PPI Reclaiming Discussion Part 5

rocketman99

hi just had to chase up lloyds on my ppi on a loan i had they say they have sent out a letter stating that the ppi was was upheld but was cancelled within the 30day cooling off period i didnt even know i had the ppi in the first place untill the local branch told me so if i didnt know i had it how could i cancel it ???? is their a way of double checking the information they are telling me because so far i dont trust what they say one bit . any advice please thanks in advance

roger0889

:jHi. My daughter was told she had to take out a ppi plan when she got a business loan from Natwest. She has since gone bust and I presume the bank have claimed their loan back from the ppi. The thing is she was definitely led to believe that without the ppi in place she could not have the loan. Has she any redress in respect of claiming mis-selling even though the ppi has probably paid out????

wewillhaveago

Hi Please help me with what i do next!

I recently rang Lloyds TSB regarding if i have ppi on an old Loan and Credit card and they said yes "this i was unaware of purchasing" so i made my complaint, a week later i recieved an acknoledgment letter, 2 weeks after this a supprised phone call asking why i am complaining in which i explained, 6 weeks later i have now recieved another letter saying they are sorry they have found insufficient evidence of it being miss sold and are unable to uphold my complaint.

Please can someone advise what i should do next
Thanks X

TCBoo

Hi,
Advice please ....
Can I claim missell of PPi on the basis that the lender did not inform me that PPI was available thru alternative (possibly cheaper) sources or that it failed to discuss alternative products such as life insurance?

Toni72

Hi All, after several friends successfully claiming back ppi, I am now looking to pursue a few banks myself..

I took out a personal loan with Firstplus for a very large amount back in 2003 of which I finally paid off two years ago..

Has anyone had success with Firstplus? My payments were in the region of £650pm and secured against my property...again not one hundred percent sure if I took out PPI....

Any help would be gratefully appreciated.

myfriendmartin67

Could somebody please look at this and tell me if it is right or should I refer to FOS..
Received my goodwill letter today, 8wks up Mon.
My existing loan has 12mths left from 84 mths and relates back to all my previous ones so I just sent ppi claim for this one and asked for all others to be taken into consideration with supporting paperwork.
Had life insurance and stay at home mum sometimes with part time job, so no need for ppi.

1st loan Jan 2004
(a) £2306.45 cash loan for refin exis bank debt
(b) £2693.55 for repay bank acc no *******
= £5000.00
(c) £1192.00 Ins loan
The Credit £6192.00
Total charge for credit £1360.80 comprising (a) interest £1310.80 and (b) admin fee £50.00
Total amt payable £7552.80
Instalment repayment 60mths £125.88 comprising (a) main loan repayment £101.64 and (b)insurance loan repayment £24.24
APR 8.4%

Goodwill offer comprises:
Total refund ppi premium & assoc int paid to date £192.32
Stat & Stay int values (Gross int at Stat Rate added to each overpayment to date plus additional int for delay from when informed complaint put on hold) * £125.12
Less Tax (20%) £25.02
Net int £100.10
Total offer £292.42

Will post each one seperate has timeout occurs otherwise.
Hope this makes sense and any advice is welcome. Thanks in advance

slow_loris

I have never used a forum before so I'm not sure if I'm doing this right! Apologies if this has already been asked. I have checked all the FAQs but can't find the answer to my problem - I don't have any account numbers for my loans, and as they are over 6 years old an Experian report won't list them. I can't start the ball rolling with reclaiming my PPI as I need the account numbers for the first template letter. What should I do? Any advice much appreciated.

myfriendmartin67

2nd loan Oct 2004
(a) 2732.83 cash loan for refin exis bank debt
(b) 4767.17 for repay bank acc no *******
(c) £1941.00 ins loan
The credit £9441.00 (=a,b,c above)
(d)Interest £1770.40
(e)Admin fee £131.00
Total Charge for credit £1901.40 (=d, e)
Total amount payable £11342.40
Instalment repayments £189.04 @60 mths comprising main loan repayments £150.18 and Insurance loan repayments £38.86
APR 7.7%

Goodwill offer comprises:
Total refund ppi prem & assoc int paid to date £475.81
Stat & Stay int values (Gross int etc as before *) £279.45
Less Tax (20%) £55.89
Net int £223.56
Total Offer £699.37

myfriendmartin67

Loan 3 2005/6 not sure of date as not on paperwork
(a)loan £10300.00
(b)Term 60 mths
(c)Total amt payable £12565.89
(d) instalments repayments £209.43
APR 8.4%
OTHER FINANCIAL INFO
(A) Purpose & amt loan
loan (a+b) (a) up to £6894.53 for refin acc no ******
(b) cash loan of £3405.47 (plus any balance of loan (a) not used for refin) for REFINANCE DEBT THIS BANK
(B) total charge £2265.80 comprising (i) int £2265.80 (ii) admin fee £0
APR int applied to loan acc when loan first drawn this is fixed ann rate int of 8.12% over term
Payment allocation Any payments the customer makes are allocated as follows first pay off any arrears then pay off any costs, expenses & charges due finally amount owed on loan acc.

Goodwill offer comprises:
Total refund ppi prem & assoc int paid to date £122.28
Stat & Stay int values £63.37 (Gross int etc as before *)
less Tax (20%) £12.67
Net int £50.70
Total offer £172.98

myfriendmartin67

Loan taken June 2006
(A) Amt & purpose of loan £15000.00
comprising loans (a+b) (a) upto £9165.72 for refin acc no ****
(b) cash loan of £5834.28 (plus any balance of loan (a) not used for refin) for REFINANCE DEBT THIS BANK
(B) term 84 mths
(C) Total amt payable £21351.96
(D) Instalment repayments £254.19
(E) APR 11.2%
OTHER FINANCIAL INFO
(A) Total charge £6351.96
(B) Annual rate interest. The amount of int payable at beginning of agreement and is equiv to fixed ann rate of int of 10.66% over the term.

Goodwill offer comprises:
Total refund ppi prem & assoc int paid to date £9.94
Stat & Stay int values (Gross int etc as before *) £4.79
Less tax (20%) £0.96
Net Int £3.83
Total offer £13.77