PPI Reclaiming Discussion part 4

babydoll79

I have PPI for a loan with Welcome Finance although my loan was set up by Loans.co.uk. Could someone tell me if I should reclaim the PPI through Welcome or Loans.co.uk

Cheers

ponddoctor

I have recently been contacted by a PPI claimback company who have assessed that I have good grounds to get PPI back and possibly some credit card and loan balances cancelled. They have charegd a reasonable sum per card, but then the small print states that the solicitors fees are 25% of the sum recovered. This information is not up front and they lure you in and then tell you about it. Are there any cheaper deals available? Should I do it myself?

pinknico

babydoll79 wrote: »

I have PPI for a loan with Welcome Finance although my loan was set up by Loans.co.uk. Could someone tell me if I should reclaim the PPI through Welcome or Loans.co.uk

Cheers

Loans.co.uk

pinknico

ponddoctor wrote: »

I have recently been contacted by a PPI claimback company who have assessed that I have good grounds to get PPI back and possibly some credit card and loan balances cancelled. They have charegd a reasonable sum per card, but then the small print states that the solicitors fees are 25% of the sum recovered. This information is not up front and they lure you in and then tell you about it. Are there any cheaper deals available? Should I do it myself?

Please do this yourself , lots of people on this site will help.

Jman316

PaulinWeston wrote: »

http://www.moneysavingexpert.com/reclaim/bank-charges#interest

Thanks will try this! It definately gives different figures to what the bank provided or what i got....

If a loan is consolidated you still have to pay the full ppi....so do you count the number of months you paid or the full duration it should have run? confused!!!

Jman316

Here are the details of my ppi's

ppi 1 £988.20 + £1664.60
Start date 26th june 01
60 monthly payments: 29 payments made then loan consolidated

ppi 2 £ 1394.40
start date: 04 december 03
48 monthly payments: 46 payments made. I dont know why they think i finished it earlier. i didnt

so heres what they offered
ppi1: £3229.83
ppi2 £ 1831.84

So like i previously asked, finishing a loan early and consolidating one still pays off the rest of the loan and ppi agreed. This is then added to a new loan when taken.

As a side note the bank has offered me £5067 settlement!

Hope this makes sense!!!

nrawlins

Hi,

I just realised I have been paying PPI on a car finance taken out in 2006 through Black Horse.

At the time, I knew nothing about PPI and it was certainly not discussed with me prior to signing the agreement.

This was sold to me by a car salesman and I did not speak directly to Black Horse at all regarding this agreement.


PPI was not discussed and I didn't even know what it was and assumed it was part of the loan.

Do I have good grounds to claim this back as it was sold by a 3rd party (car salesman)... The company is also still in business.


Thanks,

Nick

tiggrae

nrawlins wrote: »

Hi,

I just realised I have been paying PPI on a car finance taken out in 2006 through Black Horse.

At the time, I knew nothing about PPI and it was certainly not discussed with me prior to signing the agreement.

This was sold to me by a car salesman and I did not speak directly to Black Horse at all regarding this agreement.


PPI was not discussed and I didn't even know what it was and assumed it was part of the loan.

Do I have good grounds to claim this back as it was sold by a 3rd party (car salesman)... The company is also still in business.


Thanks,

Nick

yes, very much so, it is the garage who are responsible for the mis selling

pinknico

Yes you do and it is the car company that you complain to.

Jman316

Jman316 wrote: »

Here are the details of my ppi's

ppi 1 £988.20 + £1664.60
Start date 26th june 01
60 monthly payments: 29 payments made then loan consolidated

ppi 2 £ 1394.40
start date: 04 december 03
48 monthly payments: 46 payments made. I dont know why they think i finished it earlier. i didnt

so heres what they offered
ppi1: £3229.83
ppi2 £ 1831.84

So like i previously asked, finishing a loan early and consolidating one still pays off the rest of the loan and ppi agreed. This is then added to a new loan when taken.

As a side note the bank has offered me £5067 settlement!

Hope this makes sense!!!

Sorry i know im annoying with all these questions...but could someone answer this please?