Take the Banks to court to reclaim PPI

debt55

dunstonh wrote: »

The term "IFA" is not recognised with general insurance. If an IFA is recommending insurance they are not doing it with their IFA hat on.

I'm sorry to disappoint you but I have no cases on that front.



I suggest you read up on the different classifications before telling me what i do and dont know.


Which is all fine and well and generally matches what everyone on this board, including myself, has said. Single premium where interest is added to it is bad.



You are changing the subject now. You didnt say single premium only (and one assumes you mean only the types with interest added). You only added that later in your thread. Your topic title and first post just said PPI. If you had said single premium with interest charged then I would agree with you. However, you didnt. You said PPI which covers all types.

I think if you really wanted to be helpful to the users of these boards, you would have worked it out instead of putting a road block up instantly.

I'm glad you finally seel the light.

so, take the banks on in the small claims if they use the JR as an excuse to hold the claim.

debt55

TheRealDeal wrote: »

Its good to see someone else who is thinking like I am.

I got conned by Beneficial Claims aka We Fight Any Claim and used the online Money Claim to get my money back, within days of using the service my money was back in my account and an apology given.

Before this I had spent a fortune and hours of my time on the phone for 4 months asking for my money and getting nothing but an absolute outright NO to my demand for a refund.

Just shows you !

Anyways I decided since the Money claim system worked so well for me that I would skip the usual long drawn out way of demanding PPI back and basically sent a letter to a Credit card company and told them I was Mis-sold the PPI and they need to pay it back.

They tried to fob me off of course so my second letter had a detailed explanation of why they have mis-sold it to me and of all the ways I plan on getting it back by complaining to the FoS and issuing a claim via Money Claim etc.

I told them they have the usual 40 days to pay up or shut up and see me in court and I will be requesting legal costs to be re payed by them plus the statutory 8% unless they want to get in touch soon with offer of a Refund.

I am still waiting on my response, its been 3 weeks.

40 days was way too long, 2nd letter should have been a LBA giving them 14 days.. then just pay the 70 odd quid and file online

cheque in the post :cool:

TheRealDeal_2

debt55 wrote: »

40 days was way too long, 2nd letter should have been a LBA giving them 14 days.. then just pay the 70 odd quid and file online

cheque in the post :cool:

Well I thought it through, I never gave them the 40 days in my fist letter that the OFT guidelines state blah blah blah.

So with the 2nd letter they get given their 40 days plus an ultimatum.

Should they fail to respond within the 40 days I will report them to the FoS and send them a 3rd letter letting them know that the FoS has a complaint from me and my next move will be as promised to file a claim against them with Money Claim Online.

I'll give them 7 days to stop me filing the claim and see if they give up.

Hopefully though they give up now within their 40 days given so I don't need to go through the motions.

debt55

TheRealDeal wrote: »

Well I thought it through, I never gave them the 40 days in my fist letter that the OFT guidelines state blah blah blah.

So with the 2nd letter they get given their 40 days plus an ultimatum.

Should they fail to respond within the 40 days I will report them to the FoS and send them a 3rd letter letting them know that the FoS has a complaint from me and my next move will be as promised to file a claim against them with Money Claim Online.

I'll give them 7 days to stop me filing the claim and see if they give up.

Hopefully though they give up now within their 40 days given so I don't need to go through the motions.

They rarely give it up until the claim is filed, they will always call your bluff, thats why is does not matter how long you give them.

sooner you file online the sooner you get paid.

TheRealDeal_2

debt55 wrote: »

They rarely give it up until the claim is filed, they will always call your bluff, thats why is does not matter how long you give them.

sooner you file online the sooner you get paid.

I know mate they will do anything to avoid paying out but they know they have to, your legally entitled to a refund plain and simple.

I'll be filling a claim very soon.

debt55

TheRealDeal wrote: »

I know mate they will do anything to avoid paying out but they know they have to, your legally entitled to a refund plain and simple.

I'll be filling a claim very soon.

Good stuff.

Make them PAY.

marshallka

TheRealDeal wrote: »

Well I thought it through, I never gave them the 40 days in my fist letter that the OFT guidelines state blah blah blah.

So with the 2nd letter they get given their 40 days plus an ultimatum.

Should they fail to respond within the 40 days I will report them to the FoS and send them a 3rd letter letting them know that the FoS has a complaint from me and my next move will be as promised to file a claim against them with Money Claim Online.

I'll give them 7 days to stop me filing the claim and see if they give up.

Hopefully though they give up now within their 40 days given so I don't need to go through the motions.

Money claim online is OK for them that actually KNOW what they are wanting to reclaim exactly (as you have to put a figure in for whatever the amount is you are reclaiming) but what about the people that have no idea how to work out their claims?

debt55

marshallka wrote: »

Money claim online is OK for them that actually KNOW what they are wanting to reclaim exactly (as you have to put a figure in for whatever the amount is you are reclaiming) but what about the people that have no idea how to work out their claims?

Well... how do those people get the figures in the current system of sending letters/questionnaires?

marshallka

debt55 wrote: »

Well... how do those people get the figures in the current system of sending letters/questionnaires?

They don't write figures. They just "accept" what the FOS says is putting them back into the position as if they never had the PPI OR they get their offer and accept. Its only some people who can work them out for themselves and some can be very complicated where rebates are concerned and rule 78 calculations are used in settlements.

debt55

marshallka wrote: »

They don't write figures. They just "accept" what the FOS says is putting them back into the position as if they never had the PPI OR they get their offer and accept. Its only some people who can work them out for themselves and some can be very complicated where rebates are concerned and rule 78 calculations are used in settlements.

I think its up to the consumer to decide.

FOS are currently 12-18 months waiting time.

You can file a claim online after 14 days LBA.