PPI Reclaiming Discussion Part 5

[Deleted User]

dolphingazer wrote: »

I really don't want you to miss what I have written:D:D:D:D:D

You've saved £2??:T;)

house5

A loan taken out then defaulted on due to not being able to claim on Ppi that we was told we had to have on a £12000 loan we were taken to court for a total of £16600 including interest and I presume charges. The judge said we had to repay the debt at £10 per week and we did from August 2000 until about 18mths ago we moved banks and after several weeks realised the direct debut had not been paid but then instead of them asking us or telling us that the payments had stopped they sent it straight to a dept collector who then said due to the missed payment about 14 by now the we're entitled to now collect the balance of £12200. We explained we did come to an arrangement but now the RBS have rang and said they agree with our claim even though the loan was taken out in 1997 and are prepared to wipe out the debt left £12200 we think is this to save them some money as if we don't accept it they would owe us more anyone know it has been 15yrs since it was taken out the debt was still outstanding because they took us to court for something they sold us and we couldn't claim on it. Help help do we accept it anyone know the answer.

yorkletts

Don't know if this is the right place for this post, but I seem to have hit a brick wall before I've got started.

I sent an initial enquiry letter to Cedar Holdings with my £1 cheque on the 2nd June. It went recorded delivery to this address
DoName & Registered Office:
CEDAR HOLDINGS LIMITED
25 GRESHAM STREET
LONDON
EC2V 7HN
Company No. 00606795
According to Royal Mail tracking it still hasn't been delivered. I've sent Royal Mail an email enquiry with no reply as yet. My question to you all in the hope that someone knows is if my letter is being refused what else can I do?

laragh

Hi, not sure if this is the right thread! Posted off the Questionnaire to Barclays last week for my husband. He had a Barclays loan around 1996 then consolidated it a few times (still with Barclays) over the next six or so years, he was told by the Advisor in branch that he had to take the PPI or he would not be accepted for the loan. He has no details of the loans just his Barclays current account number and sort code that they used to set the loan up from and make the monthly payments etc..... Do you think this was too long a shot or was worth me sending the paperwork?!

RSMullins

Hello, I'm hoping someone can help me!
I recently sent a PPI complaint to Lloyds TBS as I had PPI on a loan that I have never used. The loan is now paid off and the reason I am complaining is because at the time of sale the advisor told me that the PPI was part of the loan and in order to be accepted I had to take out the insurance. I was new to the loan process at the time and basically just said yes, ticked all the boxes and away I went.

So I sent my complaint and Lloyds have just got back to me saying that they do not believe I have a complaint because the insurance was suitable for my needs and that my policy documentation says that the PPI was optional. This wasn't my point though - my point is that it was the Sales Advisor themselves that misold the policy.

I'm looking to take this to the Ombudsman but not sure of the best way to go about it. Do I even have a case after what Lloyds are saying??!

Thanks!

cappo

gruber wrote: »

I'm planning on putting 3 claims in one to my old bank and two to credit card companies MBNA & Morgan Stanley..However I finished an IVA 6 months ago and wonder should I bother or not...?

If my claims are successful do they take the amount off what was left that I owed them or do I get the full amount now the IVA has been completed...?

Hi Gruber i originally thought that as the IVA was finished your liabilities were over but i was wrong, several of the other guys on here say that the receiver will take any monies paid back to you as redress, but they apparently cannot touch the 8% so at least you will get something back if you have been misold.

dolphingazer

Moneyineptitude wrote: »

You've saved £2??:T;)

Lots lol thanks. Don't know how many though:rotfl::rotfl::rotfl::rotfl:

cappo

RSMullins wrote: »

Hello, I'm hoping someone can help me!
I recently sent a PPI complaint to Lloyds TBS as I had PPI on a loan that I have never used. The loan is now paid off and the reason I am complaining is because at the time of sale the advisor told me that the PPI was part of the loan and in order to be accepted I had to take out the insurance. I was new to the loan process at the time and basically just said yes, ticked all the boxes and away I went.

So I sent my complaint and Lloyds have just got back to me saying that they do not believe I have a complaint because the insurance was suitable for my needs and that my policy documentation says that the PPI was optional. This wasn't my point though - my point is that it was the Sales Advisor themselves that misold the policy.

I'm looking to take this to the Ombudsman but not sure of the best way to go about it. Do I even have a case after what Lloyds are saying??!

Thanks!

Hi Mullins i'm sure you have a case i'm having exactly the same with LTSB myself waiting for the fos to adjudicate, this bank are well known for using underhand tactics, i'd fos this.

RSMullins

cappo wrote: »

Hi Mullins i'm sure you have a case i'm having exactly the same with LTSB myself waiting for the fos to adjudicate, this bank are well known for using underhand tactics, i'd fos this.

Thanks, that makes me feel so much better. It's so annoying because I know the paperwork is all good - no doubt about that. But the fact that they are claiming that because the paperwork says I can't claim because that says it was optional really bugs me. The sales advisor should have been more clear about what PPI was!

Sgt50a

Good afternoon all, first post to get some feedback hopefully.
Just had my 'Dear John' from MBNA knocking back my claim for unwanted PPI on a credit card since Aug 1994. I have already filled out the questionnaire for the Ombudsman. Just wondering is this the correct next step and has anyone here had any experience with MBNA. Many thanks