PPI Reclaiming Discussion Part 5

amersall

Angel78 wrote: »

Hi,

I took out a loan with PPI (from Lloyds 7 years ago and the loan is due to end in August. However I was made redundant from my job so claimed against the PPI, will this go against my claim of being mis-sold the PPI?

Thanks in advance.

If you were mis sold and you win redress they take off what you claimed when you used the ppi.
You cannot use the reason that it did not cover you for unemployment, but use any more that do apply to you.

amersall

sugarpuss27 wrote: »

Thanks Amersall will do

Fingers crossed, post the reply you get and if it is negative i will help you answer.

amersall

kayla wrote: »

oh and it was in both mine and my husbands name do we both have to sign the letter?? or can i just sign it?

You are welcome, it is best to both sign then they cannot waste time sending you a letter asking for other signature.

kerakae

So...what does a PPI payment look like on your credit card statement? I've got all my Nationwide credit card statements going back for about a year and a half, although I cancelled the credit card about a week ago. I still have my agreement, but it doesn't say anything about me taking the insurance out, just "If you take out payment protection insurance..."

There are no charges under "Fees," and I'm guessing it would come under this. I don't think I took it out, but can't remember what the hell I did as it was back in 2008.

Just like to say as well, discovered MSE.com about a month ago when comparing new phone contracts, and I think it's a great website. My money saving skills, which are notoriously appalling, have vastly improved to the point of budgeting and finding the best deal. Not only and improvement on finances, but improving my relationship with my girlfriend too

Cheers

Kerakae

Angelfalls2012

Hi
Ive been reading about PPI claims. I was sold a PPI when i currently took out my morgage in 2003. We got the ,morgage through a broker, do i make a claim to the broker, the mortgage lender or the insurance company that is on my Payment Protection Insurance certificate?
Any advice would be appreciated.
Thanks in advance

beamerguy

AT LAST THE FSA HAS ACTED

:T:T

Banks HAVE to write to all PPI victims

Millions of people who may have been mis-sold Payment Protection Insurance are to receive letters telling them they may be eligible for compensation.

The Financial Services Authority is expected to tell banks what the letters should say, in a move that is likely to trigger an estimated £3bn worth of additional claims.

WATCH HERE
http://www.bbc.co.uk/news/business-17268454

READ THIS
http://www.moneysavingexpert.com/news/reclaim/2012/03/fsa-orders-banks-to-not-mislead-over-ppi-redress?utm_source=forum&utm_medium=sidebar&utm_campaign=box

Basically this means that day of the "FOB OFF BY BANKS" has come to an end. If you have been "fobbed off", all you need do is contact your bank and say you are waiting for the letter as instructed by the FSA

Another good thing that was said today by the FSA and FOS is DO NOT USE CLAIMS COMPANIES The sudden death for these vultures

This is going to cost those thieving banks many more £millions this year:rotfl::rotfl::rotfl::rotfl:

Sc0ward

Hi,

Been reading through the posts on here, i know i've had loans and credit cards in the past but i have no paper work for tem anymore, is there anyway i can find out what credit cards and loans i've had to i can make a start on sending off my claim forms?

malamutesamoyed

I took out a secured loan for £45,000 with £15,923.25 PPI (£60,923.25)

Start date was november 2006 and i have been up to date with all payments so far, i have put in a claim and received the following;
Original policy - £15,923.25
Interest incurrd - £8,039.80
Total value - £23,963.05
Separate 8% p/a interest of - £2,087.22

The company will adjust the loan with the £23,963.05 and payment to me for £2,087.22

Is this a fair settlement or should i consider going to the ombudsman?

jason2704

bit of advice please!!!

recently had letters back from barclays and santander saying they cant find any information regarding previous loan accounts. i do admit these bank accounts were both closed by late 2006. i even sent a letter to santander archive dept. the question is: is it worth me sending any SAR letters off, or am i on to a losing battle!!!

thanks in advance for any advice

dolphingazer

Hi all
This is my first post,
I would like to thank all you knowledgable people. You have given me the courage to fight for my money back. My husband and I had several loans taken out with Blackhorse. We have filled in our forms and sent a covering letter last week. I will let you know how things progress.


Dolphigazer