📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

PPI Reclaiming Discussion Part 5

14274284304324331103

Comments

  • cappo
    cappo Posts: 2,121 Forumite
    Thanks cappo for the reply ! Erm she will be able to acces her last ten years worth of statements but what if it was hidden within the monthly payments ? What could I do ? Thanks inadvance


    sorry rocketman, did you say if it was a loan or credit card as a loan pre 2007 would show the ppi as one payment rolled in with the loan but credit cards (if you have any statements) will show ppi separately.
  • cappo
    cappo Posts: 2,121 Forumite
    Good evening, If anyone can help I would be grateful.

    I have a current credit card and two prior loans with HSBC, I took out the credit card in 1998 and the first loan in 1999 and they both included PPI. During th mid nineties I had suffered with mental health issues. When I applied for the above I was not asked about any medical conditions or told about the medical exclusions.

    Also in 2002 I consolidated my 1999 loan into a new one, this also included PPI. At this time I had been become self employed and had taken out an essential ability policy with HSBC.

    Do I have grounds to make a complaint??:o



    I would say so.:):):):):):):):):):):):):)
  • cappo wrote: »
    sorry rocketman, did you say if it was a loan or credit card as a loan pre 2007 would show the ppi as one payment rolled in with the loan but credit cards (if you have any statements) will show ppi separately.

    erm not to sure cappo will check and update tomorrow thanks
  • just had my sar back from barclays and it makes interesting reading i have added all my ppi payments up and theirs a few that just says card protection ??? and on one statment theirs both ppi and card protection charge? is this just another name for a ppi? also after adding up all my charges do i just add 8% or do i have to add the interest charges aswell on each monthly statement ? any advice please thankyou !
  • k_moor25
    k_moor25 Posts: 279 Forumite
    Hi what happens if your bank rejects your claim, what happens next?
  • k_moor25
    k_moor25 Posts: 279 Forumite
    I have been paying off a loan since 2003, then in 2006 had to take a big loan out because of being in debt and I had ppi added to this loan. I have just found out that Natwest banned selling ppi with loans in 2009 anymore. Does this mean my PPI Policy is not active anymore?
  • amersall
    amersall Posts: 17,035 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    just had my sar back from barclays and it makes interesting reading i have added all my ppi payments up and theirs a few that just says card protection ??? and on one statment theirs both ppi and card protection charge? is this just another name for a ppi? also after adding up all my charges do i just add 8% or do i have to add the interest charges aswell on each monthly statement ? any advice please thankyou !

    The card protection is to protect the card but is a form of insurance, if you were mis sold this then put a claim in.

    Credit card redress is different to a loan, if you win, they reset the card to zero and then calculate the PPI you paid with the interest, any month that gives you a credit balance, does not pay the 8%.
  • amersall
    amersall Posts: 17,035 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    k_moor25 wrote: »
    Hi what happens if your bank rejects your claim, what happens next?

    This depends on what the reasons were for rejection and if it was a final response.
  • rocketman99
    rocketman99 Posts: 12 Forumite
    amersall wrote: »
    The card protection is to protect the card but is a form of insurance, if you were mis sold this then put a claim in.

    Credit card redress is different to a loan, if you win, they reset the card to zero and then calculate the PPI you paid with the interest, any month that gives you a credit balance, does not pay the 8%.

    would this card protection charge be a different claim than ppi as i already have a ppi claim with barclays but should i open a new case for miss-sold card protection aswell ? thanks for your advice so far amerall!!
  • k_moor25
    k_moor25 Posts: 279 Forumite
    I have been paying off a loan since 2003, then in 2006 had to take a big loan out because of being in debt and I had ppi added to this loan. I have just found out that Natwest banned selling ppi with loans in 2009 anymore. Does this mean my PPI Policy is not active anymore?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.