PPI Reclaiming Discussion part 4

marshallka

andy2005 wrote: »

hi all new to this site ie.. today !!! i took out a loan with lloyds TSB last year £7,500 ppi is £2,2299.98 !!.. i ruptured my achilles tendon last w/end and will be off work for a least 3mths , on looking at this site am i better claiming the ppi back thats if i can ??? or claiming on the policy i have rang the company and they have sent me a claim form but i am wondering what to do ? sorry if this has been gone thru before or on the wrong forum but any help apprechited,
regards ...

Hi and welcome,
It would be entirely up to you but what reasons would you state for misselling? If you can use it then you cannot claim it was not of any use so be careful how you word your claim if you are going for the reclaiming.

There is guide here that may be of help in your decision

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

If you need any more help just shout away...;)

marshallka

kelbobs wrote: »

hello - ive been waiting for 9 weeks for a proper response from northern rock. I have had 3 letters from them saying they 'are gathering all required information regarding sale of the policy' - but this seems a long time. Their last letter suggested I could contact FOS. Wot do u think?

You have to give the firm 8 weeks anyway for a full and final response but if you get a final response in the meantime you are free to take to the FOS OR if they go over the 8 weeks time since first complaining then you can take this to the FOS also.

marshallka

Deleted_User wrote: »

I managed to get paid out on my London Scottish loan but the one before 2005 the FSCS cant help with. IS there anyway I can claim that one back as well?

If the firm is now done and dusted then the only way really would be to contact the solicitors etc dealing with the creditors I would think if the FSCS cannot help. SOrry to have not been much help and i really have sympathy with cases like this. Its annoying that the FSCS cannot widen their jurisdictions.

Tommy144

Hi, I have only just found this site today, where have i been all this time!, and just wondered if anyone can help please. I think I might have valid claim on a personal loan that I took out in Feb 2008. My husband is self employed and I am employed. He is the first customer on the Personal Loan Protector which I am led to believe is making the insurance not valid? I am going to read all the info on the main pages but as I have just come across this forum, I thought I would ask here as well. The loan was for £25,000 over 84 months with Nat West.

Thanks

di3004

Tommy144 wrote: »

Hi, I have only just found this site today, where have i been all this time!, and just wondered if anyone can help please. I think I might have valid claim on a personal loan that I took out in Feb 2008. My husband is self employed and I am employed. He is the first customer on the Personal Loan Protector which I am led to believe is making the insurance not valid? I am going to read all the info on the main pages but as I have just come across this forum, I thought I would ask here as well. The loan was for £25,000 over 84 months with Nat West.

Thanks

Hi and welcome.;)

Well worth checking your policy details as well, as some will cover for self employed, it can vary from one bank to another.
If you do not have these I'm sure NATWEST will provide them to you on request.

I would also check here for more info, as there are many reasons for mis selling, good luck and if you require any help, then please post up.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

marshallka

Tommy144 wrote: »

Hi, I have only just found this site today, where have i been all this time!, and just wondered if anyone can help please. I think I might have valid claim on a personal loan that I took out in Feb 2008. My husband is self employed and I am employed. He is the first customer on the Personal Loan Protector which I am led to believe is making the insurance not valid? I am going to read all the info on the main pages but as I have just come across this forum, I thought I would ask here as well. The loan was for £25,000 over 84 months with Nat West.

Thanks

If your only reason for misselling is that your hubby was self employed then you have to be careful using this as a misselling reason as quite a lot of policies actually do cover self employment. You would have to look through your terms and conditions of the PPI and see if it states about paying class 2 and 4 NI and if you are then you are usually covered.

There is reclaiming guide here may be of help

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

di3004

lol, we posted the same time Marshallka....:D

Tommy144

di3004 and marshallka for you advice and offer of help.

I think I need to read those links first and also contact the bank as I can't find the full terms and conditions so I will see how I get on with that first.

Thanks again.

di3004

Tommy144 wrote: »

di3004 and marshallka for you advice and offer of help.

I think I need to read those links first and also contact the bank as I can't find the full terms and conditions so I will see how I get on with that first.

Thanks again.

Your very welcome.;)

Yes do check the policy over just in case, but also check on the mis selling checklist on the link that both Marshallka and myself posted in our posts above, as there are many reasons that may also occur to you, even if the stated reason does not apply in your case.

Please keep us posted, all the best.

Lorraine_Davies_2

amersall wrote: »

hi there, claims have ben won going back a great number of years, last week i won ppi on a loan from 95 and someone on here won a credit card from over 20 years ago!! i think you need to go to fscs with this, but i am not too sure as mine was paid back after the first letter. someone will be along soon who will let you know what the next stage will be.sorry i cannot be more help

Thanks for that info - prob send a reply saying I dont accept their response and then try Fscs. Its worth a try - can't loose either way. Thanks