Black Horse PPI Claim help!!

gratook

Made my phone call today and was advised that they have to credit the agreement first and that if there were no arrears (which there are none) I would get a refund, this is how they do things. After that any refund would be paid to me, I asked them to confirm this in writing, which they refused to do!

I now have to decide whether to trust them and sign the agreement and see if I get any money back, or just go to the FOS.

I'm thinking I will just sign the agreement, even if they don't refund any money, at least my monthly repayments will reduce and hopefully the time left to pay!

What do you think?

di3004

grb1975 wrote: »

Hi Di,

Thanks for your reply. I sent a letter off yeaterday via recorded delivery, requesting my PPI to be repaid which amounts to over £2500 to date including interest.

Just a thought, if they do repay me. I would still like to pay the full £267 per month to pay the loan off quickly. Any idea how long it would take to pay off the loan if i was to pay an extra £98 per month. As of today, i have 36 payments of £267 left (£168 loan / £98 PPI).

Thanks & regards
Glenn

Hi Glenn - your welcome.

Good luck with this.

I have not got a clue with workings out calculations sorry but I'm sure someone on here will be happy to check this out for you.

di3004

gratook wrote: »

Made my phone call today and was advised that they have to credit the agreement first and that if there were no arrears (which there are none) I would get a refund, this is how they do things. After that any refund would be paid to me, I asked them to confirm this in writing, which they refused to do!

I now have to decide whether to trust them and sign the agreement and see if I get any money back, or just go to the FOS.

I'm thinking I will just sign the agreement, even if they don't refund any money, at least my monthly repayments will reduce and hopefully the time left to pay!

What do you think?

Hi there

I know what you mean.

You could still contact the FOS for advice on this before you sign, and if the bank did not do as they said they would you can still go to the FOS, realistically what they are going to do should be put into writing, so ring the FOS on this tomorrow and see what they suggest, at least your doing this in advance, good luck.;)

grb1975

gratook wrote: »

Made my phone call today and was advised that they have to credit the agreement first and that if there were no arrears (which there are none) I would get a refund, this is how they do things. After that any refund would be paid to me, I asked them to confirm this in writing, which they refused to do!

I now have to decide whether to trust them and sign the agreement and see if I get any money back, or just go to the FOS.

I'm thinking I will just sign the agreement, even if they don't refund any money, at least my monthly repayments will reduce and hopefully the time left to pay!

What do you think?

Hi Graham,

How are you getting on with BH? I am in a similar situation to you and am wondering how BH will play their hand with me and what their timescales are.

Cheers
Glenn