Defaulted loan & PPI - Where do I stand?

lee75_uk_2

Hi, I took a loan out in 1999 and was forced to take the PPI along with it (take it or we can't complete the loan). I have a couple of questions.

I am still paying this loan off through an attachment on my earnings. Am i still eligable to reclaim the PPI?

As this loan was taken out nearly 13 years ago, I don't have a lot of the documentation, is there anyway I can get this?

The loan was taken out with ICF loans but I don't think they are around anymore...can I still claim?

The loan was for £5K, the interest & PPI was around £8.5K making the total amount repayable (which is almost repaid) to £13.5K. Can I reclaim any interest or missed payment charges as well?

Any help is much appreciated.

Regards

Lee

di3004

Hi Lee

If you have the account number you can still make a reclaim without the need of the paperwork as such, not everyone requests for the paperwork, just as long as you have the account number and know you were sold and mis sold the PPI, then go for it.

They will send the relevant details if they need to while you making a reclaim, such as the loan agreement, they may still have details on this and send a copy.
Whoever set up and sold you the loan are normally the ones you pursue, but I note you said you don't think they are active anymore.

If you contact the Financial ombudsman service (FOS) they may know if the business are still active or not, and if they are no longer active they may suggest the underwriter/insurer avenue of the policy.
http://www.financial-ombudsman.org.uk/contact/index.html

lee75_uk_2

Hi, Thanks for the speedy response.....after a thorough search in my loft I have managed to find most of the paperwork including the credit agreement, insurance certificate and correspondence between myself and the company regarding the outstanding balance.

I am a little confused !! The letter has the companies registration number 3983423 but when i look on companies house it states that company is as below tey it is on ICF Loans letter headed paper !

BOOKER MANAGEMENT SERVICES LIMITED
GLENTOR
BALLAND LANE
ASHBURTON
DEVON
TQ13 7DA
Company No. 03983423

Next question, can i claim against Booker management services? or do I go straight for the insurance company?

magpiecottage

Booker Management Services did not exist until 20 April 2000 so it cannot have sold something to you in 1999.

The insurer is also unlikely to have any liability if it did not actually sell its policy.

lee75_uk_2

Have they since bought ICF loans? The registration number on the credit agreement is for ICF Loans but later correspondence (2007) has ICF on the letter head but the registration relates to Booker Management Services?

The registration number relating to ICF shows they are in liquidation but I am still paying this debt through a CCJ I presume to BMS?