PPI Reclaiming Discussion Part 5

[Deleted User]

Moneyineptitude wrote: »

HSBC are seemingly the most fastidious Bank in following the FSA six year guideline in destroying old information. Some have accused them of "hiding" behind this rule, but the fact remains that if the Bank say they no longer have the information then only your own archive can provide it.

nee666 wrote: »

Now if I wish to ask HSBC for all the info they have on me that is my legal right to do so if I pay £10.......

But it's a waste of £10 if it's for details from more than six years ago-especially if the Bank have already told you (less formally) that they have no record.
I explained as much above.

People do win redress for some very old loans and credit cards, but without exception it's because they can provide comprehensive documentary evidence with solid complaint reasons.

nee666

Moneyineptitude wrote: »

But it's a waste of £10 if it's for details from more than six years ago-especially if the Bank have already told you (less formally) that they have no record.
I explained as much above.

That maybe the case we will see, however at the time of sending the letter I had read that some institutions keep records longer, vw sent me all my sar info back to 1999, turned out my hunch that my loan info I was missing due to robbery ( they took 2 briefcases of paper work) was right it had ppi on it :-)
HSBC don't make sense in the op the card i mentioned I had already sent copies of 2years statements showing ppi, along with the complaint, to say no records in 1 letter, then yes there's ppi in another doesn't make sense, "I know there's ppi I sent you(HSBC) the statements showing it"

All the loans I've got docs for are front loaded ppi, the full cost of this was never explained to me, all loans are a chain though, don't know how they will deal with them as a chain though as I haven't got documentation for them all.......

[Deleted User]

nee666 wrote: »

All the loans I've got docs for are front loaded ppi, the full cost of this was never explained to me, all loans are a chain though, don't know how they will deal with them as a chain though as I haven't got documentation for them all.......

Being a consolidation chain improves your chances both of success (you've effectively paid a loan on a loan on a loan) and of the Bank still having records (consolidation records are kept until the last link in the chain has been paid off for six years).
I don't hold out as much expectation for your old credit cards, however.

[Deleted User]

nee666 wrote:

Was having an interesting conversation with my x-father-in-laws compliance director a few weeks ago, there not a small company by any means 3 offices 25+ staff,
if any kind of insurance has a life element to it the Fsa says records must be kept as long as that person maybe alive, even if the policy is no longer live.......

Of course, PPI insurance doesn't have any life element.
EDIT: I guess you realised that and so deleted the post while I was replying to it.

nee666

Moneyineptitude wrote: »

Being a consolidation chain improves your chances both of success (you've effectively paid a loan on a loan on a loan) and of the Bank still having records (consolidation records are kept until the last link in the chain has been paid off for six years).
I don't hold out as much expectation for your old credit cards, however.

Last loan paid off plus 6 years takes me to 2009 ish, there's not much card wise few hundred£ loans are min 2,100 for the 1s Ive got docs for, that's how much the premiums were without interest..... Time will tell..........
off to kip now zzzzz

nee666

Moneyineptitude wrote: »

Of course, PPI insurance doesn't have any life element.
EDIT: I guess you realised that and so deleted the post while I was replying to it.

Yeh it's getting late lol, was thinking about my mpi, got all the details from Norwich union/Aviva, long shot but worth a try paid over £3k before I cancelled it.......

[Deleted User]

nee666 wrote: »

Yeh it's getting late lol, was thinking about my mpi....

Sleep well!
(That friendly enough for you?;))

nee666

Moneyineptitude wrote: »

Sleep well!
(That friendly enough for you?;))

Thanks:) will keep u & the www posted on developments

Gladywaddy

Moneyineptitude wrote: »

Happy to oblige...

The year 2000 is twelve years ago, 1997 even longer ago. It appears there are no records of this finance at the Bank or they would have listed it in their response.

Thank you that's really helpful.

fries320

-taff wrote: »

Why do you think it was missold? Do you have life cover with anyone else or other means of re-paying your mortgage otherwise?

Hi,

I'm not worried about the actual life insurance. It's the PPI for the for the cover that we didn't want. That is the issue for us. As well as the fact that we were told that we couldn't have the cover without PPI unless we paid a fee.

We are wondering if anyone had experience of this before? (ie PPI with insurance companies as opposed to loan/mortgage companies). Surely it's the same principle, but all the advice seems to be directed at loan PPI and not insurance PPI. Hence we are wondering if they (life insurance companies) were exclude from claims.

many thanks

fries320