Can i claim?

getmefree

Hi all

Just a quick question i would like your views on please.

I took out 3 loans about 4/5 years ago. One was with HSBC, one with Nationwide and one with Egg. I defaulted on each of these as i took out a DMP and the debts were passed on to DCA's.

My question therefore is: can i reclaim any PPI that i may have been mis-sold? And do i go to HSBC et al or the DCA's? I have no idea of a/c numbers, t&c's etc. so i guess i'm not in the strongest position!!

Any help greatly appreciated.

Thanks.

di3004

getmefree wrote: »

Hi all

Just a quick question i would like your views on please.

I took out 3 loans about 4/5 years ago. One was with HSBC, one with Nationwide and one with Egg. I defaulted on each of these as i took out a DMP and the debts were passed on to DCA's.

My question therefore is: can i reclaim any PPI that i may have been mis-sold? And do i go to HSBC et al or the DCA's? I have no idea of a/c numbers, t&c's etc. so i guess i'm not in the strongest position!!

Any help greatly appreciated.

Thanks.

Hello there

Yes you can still reclaim on these.

You do this through HSBC complaints dept if they have a separate department for these, of just their standard address, where should still hold all your data going back as 5/6 years, even if they are passed on to DCA.

However if successful, they may refund towards the debt, and if anything remaining it should be refunded back to you, but all banks vary from one to another.

If you've no paperwork it may be a good idea to request a Subject Access Request (SAR), they should as stated above still hold info on your accounts, there is a charge of £10 postal order or cheque payment, and they have 40 days to send all info they still hold on you.
If they are unable to send it, then they will return your payment along with a letter to explain, but they should hold your details on your accounts anyway, despite them now being in a DCA.
Template here of SAR:
http://forums.moneysavingexpert.com/showthread.html?t=1475553
Post by recorded delivery as well, this is your proof of posting.

In regards of reclaiming, when your ready, this link here is the guidelines, with template letters, a checklist of mis selling reasons and so on, they have 8 weeks in full to respond, again use recorded delivery.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Hope this helps, please ask for help anytime, good luck and please also keep us posted on your progress.
Cheers.;)

getmefree

Many thanks, thats a huge help :-)

di3004

getmefree wrote: »

Many thanks, thats a huge help :-)

Your very welcome.
Please post up for help anytime as well, fingers crossed for you.;)

darrenk_3

hello im new to this site so hope im in the right place but think its great.i took out a loan in 2006 for 10,000..i was wondering if anyone knew where to send the template letter to reclaim ppi as i believe i have been.im with barclays bank but do i send letter to bank or the barclays insurance?any help would be much appreciated.thanks.

di3004

darrenk wrote: »

hello im new to this site so hope im in the right place but think its great.i took out a loan in 2006 for 10,000..i was wondering if anyone knew where to send the template letter to reclaim ppi as i believe i have been.im with barclays bank but do i send letter to bank or the barclays insurance?any help would be much appreciated.thanks.

Hi there and welcome.

Then first of all you actually write to Barclays bank who gave you the loan.;)

They have 8 weeks in full to respond, and post by recorded delivery for your proof of posting.

More info with guidelines of reclaiming here:
http://www.moneysavingexpert.com/rec...loan-insurance
Check this out, with templates, a checklist of mis selling reasons and so on.

Ask for further help anytime, and please keep us posted, good luck.;)

darrenk_3

hi all ive just sent my reclaim letter off to barclays so fingers crossed.
was wondering i went into my local branch last week to see someone about my current loan and enquired about ppi added to the amount,the lady told me barclays dont actually sell protection with there loans now and hasnt for 2 years now but i was still paying for it.can i reclaim this back?
wish i had known ive just send my reclaim letter away!

di3004

darrenk wrote: »

hi all ive just sent my reclaim letter off to barclays so fingers crossed.
was wondering i went into my local branch last week to see someone about my current loan and enquired about ppi added to the amount,the lady told me barclays dont actually sell protection with there loans now and hasnt for 2 years now but i was still paying for it.can i reclaim this back?
wish i had known ive just send my reclaim letter away!

Hi Darren

I do believe that some banks have stopped selling it, and if anyone requires it from the bank they now request it..I think.
But if you have been paying for it and have reasons to reclaim, then go for it.;)

darrenk_3

yeah ill see what rewards my reclaim letter brings di.
thanks for all of your advice.

di3004

darrenk wrote: »

yeah ill see what rewards my reclaim letter brings di.
thanks for all of your advice.

Not a problem Darren, keeping my fingers crossed for you.;)

christine_chris_chrissy

can you still put in a claim if you have claimed on the ins? I am sure you can't ?
I had loans from lloyds tsb had a claim which paid a few months while recovering from major surgery,when I went back to work I was made redundant & couldn't claim again because of time scale again I will have to get the files out.