PPI Reclaiming Discussion Part 5

[Deleted User]

Pharry73 wrote: »

So what they have done setting us up with a single PPI is not good then?

In simple terms, it means that you have paid far more than you would have done if the PPI and loan were paid for separately each month.
Hope that helps.

snowy_owl_3

Hi

Had a store card with GE money back in 2002. Now taken over by Santander. Wrote to reclaim PPI. Got rejected, told I could not prove it. Wrote to FLA. They wrote to Sandander, no joy. Wrote to FOS. They cannot follow it up with Santander as it was prior to 2005. They have written to insurers on my behalf to see if they will accept responsibility. Has anyone been successful with insurers?

cappo

Moneyineptitude wrote: »

In simple terms, it means that you have paid far more than you would have done if the PPI and loan were paid for separately each month.
Hope that helps.

How's it going mark, have you got your money yet mate.

maltronics

Sorry to double post, but this seems to have gotten lost in the crush:

Hi. I'm new, here. I've got a potential issue with my PPI. I'm not sure if it's been covered before. I've had a scroll through some of the forums, but there's so much, I got a bit overwhelmed.

I moved to England in January 2007 and applied for a credit card that summer. During the meeting to set this up, the guy in the bank (Lloyds, if it matters) told me that PPI was optional. He then told me that since I had no credit history in the UK (or elsewhere, as I was living with my parents 'til I moved), that if I didn't accept the PPI, my application for the credit card would probably be declined. I'm not very savvy with financial dealings, so I agreed.

The problem is that I have none of this in writing, so it's my word against theirs. Is it worth my while even applying to get a refund?

cappo

snowy_owl wrote: »

Hi

Had a store card with GE money back in 2002. Now taken over by Santander. Wrote to reclaim PPI. Got rejected, told I could not prove it. Wrote to FLA. They wrote to Sandander, no joy. Wrote to FOS. They cannot follow it up with Santander as it was prior to 2005. They have written to insurers on my behalf to see if they will accept responsibility. Has anyone been successful with insurers?

Sorry to hear about this snowy, many people to my knowledge have been successful going down this route including our Di.

Pharry73

Thanks Moneyineptude.

Coyley

Hey,

This is my first time on forum, but i have a possibly stupid query i thought i'd put out there before i investigate further.

I've had many loans from the age of 18-25 (i'm now 28) but they are all paid off and i no longer have any record of them.

Therefore i'm not sure if i paid ppi or not.

My query is... is there a record somewhere of what loans you've had over the years and whether or not youpaid ppi...

Appreciate any feedback whatsoever.

Andy

[Deleted User]

cappo wrote: »

How's it going mark, have you got your money yet mate.

Only two weeks since my offer letter which states I'll get it "within 4 weeks".
What's the bet it arrives in the fourth week?

[Deleted User]

maltronics wrote: »

The problem is that I have none of this in writing, so it's my word against theirs. Is it worth my while even applying to get a refund?

While verbal accusations against the seller are the weakest form of complaint, they are by no means a foregone conclusion.
Do look for other reasons too, if possible:

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

Good luck!

[Deleted User]

Coyley wrote: »

My query is... is there a record somewhere of what loans you've had over the years and whether or not youpaid ppi...

If your lenders have records of these you can write a Subject Access Request (SAR) letter to each of them. It costs £10 per request. Excellent template here:

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