PPI Reclaiming Discussion part 4

pammie39

hello everyone
haven't been on here for a while, other problems, so on a different foram (but same great site).
i was about to say that i have given up on ocean finance ppi claim, but just noticed a post from -jadest-. i cant find the original post, so if someone can tell me more about this i would be greatfull.

jadest---hi what is happening with your claim, as i was told OF were in liquidation, so no claim to be made

cheers all



p.s-- could someone tell me how to get one of those signature things at the bottom of your posts (sorry i know its off subject)

pinknico

Hello Pammie, if Jadest doesnt get back to you, click on her name in her post and it will say "see all posts by jadest" click on this and you will find her posts about Ocean,
To do your signature at the top of this page click on "USER CP" click on this and you can write what you want , preview it and then save it.

rosemahairy

What a lovely day it is today. My chickens have hatched and the fat lady is singing. I have been complaining against miss sold PPI on Welcome finance since Feb 2008. Got a big fat cheque today for over £2980....wahey!!! They have sent a break down which i have still to check thru but it seems about right and it includes £200 compo for the trouble. Cant believe it thats me done now debt free!!!!! Just my mothers to sort out now. Im off to the pub to celebrate....
Cheers everyone x:j

cot1198

jadest wrote: »

Hi all,

Today I phoned FOS Adjudicator re: my claim against Ocean Finance. She said that she had investigated the case and it was all ready to be relaesed but then they had instructions to put all claims against ocean finance on hold pending them making a decission about all there claims. They are having a re-think about what they are going to do...

I was wondering if this had happened to any-one else? and if there is a set time for cases to be put on hold?... or could this go on for a long time?

Any info at all will be greatly appreciated

Thanks

Hi I have two cases with FOS about Ocean that are yet to go to an adjudicator. Could this be god news or bad news?? I don't really know, I have not heard anything from the FOS about this myself.

cot1198

pammie39 wrote: »

hello everyone
haven't been on here for a while, other problems, so on a different foram (but same great site).
i was about to say that i have given up on ocean finance ppi claim, but just noticed a post from -jadest-. i cant find the original post, so if someone can tell me more about this i would be greatfull.

jadest---hi what is happening with your claim, as i was told OF were in liquidation, so no claim to be made

cheers all



p.s-- could someone tell me how to get one of those signature things at the bottom of your posts (sorry i know its off subject)

Hi I have two calims going about Ocean finance and mortgages who are a different company to Ocean Finance who I think are in liquidation

pinknico

Congratulations Rosemahairy.x

di3004

Gucchi wrote: »

Hi everyone

When I took out my credit card 6/7 years ago I said it was only for emergencies. I tend to use it couple of times every few months, and when I do use it I pay off in full at the end of the month (when I get paid). I have always had PPI - although I didn't notice it at 1st (I cant remember application) when I queried it my bank said it is insurance against unemployment and that I needed it.
Seeing as I rarely use my card and never leave debt outstanding on it, is PPI of any benefit to me?

Thanks,
Paul

Hi Paul and Welcome.;)

You say you did not notice the PPI at first?
If this is the case it was possibly mis sold to you anyway as they added it without your knowledge.

And I see your point as well.
For more information on PPI reclaiming check here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

You will find a list of checklist of mis selling reasons, if they also occur to you as well as your above stated reasons then write to them, they have 8 weeks in full to respond.
There are also templates in the above link, use them as a guide if you want to.
Post by recorded delivery.

Keep at them until they resolve in your favour, or until they issue you with the final decision, in the final decision they should give details of the financial ombudsman service (FOS), you can take your complaint to these if your not happy with the outcome of your complaint.

Good luck and post up for further help if required and please keep us posted.;)

Di

pammie39

HI THANK YOU GUYS

thanx pinknico, info worked
thanx cot1198, looking into OF again,but the loan was with them not OF and MORTAGES. no harm in still looking

markyg1001

Hi,

Was wondering if anyone thinks i may have apotential case for a missell?

In 2006 i tookout a Personal Loan with Northern Rock for £16k, i beleive over 5 years, and took PPI. After a few months i relaised the repayments were unmanagble and phoned NR to see if i could extend the length of the Loan to 10 years to reduce the monthly payments.

This was fine, however I did have to take an addional £500 on top of the existing loan as part of the refinancing. Again PPi was offered and I accepted, however on the same call after the Loan had been agreed, but before I had signed any paperwork, I asked if I could have a quote without the PPI, to which I was told the application would have to be reprocessed, with another credit search being performed and the potential that the second application could be declined.

As the new monthly payment was a lot more managable and as I was also in the process of remortgaging, i decided I would be better just taking what was offered.

However lookign back now, and at other theads it would seem that I shoudl have had the option to opt out of the PPI with no effecton my application. Im guessing the PPI is around £50 a month on top of the repayment and im now 3 years down thre line with it, and obviously would like to know if it is possible to remove it now without having to refiance elsewhere, and if id be entitled to any rebate based on the above?

di3004

markyg1001 wrote: »

Hi,

Was wondering if anyone thinks i may have apotential case for a missell?

In 2006 i tookout a Personal Loan with Northern Rock for £16k, i beleive over 5 years, and took PPI. After a few months i relaised the repayments were unmanagble and phoned NR to see if i could extend the length of the Loan to 10 years to reduce the monthly payments.

This was fine, however I did have to take an addional £500 on top of the existing loan as part of the refinancing. Again PPi was offered and I accepted, however on the same call after the Loan had been agreed, but before I had signed any paperwork, I asked if I could have a quote without the PPI, to which I was told the application would have to be reprocessed, with another credit search being performed and the potential that the second application could be declined.

As the new monthly payment was a lot more managable and as I was also in the process of remortgaging, i decided I would be better just taking what was offered.

However lookign back now, and at other theads it would seem that I shoudl have had the option to opt out of the PPI with no effecton my application. Im guessing the PPI is around £50 a month on top of the repayment and im now 3 years down thre line with it, and obviously would like to know if it is possible to remove it now without having to refiance elsewhere, and if id be entitled to any rebate based on the above?

Hello and welcome.;)

In my opinion I think you have a case here and yes you should have been given the option as well.
Go for it I say.

Write to them with your reasons, they have 8 weeks in full to respond, keep at them until they resolve or send you a final decision, the final response should also give you details of the financial ombudsman service (FOS), you can take your complaint to these if your not happy with the outcome of your complaint.
More info on link here with templates:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Good luck, and post up for more help if required and please keep us posted. Cheers.;)

PS: post by recorded delivery as well.