Mbna loan ppi claims

1chizal

Hi All,
Im new to this and after a bit of advice, please.

I had loan with ppi with mbna loans for £5000 for 2 years and then increased the loan 3 years ago to £26,000 with a total payable back of approx £32,000 I think over 4 years (I carn't find any of my details for the loan or the 1st loan) all I have is the bank statements with my monthly repayments of £680.00 per month going out of the bank and i think i have 11 months remaining. The payments are killing me.
I was advised when taking both loans that I would be refused credit if I didn't take out the protection due to the large amounts and not having anything to secure it against. I don't have my old details from the 1st loan before the increase.

a.) Has anybody had any successful claims for ppi with MBNA Loans?
b.) How can I find out my old details for the 1st loan with MBNA?
c.) Is this all really true and can it actually work, it all seems to good to be true.

Any advise would be greatly taken.
Thanks hopefully.
Kind Regards

di3004

1chizal wrote: »

Hi All,
Im new to this and after a bit of advice, please.
Hello and welcome.;)

I had loan with ppi with mbna loans for £5000 for 2 years and then increased the loan 3 years ago to £26,000 with a total payable back of approx £32,000 I think over 4 years (I carn't find any of my details for the loan or the 1st loan) all I have is the bank statements with my monthly repayments of £680.00 per month going out of the bank and i think i have 11 months remaining. The payments are killing me.
I assume you should have 2 separate agreements for these loans then, how long ago did you take out the first loan?
If you no paperwork I will post some details below on this matter.
I was advised when taking both loans that I would be refused credit if I didn't take out the protection due to the large amounts and not having anything to secure it against. I don't have my old details from the 1st loan before the increase.
In my opinion this was mis sold to you, with the reasons you have given here.

a.) Has anybody had any successful claims for ppi with MBNA Loans?
Yes many have had success with these, and when you get the chance, check this out on the above success thread.

b.) How can I find out my old details for the 1st loan with MBNA?
A subject access request (SAR) would be useful, (details below).

c.) Is this all really true and can it actually work, it all seems to good to be true.
You can reclaim on the PPI, if mis sold.;)

Any advise would be greatly taken.
Thanks hopefully.
Kind Regards

For your paperwork, you write to MBNA by sending a SAR as stated above, they have 40 days to comply and send everything they hold on you, going back at least 5/6 years, there is a charge of £10 postal order or cheque payment for this request, best to post by recorded delivery as well.

Link here for SAR Template>
http://forums.moneysavingexpert.com/showthread.html?t=1475553

Hope this helps for now and when your ready to reclaim on this, check this link here below, that encloses all the reclaiming info with templates etc.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Good luck.;)

1chizal

HI Di 3004

Many thanks for your speedy response and your advise. Do you think I have a case?
Sorry to be a pain, who should I make the cheque payable to?
Many Thanks

di3004

1chizal wrote: »

HI Di 3004

Many thanks for your speedy response and your advise. Do you think I have a case?
Sorry to be a pain, who should I make the cheque payable to?
Many Thanks

Your welcome hun.;)

You send the SAR to:

MBNA Head Office:
M B N A Europe Bank Ltd,
Stansfield House,
Chester Business Park,
Chester,
Cheshire,
CH4 9QQ


This is the address we have on the address thread on here, remember to post by recorded delivery as well, you can check the delivery of this out on the Royal mail website as well on the tracking section for personal customers.;)

Your not a pain.

Good luck and post up for help anytime.

Di
X

1chizal

Hi DI3004,
Just had another thought really sorry,
Should I send the ppi claims seperate or wait until I have sent off the SAR and have all loan details together.
Mnay Thanks

di3004

1chizal wrote: »

Hi DI3004,
Just had another thought really sorry,
Should I send the ppi claims seperate or wait until I have sent off the SAR and have all loan details together.
Mnay Thanks

This is entirely up to you hun.

Do you have the account numbers at all for this?

1chizal

Hi,
I have the account details for the 2nd larger loan that Im still paying and I think I have approx 11 months remaining.
Kind Regards

di3004

1chizal wrote: »

Hi,
I have the account details for the 2nd larger loan that Im still paying and I think I have approx 11 months remaining.
Kind Regards

You could continue to reclaim on that one where you already have the details for this one then if you want to, or wait to do this together with the other, if you were mis sold for the same reasons etc.;)

You could though try requesting for just the Agreement on the first loan if you want to, by just enclosing a £1 postal order or cheque payment, they have 12 days to supply this one.

1chizal

Many Thanks, I think i'll send them seperate and start the ball rolling as soon as poss and send the current loan tomorrow and then request the info on the second one as well tomorrow.
I'll keep you informed.
Many thanks again for this help

di3004

There are many templates for requesting for agreements, I have used this one before below which is from yet another site.

Dear Sir/Madam

Re:− Account/Reference Number

This letter is a formal request pursuant to s.77/78 of the Consumer Credit Act 1974. I require you to provide me with a true copy of the credit agreement relating to the above account, together with any other documentation the Act requires you to provide.

I expect you to comply fully and properly with this request, within the statutory time limit. You are reminded that should you fail to comply with my request, the provisions of s.77 will apply.

If it is your view that you are not the creditor, s.175 of the CCA 1974 applies in the case of a simple assignment, and places a duty upon you to pass this request to the creditor. In the case of an absolute assignment, you are a creditor as defined by s.189. If you contend that you purchased the rights but not the duties of any agreement, you are reminded that s.189 of the Act is clear that an assignment is of both rights and duties.

Your attention is drawn to ss.5(2), 3(b),6 and 7 of the Consumer Protection from Unfair Trading Regulations 2008 (CPUTR).

I enclose a postal order in the sum of £1.00, which is the statutory fee. Note that these funds are not to be used for any other purpose.

If you are unable to comply fully and properly with this request, you should confirm this in writing at the earliest opportunity, and certainly within the statutory time limit for compliance, and return the fee.

We look forward to hearing from you.

Yours faithfully

di3004

1chizal wrote: »

Many Thanks, I think i'll send them seperate and start the ball rolling as soon as poss and send the current loan tomorrow and then request the info on the second one as well tomorrow.
I'll keep you informed.
Many thanks again for this help

Your very welcome.;)