PPI Reclaiming Discussion Part 5

mitchell69

Hi been turned down by Black horse for my ppi, same lame reasons they seem to be using with everyone! the thing is i actually complained about this loan at begining of the year with a claims company, they payed me ppi on a much smaller loan i had forgot about..... so this time ive done it myself and they have turned it down, they say i applied for the loan and ppi in there branch even thou i actually took the loan out at a independant car dealers!! been intouch with FOS, they said the bank will blame the broker for selling me the loan, the bank have now said they stopped using this broker shortly after my loan was issued and because it was pre 2005 it was not covered by the fsa, yet the much smaller ppi they payed me was for a loan in 2003, very confused any help please???? paul

di3004

mitchell69 wrote: »

Hi been turned down by Black horse for my ppi, same lame reasons they seem to be using with everyone! the thing is i actually complained about this loan at begining of the year with a claims company, they payed me ppi on a much smaller loan i had forgot about..... so this time ive done it myself and they have turned it down, they say i applied for the loan and ppi in there branch even thou i actually took the loan out at a independant car dealers!! been intouch with FOS, they said the bank will blame the broker for selling me the loan, the bank have now said they stopped using this broker shortly after my loan was issued and because it was pre 2005 it was not covered by the fsa, yet the much smaller ppi they payed me was for a loan in 2003, very confused any help please???? paul

Hi Paul

Did you confirm to the FOS that your earlier reclaim was successful on the older loan account?
If not re-contact them in case there's been any confusion in this.

Usually whoever set up and sold the policy on the day are the ones liable, did you write to the car dealers who you said sold this to you?
If they are still active, even if the bank no longer has anything to do with them anymore, you still pursue the dealer for this if you have not done so yet.

Is this of any help to you?;)

mitchell69

Hi there, unfortunatley the car dealer in this town is no-more even thou they have other dealerships all over the country, there is alot of things that dont make sense on wot Lloyds black horse are saying, they say they have evidence i wasnt mis-sold the ppi, but it wasnt purchased in there branch it even thou they said it was.........

Claireabelle_3

di3004 wrote: »

Hi and welcome

Can you remember the year your hubby taken this out.

I am aware that before the FSA taken over in Jan 2005, that they were regulated by GISC prior to these, so depending how long GISC were in affect before that I think.
But........many of my accounts with them, were taken out in the mid 90's and have been successful, so if it's the case that your hubby taken out the account in the 90's. maybe you should re-write and mention the fact that you are aware they were regulated by GISC prior to the FSA.

However, if it was taken out in the 80's up to the mid 90's, I am not sure if the bank were regulated in that time but worth finding out here.

Good luck.

Hi Thank you for the reply. It was taken out just before FSA regulation ( between 2002 and 2004 ) so I will give that a try.
Thank You!

chrisecole

Can anyone advise me what I do now both the loan company and mortgage company had refused to accept my complaint. The loan company, beech finance have told me they will not allow the FOS access the information
The mortgage company said it is because they were not the original company. Where do I go from here as both were front loaded

JeanTheWidow

"My SAGA continues. The mail just arrived, 2 envelopes:

No1: The return of the Certified Death Certificate borrowed from the Insurance Co. which I sent with the SECOND lot of paperwork

No 2: ALL of the paperwork I had sent earlier (including the Certified Death Certificate) which the bank told me had NOT arrived. This they return because I have not given them the number - which I was told on the telephone I did not need, if I gave them all the details I had. I suppose next I'll get all the second lot back.

Okay so now I'll have to do a SARS.

My SAGA continues. The mail just arrived, 2 envelopes:

No1: The return of the Certified Death Certificate borrowed from the Insurance Co. which I sent with the SECOND lot of paperwork

No 2: ALL of the paperwork I had sent earlier (including the Certified Death Certificate) which the bank told me had NOT arrived. This they return because I have not given them the number - which I was told on the telephone I did not need, if I gave them all the details I had. I suppose next I'll get all the second lot back.

Okay so now I'll have to do a SARS.

I am getting a little paranoid, why do I get different stories from different people in the same bank?"

I sent my SARS on 20th April. Have heard nothing, nor has the cheque been presented, anyone know the time scale for replies to SARS (Natwest).

I have not had the second form and letters back yet either.

Pegleg

Hi,

I took out a loan in 2001 with HSBC for £14k, this was a consolidation loan for a previous one I had with HSBC for £9k, but I needed a new car for a new job, so I added £5k as this also paid off my overdraft I had, I was told I would could not get the loan unless I paid off the OD and so a new loan was born.
I took out PPI insurance as I was also told I could not get the loan without it. 2003 I lost my job, sacked, as I was a sales rep and was not performing to target (nature of the job), I tried to claim and it was not accepted. I then fell into more financial trouble. 2007 I started paying this debt off with Metropolitan Collection Agency, the collection arm of HSBC.

The question after all that story is can I make a claim for PPI?

cappo

andylad wrote: »

Many thanks! Last question would a PPI from the first loan cover the other loans or would 6 independent PPI's always have been needed. Just curious.

Hi Andy a ppi policy would only cover you for the loan it was purchased with certainly from a lender. A stand alone policy from an independent might cover several loans but not from a bank selling you a loan.

cappo

mitchell69 wrote: »

Hi been turned down by Black horse for my ppi, same lame reasons they seem to be using with everyone! the thing is i actually complained about this loan at begining of the year with a claims company, they payed me ppi on a much smaller loan i had forgot about..... so this time ive done it myself and they have turned it down, they say i applied for the loan and ppi in there branch even thou i actually took the loan out at a independant car dealers!! been intouch with FOS, they said the bank will blame the broker for selling me the loan, the bank have now said they stopped using this broker shortly after my loan was issued and because it was pre 2005 it was not covered by the fsa, yet the much smaller ppi they payed me was for a loan in 2003, very confused any help please???? paul

They also might have been covered by the GISC as well at that time.

TakingControl

Just had a letter that MBNA have upheld my claim :j They stated that a cheque would be with me witin 28 days, anyone got experience how fast they pay out?