PPI Reclaiming Discussion part 4

di3004

clarkygirl wrote: »

Hi am new to all this so would be grateful to any info.

I took out a Capital One credit card about 12 years ago and have been paying ppi on it from the start. I am not sure what I put down at the time as my employment. Is there any way of finding out? I am sure I may have been on benefits at the time, or working a few hours a week. I am sure I applied by post, but at the time I was grateful of any credit.
Then a few years later I applied for an Egg Card and have been paying ppi on that one too. I have never been in full time work in these 12 years as I have been a stay at home mum or just worked a few hours a week in a playschool.
What are my chances of getting anything back? And how can I find out what I actually put on my application form.

Please help

Hi there
As Maxdp says, go for it, for more info with the guidelines of reclaiming, with template letters, check this link here, and please ask for help if required, good luck.;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

tiggrae

clarkygirl wrote: »

Hi am new to all this so would be grateful to any info.

I took out a Capital One credit card about 12 years ago and have been paying ppi on it from the start. I am not sure what I put down at the time as my employment. Is there any way of finding out? I am sure I may have been on benefits at the time, or working a few hours a week. I am sure I applied by post, but at the time I was grateful of any credit.
Then a few years later I applied for an Egg Card and have been paying ppi on that one too. I have never been in full time work in these 12 years as I have been a stay at home mum or just worked a few hours a week in a playschool.
What are my chances of getting anything back? And how can I find out what I actually put on my application form.

Please help

you can apply to them both for a subject access request, it costs £10 so send a cheque - they may not have retained it as it's 12 years ago but if you were not employed the insurance would have been useless to you - so you've been paying for an insurance you couldn't claim against so you have a good claim - your may problem may be how long ago it all took place

ric76

have 2 loans that have both been sold with single premium ppi can i claim the ppi back, if so do i have to cancel the ppi first?Is being sold single premium ppi enough on its own to make a claim? one of the loans is from 06 and the other is from 07. All advice would be very welcome

di3004

ric76 wrote: »

have 2 loans that have both been sold with single premium ppi can i claim the ppi back, if so do i have to cancel the ppi first?Is being sold single premium ppi enough on its own to make a claim? one of the loans is from 06 and the other is from 07. All advice would be very welcome

Hi there

If mis sold for any reason then yes, you should give it a try.
There are many reasons, and being sold these single policies are a right rip off, but if there are more reasons that also occur to you as well then write them in your letters as well.
It the loans were/are with the same bank you can keep to the same letter, if mis sold for the same reasons, but remember to write both account numbers at the top of your letter.

Or otherwise if different banks, do them separately.

For more info on reclaiming - with the guidelines of reclaiming, a checklist of mis selling reasons and this includes template letters, check this link here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

If you require any help, please post up.

In regards of cancelling, as its after the cooling period, your loan may not be reduced by very much a month, of course its your choice if you want to do this now or later on.

Good luck.;)

amersall

ric76 wrote: »

have 2 loans that have both been sold with single premium ppi can i claim the ppi back, if so do i have to cancel the ppi first?Is being sold single premium ppi enough on its own to make a claim? one of the loans is from 06 and the other is from 07. All advice would be very welcome

hi there, i agree with di if you cancel this ppi, because it was a single premium this will still be on your loan and you do not get large rebate also your payment doesnt go down by much. who are the loans with?

maxdp

amersall wrote: »

:hello::hello:hi max., long time no speak. how are you? missed you xx

Hi Amersall:j:j

I am fine thank you. How are you doing? Any news to report?

ric76

the loans are with beneficial finance and the co-op bank i know that beneficial have been fined ,what i would like to know is ,being sold as a single premium on top of your loan and then having interest on top of both is this a good reason to claim the premiums back

di3004

ric76 wrote: »

the loans are with beneficial finance and the co-op bank i know that beneficial have been fined ,what i would like to know is ,being sold as a single premium on top of your loan and then having interest on top of both is this a good reason to claim the premiums back

Hi there
Yes this is fine.
And of course being sold a Single policy for example which would only cover you for 5 years for a loan of say 20 years, this type of policy are now banned and are frowned upon.

If they did not explain to you the full cost of the policy, exclusions, the list goes on, with the interest added its very extortinate indeed.

Go for it, good luck.

clarkygirl

Thanks for the advice. Will start the ball rolling on them both. Should I cancel the ppi on them now? I am still using the capital one card but the Egg one has been payed off recently so it has zero balance.

Many thanks

amersall

maxdp wrote: »

Hi Amersall:j:j

I am fine thank you. How are you doing? Any news to report?

hi max, nice to hear from you, not a lot to report. company i worked for went into liquidation sept so i am without work, but i am not complaining at the moment!! its nice to have a rest. glad your ok xx