PPI Reclaiming Discussion part 4

Incipience

karenjane wrote: »

Hi all... just to ask is it worth calling the company first to see if they can advise over the phone... i had a lona with egg between 2001 and 2006 and had a loan payment protection lump sum on it.. cant remember if i agreed to it or how it was sold to me!...

Make sure you either record the call or take detailed notes, as when you write to them afterwards you should refer and document issues in the call, so as to keep a complete paper trail.

Write a list of question you want to ask, and try to stick to those questions, and note the response..

Now when you write to them transcript the call, and then ask for clarification on any point you do not understand.

dreamer33

showergirl wrote: »

If the FOS are going after Tesco PF do you think there may be a good chance that we may get a goodwill gesture as now Tesco PF are independent they will not want any black marks against their name.

I can always live in hope:rotfl:

Lol I'm not too sure about that one :rotfl:

Incipience

really need a spell checker when doing these long posts..

nee-naw

Hey Turboman ........ loved the post, but it was originally an Irishman's letter to his employer for being off sick!!!!! If this is your cousin, I have calculated from my first recollection of this, that your cousin has to be 90+ years old!!!!

Aggy_2

Arghhhhhhhhhhhhhh........!!!

The ombudsman gave lloyds a deadline of tuesday 3rd of February to response to my PPI case which the ombudsman found in my favour. As of yet there has been no comment from LLoyds who have appeared to ignore the ombudsman completely. Spoke to the Ombudsman this lunchtime and he has assured me that they will get a response from Lloyds I just have to give them another two weeks, if they don't then they will be getting punished, he didn't explain what the punishment was though.

Is this their new tactic, just ignore everything.?

marshallka

Incipience wrote: »

Marsh there is a difference between giving real advice, and sharing experience. As you give advice on experience, then you only base that advice from your own experience.

I personally have fought and lost, however I have also fought and won, however no two cases are rarely ever the same, what works for one, may not work for another. However one thing that we can not deny, is that of the law.

I would bet that those using these template letters, on the law of average some are likely to get a result whilst the majority will not. Some people come on here just for the sake of trying to get back money, because everyone else is.

The cases in which people are generally wronged are the cases most likely to be contested.

Personally I can only share my experience, and that of the experience of others, I am in my first year law degree, so no I can not profess to know it all, however I know that if you can create enough reasonable doubt then your chances of succeeding are greater than those who just send template letter with no real arguments or proof.

I am luckier than most because I do have access to a wealth of resources and hold secure think tanks, on my site. I have said it all along that holding open discussions on tactics in an open forum is futile as you are giving the lenders strategic information as to what is working and what is not, what banks are loosing and those that are winning.

I note you saying that you want to be better equipped, however unless you have an understanding of the law and how it applies, you are not equipped. You have tried and you have failed. While others have tried and won. This by no means says that they done anything significantly different, its just the way the system works.

You have went after the broker, went after the lender and now the insurer. It is clear that there are issues to which you have not addressed, and you would be better off seeking legal advice.

If I could say to EVERYONE, that the FOS is only one route, and not the best route at that.

If everyone just went to the FOS, then the usefulness of the FOS would quicky dissapear, you can see it now whereas they are having delays of upto a year now, and even then you could wait another year if the lender contests it.

You have to ask yourself why are you doing this on your own, because it is not to save money, it is more to do with giving you purpose. The thought of beating a big lender is intoxicating for some, and it blinds them to the whole purpose of why you are fighting.

The facts are that some can spend year fighting and get nothing, and loose more than they realise. If you had to add up the hours spent on here and the time spent fighting your own case, you would have most likely lost more in time that the cost of the policy. So instead of loosing one lot of cash, you indirectly loose another.

This is your life, and it is a short one at that, why spend it fighting when you could simply pass it over to a professional who does this for a living.

I understand that it is great to help others, and there is a satisfaction that comes from that, but remember why you are here. It is to win your own case, ultimately.

This information is a wealth of knowledge to you, and rest assured that it is also a wealth of knowledge to the lenders. It is therefore essential to have a united front as to what is legally correct, instead of mis-information that is being fed from members who may in fact be the lenders themselves. Yes, they do, do that.

I mentioned before, take a clinical approach, use the information available but dont rely on it, always seek professional advice, if you dont understand it.. simply dont just send a letter of take action based on what someone has said.

You should treat information here, much the same as you would from a lender, DONT BELIEVE UNTIL YOU CAN VERIFY, and ultimately understand.

If someone mentions, Agency Law, then learn about agency law and how it applies to your situation.

Finally. I will say this, the Lender can be held responsible for the actions of a broker. Yes it is true, despite what they tell you. Now what I would suggest you do is talk to PeterMB or I am happy to give you details of a specialist firm who will give you some free advice.

Now you can take the lenders word without justification or evidence that they are not responsible, or you can take the word of law, that they are.

Oh yeah, I know I lost mine. I first went to the broker, no joy there:rotfl: , they were in Gibraltar (gosh that was hard one and knowing NOTHING about their laws either, agency etc. I just wouldn't have stood a chance!!!) and then the Insurer of which I am waiting for the final response and FOS have told me that is definately within their jurisidiction. Just the lender now.;)

Got to get lucky with ONE of them haven't I. All three would have been nice though!!!!!!!!!!!!!!!!!!!!!!

I admit I have not won anything yet???????????????

nee-naw

Aggy have noticed that most of the experts are off-line at present, but sure they will reply soon. Can't believe that LLOYDS have just ignored ombudsman, but it seems it made your case so much easier!!

Turboman

nee-naw wrote: »

Hey Turboman ........ loved the post, but it was originally an Irishman's letter to his employer for being off sick!!!!! If this is your cousin, I have calculated from my first recollection of this, that your cousin has to be 90+ years old!!!!

Thanks--I'll probably get my knuckles rapped for going non-serious though-lol

Gerald Hoffnung did a good recording of it in the 50/60's at Oxford Uni.

If I remember rightly-I posted links when I did it here

http://www.penaltychargesforum.co.uk/showthread.php?t=19939

firstluv

hi i posted this yesterday can anyone help

hadnt really bothered to claim for PPI as when I tried to claim for bank charges did not get anywhere with Halifax. I took out £10,000 loan in Jan 2006 i have been paying £248 per month!! this includes the PPI, I am trying to catch up on how I can go about claiming for the PPI, please feel free to help me out what i need to say in the letter, the address to send it to, do I have to calculate any of the interest etc so to send them the exact amount they should refund or I just wait for them to do the calculations? I hadnt received a statement until this monday when I looked at it i was shocked at the interest charges on the statement, i have the loan agreement letters plus the statement sent do I need anything else

your help is greatly appreciated[/quote]

marshallka

Aggy wrote: »

Arghhhhhhhhhhhhhh........!!!

The ombudsman gave lloyds a deadline of tuesday 3rd of February to response to my PPI case which the ombudsman found in my favour. As of yet there has been no comment from LLoyds who have appeared to ignore the ombudsman completely. Spoke to the Ombudsman this lunchtime and he has assured me that they will get a response from Lloyds I just have to give them another two weeks, if they don't then they will be getting punished, he didn't explain what the punishment was though.

Is this their new tactic, just ignore everything.?

It could be compensation for distress for yourself.

http://www.financial-ombudsman.org.uk/publications/technical_notes/distress-and-inconvenience.htm