PPI Reclaiming Discussion Part 5

Rodz85

I work for a bank and took out a staff rate loan with them in 2007 and PPI was included on this. I then consolidated my overdraft into this in 2010 and PPI was also included on this (although this time I'm sure I wasn't asked!)

As the terms of the loan would change if I lost my job (due to it being a staff rate product), does that make the PPI pointless and therefore make me eligible for a claim?

Thanks

fido90

Hi, I am a newby and wondered if anyone has any advise for my claim.

I have had a Letter back from Lloyds, stating they have no information to support the loan being taken out. I had sent some statements to Lloyds showing the Loan amount, of £10,000, PPI just over £2000.

However, due to the passage of time, end of 1998 when the loan was taken out, they state there is not enough information, an absense of detailed records to support this and even if there was they may not be able to offer the correct settlement. They have no way of knowing when the loan was settled. Even though the statement shows this in black and white.

Instead, they offered an average of £1200, plus some interest. But I don't think it is that fair an offer.

Over 60 months on £10000, a total of just over £16,700 was paid in total.

I have now found some more statements, yearly interest statements, and statements that clearly state 'loan' interest rate.

I am interested to know what should be a fair settlement for reclaiming PPI on this Loan. And should I further persue this matter.

JamieB1985

Hello all,

I have my Credit Card number from MBNA, i no longer have the card (Paid it off) however i believe i was paying ppi, shall i send them a letter stating that i believe i been ppi when i should have been (i.e had good sick pay at work etc) or jus put a FOS questionaire to them?

All help will be very appericated.

Good luck all.

[Deleted User]

fido90 wrote: »

showing the Loan amount, of £10,000, PPI just over £2000.
Instead, they offered an average of £1200, plus some interest. But I don't think it is that fair an offer.

Over 60 months on £10000, a total of just over £16,700 was paid in total..

You can't claim back interest on the actual loan. However, if the PPI was £2000 as you state, it's reasonable to expect a refund of that amount plus some interest.

cheap_charlie

I had an Asda credit card I took out either in 2004 or 2005. I closed the account last year but still have a couple of old statements which show I was paying a "Payment Protection Premium".

I was unemployed (medically retired) when I got this card and suspect I was mis-sold PPI when I got the card.

Can I put in a claim for this even though I have closed the account? Also when I took out the card it was run by GE Bank however over the course of time Santander took it over so who would I have to submit a claim to?

Thanks for any advice/thoughts.

harrpau7

Does anybody have an e-mail address for a higher up at Bank Of Scotland (not Royal Bank Of Scotland as apparently they are 2 different banks)? Got a PPI claim in and they are messing me about a little bit.

Thanks

[Deleted User]

cheap_charlie wrote: »

I was unemployed (medically retired) when I got this card and suspect I was mis-sold PPI when I got the card.

Can I put in a claim for this even though I have closed the account?

Yes, if you believe it was mis-sold.

cheap_charlie wrote: »

Also when I took out the card it was run by GE Bank however over the course of time Santander took it over so who would I have to submit a claim to?

If Santander were the latest provider, then write to them in the first instance.

fido90

Ok, thanks for your reply.:)

The_Logans

The_Logans wrote: »

Hi folks,
I've finally laid my hands on old statements so that I can get some detail on an old Clydesdale loan. I don't have a copy of the agreement, and they won't give me one.

The loan was for £2300 (July 2003).
I made 22 repayments of £69.64
I then repaid the loan early (Jun 2006) and the settlement figure was £2158.86, minus a £217.84 PPI rebate.

So, in total for a £2300 loan over 23 months I paid a total of £3473.10 :shocked:

I don't know what the term of the loan was, or the APR so I've no idea how much the PPI loan was. I'm guessing CB will come back and say they have no paperwork relating to the loan anymore, and will make a low offer.

bump, anyone got any thoughts as to how much the reclaim should be?

floydfan

Hi.
I am in the process of reclaiming PPI on a barclayloan with protection and on a Halifax credit card. I have received the t's&c's for both but have not written to Barclays insurance (Dublin) for a copy of the application to them, for the insurance, although I have most of the details i.e. policy number, total charge etc. I have started filling out the questionnaires but have already come up against stumbling blocks. I was hoping someone may read through this and tell me just how relevant the missing info is and how much more I will need to make my claim. Regarding the credit card. It was given in 2004 and I paid for cover until sometime between jul ’08 and May 09, when I cancelled the insurance. I have a gap in my kept statements between these dates, do I need the exact date or will they be able to process the claim without me having to pay for this extra info. I have not requested a SAR from either provider and can’t really afford to, just the £1 T’s & C’s
Q: C2; “What did you borrow the money for?”
I think I paid off an existing barclayloan first and foremost but I’m not 100% sure and can’t account for the rest of the loan or credit card spending either.
Q C3: “Missed payments and arrears”
I have certainly been late with payments on several occasions and with both providers but they were only days late and always made. I have no dates or details of these.
Q D3, 4 & 5 “Employment details”
These are on the Halifax TC’s but not on the Barclays one from a different time period and I cannot remember my employer/details from that time period.
Section E: “About your complaint”
I was applying for a cash loan/credit card in the **** branch of Barclays/Halifax, I was told very little of the insurance other than 'It would cover my repayments if I couldn't' and "It would improve my chances of securing the loan/credit card", which is the reason I purchased the insurance.
Section E: “Why are you unhappy?”
I did not need the insurance as I had other means of making the repayments but was sold it on the premise that it would help my application