In need of some help to get started

lewey

hi there everyone,

i am a little confused about the mis selling of PPI and also bank charges,

firstly i'd like to apologies if i have put these in the wrong places, (spot the Newbie).

well 1st off i used to be self employed and i took out a £5000 laon for 5 years 3 years ago with lloyds. whom i bank with, my bussiness bank manager sorted out the loan and all i had to do was sign, this includes the PPI and as far as i new i had to have this as she gave me no options not to, seeing as i was self employed i thought this was not very usefull but had the impression i could only have the loan if i had the PPI, is this an open and shut case for the reclaim proccess or just my bad luck?
any light on this would be really appreciated

on another note, does anybody know if you can reclaim bank charges from a bussiness current account, well seeing as it was a contributing factor of giving up the self empolyment life, over the 3 year period of self employment i must have paid lloyds 1000's of there charges as they chase you whilst you chase the customers to pay thge bank charges, just seemed like ever decreasing circles!!

thankyou all

your help is greatly welcomed

lewis

di3004

Hi Lewis and welcome.;)

Your in the correct place in regards of reclaiming PPI, there is another thread to reclaim your charges, which is here:
http://forums.moneysavingexpert.com/...lay.html?f=102
They should be able to help and tell you more on the charges matter.

However, I would check the link below, to give you an idea of mis selling of PPI and with your reasons you have, write to the Lloyds to reclaim on the mis sold ppi and the interest etc.
Link here to useful info, a checklist of mis selling reasons and letter templates, you can use the templates if you want to or as a guide.
http://www.moneysavingexpert.com/rec...loan-insurance

Write to them, with the reasons you have stated, also check on the above link for the checklist of other reasons that may also occur to you, they have 8 weeks to respond in full.
Do not worry about writing the amounts down though.

If they do not uphold/resolve in your favour, you can take your complaint to the Financial ombudsman service (FOS), the final decision should enclose the FOS details.

Post by recorded delivery, this is your proof of posting.

I am aware that the FOS are on the Lloyds bit time at the moment in regards of the ppi mis selling etc, so hopefully Lloyds will resolve in your favour, and it may not have to go as far as the FOS, but you have this option of the FOS if your not happy with the decision.

Another option is you can ring the FOS and ask if they can deal with this on your behalf, they will do this on request, just as long as you give all the info and details, this way it may get dealt with quicker for you.

So if you want to give the FOS a ring and see what they have to say, good luck and please keep us posted.;)
http://www.financial-ombudsman.org.u...act/index.html

jazzconfused

hi everyone

im new here and so glad i found this site.

i took a loan from barclays march 2003 for a friend who desperately need money for her father's major operation. did not want to take PPI and i wanted the loan for 2-3 years but the person from barclays said I need to take PPI inorder to have it plus she said I will be better off to take 5 yrs which I did do u think i still have a chance claiming it backsince its more than 6 years old?? i still have the agreement paper with me. i need guidance.

pls. help.

marshallka

jazzconfused wrote: »

hi everyone

im new here and so glad i found this site.

i took a loan from barclays march 2003 for a friend who desperately need money for her father's major operation. did not want to take PPI and i wanted the loan for 2-3 years but the person from barclays said I need to take PPI inorder to have it plus she said I will be better off to take 5 yrs which I did do u think i still have a chance claiming it backsince its more than 6 years old?? i still have the agreement paper with me. i need guidance.

pls. help.

Yes, if you have reasons for misselling then you can still put a complaint in after 6 years.

Take a look through the reclaiming guide here

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

There are template letters on for making the complaint but its always best to try to adapt your own from this as its more personal to your own reasons.

You then send to the firm that actually sold you the insurance and give them 8 weeks for a full and final response. Send all correspondence by recorded delivery and good luck.

jazzconfused

hi everyone

im new here and so glad i found this site.

i took a loan from barclays march 2003 for a friend who desperately need money for her father's major operation. did not want to take PPI and i wanted the loan for 2-3 years but the person from barclays said I need to take PPI inorder to have it plus she said I will be better off to take 5 yrs which I did do u think i still have a chance claiming it backsince its more than 6 years old?? i still have the agreement paper with me. i need guidance.

pls. help.

marshallka

jazzconfused wrote: »

hi everyone

im new here and so glad i found this site.

i took a loan from barclays march 2003 for a friend who desperately need money for her father's major operation. did not want to take PPI and i wanted the loan for 2-3 years but the person from barclays said I need to take PPI inorder to have it plus she said I will be better off to take 5 yrs which I did do u think i still have a chance claiming it backsince its more than 6 years old?? i still have the agreement paper with me. i need guidance.

pls. help.

I did leave a post for you above.