PPI Reclaiming Discussion part 4

Addison_2

MBNA

I received a copy of my credit agreement today and I haven't ticked the box saying that I wanted PPI although this was charged to my account which thankfully is now paid off. Could anybody help me with the wording of a letter stating that I would like all my payments back, should I include figures on the letter etc, as I still have all my statements. Any help would be appreciated.

di3004

Addison wrote: »

MBNA

I received a copy of my credit agreement today and I haven't ticked the box saying that I wanted PPI although this was charged to my account which thankfully is now paid off. Could anybody help me with the wording of a letter stating that I would like all my payments back, should I include figures on the letter etc, as I still have all my statements. Any help would be appreciated.

Hello there

I would take a photocopy of your agreement and any statements that prove that you were still paying out for the PPI, to enclose with your letter.
You can of course use the template on the link below if you want to, or a as a guide.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance


First of all refer to the letter template one to give you an idea.

In your case I would write something like this:
"I note on my agreement I have not opted or ticked to accept the Payment Protection Insurance, but have been charged for this, I have enclosed copies of my agreement and statements for your records.

I request that you refund me all of the PPI I have paid on the loan/credit card, plus the interest, also the 8% interest of what a court would award.

(Then refer back to the template letter in the above link).

I would not worry about writing the amounts down, but its handy that you do have the statements, where this can be worked out, and if they make an offer, you have these amounts to compare to.

Check out the above link and if you require any further help from there, please just yell, good luck.

I would also suggest that you post by recorded delivery as well, this is yourn proof of posting.;)

Addison_2

di3004 wrote: »

Hello there

I would take a photocopy of your agreement and any statements that prove that you were still paying out for the PPI, to enclose with your letter.
You can of course use the template on the link below if you want to, or a as a guide.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance


First of all refer to the letter template one to give you an idea.

In your case I would write something like this:
"I note on my agreement I have not opted or ticked to accept the Payment Protection Insurance, but have been charged for this, I have enclosed copies of my agreement and statements for your records.

I request that you refund me all of the PPI I have paid on the loan/credit card, plus the interest, also the 8% interest of what a court would award.

(Then refer back to the template letter in the above link).

I would not worry about writing the amounts down, but its handy that you do have the statements, where this can be worked out, and if they make an offer, you have these amounts to compare to.

Check out the above link and if you require any further help from there, please just yell, good luck.

I would also suggest that you post by recorded delivery as well, this is yourn proof of posting.;)

Thanks Di I will get onto it today.:rotfl:

supersaverg

Advice please:

Bought a car.

£1500 deposit paid
£3500 as finance

Now, the finance supplied by Close Motor Finance was sold to me by the car dealer (small local dealer)

I wrote to Close...they told me to go to the garage that sold me the product so I wrote to the garage and they have told me they will do nothing.

Where do I go now? Back to Close Finance or send 2nd letter to garage?

di3004

supersaverg wrote: »

Advice please:

Bought a car.

£1500 deposit paid
£3500 as finance

Now, the finance supplied by Close Motor Finance was sold to me by the car dealer (small local dealer)

I wrote to Close...they told me to go to the garage that sold me the product so I wrote to the garage and they have told me they will do nothing.

Where do I go now? Back to Close Finance or send 2nd letter to garage?

Hi

If your given the runaround, you can check with the FOS.
Give them a call on here:
http://www.financial-ombudsman.org.uk/contact/index.html
Good luck, they should be able to check this out for you and also write to them on your behalf on request.;)

supersaverg

supersaverg wrote: »

Advice please:

Bought a car.

£1500 deposit paid
£3500 as finance

Now, the finance supplied by Close Motor Finance was sold to me by the car dealer (small local dealer)

I wrote to Close...they told me to go to the garage that sold me the product so I wrote to the garage and they have told me they will do nothing.

Where do I go now? Back to Close Finance or send 2nd letter to garage?

...obviously its the PPI on the 3500 I am claiming for....FORGOT THAT BIT

tiggrae

supersaverg wrote: »

Advice please:

Bought a car.

£1500 deposit paid
£3500 as finance

Now, the finance supplied by Close Motor Finance was sold to me by the car dealer (small local dealer)

I wrote to Close...they told me to go to the garage that sold me the product so I wrote to the garage and they have told me they will do nothing.

Where do I go now? Back to Close Finance or send 2nd letter to garage?

it's definately the dealer (ie the company which 'sold' the policy) you should go to

tiggrae

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?

who 'sold' the original policy to you - was it direct through London Scottish or a broker - also did you see the loan through to its end?

tiggrae

scootermacc wrote: »

Thanks. Interested in your opinion - should I wait until Ombudsman has made final decision on this before taking legal advice?

it's entirely up to you - you can get legal advice free from the Citizens Advice Bureau

tiggrae

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 ...

you have to work out what you would get back - as they only pay for a maximum of a year I would suggest you wouldn't get back what you will pay in total if you made the claim at the end but if you've only had it for a year you'll get back more in claiming against it - then I'd cancel