PPI Reclaiming Discussion Part 5

Yoplumpy

Hi All

I am pretty sure I have been paying PPI to Barclaycard for ages - and can see no reason for it. I cannot remember exactly how I applied for the card though..

Does anyone know if anyone has successfully challenged Barclaycard on PPI Mis-selling? I am still with them - and still paying PPI - would they just cancel the cover?

I am sure I have been paying this for other cards but cannot find the details...

Any advice would be appreciated.

Paul

Bulky

Ok see if someone can work out whats going on here ? , i have a rbs loan that still has six months to run , the ppi amount was about £ 6700 front loaded, also the policy was for five years even though the loan was over seven years , this loan consolidated a loan before it which also had ppi and i think a loan before that which also had ppi. I have just checked my account and 2 small payments on the loan account itself, one of around £30 and one of around £15, any idea what this could be ? , haven't recieved an offer letter yet but should do by the 12th march.

katiecoulson

i have managed to get my account number and sort code from the bank for the loan i can claim ppi back on, im happy now i can get the ball rolling

amersall

butlertj wrote: »

Hi All,

I have submitted a PPI claim for compensation on a personal loan taken out with Alliance & Leicester (now owned by Santander) for £13,000.

My reasons for submitting the claim for compensation were as follows:

1. I genuinely did not realise I had been sold PPI (the loan was arranged over the phone)
2. I was self employed at the time of taking out the loan.
3. I had a pre-existing health condition (Juvenile Rheumatoid Arthritis since the age of 5)

I only discovered the PPI element on this loan when going through old paperwork in response to all the media coverage on PPI claim back. I had a statement from 2008 detailing the original loan amount, and a figure of approx. £754.00 for an Insurance premium and a further figure of approx £210.00 for Interest on the Insurance premium, these figures were added to the account at the start of the loan.

Now I should point out that this loan was taken out way back in October 1998, but the account was only finally settled in 2010.

During 2000 I had to stop work due to severe problems with Rheumatoid Arthritis which subsequently resulted in me requiring two hip replacement operations. This situation meant that I was unable to work for approx 2 years during which time this loan fell into arrears.

Had I known I had PPI I would obviously have tried to make a claim on the policy, hence my assertion on point 1 above.

I downloaded and completed the Moneysupermarket PPI claim form as appropriate and sent this (recorded delivery) along with the statement mentioned above to Santander on 03.02.2012

They replied a week later with an unsigned standard format letter stating they could not investigate my complaint as they could not trace the account. It went on to say that as insufficient information been provided the complaint would not even be registered with them.

Having sent them a copy of my loan statement which clearly shows the loan account number and the amounts taken in respect of PPI I found this unacceptable. I again sent them another PPI claim questionnaire and statement which clearly shows the loan account number (recorded delivery) this time with a strong covering letter on 15.02.2012, three weeks later I got the exact same unsigned standard format letter mentioned above.

I guess they are doing this so that they can avoid the 8 weeks response time imposed by the FOS, but I feel as though I am banging my head against a brick wall and wonder if I should approach a Claims Management Company.

Any advice anyone can give would be much appreciated.

A claims co will only get the same response you did, ring Santander and do this over the phone, if they still cannot find you it will be because this loan is closed and your details will have been archived.
Tell them you have a copy of the agreement and want this loan redressed with the reasons for mis sell or you will take this to FOS and the FSA, let me know how you get on.

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1210607166846&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateA2

amersall

malamutesamoyed wrote: »

Hi Amersall,

loan term was 240months.
i worked it out the ppi payment is around £66.34 (£138.71) p/m
The loan payment is around £187.50 (£392.06) p/m
Total being £253.84 (£530.77)
(Interest @ 9.1%Apr)

So would you think this is a fair settlement?

Hi, did you get the cash back at the 5 year stage, how did you work out the above figures and is the redress you put in your other post exact for the redress they have offered you?

This is a secured loan so the interest will have fluctuated over the time you have paid this.

You should get the ppi monthly amount back that you paid from the start date to the redress date (63 months), they then take the whole ppi off the loan and give you 8%, i do not see the ppi you have paid to date being given back to you in the offer they made.

amersall

been a while since i flashed in here

:mad::mad::mad: I missed the last time you did it :p:p:p give me warning next time :rotfl::rotfl:

amersall

michelle71 wrote: »

Hi could any one help me i had ppi about 10 yrs ago can i still clam it back and also i can`t find the paper work how do i go about find it help please..

Thanks Michelle

You need to know the name of the bank the ppi was with, ask your bank if they still have the direct debit details for this loan/cc.

amersall

dilus wrote: »

Can't hurt writing again and giving them the correct information, just make sure they know what complaint to link it to (account number, name, address etc) I had to do similar with one of mine and sent a further letter, they didn't acknowledge receiving it though

Just the man :D:D:D can you look at post by malamutesamoyed please :D it is the post previous to the one i have just answered re redress for ppi.

It is only a short one :D truly xx

dilus

amersall wrote: »

Just the man :D:D:D can you look at post by malamutesamoyed please :D it is the post previous to the one i have just answered re redress for ppi.

It is only a short one :D truly xx

Will do

amersall

dilus wrote: »

Will do

301 and 260 xxx you are a star will leave you something in my will