can u claim PPI from a loan paid off over 6 years ago?

beth3735

as in title, i have had 2 smallish lloyds loans and just thought i more than likely had ppi on these, how would i find out, Plus could I claim for these that long ago?

There is no outstanding balance

di3004

beth3735 wrote: »

as in title, i have had 2 smallish lloyds loans and just thought i more than likely had ppi on these, how would i find out, Plus could I claim for these that long ago?

There is no outstanding balance

Hi there

I would check if you have an old statements and if you find the account numbers ask if they would be kind enough to post up copies of your breakdown on all loans you have taken out with them.

If 6 years you may be lucky, how long ago did you settle them?

beth3735

well I took one out when I was still in navy, my eldest DD is just 6, oooh but I just remembered hubby paid my loan off for me in Feb 2004 after DD was born, so was actually settled just under 6 years. I paid them back about £6000 ish so was bigger than I thought, Im not sure how Long I paid it before I paid it off in 1 lump. I may go and ask them to bring up that loan account on the system if they can?

di3004

beth3735 wrote: »

well I took one out when I was still in navy, my eldest DD is just 6, oooh but I just remembered hubby paid my loan off for me in Feb 2004 after DD was born, so was actually settled just under 6 years. I paid them back about £6000 ish so was bigger than I thought, Im not sure how Long I paid it before I paid it off in 1 lump. I may go and ask them to bring up that loan account on the system if they can?

You could then request a SAR if you want to.;)
This should allow you to go back approx 6 years, saying that I was lucky with some of mine by receiving info going back to even earlier years, do what you feel is best hun, maybe they would be kind enough to supply you with the info free, without the need of having to request for SAR where a payment is made for that one. Hopefully you will save yourself a tenner if they do send you the details you require, fingers crossed.

Anyway, for the SAR template letter, if you decide to go this direction, link here
http://forums.moneysavingexpert.com/showthread.html?t=1475553

Do keep us posted on this and ask for help when your ready, good luck.;)

beth3735

bit of an update as I went into a branch today and just asked the girl behind the counter if i could have the account number of my past loan.

she gave me my account number, she gave me the monthly payments i had to make, she also gave me the date i paid it off in full. Will I need the date I started the loan for the purpose of the letter?

This loan was for £6000 she couldnt tell me what the PPI that I paid on it was.
I was also thinking, as I paid it off in full before the end date I would of still paid the PPI for the whole amount of loan wouldnt I? Im sure that the only reduced thing was the interest?

Umm also she said I had previously had 5 loans But I think I will just got for this one as was biggest.

Also another question, I am claiming for LLoyds credit card PPI, plus I will be claiming for a Lloyds Loan PPI, will they pay seperate if I win? or would they just take it all off the Lloyds credit card amount?

Im only asking as the Lloyds credit card amount, even though is in my name, is my dads debt? The lloyds loan PPI payment if i get it I would of liked to of paid my own debts off?

Sorry for all the thousands of questions again.

beth3735

ok Just a little extra, I am not 100% I paid PPI on this, But I do kind of recall thinking it was way OTT payments.

I took £6000 over 60 months, the lady in bank told me I had been paying £156.51 a month. I have just calculated this and it works out the total of the loan would of been,
£9390.60

So over £3300 wouldnt of just been interest as at that point my credit history wasnt wrecked lol. So PPI must of been included in that somewhere along the line.

beth3735

ok now im even more confused?? I thought I would call LLoyds just to find out the date I opened the loan. and this is what the really helpful lady told me!

I opened a loan for £4991, Plus PPI at £1409 total = £7409.71 I opened this one in Dec 2002, Paid it off in Jan 2004.

But then she said I had a bigger loan taken out after.

This was £6000 Plus PPI at £1748.68 = £8346.68.
This loan was opened in Jan 2004 and then closed in Feb 2004 Im not sure why I did that? I tad confused there lol

But what should I do? I have 2 different Loans with 2 different acconut numbers, So do I write 2 letters? Do you think I am entitled to this back, do you think I would of paid the whole PPI on the 1 month loan? Im sure i would of paid the loan, plus PPI but only interest for the month I had it? Im just getting more and more confused as I go on lol

di3004

beth3735 wrote: »

ok now im even more confused?? I thought I would call LLoyds just to find out the date I opened the loan. and this is what the really helpful lady told me!

I opened a loan for £4991, Plus PPI at £1409 total = £7409.71 I opened this one in Dec 2002, Paid it off in Jan 2004.

But then she said I had a bigger loan taken out after.

This was £6000 Plus PPI at £1748.68 = £8346.68.
This loan was opened in Jan 2004 and then closed in Feb 2004 Im not sure why I did that? I tad confused there lol

But what should I do? I have 2 different Loans with 2 different acconut numbers, So do I write 2 letters? Do you think I am entitled to this back, do you think I would of paid the whole PPI on the 1 month loan? Im sure i would of paid the loan, plus PPI but only interest for the month I had it? Im just getting more and more confused as I go on lol

Hi hun

If you were mis old for the same reasons then yes, you can keep to one letter, and remember to enclose both account numbers, that will be fine.;)

beth3735

yes on both i was just to feel that it was part and parcel of loan and not optional on both.

just your thoughts on this part if you dont mind sorry i will stop bugging you soon

Also another question, I am claiming for LLoyds credit card PPI, plus I will be claiming for a Lloyds Loan PPI, will they pay seperate if I win? or would they just take it all off the Lloyds credit card amount?

Im only asking as the Lloyds credit card amount, even though is in my name, is my dads debt? The lloyds loan PPI payment if i get it I would of liked to of paid my own debts off?

di3004

beth3735 wrote: »

yes on both i was just to feel that it was part and parcel of loan and not optional on both.

just your thoughts on this part if you dont mind sorry i will stop bugging you soon

Awe bless you hun, your not bugging me......:rotfl::D my puter is playing up again and really slow.

In regards of being refunded, this can vary from one bank to another, some will if in arrears, pay towards them and if anything remaining, they will refund back to you, but otherwise I would personally put it into writing once you know and request they do this on your request, due to your personal reasons, there is no harm in doing that.

However, for more on refunds, check on how the FOS also calculates these, this may also give you some idea here:
http://forums.moneysavingexpert.com/showthread.html?t=1596473

Hope this helps hun, good luck.;)

beth3735

Thank you again, I would love to just let it all go to paying off my parents debts, but I still have my own to sort out. Grrr money is just frustrating at times

I will have a look at that link ta, and I will sort out the letters tonight and post tomorrow. I can then leave you be for a bit x