Need some help please on a LTSB loan 2001

skippy64

Hi, as well as GE/iGroup loan (personal) which I have sent off info for now I was today about to send out a SAR to Lloyds TSB today requesting all info pertinent to a loan (business) that I know we took out in 2001 as I had been searching for all the info relevant to it without much success other than the loan account number.
I have just found our opening statement for the loan & it shows the following info of £1,303.70 as Insurance Premium at the start of the loan.
What I would like to know is shall I just send out the SAR anyway at this stage or is there an a template specific to requesting the relevant insurance documents I could send instead so that we can clarify under what terms the insurance was sold.
The loan was a business loan to a business partnership, not a limited company & the loan is all paid up now so any help would be appreciated as to how we do any calculations over the interest if as we hope that the insurance would have been mis-sold to us.
Cheers

di3004

skippy64 wrote: »

Hi, as well as GE/iGroup loan (personal) which I have sent off info for now I was today about to send out a SAR to Lloyds TSB today requesting all info pertinent to a loan (business) that I know we took out in 2001 as I had been searching for all the info relevant to it without much success other than the loan account number.
I have just found our opening statement for the loan & it shows the following info of £1,303.70 as Insurance Premium at the start of the loan.
What I would like to know is shall I just send out the SAR anyway at this stage or is there an a template specific to requesting the relevant insurance documents I could send instead so that we can clarify under what terms the insurance was sold.
The loan was a business loan to a business partnership, not a limited company & the loan is all paid up now so any help would be appreciated as to how we do any calculations over the interest if as we hope that the insurance would have been mis-sold to us.
Cheers

Hi there

If you call in to your local branch, just as long as you have the account number they may be able to track this down for you, ask them if they are able to do this and give you a copy of the agreement, you do not have to give any reason, just tell them if they do ask you have mis laid some documents, if this helps.;)

Otherwise an SAR should help, of the account have been running or even settled the last 5/6 years then they will hold the most of the info.

However, you can still reclaim on the PPI, just as long as you have the account number, sometimes they send some relevant information back with their letter.

Hope they can do this for you, good luck.

skippy64

Thank you for your reply.
Think I'll do that, call in the branch when I can this week for details about that specific one.
I'm going to send the SAR off anyway as well as prior to that loan we had a smaller one that got bundled into the new one but I cannot find any details for that one.
How do you sort out the interest side of it all? Do they do it & can it be verified for accuracy?
I suppose the SAR will be handy anyway if there are any errors about us that might need sorting out.
Once again thankyou for your help.

di3004

skippy64 wrote: »

Thank you for your reply.
Think I'll do that, call in the branch when I can this week for details about that specific one.
I'm going to send the SAR off anyway as well as prior to that loan we had a smaller one that got bundled into the new one but I cannot find any details for that one.
How do you sort out the interest side of it all? Do they do it & can it be verified for accuracy?
I suppose the SAR will be handy anyway if there are any errors about us that might need sorting out.
Once again thankyou for your help.

Good one and your welcome........:T;).

In regards of the interest, if its an offer they don't always give this but you still request for this, I would not worry when you write to reclaim about writing the figures, even though its good to know the figures, they should actually provide you with a detailed breakdown.

However, if they accept liability then your entitled to the interest, also 8% interest of what a court would award.

Your SAR should provide info on figures etc.

When you start your reclaiming, this link here is useful to help you through this:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
They have 8 weeks in full to respond.

To give you an idea on how the FOS works out calculations, link here:
http://forums.moneysavingexpert.com/showthread.html?t=1596473

Hope this helps and gives you some idea on how this is done.;)