PPI Reclaiming Discussion Part 5

mgriff5

Hi,

Details are sketchy at the moment but wondered if anyone can help us on the following:

My father-in-law who has MS bought a pair of shoes through the Premier Man catalogue about 8 years ago. Unfortunately he paid for them weekly - it was for our wedding so he never told us - and he just paid the minimum amount off, so was charged huge amounts of interest over a number of years.

He told me today he was also paying £2 a week 'PPI' and I was wondering if we can claim this back?

Two points, 1 he would never have been able to claim it as he is on incapacity benefit and 2 I am sure he wouldn't have knowingly signed up for a £2 a week insurance cost for a pair of shoes!

I have asked him to dig out the paperwork and as he is a bit disorganised this will take him about a week but in the meantime does anyone think this is an issue we can tackle or are catalogue companies exempt from the PPI claims that have been so well publisced on the MSE website (and other media of course):money:

Any advice is much appreciated

deeburn

hope I'm posting this in the correct forum? hopefully someone can help me or point me in the right direction...like most people who took loans out 5-10yrs ago I have no idea if I had PPI - I had a loan with Barclays back in 2004, the loan was payed off plus I've moved house a few times since then so never kept hold of any paperwork linked to it - I'm not with Barclays now either so where do I begin (if I can?)
thanks
dee

peanutbutter_cups

hi dee
try calling in at your branch lloyds still helped me with info on loan numbs even tho i dont bank with them any more make sure you take ID with you so they know your you or try ringing em n see if they have your info xx

ajpountney27

Hi All,

Back in 2004 i opened a student over draft facility for £1500 this then was extended in 2005 to £1750. At the time i wasn't asked about PPI. I finally started paying interest in late 2006 and have only recently paid it off.

I also had a student credit card in 2005 for £500, but started paying interest straight away on the balance. I've also recently paid this off but again i wasn't asked about protection insurance at the time.

These were both with HSBC not sure whether i'll be entitled to it as its a student account. I'm tempted to ring one of these companies, but if i am entitled don't think i'd be happy about parting with 30%.

Can somebody please point me in the right direction with regards to starting my claim and some king of step by step guide?. Tried to do it on here but thier are to many links and questions i'm unable to answer.

Many thanks

Ash

glitterbug40

hi, this is all new to me posting in forums,but really could do with sum advice on what to do next... i have put oy complaint in the hands of the Ombudsman agaist Capital One. i had a reply yesterday saying they are not upholding my complaint!! there is two pages of reasons why this isi made it clear i wanted the PPi... which it was postal application and ganted i ticked the box not really knowing what it was at the time, and it was never explained what it was for...i also made it clear payments would be made if anything was to happen to myself.. all in all im asking if anybody has had a silular response from the Ombudsman and if so did you accept there discission or not as i have till the 12thoctober to take the complait futher.....Please help

many thanks

dunstonh

i have put oy complaint in the hands of the Ombudsman agaist Capital One. i had a reply yesterday saying they are not upholding my complaint!!

Capital One have a very good reputation with dealing with complaints and the FOS only overturned their decisions on 11% of cases referred to them. So, you shouldn't be surprised as statistically you were not likely to succeed.

it was postal application

Which most capital one applications are and why fewer complaints succeed. If you are not speaking with someone and the choice to buy is with you then you are largely reliant on a failure in documentation and there is nothing to suggest Cap One have had such a failure.

it was never explained what it was for

It wouldnt be unless you asked. That is the benefit and disadvantage of DIY.

Overall you havent given any valid complaint reasons. You cant just claim back the premiums willy nilly. Some wrong doing needs to have taken place and in your case, that doesnt appear to have happened.

glitterbug40

Many thanks for the reply.
gina

testvalley73

Hi all after some quick advice again with regards to some cheques Halifax have sent me.

To cut a long story short I sent Halifax 3 ppi claims 1 relating to a credit card and 2 relating to loans. They have basically told me to get lost on the credit card and 1 of the loans (i still believe i was mis sold and will be contacting FOS) but they have decided to uphold my complaint On my 1st loan and offered me a final response of £404.64.

It's the figure they have arrived at that I am unsure about and seek advice from you knowledgable people please.

Loan 1 - £5000 taken out May 2002 of which ppi was calculated at £880.92 (£744.02ppi+£136.90 charge for credit on ppi) apr 11.9%.

Loan 1 was consolidated into Loan 2 which I took out in January 2003

Loan 2 - £12000 ppi calculated at £2865 (£2448.50ppi + £416.50 charge for credit on ppi).

Halifax are admitting mis sold ppi to loan 1 but not to loan 2 and have sent me these figures

Loan 1
Refund of premiums £124
Refund of interest. £ 22.81
Interest at 8% calculated up until 11 Oct 2012 £116.96
Total £263.77

Loan 2
Interest at 8% calculated up until 11 Oct 2012. £ 90.07
Excess balance. £191.67
Total. £281.74

It goes onto say that the Excess Balance referred to above is an additional payment they offer to refund the extra amount I paid when I refinanced the loan/ppi. As my earlier loan included ppi the outstanding balance on that loan, which I carried over to the next loan, was higher than it would have been without ppi and therefore I paid a higher payment and more interest when making repayments on my next loan. The Halifax offer of the Excess Balance and interest is a refund of the extra amounts paid by my with associated interest.

Can someone please tell me if the figures they have sent me are correct as they have already sent cheques out to me and my ex partner to refund (not cashed yet by me anyway as I don't trust their figures).

Hope all that makes sense and thanks in advance.

[Deleted User]

testvalley73 wrote: »

Can someone please tell me if the figures they have sent me are correct as they have already sent cheques out to me and my ex partner to refund (not cashed yet by me anyway as I don't trust their figures)..

Remember that, on consolidation of the earlier loan, your PPI would have been subject to a rebate on early closure. You would then have paid a significant amount of interest on this PPI carried over into your subsequent loan.
The Bank are paying this back to you with a further 8% applied.

Why do you not trust the figures? They are paying according to FSA guidelines of a full refund of all PPI paid (and interest accrued), plus 8% simple interest.

Stop wasting time and cash the cheques!
On what basis are you going to FOS for the rejected loan? What reason did the Bank give for not upholding?

-taff

ajpountney27 wrote: »

Can somebody please point me in the right direction with regards to starting my claim and some king of step by step guide?. Tried to do it on here but thier are to many links and questions i'm unable to answer.

First find out if you did pay ppi. You were unlikely to pay PPI on a student overdraft, only interest.
You may have paid PPI on the card, but only after you stopped being a student, but if you did pay it, you will see it on the statement, so dig out a statement and look.