PPI Reclaiming Discussion part 4

Gareth19

Hello. I need some advice. I took out a loan with HFC Bank for £5,500 back in 2001. I defaulted soon after. The case was handed to Restons solicitors and a CCJ was issued in 2002 for £13,500. I have been asking for the past year for a copy of the CCA and this morning it finally arrived. It shows that decreasing life term insurance (£503.69) and ASU insurance (£960.53) were added to the loan. Also £998.18 in interest for those insurance policies were added meaning £2,462.40 was added not including the original loan plus interest. I never knew I had this insurance and most certainly didn't ask for it. I now pay Restons £50 per month and have been for some time and I now owe around £9,800. My question is do I have a claim here for PPI mis-selling and if so how should I go about it?

di3004

Gareth19 wrote: »

Hello. I need some advice. I took out a loan with HFC Bank for £5,500 back in 2001. I defaulted soon after. The case was handed to Restons solicitors and a CCJ was issued in 2002 for £13,500. I have been asking for the past year for a copy of the CCA and this morning it finally arrived. It shows that decreasing life term insurance (£503.69) and ASU insurance (£960.53) were added to the loan. Also £998.18 in interest for those insurance policies were added meaning £2,462.40 was added not including the original loan plus interest. I never knew I had this insurance and most certainly didn't ask for it. I now pay Restons £50 per month and have been for some time and I now owe around £9,800. My question is do I have a claim here for PPI mis-selling and if so how should I go about it?

Hi there

with your reasons I would certainly give it a go.

You write to the ones who sold you the finance, they have 8 weeks in full to respond, post letters by recorded delivery for your proof of positng.
Keep at them.
Here below is the link of the guidelines to reclaiming, template letters and so on, check this out to help you through this, and please ask for help anytime on this as well.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Good luck with this and please let us know how you get on.;)

louise2007

Hi
I am just in the middle of reclaiming PPI from a loan with the Halifax. After several letters they wrote to me in December to say they werent admitting any liability but felt as a valued customer my policy might not have been appropriate. They have therefore said they will write again with an offer of an amount that will put me back in the position I was in if I hadnt taken out the insurance which is great, but they have said that because the loan is still current that they will deduct it from the amount I still owe. Can they do this or can I request they give me the money?

Sorry if this has been answered somewhere on the site but I couldnt find it!

Thanks

di3004

louise2007 wrote: »

Hi
I am just in the middle of reclaiming PPI from a loan with the Halifax. After several letters they wrote to me in December to say they werent admitting any liability but felt as a valued customer my policy might not have been appropriate. They have therefore said they will write again with an offer of an amount that will put me back in the position I was in if I hadnt taken out the insurance which is great, but they have said that because the loan is still current that they will deduct it from the amount I still owe. Can they do this or can I request they give me the money?

Sorry if this has been answered somewhere on the site but I couldnt find it!

Thanks

Hi Louise
And welcome.;)

Well done on your success.:beer:

If you've no arrears then you can ask if they can consider paying this directly to you.
Of course you do not have to accept their decision if your not happy with it and if they do not deal with this the way you have requested, you can always go to the financial ombudsman service (FOS), but please be aware the FOS have large volumes of complaints to deal with which could take some time.

Good luck with this.;)

lucieloo

hi please can someone help. i have received a letter from fp which has totally thrown me it says thanks for your concerns but basically you were sold your ppi through capital one. i have contacted capital one who have no record of me.then it has two forms with hfs on it!!! i dont recall speaking to anyone else barr fp. im totally confused my direct debits were made to fp help plz

di3004

lucieloo wrote: »

hi please can someone help. i have received a letter from fp which has totally thrown me it says thanks for your concerns but basically you were sold your ppi through capital one. i have contacted capital one who have no record of me.then it has two forms with hfs on it!!! i dont recall speaking to anyone else barr fp. im totally confused my direct debits were made to fp help plz

Hi hun
This means that these were the ones that arranged and set up your loan, so whereas you write to these to reclaim.;)

lucieloo

who capital one or hfs? sorry to be a pain, in the letter from fp they say they have forwarded my complaint to capital one will they have done it or shall i and i dont know wehre to write too

di3004

lucieloo wrote: »

who capital one or hfs? sorry to be a pain, in the letter from fp they say they have forwarded my complaint to capital one will they have done it or shall i and i dont know wehre to write too

If they say it was Cap one who sold you the loan, its these you write to hun.:D;)X

lucieloo

thanks i dont suppose you know the address? also i have never ever rang capital one

di3004

Lucie your not a pain lol.:D

This can be confusing when first starting out on reclaiming, and not to worry the main of us have been here lol.
I had brokers with some of my loans, so as they arranged them its them you pursue to.
Hope this helps hun.;)X