PPI Reclaiming Discussion Part 5

amersall

chrisecole wrote: »

i have completed the form and about to send it off. Do i send it to Acenden, who send me letters or Eurosail uk who they are sending it for.
Has anyone had any success claiming from them

Who did you get the loan through? that is who you put the claim into.
Good luck.

sassyone19

Hi does anyone know who underwrote ppi for gratton catalogue as. I sent my complaint to the fos and they want to have a copy of my policy. But I Neva received one all I have is lots of old statements showing ppixcan anyone helpxwould b much appreciated

chrisecole

amersall wrote: »

Who did you get the loan through? that is who you put the claim into.
Good luck.

But the original company, SPPL has long gone. Which is why I am not holding out too much hope

di3004

chrisecole wrote: »

i have completed the form and about to send it off. Do i send it to Acenden, who send me letters or Eurosail uk who they are sending it for.
Has anyone had any success claiming from them

Hello there

You send to the company that set up and sold you the account.

I know this can be confusing, because if a loan broker for example is used, the paperwork is mainly that of the lender's.
But in other words if a broker were used, you pursue them.

Good luck.

di3004

sassyone19 wrote: »

Hi does anyone know who underwrote ppi for gratton catalogue as. I sent my complaint to the fos and they want to have a copy of my policy. But I Neva received one all I have is lots of old statements showing ppixcan anyone helpxwould b much appreciated

Hi there
I am unaware of who the underwriters/insurer was, but what you do is contact/write to the catalogue head office and ask them to send you a copy of the insurance details.

The details of the underwriter/insurer will be enclosed on them, they will send this free of charge.

Good luck.

di3004

chrisecole wrote: »

But the original company, SPPL has long gone. Which is why I am not holding out too much hope

Hi there

Do you mean they are no longer active, dissolved etc?

If this is the case, depending what year you taken this out, the business if they have gone down under maybe listed with the Financial compensation scheme (FSCS).

If then for example you were sold this account anytime from 14 Jan 2005, the business I assume would have been regulated by the FSA, the FSCS will take on cases if the business was regulated at the time you taken out the policy.

More details below......
http://www.fscs.org.uk/can-we-help/

If so contact them and they will arrange to send you out a form.

Otherwise, it maybe a case of having to go the underwriter/insurer avenue.
The Financial ombudsman service (FOS) have suggested this avenue as another way of trying to get your money back to you, and check the liabilities the insurer may have had when the policy was sold to you, and its possible they were regulated, then the FOS are able to take the case on if this fails with the underwriter/insurer too.

If you do not know who the underwriter/insurer are, the lender who you paid the payments to will send the payment protection policy details to you on request.

Hope this helps and the best of luck.

1s10ma

I received a cheque of 149.00 from halifax for ppi payment on my cc. The account was opened in August 2006 and I have been paying monthly ppi of 28.00.
They said that is the amount due to me from when the card was opened until ppi was cancelled. They did not mention when precisely the ppi was cancelled and the account is still live.

I have written to them to give me a breakdown of all ppi charges paid since 2006 and to also confirm when it was cancelled. I also ask the they recalculate my claim.

I have already cashed the cheque of 149.00 and hoping they will top it up.

Can anyone else suggest the next approach?

icehockey44

Hi all,

I am just joining in on the PPI claim thing, was going to do it from a company that cold called me.

When claiming over the phone, can you just ask the question " am I entitled to a claim", or is it a bit more difficult than that!!!

Maverick2u

Hi Folks,

I made an very unexpected discovery while cleaning out some cupboards yesterday, of two 'customer copies' of loans taken out a very long time ago to purchase my first motorbike and first car, which both seem to have types of PPI included!!

Loan 1 (Bike): April 1994, A44 Motorcycles, Leominster, Herefordshire
I was just 16yrs old and loved a motorbike in the shop near where I worked. So when the salesperson said that I could buy it on finance I jumped at the chance.
He filled in all of the Lloyds Bowmaker document and told me the 'Optional Credit Insurance Premium' had to be included to enable the loan to go ahead:
Cash Price £1464 - Deposit £164 = Sub Total £1300
Optional Credit Insurance Premium £148.25
Amount of Credit £1448.25 + Interest £593.91 + Doc. Fee £15
Total for Credit £608.91
Balance £2057.16
Total Cash Price £1612.25
Total Amount Payable £2221.16
24 x payments of £85.09

He ticked/crossed out various boxes and my father was listed as a 'Second Customer', which required his signature to accompany mine at the bottom of the form.

Loan 2 (car) August 1995, Hartwells Ford Hereford
I was 18yrs old and didn't require my father to counter sign anything for this purchase.
Total Cash Price: £6995 - Deposit £995 = Credit £6000
Charge for credit: £2880 + £15 Admin = £2935
Balance of Amount Payable: £8935
Total Payable: £9930
48 x payments £185

Unlike the Lloyds document, this one has a separate section on the page stated 'Protected Payments Plan' which I had signed due to the salesperson stating that it was required to validate the document or something like that (I certainly was NOT told it was optional)!!!



I'll be extremely gratefull to any advice about how I stand with these very old documents.

Are they to be trashed or cashed??

ronnie123456

Hi..

Facts are that I took out a Loan with NR in 2002 for £15k, and I have only just found the paperwork this weekend once doing some shredding!

On the agreement what I didn't realise is that on top of the £15k, £6.5k was PPI the total payable back for the loan was £30k over a 10 year period.

I do not recall ever agreeing to the PPI let alone over a 10 year period, plus having interest added to this one off premiumof £6.5k!!!

I ran into financial difficulties in 2009, and had to go down the DMP route, in 2010 I managed to get a friend to help me come to some deals with my creditors to clear the balances of my debts - one of which was NR.

On the basis of the above, does anyone think I can launch a claim?

And what is the process for doing this?

Any help, most appreciated!