that you have provided that First Plus payment protection could assis you with repaying your borrowing ok. In making this recommendation ive not taken into consideration to details of any other existing insurance policies or arrangements you have so this insurance may duplicate your cover in certain areas. ok now a copy of the answers to these questions will be sent to you.

Ok as I said what we would need to do is clear the credit cards and I can give you the five thousand that would be doing a loan of ****for you cards and put the loan over a term of 15 years purely so it will fit within our criteria and that repayment wil be ***, is that alright for you Husband yes it would reduce outgoings
What I need to do now is just explain the costs involved for the loan of **** and the optional payment protection premium ok?
So as I said the total monthly repayment will be ****, I will break that down for you
Payment for the loan is £***
Payment protection is £***giving you that total monthly repayment of **** payable for 180 months. It includes insurance premium tax at the current rate. Are you happy with my recommendation that you take out the Payment Protection Premium Husband yep - FP Brilliant ok - what I will do then is pop these documents out in the post for you.

(This next bit is said really fast) Ok before I send the documents I just need to run you through the insurance very quickly, ok so that you are fully aware of what Im doing ok. So you have applied for First Plus payment protection that could protect your payment in accident sickness involuntary unemployment, hospitalisation or death. It does not cover any medical condition that you know about at the start of your policy or saw a doctor about in the 12 months immed before the start of the cover, involuntary unemployment that you knew about before or occurs in the 60 days before the start of the cover. The cover lasts for the first five years of your loan and after this if you keep within the loan T& C and not made a successful insurance claim you can claim a cash back refund of the whole premium from FP. However if you settle your loan or cancel your insurance before the end of the 5 yr term you will not get a full cash back refund, the amount will not be proportional, it will be significantly reduced and will not include a refund of the interest paid on the premium, examples of the amounts that you would get back if you settled early would be advised in the documentation. The cost of the policy is added to the loan amount however our loans are not dependant on you taking any insurance offered.

bathgatebuyer

pinknico wrote: »

Thats the answer I got Bathgatebuyer, What a waste of your time. They better get back your PPI.

I hope so too. It's been a long, frustrating and ultimately disappointing wait to get an answer from them. Certainly some of the things they have said appear to contradict what the OFT letter to me said. Of course, I'll write and thank the OFT for their consideration, point out their errors and pin all my hopes on a PPI decision in my favour.

Incipience

Natalie6999

Unless you can get to the bottom of who the responsible party is then I dont see how anyone can help.

If they are passing you back and forward pick one and go after them, essentially they all are responsible.

SAR them all if in doubt and find out who sold you the PPI. I would love to stay on these forums 24/7 but it just aint possible, I have other commitments.

So cases are not Black & White and therefore instead of giving you the wrong advice people tend to sit back and wait till someone with the right information comes forward.

Getting the wrong information can lead you too months of chasing your tail.

booi666

bathgatebuyer wrote: »

My job requires me to have a clear credit record. If I stop paying and Sainsburys default me, at that point I would have to decalre it to my employers..................face disciplinary................loss of job..................loss of income..................loss of house...............jump off the Forth Road Bridge! Not much chance of finding work in contstruction accounting at the moment so it's not even a calculated risk at the moment, it would be lunacy.

Losing my job is too big a gamble for this. The bank would clearly be wrong to process a default, but they would do it anyway and it would undoubtedly take a year or so to get to the default stage, then have them puruse this through the courts and after having spent the last decade fighting depression and anxieties due to money worries, I'm not sure I would be willig to challenge them on that basis.

I have had an approach from a 'friend of a friend' who runs a finance business and who is now taking on 'no win, no fee' cases involving credit agreements, and if I am unsuccessful with the PPI matters, then I think I'll contact them and see what they can do.

Unfortunately the route suggested by the FOS to resolve this is not one I'm willing to lose my job / career / house / health over.

Has it ever occured to you that while in dispute they cannot put adverse info on your credit file,if they do they are committing an offence

And the credit agencies have to check that the info they are given is correct


If not they are breaking the law

And i pressume your on scotland:rotfl:

rkm123

Now I didnt know about this premium until I pulled the paperwork out a couple of weeks ago. Husband was horrified and obviously hadnt taken in what she was saying.

At no point were any questions raised as to whether I was employed/unemployed even though I am on the insurance policy. I am not the major wage earner and am self employed.

He was told that the premium would be added to the loan but not that interest would be charged on this for the whole period.

He is told he can claim a cashback refund of the whole premium - no interest is mentioned or whether that can be claimed back

We have life insurance policies

It was all said so fast i doubt it all had time to sink in!

Incipience

bathgatebuyer wrote: »

My job requires me to have a clear credit record. If I stop paying and Sainsburys default me, at that point I would have to decalre it to my employers..................face disciplinary................loss of job..................loss of income..................loss of house...............jump off the Forth Road Bridge! Not much chance of finding work in contstruction accounting at the moment so it's not even a calculated risk at the moment, it would be lunacy.

Losing my job is too big a gamble for this. The bank would clearly be wrong to process a default, but they would do it anyway and it would undoubtedly take a year or so to get to the default stage, then have them puruse this through the courts and after having spent the last decade fighting depression and anxieties due to money worries, I'm not sure I would be willig to challenge them on that basis.

I have had an approach from a 'friend of a friend' who runs a finance business and who is now taking on 'no win, no fee' cases involving credit agreements, and if I am unsuccessful with the PPI matters, then I think I'll contact them and see what they can do.

Unfortunately the route suggested by the FOS to resolve this is not one I'm willing to lose my job / career / house / health over.

Bathgatebuyer.

If your account is in dispute, bank must follow the banking code and not register any information on your credit file.

As for your employers, I would assume you are working in finance or a gov position. The reason for the disclosure is to ensure that you are not liable to do any harm, like go off the wall and start trading secrets or something like that.

When I worked for Clerical Medical and Halifax and a few other Gov Contracts, I was told the same.

These companies wont fire you, especially in cases of disputed accounts.

That being said, I know of a company that works in some cases (no win, no fee) that I can suggest, they are specialist, but dont advertise the PPI side of things, they have some great and inteligent people working for them, and they are a wealth of information for be to bounce ideas off of.

However.. that being said, you should never just stop paying, unless of course you have a court date. The reason being is that once you have a court date, your account is in dispute officially, and you can then send a copy of the court details to the CCA's who will HAVE to freeze your account, so nothing can be registered against it.

Some CCA's will also freeze your account if you tell them that the account is in dispute and that you add a note to your file stating that the account is in dispute..

I would suggest that to anyone, who is disputing against a company, to get the CCA to add a note to that affect on your file. (covers your !!!).

bathgatebuyer

booi666 wrote: »

Has it ever occured to you that while in dispute they cannot put adverse info on your credit file,if they do they are committing an offence

And the credit agencies have to check that the info they are given is correct


If not they are breaking the law

And i pressume your on scotland:rotfl:

Hi - yep, well aware of that. I've been telling them that since April 07 that they are breaking the law!!!! However, in that time they have continued to add information about me on the files held by CRAs. There's no reason for me to think they would listen now.

What I think would happen if I stopped paying is that they would pursue me for debts. I would say, "I'm disputing this over the paperwork you have failed to provide", they add lots of little 1s, then 2s, then 3s and ultimately a default onto my credit record despite me telling them not to. (This would take about 4 or 5 months)

At this point, I would have to declare this to my employers who would probably take disciplinary action. My credit history and 'sound financial standing' is a condition of my employment with them. I could lose my job with them.

Some months later or even a year or so after stopping payments, I would be taken to court. At that point I may or may not have a job. I certainly would have a battered credit record. The sheriff would consider the case and if he found in my favour, the year or so of arguing with Sainsburys could be over and done with. If he finds in their favour, I have no job, a default against my name, a sacking on my CV and probably back living with family because I have lost my income.

I know that Sainsburys are and would be breaking the law by continuing to process data about me, but they've been doing it for nearly two years now with me! A retrospective apology and a retraction would make no difference to me if I lost my job - the impact on my health for fighting them for another year, and having the additional pressures of 10 or so calls a day pursuing for money (and yes, I know they are not allowed to do so as it amounts to harrassment but they ignore those letters too!). I'm not lucky enough to live in a two income household. I support myself. If I don't work, I can't pay my mortgage, so I would lose the roof over my head.

Having battled depression and the feelings of being a complete failure (it's a self-esteem issue!) over the last decade, the one thing I do take great pride in is having a lovely home and a career I've worked hard for. It's one of my few successes in life. Take that away and I'm not left with much. Sainsburys aren't worth feeling suicidal for.

misslou_2

Hi there,
I'm really sorry if this is replying in the wrong thread, but basically I was paying PPI for the whole time I had a Halifax credit card and never claimed. I've since closed the credit card, I had three different cards due to Fraud, so on the template letter I don't have an account number? I also had numerous charges of £12, but have no records of them. Does anyone have any advice? Much appreciated!! x