am i too late

buggsyjim

just joined the group and i need some advice regarding a 5 year loan that has been paid up for a number of years.i have the paperwork but no account number,i paid a one off payment that was added into the agreement at the time of the loan,so to my mind i paid interest on the ppi, am i correct in thinking that this practice illegal,and am i to late to try to claim anything back,my last payment was 18/02/2002,
thank you for any info that may be forthcoming,
jim

di3004

buggsyjim wrote: »

just joined the group and i need some advice regarding a 5 year loan that has been paid up for a number of years.i have the paperwork but no account number,i paid a one off payment that was added into the agreement at the time of the loan,so to my mind i paid interest on the ppi, am i correct in thinking that this practice illegal,and am i to late to try to claim anything back,my last payment was 18/02/2002,
thank you for any info that may be forthcoming,
jim

Hello and welcome.

I would defo give it a go for the sake of a few possible stamps.

Many on here have been successful in reclaiming as from the 1990's.

So there is no account number actually shown on your loan paperwork?
Normally the account number are on them, but if you any old bank statements, when the monthly repayments were being paid out, the account number is also normally shown next to the loan monthly repayments.

If you do not have these onhand and still with the same bank, also if you have online banking, it may be worth you checking it out on the statements online, this should allow you to go back as far as 5/6 years at least.

How long ago did you settle this loan?

buggsyjim

last payment on the loan was 18/02/2002 and there is a reference no with it,so as you say i`ll give it a go,will let you know how i get on.
thanks for your help, jim.:T

di3004

buggsyjim wrote: »

last payment on the loan was 18/02/2002 and there is a reference no with it,so as you say i`ll give it a go,will let you know how i get on.
thanks for your help, jim.:T

With pleasure Jim, go for it.:T:T
Look forward to hearing the outcome of this.:beer:

buggsyjim

hi there,
after taking the advice given regarding reclaiming ppi on my old loan,(no reply as yet) i decided to claim on a more recent ppi,i have just received a reply stating that because my complaint is more than 6 years old it does not automatically qualify for investigation,and it would be difficult to find any documents that would validate all the facts,(i sent a copy of my agreement at the time of writing to them). they are now advising me that they are unable to deal with my complaint and that this is their final response,they have advised me to contact the Finance and Leasing Association if i wish to pursue this matter.Can anyone tell me who these people are ,and are they any good at resolving this type of complaint?
thank you for any light you can shed on this subject,i do appreciate your comments.
jim

di3004

buggsyjim wrote: »

hi there,
after taking the advice given regarding reclaiming ppi on my old loan,(no reply as yet) i decided to claim on a more recent ppi,i have just received a reply stating that because my complaint is more than 6 years old it does not automatically qualify for investigation,and it would be difficult to find any documents that would validate all the facts,(i sent a copy of my agreement at the time of writing to them). they are now advising me that they are unable to deal with my complaint and that this is their final response,they have advised me to contact the Finance and Leasing Association if i wish to pursue this matter.Can anyone tell me who these people are ,and are they any good at resolving this type of complaint?
thank you for any light you can shed on this subject,i do appreciate your comments.
jim

Hi Jim
Many have still been successful in reclaiming as from the 1990's, so keep at them.
May I ask you again what Finance company this is?

However, there is no harm in asking the FOS anyway, if they cannot investigate this through the broker, then they will consider the insurer/underwriter, do you know who these may be?

buggsyjim

hi di3004
the company in question is GE Money, unfortunately i do not know the underwriters/brokers name,but the company i took the loan out with were First National Bank,hope this helps you,i do appreciate the time you are giving to me
thank you ,jim.:A

di3004

buggsyjim wrote: »

hi di3004
the company in question is GE Money, unfortunately i do not know the underwriters/brokers name,but the company i took the loan out with were First National Bank,hope this helps you,i do appreciate the time you are giving to me
thank you ,jim.:A

Hi Jim, and your most welcome.:A

I will have a look about and also check on Marshallka's sticky Resources thread as well, there may be some info on that thread of the underwriters, other than that I will try asking about for you and try to get back to you as soon as possible.

Meanwhile, hopefully others will post up as well who may have these details for you.;)

Di
X

di3004

Jim, I am using another computer at this present time, and have a few settings to set up, so having some problems opening links at the moment, so I thought I would post this here from Marshallka's thread, which may be of some help, hope you can open this link here below, good luck.
http://www.competition-commission.org.uk/rep_pub/reports/2009/fulltext/542_2_7.pdf

I will still try checking this out for you as well.;)

Di
X

marshallka

I have just had a scan through the competition commission document and cannot see FN or GE. Will try and find out though?

di3004

marshallka wrote: »

I have just had a scan through the competition commission document and cannot see FN or GE. Will try and find out though?

Thank you Marshallka.;)
I know you have a lot to deal with as well recently, but if you come across anything that would be cool, cheers XXX:beer: