PPI Reclaiming Discussion part 4

marshallka

stellaboy wrote: »

Anybody have a list of credit card companies who have been fined by the FSA for miss-selling ppi please

Who are you specifically asking about? Perhaps someone will know. I think about 20 (cannot be sure though) have been fined so far for PPI but not all for credit cards.

stellaboy

marshallka wrote: »

Who are you specifically asking about? Perhaps someone will know. I think about 20 (cannot be sure though) have been fined so far for PPI but not all for credit cards.

abbey, morgan stanley, halifax and monument thats the ones im going after

marshallka

stellaboy wrote: »

abbey, morgan stanley, halifax and monument thats the ones im going after

As far as i am aware none of the above have been fined for misselling (others may be along to confirm this) but this should not affect your complaints to them if you have any. Just go for it.

stellaboy

marshallka wrote: »

As far as i am aware none of the above have been fined for misselling (others may be along to confirm this) but this should not affect your complaints to them if you have any. Just go for it.

ok thanks for your help:j

di3004

stellaboy wrote: »

ok thanks for your help:j

Hi stellaboy, I agree with Marshallka, even if the business have not been fined, you can still try to reclaim if mis sold for any reason, so give it a go, good luck.;)

barloo69

stellaboy wrote: »

Anybody have a list of credit card companies who have been fined by the FSA for miss-selling ppi please

Have a look at http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#exposed halfway down in one of the green boxes you can click on fined providers.

Hope this helps.

chellie2009

hi good day!previous week i think 3 weeks ago i written here that i have sent a letter to my bank to claim my PPI. Hsbc have written back to me saying "that i need to visit a local branch to restructure my loan, and will arrange a new loan without protection and for the outstanding balance on your existing loan to be repaid. The new loan will be on the same basis with the interest rate being honoured and term scheduled to coincide with the term remaining on the original loan"
Can anybody explain to me clearly of what does the bank is trying to say here?for what i understand they want me to get a new loan to pay off my existing loan and then do not take PPI for the new loan?what would happen to the claims i have made?can please help me and enlighten me for what further things to do here.thank you for your time

pinknico

You need to be careful here, sounds like they are just removing the PPI, not giving you a full refund of the PPI already paid. Have they given you any calculations?

chellie2009

pinknico wrote: »

You need to be careful here, sounds like they are just removing the PPI, not giving you a full refund of the PPI already paid. Have they given you any calculations?

they give me a new calculations that would be:my existing loan+credit card+overdraft for 15.5%APR for 3yrs to pay.do you think its reasonable?
but in some condition..they are going to decreased my credit limit to 1500 as well as my overdraft to 300..

chellie2009

one more thing they already have approved it just waiting for my go signal to push thru with it.