PPI Reclaiming Discussion Part 5

sassyone19

hi dont know if am posting in right place but need to find out what to do nexthave had a complaint going with ford credit for 7 months now had final response saying they cant uphold as its out of time frame,got in touch with fla they say they were not regulated 2004 when i took my policy and finance out,the fos also say they cant help as it was before 2005.is there any oother avenue i can explore as realy do feel i was missold policy ,n feel as ive been fobbed off.should i try the underwriters of the policy which is aviva?(have heard few are successfull with this) or shou7ld i consider contacting fsa.also when i just looked up ford credit on the fsa it says they were regitered since 2001?hitting my head against a brick wallx

totalhysteria

Hi all,

I have just had a rejection letter from HBOS regarding a loan from 2002. They mention in the letter that the benefits outweighed any cost of the ppi, and that the 'single premium' policy was deemed suitable for me. (Also that I took the loan out in branch, so there could not possibly be any miss-selling)

At the time I was in a secure job with full sick pay (and am still in said job now) I mentioned this to them, but they seem to disagree with this being a reason for being mis-sold the ppi. (I know that the ppi was never explained to me in the meeting)

How would I reply to this? (I can show my employment history/benefits) And is single premium 'front loaded' ppi?

Many Thanks

daj2390

jovisd79 wrote: »

well just had a letter from tsb saying they realise the 8 weeks to make a decision is up but because they are so busy dealling with all the complaints they may take upto another 8 weeks to reach a decision. Just so frustrating after reading on about the people getting wins with tsb within 6 weeks of complainging! Ho-hum will just have to wait with fingers crossed i bit longer i suppose

We had the same letter today, disappointed as it is almost 8 weeks since we sent our complaint in. Fingers crossed it's good news when we do hear!

annakonda

Moneyineptitude wrote: »

So you haven't checked your credit card statement for ten years?
That's 120 statements your PPi would have appeared on.
Do you see where this is going?

I didn't even know what PPI was until recently and didn't know it was on my account until a barclaycard advisor told me. I was a student at the time and usually just went to pay off my balance. When online statements came, I had a direct debit so I never really looked at my statements in detail and cannot remember seeing PPI.

[Deleted User]

annakonda wrote: »

I didn't even know what PPI was until recently and didn't know it was on my account until a barclaycard advisor told me. I was a student at the time and usually just went to pay off my balance. When online statements came, I had a direct debit so I never really looked at my statements in detail and cannot remember seeing PPI.

My point was that the Bank are unlikely to accept that you just paid your credit card bill for ten years without checking for errors or more importantly unexplained payments (like PPI).
Your complaint should be honest (and I'm sure it is) but it must also have credibility to stand a chance of success.

Pinkvee

Hi a few weeks ago I claimed my ppi using the template on here. I remember downloading a step by step word file which literally had what to write - giving various options in box by box. I now cannot find this on the website, can any one point me in the right direction? I am keen to find this as it helped me to recover £1436 in PPI and I need to now help my mum fill in hers.

Thank you !

[Deleted User]

Pinkvee wrote: »

I remember downloading a step by step word file which literally had what to write - giving various options in box by box. I now cannot find this on the website, can any one point me in the right direction?

The link is at the top of every page!;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3

Pinkvee

Moneyineptitude wrote: »

The link is at the top of every page!;)

I have that information and the questionnaire to send, it was another word document in red and blue which explained each question and delete as appropriate answers? Sorry if i am sounding vague.

[Deleted User]

Moneyineptitude wrote: »

The link is at the top of every page!;)

Pinkvee wrote: »

I have that information and the questionnaire to send, it was another word document in red and blue which explained each question and delete as appropriate answers? Sorry if i am sounding vague.

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3

Look again at the link I provided, I promise you the guide you require is staring you in the face!

Hint: It's helpfully marked, "Free Guide" and is immediately below the template letter.:cool:

alwaysmugged

hi

can somebody explain to me what the unfair rebates on a front loaded ppi are?

also does it make a difference if you took the loan out at the bank or the car dealership?