PPI Reclaiming

Jozzo

Just joined today. Would be VERY grateful for any help with this...

I have taken out 3 loans with NatWest. The first loan was taken out in 1999 (i believe - unfortunately I have lost the paperwork) and then rolled it over into another loan in 2005 and then into a third one in 2007. I would like to reclaim PPI as this was missold to me. I wrote to the Branches where I have taken the loans out using using one of Martin's template letters requesting copies of ALL original loan agreements with Insurance and Interest charges. I recieved a reply from NatWest in a week, providing just basic information of the last loan.

Although they were rolled over, at the time of taking them out, the loans were for different amounts, at different interest rates and different PPI charges; and I did make the payments - 6yrs for the first one, 2yrs for the second and almost 4 years for the 3rd.

Question:

Is NatWest right in just looking at the last loan or should they deal with each loan seperately?

Should I therefore write back to them and point this out and insist on them providing the information seperately?

PS I have used the records of old bank statements online for reference.

Thanks for all the good work and look forward to your help.

dunstonh

Although they were rolled over, at the time of taking them out, the loans were for different amounts, at different interest rates and different PPI charges; and I did make the payments - 6yrs for the first one, 2yrs for the second and almost 4 years for the 3rd.

There is no such thing as "rolled over". You pay off the loan account closes and you may start another one. The old one is dead and info will be destroyed after 6 years typically.

Is NatWest right in just looking at the last loan or should they deal with each loan seperately?

They will look at what data they have and that means last 6 years typically on closed accounts.

PPI_Technichal_Expert

Jozzo wrote: »

Just joined today. Would be VERY grateful for any help with this...

I have taken out 3 loans with NatWest. The first loan was taken out in 1999 (i believe - unfortunately I have lost the paperwork) and then rolled it over into another loan in 2005 and then into a third one in 2007. I would like to reclaim PPI as this was missold to me. I wrote to the Branches where I have taken the loans out using using one of Martin's template letters requesting copies of ALL original loan agreements with Insurance and Interest charges. I recieved a reply from NatWest in a week, providing just basic information of the last loan.

Although they were rolled over, at the time of taking them out, the loans were for different amounts, at different interest rates and different PPI charges; and I did make the payments - 6yrs for the first one, 2yrs for the second and almost 4 years for the 3rd.

Question:

Is NatWest right in just looking at the last loan or should they deal with each loan seperately?

Should I therefore write back to them and point this out and insist on them providing the information seperately?

PS I have used the records of old bank statements online for reference.

Thanks for all the good work and look forward to your help.

Were the policies sold on the second and third loans single premium? If so check whether you were entitled to a pro rata rebate upon early cancellation. If not, then the policies on both of those loans were missold. Cheers

Jozzo

dunstonh wrote: »

There is no such thing as "rolled over". You pay off the loan account closes and you may start another one. The old one is dead and info will be destroyed after 6 years typically.



They will look at what data they have and that means last 6 years typically on closed accounts.

dunstonh

Many thanks for your help and advice on this. I went for it and got offers on all three claims even though I just applied for two. Total offer was £10,930 .
A million thanks. :j

dunstonh

Total offer was £10,930 .

Well done. I bet that will make a difference.