Please Help Can We Claim Back On Car Finance

Tracy70

Hi Can Someone Help, We have Had Car Finance With The Same Company For The Last 6yrs, First Responce Finance, We have Always Paid Our payments Weekly, Do We have Any Chance Off Reclaiming The Intersest Which Was Added Too The Total Amount, (Car bought For 6,000 interest Added Total 12,000) (Car Bought For 5,000 Interest Added Total 11,000) Husband Never Used Insurance As he Never Out Ov Work, All Advice Greatly Recieved,

petermb_2

Tracy70 wrote: »

Hi Can Someone Help, We have Had Car Finance With The Same Company For The Last 6yrs, First Responce Finance, We have Always Paid Our payments Weekly, Do We have Any Chance Off Reclaiming The Intersest Which Was Added Too The Total Amount, (Car bought For 6,000 interest Added Total 12,000) (Car Bought For 5,000 Interest Added Total 11,000) Husband Never Used Insurance As he Never Out Ov Work, All Advice Greatly Recieved,

It is not the interest you can claim back. It is the insurance premium plus interest and some compensation. How much was the PPI premium in each loan?

Tracy70

Thanks Will Get Paperwork Out An Get Back Too You Reguards Tracy

Tracy70

Have Just Found Some Paperwork for Car We Have Now It Lists, ppp premium is £944.89 which with interest of £397.11 total amount £1,342.00 And also GAP (Financial Shortfall protection premium £260.00 & interest £109.08 Total Amount Payable £369.08, We Didn't Ask For These And We wer'nt Advised We Had Too Have Them, We Have Never Even heard Off GAP, Hope This Info Is Of Some Use manythanks Tracy

di3004

Tracy

Hi there.;)

For more information on reclaiming PPI use the link below to help you through this with the templates, write your own reasons and they have 8 weeks to respond in full.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

You don't need to add the figures in the reclaim letter, but they may come in handy later on to compare them to an offer they may try to make.

Keep at them, your write to the ones who sold and arranged your finance, post by recorded delivery, good luck.;)

Tracy70

Manythanks For Your Advice Much Appreciated Will Keep On At Them Cheers:beer::A

di3004

Tracy70 wrote: »

Manythanks For Your Advice Much Appreciated Will Keep On At Them Cheers:beer::A

Your welcome Tracy.:beer:

Let us know how you get on and in case you require further help.;)

Tracy70

Hi just too keep u informed, We had a reply back from FRF, asking us too state when and how we were missed sold policy, Have replied on every question asked, We are just awaiting their next reply, Will Keep you posted, manythanks For all advice given. :beer:

Tracy70

di3004 wrote: »

Your welcome Tracy.:beer:

Let us know how you get on and in case you require further help.;)

Hi DI3004 We have just had a reply from FRF, Basically they are saying they are in the right and we don't have a leg too stand on, Because we renewed finance in 2007 (we had previouse finance also with same company before new finance) we had the right too cancel the PPI and as we did'nt then thats are fault, At that time none off the information reguaeding PPI and Mis-selling had'nt come too our attention, We heard about Claiming back Bank charges and also PPI on bank loans but not on car finance till i seen a TV advert, We need advice on where we should go from here, All information greatly recieved, We are soo flustrated on their attitude too us,( Car finance held with same company now for 7yrs), only 1yr left with them, We feel we are being treated unfair.:mad:

Tracy70

TOtally stressed and confused !!!!!!!

Tracy70

ILW wrote: »

Seems a little confused here.
You state that you did not request or were aware of the PPI, but then say you have never claimed because you husband has been in work. That would suggest you were aware of the insurance.[/QUOTEOnly aware

Hi only aware by smallprint once we got papers and checked through, Thats why i quoted that my partner had never claimed:rotfl: