PPI Reclaiming Discussion Part 5

Forrest_Dweller

cappo wrote: »

Hi forest your just looking for evidence of ppi really, if you have the proof you paid the ppi right from the start then thats when you can claim back too, good luck.

Right, I see. That shouldn't be too hard then I guess.

I really appreciate the advice. :beer:

cappo

cliogirl1 wrote: »

Ok im finding all this a bit baffling!!
Just found 2 old statements for old credit cards which both show i was paying ppi. (Virgin & Barclaycard)
I know both were taken out over the phone and i know i have no need for ppi.

I think i might have had ppi on an old loan with abbey national, an old credit card with hsbc and a current loan with hsbc - my question is - can i just ring the companies tomorrow (without knowing account numbers) and just ask them if i have it??

Will they start the claim there and then or do i still have to fill out the forms to claim??
Thanks

Hi clio some banks are easier to get the info than others, you could do worse than give it a go, contact them and see if you can get the info without a sar.

cappo

Forrest_Dweller wrote: »

Right, I see. That shouldn't be too hard then I guess.

I really appreciate the advice. :beer:

Have a look at this info forest it might help


http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3


http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance#step2

amersall

Georgyporgy wrote: »

Dear Amersall

I took the loan out 5 years ago with Argos HomeLoans. The First Plus paperwork for the PPI stated that I could reclaim my premiums for the insurance after the 5 years expired provided I had not made a claim on the policy which I hadn't. They sent me a request form at the end of February which I completed and returned at the end of March when the 5 years was up. I was repaid the entire amount of the premium I paid. However from what Ive read on other forums it would appear that I will still be charged interest on the original premium amount for the remainder of the duration of the loan which surely can't be correct especially as I'm now not covered by the insurance. I read somewhere that you can reclaim the interest, do you know if thats correct? Many thanks.:)

:D:D
You are spot on :cool::cool::cool:

Send this to FP


We/I believe we were mis sold the ppi on the above account number,and would like recordings,if any to the contrary of my/our reasons for mis sell set out below.

1)We/I were not told that the ppi was in effect another loan that was added to the original loan and was repayable over the loan term with interest.

2) We/I were told that the ppi was a 5 year policy, but not told the ppi would still be on the loan to term end with interest.

3) We/I were told that if we did not make a claim,or go into arrears on the ppi ,after 5 years we would receive the cashback of ppi but were not told this would not include the interest made on these payments that we paid over the 5 years.

In line with the FOS recommendations it is requested that the overall situation be restored as if PPI had never been included. This will entail:
A refund of the monthly payments that have actually been paid towards the overall loan in excess of those that would have been needed, if the original loan had been sold without the PPI policy.

In addition, interest at the rate of 8% simple per annum to any excess payments made from the time each payment was made to the point that Barclays pays them back to us. We/i believe we were not given enough information on this ppi to make an informed decision. Had we/i known the full cost of this ppi we would not have taken it.

Unless you can prove without doubt that this PPI policy was fair, reasonable and suitable for my/our circumstances we/I will require you to rearrange the loan as if PPI had never been included on the above loan

When they send you the offer, (how is that for optimism? :rotfl:) FACT !!
You must take the option that resets the loan and takes the whole PPI off the balance, this will save you thousands over the term in interest, if you do not then times the monthly PPI payment by the term left on the loan and this is what any "extra" redress they offer you after the cash back will cost you if you do not take the option that resets this loan..

cappo

dolphingazer wrote: »

Thanks Moneyineptitude but it's been 7 weeks now and they haven't even acknowledged receipt.
I know i'm obsessing but I think you can understand how I feel.

Don't worry as mark said it'll get sorted out

[Deleted User]

cliogirl1 wrote: »

can i just ring the companies tomorrow (without knowing account numbers) and just ask them if i have it??

No. You'll need to do a Subject Access Request(SAR) for those firms for which you don't have details. It costs £10 for each lender:

https://forums.moneysavingexpert.com/discussion/1475553

For loans/ credit cards where you do have details, complain by sending a Ombudsman questionnaire (with any supporting paperwork).
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance

Georgyporgy_2

Dear Amersall

Many thanks for the template. I will wait for the cheque to clear (just to be on the safe side!!) and then send this off to them next week. Will post to let you know how I get on...I may need a hand with the calculations. You're a godsend thanks again:j

amersall

dolphingazer wrote: »

Hi amersall,
Please could you look at my post number 1743, I could really do with your advice.
Thanks so much:)
Sorry folks for butting in as we are all after advice.:D:D It's just that i'm now 7 weeks into this and may need to send new forms to another address and play the waiting game again. Thanks for your patience:):)

Lloyds are ar*e holes :rotfl::cool:
Give them another week and ring again, ask all you want, we are here to help and ease your burden and keep you calm :rotfl::rotfl::rotfl::rotfl: stick with us and you won't go far wrong :rotfl: all nutters together :rotfl::T

amersall

Georgyporgy wrote: »

Dear Amersall

Many thanks for the template. I will wait for the cheque to clear (just to be on the safe side!!) and then send this off to them next week. Will post to let you know how I get on...I may need a hand with the calculations. You're a godsend thanks again:j

I know I know :rotfl: thank you fans :rotfl::rotfl::rotfl:

[Deleted User]

amersall wrote: »

all nutters together

Speak for yourself!:p