PPI Reclaiming Discussion part 4

wutus

Hi again
Sorry to be a pain but I have found the name of the ceo so would you address it to them personally ?? I know its prob a stupid question but dont want to make an idiot of myself by contacting the wrong person
thanks again
Just found another name of the finance director so i will go with this one cheers...watch this space

Markee

I am pretty sure this has been brought up before, but I have done a search on both this site and (this site) through Google, but nothing relevant came up.

On the bank charges reclaim, it was advised that claimants make arrangements with an alternative banking provider as the bank they are making a claim from may insist they close their account if their claim is successful.

Is this the same with PPI claims against credit card companies? Can the issuing bank cancel the card and call in the debt if a claim is successful?

Obviously, the PPI claim could offset some of the debt, but in most cases not all of it?

di3004

Markee wrote: »

I am pretty sure this has been brought up before, but I have done a search on both this site and (this site) through Google, but nothing relevant came up.

On the bank charges reclaim, it was advised that claimants make arrangements with an alternative banking provider as the bank they are making a claim from may insist they close their account if their claim is successful.

Is this the same with PPI claims against credit card companies? Can the issuing bank cancel the card and call in the debt if a claim is successful?

Obviously, the PPI claim could offset some of the debt, but in most cases not all of it?

Hi there

I would think if this did happen it would be unfair, however I expect this happens.
Not sure where you would be best to ask this one, maybe the Office of fair trading perhaps.
http://www.oft.gov.uk/
I'm sure someone will have some answers on this for you and post up.

I am aware if there is debt outstanding, and arrears they expect you to no longer use the cards, also by returning them to whom they came from, torn up to what I know of, and if successful with a reclaim, they do tend to refund the amount towards the debt, the remaining of what is left - if any should be refunded to you direct.

Hopefully someone with accurate answers will post up shortly, good luck.

marshallka

Markee wrote: »

I am pretty sure this has been brought up before, but I have done a search on both this site and (this site) through Google, but nothing relevant came up.

On the bank charges reclaim, it was advised that claimants make arrangements with an alternative banking provider as the bank they are making a claim from may insist they close their account if their claim is successful.

Is this the same with PPI claims against credit card companies? Can the issuing bank cancel the card and call in the debt if a claim is successful?

Obviously, the PPI claim could offset some of the debt, but in most cases not all of it?

From what I have read they can close accounts and sometimes do but often they can justify with other reasons too other than just for complaining. If it happened to someone and they feel it was retaliatory action then you are free to make a complaint to FOS or the FSA. If you have a read here

http://www.consumerwiki.co.uk/index.php/Account_Closures:_What_to_do.

It gives some good advice. I don't know of anyone on here that has had their bank accounts closed though just for complaining. There are always "other" reasons.

marshallka

wutus wrote: »

Hi again
Sorry to be a pain but I have found the name of the ceo so would you address it to them personally ?? I know its prob a stupid question but dont want to make an idiot of myself by contacting the wrong person
thanks again
Just found another name of the finance director so i will go with this one cheers...watch this space

This is from the FSA register here about Welcome Finance
http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=117751


Phone: 44 0115 984 9200
44 0115 984 9302
Fax:
Email markwalder @ cattles .co.uk

Website: wwww.cattles.co.uk

(of course with no spaces between it for the email addy)

finatra26

Thinking about going after missold PPi on a loan from 1990 - anyone think I will have any luck?

amersall

finatra26 wrote: »

Thinking about going after missold PPi on a loan from 1990 - anyone think I will have any luck?

somebody on here won a cc from over 20 years ago, give it a go you have nothing to lose!!

busbyh

finatra26 wrote: »

Thinking about going after missold PPi on a loan from 1990 - anyone think I will have any luck?

Go for it finatra, nothing ventured, nothing gained:beer:

di3004

I agree with the others Finatra - if you don't try you will never not, go for it....:D:T:TXx

paulthedude34

hi all after claiming for ppi against 3 loans tsb have admitted fault on 1 for 3 grand loan offered me 668 refund on the other 2 loans 1 for 5100 other 4000 grand they not admitted fault but have offerd 169 and 226 have rejected the lower 2 ammounts an have sent my complaint to the fos have accepted the 668 offer has any had this type of offers made before can any 1 advise cheers Paul