direct line loan from may 2005 Can I calim?

theruisg

Hi I ve read some of thses threads about ppi and have been contacted by a firm saying for 28% they will act on my behalf. I have found my direct line loan agreement and read the terms and conditions on the back. Because it was so long ago I cant remember if the sales person told me any of the information or grounds for wich i was mislod the loan. Where do I stand can i claim or not . is it too late . Many thanks
Adi.
Just as a side note I have finished paying for a car loan from armed srevices finance and again this has ppi on it can this be done?

di3004

theruisg wrote: »

Hi I ve read some of thses threads about ppi and have been contacted by a firm saying for 28% they will act on my behalf. I have found my direct line loan agreement and read the terms and conditions on the back. Because it was so long ago I cant remember if the sales person told me any of the information or grounds for wich i was mislod the loan. Where do I stand can i claim or not . is it too late . Many thanks
Adi.
Just as a side note I have finished paying for a car loan from armed srevices finance and again this has ppi on it can this be done?

Hello and welcome.;)

Personally I would not pay out on these companies, not when you can do this yourself free with help on this site, with Martin's templates etc.
At least this way if successful you will get to keep all of your money.

How long ago was it that you taken this out/year?

If you no paperwork you can write to them to request a true copy of your CCA (agreement), enclose a £1 postal order or cheque payment, and tell them you look forward to receiving this by 12 days of your request and post by recorded delivery.
This agreement should show the amount borrowed and insurance etc.

For more information on PPI reclaiming, check here in the link below, and if you want to go further with this and need help, please just ask, good luck.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Di

theruisg

thanks Di ,
Im very unsure and not very confident so any help would be great.
I have a copy of my loan agreement and it syas the laon was 13k core cover loan payment protection 2765.15. total amount of loan 15765.15 total charge for credit 3437.25 total ammount you have to ay 1902.40 anuaql percentage 5.9% 84 payments at 228.60

I rang them thismorning and asked for a loan surrender value they have said they will send me it in writing but the figure came out at 6,795.76

I also asked whern the loan date statrted and it began on May 20th 2005.

section 17 on the back tells you about loan payment protection insurance but I have no idea what applies to me and making a claim under what circumstances . the loan was done over the phone and i cant remember what was said what i was or was not told so can i still claim?

please as i have said im am really nervous and out of my depth so any help would be great
thanks
Adi

di3004

theruisg wrote: »

thanks Di ,
Im very unsure and not very confident so any help would be great.
I have a copy of my loan agreement and it syas the laon was 13k core cover loan payment protection 2765.15. total amount of loan 15765.15 total charge for credit 3437.25 total ammount you have to ay 1902.40 anuaql percentage 5.9% 84 payments at 228.60

I rang them thismorning and asked for a loan surrender value they have said they will send me it in writing but the figure came out at 6,795.76

I also asked whern the loan date statrted and it began on May 20th 2005.

section 17 on the back tells you about loan payment protection insurance but I have no idea what applies to me and making a claim under what circumstances . the loan was done over the phone and i cant remember what was said what i was or was not told so can i still claim?

please as i have said im am really nervous and out of my depth so any help would be great
thanks
Adi

Hi Adi.;)

I would go for it then if you have a reason of them mis selling this to you, and its not too late at all.

You do not actually need to write the figures on the reclaim letter at this point although its handy to have them in case you need to refer to them at a later date.

There are many reasons for mis selling, check on this link here and you will find the reasons on there:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
I would also ask in your case in writing for a copy of the recorded telephone calls, maybe wait to see what's in them when you listen through this and take it from there, if your not sure if you have any reason at this time.;)

marshallka

I would take off your name and address and account numbers.. I have not quoted on this so no worries but definately needs removing.

kai666

Remove all that personal information asap. You're asking for all sorts of problems if you leave it

theruisg

was the bit about asking for the telephone recording correct in the letter?

marshallka

theruisg wrote: »

was the bit about asking for the telephone recording correct in the letter?

You can request the telephone recordings if you request a SAR from them and this costs £10 and can take up to 40 days for them to comply with.

http://forums.moneysavingexpert.com/showthread.html?t=1475553

GLYNRICHARDSON

hello

do you have the address for direct line, who you wrote to about your ppi, i have a loan and have not had any reply.

regards

g rich

di3004

GLYNRICHARDSON wrote: »

hello

do you have the address for direct line, who you wrote to about your ppi, i have a loan and have not had any reply.

regards

g rich

Hi there,

Found this link here in regards of Direct Line complaints:
http://www.directline.com/complaints/complaintsprocedure.htm

The address is probably that in smallish print at the bottom of the link.;)

Good luck.