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PPI Reclaiming Discussion Part 5

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  • cappo
    cappo Posts: 2,121 Forumite
    Obviously, I have no way of knowing what PPI you have paid, but do be aware of a few things to be certain you aren't left with egg on your face over this.

    Firstly, PPI on credit cards is only paid when you have an outstanding amount. It's paid as a proportion of that amount so is not a set monthly fee as with a loan PPI policy. Were there months when your card would have had a nil balance, or when the amount outstanding was very small?

    Secondly, the 8% simple interest is calculated on a sliding scale.



    Talking about our LTSB I could'nt believe it yesterday at last I found credit card statements going back to 1995 showing ppi, i have been looking for these for the last 6 months and daring to hope i'd find one i found about 30 statements for mastercard and visa accounts something to show the fos when my claim comes up.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    cappo wrote: »
    I could'nt believe it yesterday at last I found credit card statements going back to 1995 showing ppi, i have been looking for these for the last 6 months and daring to hope i'd find one i found about 30 statements for mastercard and visa accounts something to show the fos when my claim comes up.
    Well done, I felt the same when I found my original loan agreement from 2002.:)
  • Octonut
    Octonut Posts: 46 Forumite
    Part of the Furniture Combo Breaker
    I've had a rejection from Barclays re a Barclayloan as they cannot find a policy that proves I have paid PPI.

    With my questionaire I sent them a copy of the loan agreement which had all the PPI figures on them.

    Is this a stalling tactic?
  • dolphingazer
    dolphingazer Posts: 416 Forumite
    PPI Party Pooper
    cappo wrote: »
    Talking about our LTSB I could'nt believe it yesterday at last I found credit card statements going back to 1995 showing ppi, i have been looking for these for the last 6 months and daring to hope i'd find one i found about 30 statements for mastercard and visa accounts something to show the fos when my claim comes up.

    Hi cappo,

    It's surprising what you find once you start looking, isn,t it:rotfl::rotfl:I'm going to have a good old spring clean at the weekend and go through my loft:D
  • I wrote to NatWest on 6th March, requesting info on 2 loans that I wasn't sure I had PPI on, and also sent them a copy of a credit agreement for another loan that I did have PPI on, which was £1266.00

    I had two letters back from them on 5th April, stating as i suspected that the two loans I was unsure about, did not have PPI.

    There was no mention about the third loan, so I presumed this was being dealt with separately.

    I rang them about 10 days ago as i had not heard anymore about it. I was told that my file had been sent to Archive, and that they didnt know what was happening about the 3rd loan, as there were no notes on the system, and that they would request it be brought back from archive so they could look. I was told this would take a few days, and to call them again. I rang again yesterday, and lo and behold there was no request in place to get the file back from Archive lodged when I rang 10 days ago!

    So now they are now sending a request for it again.

    From my initial letter of 6th March (which i was told they received on 9th) they have now had 9 weeks, to get absolutely nowhere!!!!

    How much longer should I give them to reply??
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 15 May 2012 at 11:53AM
    Octonut wrote: »
    With my questionaire I sent them a copy of the loan agreement which had all the PPI figures on them.
    Not to put too fine a point on this, but a loan agreement is not proof that you then actually paid the PPI element. If you cancelled within the "cooling off" period, for example.
    Send them a Subject Access Request (SAR) letter
    https://forums.moneysavingexpert.com/discussion/1475553
    and see what comes back...


    (Unless you also have statements proving you paid PPI...)
  • Kugakt
    Kugakt Posts: 7 Forumite
    Back in 2005 me and Wife completed a re Mortgage. We were contacted by a company out of the area who said they would sort everything etc.
    We eventually signed for a mortgage with Noerthern Rock.
    After a phone call yesterday from a PPI Claim back company i thought id look into possibly if i have a case or not rather than them taking a 30% cut if any money was to arrive.

    In the paperwork it shows we paid 5 Years Essential redundancy, accident, sickness and unemployment protection for this time as a lump sum which was put on top of our mortgage. Is this right? If not do i take my clain up with the company who sorted our re-mortgage or Northern Rock? I think it was around £2000. It is on the completion statement with the bank transfer fees, legal fess and searches etc.

    I did use the PPi cover for myself i belive once when i was off sick after a back operation, would this have any effect on claiming ?

    Any advice would be very grateful. Thank you in advance.
  • Octonut
    Octonut Posts: 46 Forumite
    Part of the Furniture Combo Breaker
    Not to put too fine a point on this, but a loan agreement is not proof that you then actually paid the PPI element. If you cancelled within the "cooling off" period, for example.
    Send them a Subject Access Request (SAR) letter
    https://forums.moneysavingexpert.com/discussion/1475553
    and see what comes back...


    (Unless you also have statements proving you paid PPI...)


    Thanks. I'll phone them tomorrow (I'm at work and my husband read the letter out) and see what they say. I think I have got the policy document that explains all about the definitions of employment etc but I can't remember seeing a number on there.

    I will have a look for some statements but it's going back to the early 2000s so I'm not sure I will have any.

    I'm about a zillion percent sure I paid it because I'm not the sort to sign it and then cancel it within a cooling off period.
  • amersall
    amersall Posts: 17,035 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Kugakt wrote: »
    Back in 2005 me and Wife completed a re Mortgage. We were contacted by a company out of the area who said they would sort everything etc.
    We eventually signed for a mortgage with Noerthern Rock.
    After a phone call yesterday from a PPI Claim back company i thought id look into possibly if i have a case or not rather than them taking a 30% cut if any money was to arrive.

    In the paperwork it shows we paid 5 Years Essential redundancy, accident, sickness and unemployment protection for this time as a lump sum which was put on top of our mortgage. Is this right? If not do i take my clain up with the company who sorted our re-mortgage or Northern Rock? I think it was around £2000. It is on the completion statement with the bank transfer fees, legal fess and searches etc.

    I did use the PPi cover for myself i belive once when i was off sick after a back operation, would this have any effect on claiming ?

    Any advice would be very grateful. Thank you in advance.

    For PPI that was attached to the Mortgage, you need to post your question here
    http://forums.moneysavingexpert.com/forumdisplay.php?f=187
    They know more about this and can help you more, just to let you know, they are a bit "to the point" but don't take offence because they know what they are talking about, if you can claim for mis sell then you go to the company, as they sold you the Insurance, if you can claim and you win then any money that you claimed will be taken back, this can sometimes result in you winning but getting nothing back as the claim was more than the PPI amount.
  • TakingControl
    TakingControl Posts: 372 Forumite
    PPI Party Pooper Debt-free and Proud!
    I think Tesco Loan are now taking the pee. It has been 10 weeks since I logged my complaint and I just chased them up and was told that the case is still with a handler and they are waiting for internal information :mad: Same as they told me via letter on the 4th April :mad: Funny thing is its an active loan, its not an old loan from god knows when. She then mentioned I could go to the FSO but she knew well that there is a 6-12 month wait there.

    So we ended with 'In the next 2 weeks' so I made a note and will chase again then. :o
    LBM 11/2009 Total Debts 11/2009 £44624 with DFD 2015 :(
    Debt Free Date: 14/11/2012 :j:j:j
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