PPI Reclaiming Discussion part 4

di3004

Gareth_Darke wrote: »

So what is the deal with the 2005 reference made in an earlier post? Where can i find information to back up my case?

Thanks in advance

Gareth

Hi Gareth

Just a suggestion, but have you requested a Subject Access Request (SAR), they have 40 days to comply and send everything as requested on the SAR letter template.
There is a charge of £10.00 for this either by postal order or cheque payment, post by recorded delivery, link below to this, but you should receive some useful information within the SAR to help support your case, hope this helps.;)
http://forums.moneysavingexpert.com/showthread.html?t=1475553

HSBC_hater

I have been in contact with hsbc today to cancel my ppi on my loan and was told that the only way to do it was to close loan and reopen new loan. I proceeded only to find that i was offered a different APR 18.9% from 14.9% and would be paying back over £400 more than origanal loan. Needless to say i didn't proceed, i got in contact with complaints department and they verified that this was the only way to do it and should go in branch to see if they can modify APR%. Any tips? Should i go in or just reclaim as i do not require it anymore and is far too much for the life of a 5year loan over £2000.

Gareth_Darke

di3004 wrote: »

Hi Gareth

Just a suggestion, but have you requested a Subject Access Request (SAR), they have 40 days to comply and send everything as requested on the SAR letter template.
There is a charge of £10.00 for this either by postal order or cheque payment, post by recorded delivery, link below to this, but you should receive some useful information within the SAR to help support your case, hope this helps.;)

I have been sent all of the relevant paperwork with regards to the loan and PPI, I have been following the advice given in this forum (which has helped imenseley! Thanks guys!!!). I am just wondering where to go now.

I did sign to say I understood the terms and conditions but this was after a verbal confirmation that I was covered as a contractor. So do I really have a case?

Gareth

di3004

Gareth_Darke wrote: »

I have been sent all of the relevant paperwork with regards to the loan and PPI, I have been following the advice given in this forum (which has helped imenseley! Thanks guys!!!). I am just wondering where to go now.

I did sign to say I understood the terms and conditions but this was after a verbal confirmation that I was covered as a contractor. So do I really have a case?

Gareth

Hi Gareth

This is a common issue in regards of the terms and conds, but remember your reasons as well, they mis sold you going by what you have posted, so I would give it a go and keep on at them, if they do not resolve your complaint, you can always take it to the FOS, more information on reclaiming with letter templates here:;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

amersall

HSBC_hater wrote: »

I have been in contact with hsbc today to cancel my ppi on my loan and was told that the only way to do it was to close loan and reopen new loan. I proceeded only to find that i was offered a different APR 18.9% from 14.9% and would be paying back over £400 more than origanal loan. Needless to say i didn't proceed, i got in contact with complaints department and they verified that this was the only way to do it and should go in branch to see if they can modify APR%. Any tips? Should i go in or just reclaim as i do not require it anymore and is far too much for the life of a 5year loan over £2000.

hi there , you go for mis sell, i would. if you win you get the ppi amount taken off the loan and the loan is put back in the position it would have been without the ppi at the same rate of interest, you will get all the premiums back you have paid to date plus 8% interest, you have a lot to gain and nothing to lose, good luck with this and please keep us posted

di3004

HSBC_hater wrote: »

I have been in contact with hsbc today to cancel my ppi on my loan and was told that the only way to do it was to close loan and reopen new loan. I proceeded only to find that i was offered a different APR 18.9% from 14.9% and would be paying back over £400 more than origanal loan. Needless to say i didn't proceed, i got in contact with complaints department and they verified that this was the only way to do it and should go in branch to see if they can modify APR%. Any tips? Should i go in or just reclaim as i do not require it anymore and is far too much for the life of a 5year loan over £2000.

Hello and welcome.;)

This does seem the way its done now if the loan is still active, but I assumed the rate should be that equal to that or better.

I would recommend though to keep everything in writing and make sure they don't try you to take out anything you may not want, tell them you want to think on it, come back to post here, and then see what others think, good luck.;)

euronorris

Hi All,

Finally received a response from A&L this morning, totally GBP 385.20 (with still one week left for them to respond).

Now, this relates to my 'renewed' loan with them in 2007. It was quickly paid off and replaced by another loan (yeah, yeah, bad choices on my part). From what I can see, the calculation is correct - contains return of premiums, rebate recalculation (early settlement mis-calculation) and the standard 8% interest up to 31 July 2009.

All great!

I have a question now. I had loans with them prior to this period, also with PPI. I thought that this would all be calculated together, but they are obviously trying to avoid that. So.....if I accept this offer, in relation to the 'renewed' loan (as from 2007 only), would I still be able to put a claim in for the previous loans and PPI I had with them?

I want to double check before I accept the offer. Although, am greatly looking forward to applying this to my Virgin CC and getting rid of that high interest b*&^%$d as quickly as possible!

Thanks for the help!

blyth_2

Address for Morgan Stanlet
Hello can anyone give me the address I need for Morgan Stanley?
I know they were taken over by Goldfish, and then I think Barclays.
Thanks

di3004

euronorris wrote: »

Hi All,

Finally received a response from A&L this morning, totally GBP 385.20 (with still one week left for them to respond).

Now, this relates to my 'renewed' loan with them in 2007. It was quickly paid off and replaced by another loan (yeah, yeah, bad choices on my part). From what I can see, the calculation is correct - contains return of premiums, rebate recalculation (early settlement mis-calculation) and the standard 8% interest up to 31 July 2009.

All great!

I have a question now. I had loans with them prior to this period, also with PPI. I thought that this would all be calculated together, but they are obviously trying to avoid that. So.....if I accept this offer, in relation to the 'renewed' loan (as from 2007 only), would I still be able to put a claim in for the previous loans and PPI I had with them?

I want to double check before I accept the offer. Although, am greatly looking forward to applying this to my Virgin CC and getting rid of that high interest b*&^%$d as quickly as possible!

Thanks for the help!

Hi there Congratulations, great work.:T:beer::T

To what I am aware of, yes you can challenge on the other ppi claims as well.;)
If you want to wait for other opinions as well just in case though, all the best.

di3004

blyth wrote: »

Address for Morgan Stanlet
Hello can anyone give me the address I need for Morgan Stanley?
I know they were taken over by Goldfish, and then I think Barclays.
Thanks

Hi there, the address I found was on "Companies House", hope this is the right company here below, there is also a company numkber, if you have any paperwork, this should give you details of the company details/number etc, good luck.;)

Name & Registered Office:
MORGAN STANLEY & CO. LIMITED
LEGAL DEPT
25 CABOT SQ. CANARY WHARF
LONDON
E14 4QA
Company No. 02164628