regarding ppi refunds and debt companies

woodymeg

Can i just ask, we have a loan with a company with fell into arrears so they sold it to a debt company which we are slowly paying off each month. I successfully reclaimed the ppi on this loan from the original loan company, what im asking is does the debt company need to readdress the figures as they have the amount with the ppi included in it which we got returned through misselling on the single payment insurance. The amount would have been less if it was still with original loan company any views or have i got it completely wrong x x

di3004

woodymeg wrote: »

Can i just ask, we have a loan with a company with fell into arrears so they sold it to a debt company which we are slowly paying off each month. I successfully reclaimed the ppi on this loan from the original loan company, what im asking is does the debt company need to readdress the figures as they have the amount with the ppi included in it which we got returned through misselling on the single payment insurance. The amount would have been less if it was still with original loan company any views or have i got it completely wrong x x

Hi Woodymeg, hope your well.

I am not too sure on this one to be honest, but sure someone will know, although in my opinion if the PPI was refunded this should not be included in any calculations, but I would ask them to send you an uptodate statement if they can do this for free.;)
Good luck X

woodymeg

di3004 wrote: »

Hi Woodymeg, hope your well.

I am not too sure on this one to be honest, but sure someone will know, although in my opinion if the PPI was refunded this should not be included in any calculations, but I would ask them to send you an uptodate statement if they can do this for free.;)
Good luck X

hi yes im well thanks, pleased to hear you getting somewhere with your claims really pleased for you. I know, this is abit confusing but occured to me today while i was sorting things out. If no one comes back to me think i will phone original loan company up tmorra and see what they say or will try fos see what their opinion is.

Andrew_Thomas

the full amount of debt was passed over to the company and you have no been refunded the ppi amount, i would guess that it would not come off but it is certainly worth the effort to check as im sure this would save you lots of ££££££'s

woodymeg

Andrew_Thomas wrote: »

the full amount of debt was passed over to the company and you have no been refunded the ppi amount, i would guess that it would not come off but it is certainly worth the effort to check as im sure this would save you lots of ££££££'s

Found out yesterday that its not the case as the original company have refunded me the ppi amount of this debt so i still owe the debt company the original amount x still doesnt sound right tho x

Stuart_1980

When you got a refund did you receive cash?

woodymeg

Stuart_1980 wrote: »

When you got a refund did you receive cash?

yes, have spoke to fos this morning and have been cleared up on it thanks x