PPI Question

edited 30 November -1 at 1:00AM in Reclaim PPI & Other Insurance
7 replies 1.8K views
ineedsomeinfoineedsomeinfo Forumite
77 Posts
Part of the Furniture Combo Breaker
edited 30 November -1 at 1:00AM in Reclaim PPI & Other Insurance
Hi there,

I was hoping someone could help me. I recently bought a car from Arnold Clark last october. Now when getting the finance for the car i was offered PPI even though i explained to the salesman that i was a supply teacher and was not on a permanent contract. He says that didn't matter and to sign up as it would give me piece of mind. SO i went ahead and did this. Now when reading through this site and then trhough my documents i realised that i would not be covered if i was out of work. Now can i claim this ppi back? The name of the company the car gets paid to is santander consumer. CAn i claim ppi from banks? I am new at this so any help would be great.

Thank You!

Replies

  • di3004di3004 Forumite
    42.6K Posts
    Hi there,

    I was hoping someone could help me. I recently bought a car from Arnold Clark last october. Now when getting the finance for the car i was offered PPI even though i explained to the salesman that i was a supply teacher and was not on a permanent contract. He says that didn't matter and to sign up as it would give me piece of mind. SO i went ahead and did this. Now when reading through this site and then trhough my documents i realised that i would not be covered if i was out of work. Now can i claim this ppi back? The name of the company the car gets paid to is santander consumer. CAn i claim ppi from banks? I am new at this so any help would be great.

    Thank You!


    Hello and welcome to this site.;)

    The answer here is yes, so go for it.

    You write to the ones who actually arranged and sold you the finance for the car.

    They have 8 weeks to respond in full. This is what they are entitled to, yet if you hear nothing at all by 8 weeks, you entitled to move your case on to the financial ombudsman service (FOS).

    If they do not resolve in your favour, sometimes they do give you the opportunity to write back to them for them to reconsider, but keep at them until you receive the final decision, which should also enclose details of the FOS, where if your not satisfied with the outcome you can take your complaint to the FOS.

    The link below is very useful, you will find a check list of mis selling reasons and templates, you can use the templates if you want to or just as a guide, and write your own reasons, check the checklist to see if any of them also occur to you as well.

    You do not to write the amounts on the letter though, remember to write your account number.

    Link here:
    http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

    For any credit you have taken out which have had ppi, it could be loans, credit cards, catalogues, store cards, if you were mis sold the ppi insurance on them, then reclaim.

    Good luck and please keep us posted.;)
    The one and only "Dizzy Di" :D
  • di3004 wrote: »
    Hello and welcome to this site.;)

    The answer here is yes, so go for it.

    You write to the ones who actually arranged and sold you the finance for the car.

    They have 8 weeks to respond in full. This is what they are entitled to, yet if you hear nothing at all by 8 weeks, you entitled to move your case on to the financial ombudsman service (FOS).

    If they do not resolve in your favour, sometimes they do give you the opportunity to write back to them for them to reconsider, but keep at them until you receive the final decision, which should also enclose details of the FOS, where if your not satisfied with the outcome you can take your complaint to the FOS.

    The link below is very useful, you will find a check list of mis selling reasons and templates, you can use the templates if you want to or just as a guide, and write your own reasons, check the checklist to see if any of them also occur to you as well.

    You do not to write the amounts on the letter though, remember to write your account number.

    Link here:
    http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

    For any credit you have taken out which have had ppi, it could be loans, credit cards, catalogues, store cards, if you were mis sold the ppi insurance on them, then reclaim.

    Good luck and please keep us posted.;)

    Thank you for very much for your help. I'll get onto it right away. Thanks
  • di3004di3004 Forumite
    42.6K Posts
    Thank you for very much for your help. I'll get onto it right away. Thanks

    Your very welcome and the best of luck.

    Also if you require further help, please feel free to ask anytime.;)
    The one and only "Dizzy Di" :D
  • Would this letter be ok as i had to alter it a little as i am sending it to arnold clark first of all as that is were i purchased the agreement.
    [FONT=&quot] [insert your name [/FONT]
    [FONT=&quot]and address][/FONT]
    [FONT=&quot][insert date][/FONT]
    [FONT=&quot][insert name and [/FONT]
    [FONT=&quot]address of company [/FONT]
    [FONT=&quot]that sold you the[/FONT]
    [FONT=&quot]loan/card insurance][/FONT]

    [FONT=&quot]Dear Sir or Madam,[/FONT]

    [FONT=&quot]Account number: [insert account number][/FONT]
    [FONT=&quot]I purchased the above policy from you in 30/10/2008 but now believe that I was mis-sold this policy for the following reasons: [/FONT]

    [FONT=&quot]This is due to the fact that I knew I was soon to be[/FONT][FONT=&quot]unemployed when I took out the policy and I made this aware to your member of staff. [/FONT]

    [FONT=&quot]Also this is due to the fact that GE Capital the finance company which you choose as the finance company have been fined by the FSA for failing to treat their customers fairly when selling Payment Protection Insurance and I do not believe that my policy was sold in my best interests.[/FONT]

    [FONT=&quot]Unless you can satisfactorily justify to me that the policy was fair and reasonable I am requesting a full refund of all premiums, and subsequent interest on these payments, that I have paid to date. As I believe I have been deprived of this money I also expect 8% statutory interest, the amount a court would award, to be added to each payment made. [/FONT]

    [FONT=&quot]As you were acting as the brooker and your salesman was the one who advised me incorrectly I am contacting you first.[/FONT]
    [FONT=&quot]I look forward to a full and prompt response to this letter and for the matter to be concluded within eight weeks or I shall be contacting the Financial Ombudsman to investigate my complaint.[/FONT]

    [FONT=&quot]Yours faithfully,[/FONT]

    [FONT=&quot][insert your signature][/FONT]

    [FONT=&quot][insert your name (printed)][/FONT]
  • di3004di3004 Forumite
    42.6K Posts
    Would this letter be ok as i had to alter it a little as i am sending it to arnold clark first of all as that is were i purchased the agreement.
    [FONT=&quot][insert your name [/FONT]
    [FONT=&quot]and address][/FONT]


    [FONT=&quot][insert date][/FONT]


    [FONT=&quot][insert name and [/FONT]
    [FONT=&quot]address of company [/FONT]
    [FONT=&quot]that sold you the[/FONT]
    [FONT=&quot]loan/card insurance][/FONT]

    [FONT=&quot]Dear Sir or Madam,[/FONT]

    [FONT=&quot]Account number: [insert account number][/FONT]
    [FONT=&quot]I purchased the above policy from you in 30/10/2008 but now believe that I was mis-sold this policy for the following reasons: [/FONT]

    [FONT=&quot]This is due to the fact that I knew I was soon to be[/FONT][FONT=&quot]unemployed when I took out the policy and I made this aware to your member of staff. [/FONT]

    [FONT=&quot]Also this is due to the fact that GE Capital the finance company which you choose as the finance company have been fined by the FSA for failing to treat their customers fairly when selling Payment Protection Insurance and I do not believe that my policy was sold in my best interests.[/FONT]

    [FONT=&quot]Unless you can satisfactorily justify to me that the policy was fair and reasonable I am requesting a full refund of all premiums, and subsequent interest on these payments, that I have paid to date. As I believe I have been deprived of this money I also expect 8% statutory interest, the amount a court would award, to be added to each payment made. [/FONT]

    [FONT=&quot]As you were acting as the brooker and your salesman was the one who advised me incorrectly I am contacting you first.[/FONT]
    [FONT=&quot]I look forward to a full and prompt response to this letter and for the matter to be concluded within eight weeks or I shall be contacting the Financial Ombudsman to investigate my complaint.[/FONT]

    [FONT=&quot]Yours faithfully,[/FONT]

    [FONT=&quot][insert your signature][/FONT]

    [FONT=&quot][insert your name (printed)][/FONT]


    Yes well done this is great, if you feel you have covered everything then its ready to go, remember to post by recorded delivery though, you can keep a check on the 8 weeks then by tracking the delivery down on the Royal mail website "tracking".

    Good one :T:T
    Good luck.;)
    The one and only "Dizzy Di" :D
  • Wow, cannot believe they actually sold a loan knowing you were soon to be unemployed:confused::confused:? This is just an example of irresponsible lending I think. If that was me then I would not be able to afford the repayments, let alone the PPI..:confused:. It makes you wonder why, why, why?????
  • The plain and simple answer is MONEY! just pure greed!
This discussion has been closed.
Latest MSE News and Guides

Students - apply for uni funding NOW

If you plan to get a place via 'clearing'

MSE News

A guide to council tax bands

Lower your band & save £1,000s

MSE Guides