PPI news thread

cakeaters1

SHARING MY SUCCESS IF I CAN DO IT ANYONE CAN! AFTER DOWNLOADING MARTINS TEMPLATES I HAVE SUCCESSFULLY ACHIEVED PPI REFUNDS ON 2 PERSONAL LOANS AND 3 CREDIT CARDS IT HAS TAKEN 2 YEARS BUT I HAVE REDUCED MY ORIGINAL INDEBTINESS FROM OVER 22 THOUSAND POUNDS AND NOW I AM REPAYING AN ALTOGETHER MANAGEABLE 8 THOUSAND VIA THE CCCS. IN SUMMER 2008 I HAD TO GO TO THE CCCS FOR A DEBT MANAGEMENT PLAN ( THE BEST ADVICE I EVER TOOK)I HAD PERSONAL LOANS & CREDIT CARDS WITH HALIFAX AND ABBEY NATIONAL ALSO A BARCLAYCARD (MY LATEST SUCCESS)THE HALIFAX REFUNDED OVER 5000 ON THE LOAN AND CREDIT CARD THE ABBEY GAVE BACK 5500 AND BARCLAYCARD HAVE JUST REFUNDED 1600 I AM INSULIN DEPENDANT DIABETIC AND ALL THESE PRE EXISTING MEDICAL CONDITIONS WERE NEVER ASKED ABOUT I WAS ALSO MIS-LED INTO THINKING THAT THE LOANS WERE CONDITIONAL ON TAKING THE PPI IN THE FIRST PLACE PURSUING THIS WAS THE BEST THING I COULD HAVE EVER DONE MY CIRCUMSTANCES WHEN MY HUSBAND BECAME DISABLED MEANT THAT THE PREVIOUS PERFECT CREDIT SCORE I HAD WAS TRASHED AND I FELT LIKE A TOTAL FAILUREMARTINS ADVICE HAS RESTORED MY FAITH IN HUMAN NATURE PATIENCE IS REQUIRED BUT I AM SO GLAD I GAVE IT A TRY :j

di3004

cakeaters1 wrote: »

SHARING MY SUCCESS IF I CAN DO IT ANYONE CAN! AFTER DOWNLOADING MARTINS TEMPLATES I HAVE SUCCESSFULLY ACHIEVED PPI REFUNDS ON 2 PERSONAL LOANS AND 3 CREDIT CARDS IT HAS TAKEN 2 YEARS BUT I HAVE REDUCED MY ORIGINAL INDEBTINESS FROM OVER 22 THOUSAND POUNDS AND NOW I AM REPAYING AN ALTOGETHER MANAGEABLE 8 THOUSAND VIA THE CCCS. IN SUMMER 2008 I HAD TO GO TO THE CCCS FOR A DEBT MANAGEMENT PLAN ( THE BEST ADVICE I EVER TOOK)I HAD PERSONAL LOANS & CREDIT CARDS WITH HALIFAX AND ABBEY NATIONAL ALSO A BARCLAYCARD (MY LATEST SUCCESS)THE HALIFAX REFUNDED OVER 5000 ON THE LOAN AND CREDIT CARD THE ABBEY GAVE BACK 5500 AND BARCLAYCARD HAVE JUST REFUNDED 1600 I AM INSULIN DEPENDANT DIABETIC AND ALL THESE PRE EXISTING MEDICAL CONDITIONS WERE NEVER ASKED ABOUT I WAS ALSO MIS-LED INTO THINKING THAT THE LOANS WERE CONDITIONAL ON TAKING THE PPI IN THE FIRST PLACE PURSUING THIS WAS THE BEST THING I COULD HAVE EVER DONE MY CIRCUMSTANCES WHEN MY HUSBAND BECAME DISABLED MEANT THAT THE PREVIOUS PERFECT CREDIT SCORE I HAD WAS TRASHED AND I FELT LIKE A TOTAL FAILUREMARTINS ADVICE HAS RESTORED MY FAITH IN HUMAN NATURE PATIENCE IS REQUIRED BUT I AM SO GLAD I GAVE IT A TRY :j

Well done to you and Congratulations!:T:beer::j

virtuous

Hi, I am new and need some help.
In Feb 2004, I took a personal loan with The Funding Corporation Ltd, the person I talked to on the phone only told me that the loan has been approved after asking me a few questions about what the loan was for. He said that the Credit Agreement will be couried to me in the next day and I should sign it for the money to be transferred to my account. The biker (courier) came to my house, and stood there while I signed the documents. It was just by reading Martin's PPI's that I decided to find out whether I was mis-sold PPI and guess what yes, I was. I asked them recently for a copy of my agreement and received it yesterday morning. PPI - 2,884.40, Loan -£6,000, Interest-£2,487.60 - Total Amount Payable - £11,352.00. I settled this loan early in 30/6/2004 and paid back £9,252.73

Could someone who knows more than I do, let me know if I have a claim on them based on the informtion I have provided above.

di3004

virtuous wrote: »

Hi, I am new and need some help.
In Feb 2004, I took a personal loan with The Funding Corporation Ltd, the person I talked to on the phone only told me that the loan has been approved after asking me a few questions about what the loan was for. He said that the Credit Agreement will be couried to me in the next day and I should sign it for the money to be transferred to my account. The biker (courier) came to my house, and stood there while I signed the documents. It was just by reading Martin's PPI's that I decided to find out whether I was mis-sold PPI and guess what yes, I was. I asked them recently for a copy of my agreement and received it yesterday morning. PPI - 2,884.40, Loan -£6,000, Interest-£2,487.60 - Total Amount Payable - £11,352.00. I settled this loan early in 30/6/2004 and paid back £9,252.73

Could someone who knows more than I do, let me know if I have a claim on them based on the informtion I have provided above.

Hi and welcome

There are many reasons for being mis sold ppi, so if they just added this without your knowledge, or you have other reasons, then give it a go.

All you do is complete the reclaming questionnaire as on stage one:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#reclaim
Then send to who was responsible for setting this up, keep a copy for yourself as well in case you need to refer to it at some point.

They have 8 weeks to give a decision, but may ask for more time, this is okay so long as you know where you are.

I would also check the checklist of reasons to see if any other reasons may apply to you too.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#checklist

Hope you find this helps, good luck and please keep us informed, cheers.;)

amersall

cakeaters1 wrote: »

SHARING MY SUCCESS IF I CAN DO IT ANYONE CAN! AFTER DOWNLOADING MARTINS TEMPLATES I HAVE SUCCESSFULLY ACHIEVED PPI REFUNDS ON 2 PERSONAL LOANS AND 3 CREDIT CARDS IT HAS TAKEN 2 YEARS BUT I HAVE REDUCED MY ORIGINAL INDEBTINESS FROM OVER 22 THOUSAND POUNDS AND NOW I AM REPAYING AN ALTOGETHER MANAGEABLE 8 THOUSAND VIA THE CCCS. IN SUMMER 2008 I HAD TO GO TO THE CCCS FOR A DEBT MANAGEMENT PLAN ( THE BEST ADVICE I EVER TOOK)I HAD PERSONAL LOANS & CREDIT CARDS WITH HALIFAX AND ABBEY NATIONAL ALSO A BARCLAYCARD (MY LATEST SUCCESS)THE HALIFAX REFUNDED OVER 5000 ON THE LOAN AND CREDIT CARD THE ABBEY GAVE BACK 5500 AND BARCLAYCARD HAVE JUST REFUNDED 1600 I AM INSULIN DEPENDANT DIABETIC AND ALL THESE PRE EXISTING MEDICAL CONDITIONS WERE NEVER ASKED ABOUT I WAS ALSO MIS-LED INTO THINKING THAT THE LOANS WERE CONDITIONAL ON TAKING THE PPI IN THE FIRST PLACE PURSUING THIS WAS THE BEST THING I COULD HAVE EVER DONE MY CIRCUMSTANCES WHEN MY HUSBAND BECAME DISABLED MEANT THAT THE PREVIOUS PERFECT CREDIT SCORE I HAD WAS TRASHED AND I FELT LIKE A TOTAL FAILUREMARTINS ADVICE HAS RESTORED MY FAITH IN HUMAN NATURE PATIENCE IS REQUIRED BUT I AM SO GLAD I GAVE IT A TRY :j

:beer::beer: Well done and congrats :j:j:j just shows what you can do when you put your mind to it :money:

marshallka

Current firm-level complaints data by the FSA

http://www.fsa.gov.uk/pages/Library/Other_publications/commentary/firm_spec/index.shtml

whizzkid001

http://www.telegraph.co.uk/finance/personalfinance/insurance/incomeprotection/8059528/Lloyds-snubs-FSA-as-it-puts-PPI-claims-on-hold.html

marshallka

U.K. Banks Are Banned From Selling Credit Insurance at Same Time as Loans


http://www.bloomberg.com/news/2010-10-14/u-k-antitrust-regulator-to-ban-banks-from-selling-most-credit-insurance.html

U.K. Regulator Bans Banks From Selling PPI During Credit Sales

http://www.businessweek.com/news/2010-10-14/u-k-regulator-bans-banks-from-selling-ppi-during-credit-sales.html

julesdal

Hi Just had letter from Tesco loans saying they would repay our ppi!
Rang them up to ask if they would send us the details of how they came to the figures and they blanky refused! I think they are trying to hide something :undecided ? does anyone know how to workout exact ppi figures before we go to ombudsman?

di3004

julesdal wrote: »

Hi Just had letter from Tesco loans saying they would repay our ppi!
Rang them up to ask if they would send us the details of how they came to the figures and they blanky refused! I think they are trying to hide something :undecided ? does anyone know how to workout exact ppi figures before we go to ombudsman?

Well done on your success, did they confirm if they upheld in your favour or if an offer of goodwill?
If they have upheld in your favour then they should put you back in the position as if you did not have ppi etc.
They may send the breakdown with the payment, but feel free to post up your figures and I'm sure someone will take a look at them for you.

:beer: