PPI Reclaiming Discussion part 4

dreamer33

Also received a letter from the insurers, they state that they cannot assist me for info regarding commission payments and that I need to contact the administrator or I should contact the agent who issued the policy.

Then they go on to say should I have any further problems then write to them with full details of where the policy was taken out, together with any documents I have.

I already gave them the account number and agreement was through FP

marshallka

firstluv wrote: »

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]
A guide here if you have reasons???
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Incipience

dreamer33 wrote: »

Also received a letter from the insurers, they state that they cannot assist me for info regarding commission payments and that I need to contact the administrator or I should contact the agent who issued the policy.

Then they go on to say should I have any further problems then write to them with full details of where the policy was taken out, together with any documents I have.

I already gave them the account number and agreement was through FP

Then you have to force them to disclose it

dreamer33

firstluv wrote: »

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]

Do you have a valid reason for wanting to reclaim the ppi back? eg told you could only have the loan if you took out the ppi?

Have you ever claimed on the PPI?

dreamer33

Incipience wrote: »

Then you have to force them to disclose it

Do I force FP to disclose it? how would I do it?

pinknico

Incipience wrote: »

Then you have to force them to disclose it

Does that mean court and they have to reveal all relevant documentation?

marshallka

Incipience wrote: »

Then you have to force them to disclose it

How would you do that? Force them?



ICOBS only requires a broker to disclose his commission to a commercial client if the client requests it (4.4.1R).


Consumer clients, however, will not be included. There is currently no provision in ICOBS for the disclosure of commission to consumers and the FSA says it has no intention to change this situation.

I take it you mean another way before the the FSA regs...

http://www.out-law.com/page-8927

dreamer33

Sorry not PPI but does anyone know where the saying "sods law" came from:D

marshallka

dreamer33 wrote: »

Sorry not PPI but does anyone know where the saying "sods law" came from:D

Murphy's law is an adage in Western Culture that broadly states, "Anything that can go wrong, will go wrong." It is also cited as:
"Anything that can go wrong, will",
"Whatever can go wrong, will go wrong",
"Whatever can go wrong will go wrong, and at the worst possible time, in the worst possible way",
"If there's more than one possible outcome of a job or task, and one of those outcomes will result in disaster or an undesirable consequence, then somebody will do it that way".
The saying is sometimes referred to as Sod's law

Incipience

pinknico wrote: »

Does that mean court and they have to reveal all relevant documentation?

Court will be the end matter, should they not comply, however you can use the CPR (Civil Procedure Rules) CPR 31.16(3)

http://www.justice.gov.uk/civil/procrules_fin/contents/parts/part31.htm#IDA3CB1B

You can request pre-action disclosure of documents, however it is noted that you should make a reasonable request to the defendant before requesting the court to enforce the discovery.

If the lender/insurer refuses then you would have to complete the form n244 (google it) and include a witness statement, I can give you some examples.

However, please note that this information is now breaching on the lines of unsuitable for open forum discussion, so any other questions regarding this then please PM me.