PPI Reclaiming Discussion Part 5

dolphingazer

ryan33 wrote: »

hi im a bit confused about my ppi offer from black horse.

I have recieved an offer for £158.40

the calculation is as follows -

refund of premiums £952.30
less arrears on loan -£4313,97
interest at 8% £198
less tax -£39.60
total £158.40

It explains in the letter that they propose to use the refund of ppi premiums to help reduce the arrears and that if i didnt wish them to do this i need to give them a call.
Does this mean that i have an option of them paying me all the refund and that based on the above calculations i could receive much more.
At the moment i could do with the hard cash having just been made redundant.
hope some one can help ?

Hi ryan,

I would give them a call to discuss your options. You never know they may be helpful.

ryan33

Am i looking at at receiving about £5400 or have i completely got the wrong end of the stick ?

[Deleted User]

ryan33 wrote: »

Does this mean that i have an option of them paying me all the refund and that based on the above calculations i could receive much more.

No this is not an option for you, but they are giving you the chance of discussing the proposed setting off of your redress with them so that they can't be accused of treating you unfairly.
You'll need to convince them that you have other more pressing debts or outgoings and that you have a plan in place to pay off the arrears with them. If you can present a compelling case, they may reconsider and award you (some) more of the redress.

fishing737

Hi, does anyone have a genuine email address or contact number for welcome finance? I'm trying to claim back ppi but have had no reply. Has anyone actually had a response from them regarding loans Pre 2005? Any advice very welcome!

stressedbusymum

I am wondering if anyone knows where i should send my claim to. I had a £3000 pound loan with alliance and leicester to buy a car in may 2004. I believe it had single premium ppi and would like to make a claim. Do i send it to the sticky address for alliance and leicester or to santander?. Thanks

browneyes1967

Hi.. think I posted in the wrong forum before so here goes.. Hope someone can help me. I sent a request to capital one asking for a copy of my agreement in relation to my credit card. On receiving this it clearly shows that I did tick the box and sign to purchase PPI. However when I initially applied for the card, I was told I would have to pre-load my card with £200 and purchase ppi if I wanted the card as I had a poor credit rating due to my ex-husband. I was also told that if I didn’t do this I would not get the card and my credit rating would be further affected. Is it worth me putting a claim in or should I chalk it up to experience?? Thank you in advance.:)

skintmummy01

amersall wrote: »

Write back and reject the reasons they give for not upholding, show you had no need of this PPI, if you could have paid it back should the worst happen, and the reasons you give above regarding sickness and redundancy and life insurance if you have it.

Thanks for the advice Cappo and Amersall, have sent letter to Halifax today rejecting their decision and asking them to reinvestigate complaint - fingers crossed!!! Another quick question - how long do they get to respond to an appeal letter???

[Deleted User]

skintmummy01 wrote: »

how long do they get to respond to an appeal letter???

No timescale for responses to appeals has been set by FOS.
Do bear in mind that you only have six months from the date of the original rejection letter to refer your complaint to the ombudsman.

jdwmfc

browneyes1967 wrote: »

Hi.. think I posted in the wrong forum before so here goes.. Hope someone can help me. I sent a request to capital one asking for a copy of my agreement in relation to my credit card. On receiving this it clearly shows that I did tick the box and sign to purchase PPI. However when I initially applied for the card, I was told I would have to pre-load my card with £200 and purchase ppi if I wanted the card as I had a poor credit rating due to my ex-husband. I was also told that if I didn’t do this I would not get the card and my credit rating would be further affected. Is it worth me putting a claim in or should I chalk it up to experience?? Thank you in advance.:)

What have you got to lose? Do you have the original document with the £200 loaded? Was it done in the bank? Did you have any other way of paying? Eg employee benefits on sickness etc.
Just ensure you read all the valid misspelling points on the helpful guide on this page

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

And fill in the questionnaire, be warned however I understand credit cards are the more difficult to claim on.

janner66

Hi,
My girlfriend had numerous loans from banks and a mortgage about 7 years ago. Unfortunately she lost her house and owed money to various lenders. After her mum passed away she used her inheritance to pay off as many debts as she could. She wrote letters to them all and asked for settlement figures. The ones that replied she paid.

I have been urging her to claim for mis sold PPI but she is frightened that if she makes a claim she will be unsuccessful and they might chase her for unpaid loans. Considering that she wrote to them and they did not reply and that it has been a long time and she has not heard from them, is she correct in thinking this?

I am not sure if she still has any paper work available.

Many Thanks.