blackhorse ppi reclaim success!

evansdad

i wrote to blackhorse with template letters from this site on july 09,i sent them recorded delivery stating my ppi was missold to me by them telling me it would aid my chances of being accepted for my loan,i got no replie after 3 letters until 15th jan 2010 when i received a letter saying the policy wasnt missold but as a gesture of goodwill they will return all payments made by me plus 8% interest totalling £2465!!!! stick at it but do it by the book,it works!:j

roysmissus

Congratulations well done, nice to see someone else getting their PPI back off Blackhorse. I am on my second set of letters after being told my PPI had not been mis-sold so fingers crossed.

di3004

evansdad wrote: »

i wrote to blackhorse with template letters from this site on july 09,i sent them recorded delivery stating my ppi was missold to me by them telling me it would aid my chances of being accepted for my loan,i got no replie after 3 letters until 15th jan 2010 when i received a letter saying the policy wasnt missold but as a gesture of goodwill they will return all payments made by me plus 8% interest totalling £2465!!!! stick at it but do it by the book,it works!:j

This is great :T:T
Well done and Congratulations, so happy for you.:beer::j:j

dipstickzoe

well done.im still having a team of so called expert solicitors fighting and still waiting after 2 years!!

woottonfields

PPI was £3157.10
Total amount Payable at APR 7.9% over 120 months £4522.80

I redeemed the secured loan early and received a refund of £2950.98.
Letter says that to bring matter to a conclusion a more favourable rebate pro rata of £3121.76. So a refund of £170.78.
I have put in for a claim of £1571.82 + £628.72 interest as loan was back in 2005.
Could somebody please advise me if this is the correct amount to ask for please.

mummaof4girls

Hi i am new to this site and am proberly intotally the wrong place , i have a question does the ppi only relate to loans ,i bought a car on hire purchase from a well known car dealership and got the finance through them which was black horse do i have a case for mis-sold insurance can any one tell me please.:)

di3004

mummaof4girls wrote: »

Hi i am new to this site and am proberly intotally the wrong place , i have a question does the ppi only relate to loans ,i bought a car on hire purchase from a well known car dealership and got the finance through them which was black horse do i have a case for mis-sold insurance can any one tell me please.:)

Hi and welcome, do not worry, if you want to start your own thread though that is up to you but no worries.;)

The PPI reclaiming stands for a number of finance, loans, credit cards, car finance, store cards, catalogues and so on.

For more info with guidelines of reclaiming on link below, good luck and ask for help if you require any from here, and please keep us posted.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

nic115

i sent an e-mail to Blackhorse regarding miss-sold PPI and when callng today was advised a letter has been sent to advise that they are currently in a court case regarding FOS not looking into mis-sold ppi correctly. So in view of this i would say anyone that has claimed since October 2010 will have a long wait.

di3004

nic115 wrote: »

i sent an e-mail to Blackhorse regarding miss-sold PPI and when callng today was advised a letter has been sent to advise that they are currently in a court case regarding FOS not looking into mis-sold ppi correctly. So in view of this i would say anyone that has claimed since October 2010 will have a long wait.

Hi and welcome

Good luck and thank you for posting this up.;)

nightshadow

HI, Firstly i apologise if i'm writing this in the wrong place but i'm new this. After taking out a 5 yr loan with P.P.I from B.H.F. in late 2003, i was stopped working in 2004 and am still off work with no outlook of returning to work due to health. I made a claim on the insurance which they paid for two years after which was informed they would no longer pay so i would have to retake over the payments which i did, With no way of meeting original payments i managed to reduce payments and have the interest frozen but at the present time it is still going to take another 9 yrs to clear taking this 5 yrs to a total of 16 yrs having never missed or made a late payment was wondering if there is anyway out of this as i thought the P.P.I. covered me for the duration of the loan and not just two years. Any help would be greatly received thanks in advance.

di3004

nightshadow wrote: »

HI, Firstly i apologise if i'm writing this in the wrong place but i'm new this. After taking out a 5 yr loan with P.P.I from B.H.F. in late 2003, i was stopped working in 2004 and am still off work with no outlook of returning to work due to health. I made a claim on the insurance which they paid for two years after which was informed they would no longer pay so i would have to retake over the payments which i did, With no way of meeting original payments i managed to reduce payments and have the interest frozen but at the present time it is still going to take another 9 yrs to clear taking this 5 yrs to a total of 16 yrs having never missed or made a late payment was wondering if there is anyway out of this as i thought the P.P.I. covered me for the duration of the loan and not just two years. Any help would be greatly received thanks in advance.

Hi and welcome

You may be able to cancel the ppi, as i assume your still paying for it even though its no longer paying out.

Maybe you could write to them and ask them to cancel the ppi as your no longer in the position to be eligible for it due to ill health, even though they have paid out in a claim, its can still be reclaimable depending on your reasons, I note you were not aware it did not cover for the life of the loan, you could make them aware of this and what normally would happen if you was successul, the amount would be reduced due to successful claims being made.

There is write up of Martin's below....

Have you already claimed on the insurance?
Until Jan 2010 it had been generally assumed you could not make a misselling complaint if you've already made a successful insurance claim because that would indicate the policy was suitable. Yet proposals from the regulator now mean more people could be entitled to compensation.

Anyone who has claimed on a PPI policy can still submit a misselling complaint, though the chances of success are unclear. However even if you're not successful you may be able to cancel your insurance.
As shown on here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance