PPI Reclaiming Discussion Part 5

NYGiants

dons1983 wrote: »

Ok, thanks for the advice - so do I just write to Bank of Scotland in the 1st instance, saying I feel I was mid-sold the insurance (even though I've signed the box saying I want it?!), and take it from there.

Am slightly worried about repercussions, when I reclaimed bank charges they paid out, but advised they reserved the right to close my account in the future if I had any other problems.
Only problem if they were to close my account is I currently have an agreed overdraft that I use!

But is there no harm in writing to them to complain in the 1st instance?

Thanks again for any advice!

dons1983 wrote: »

Hi - sorry to. 're-post', but could anyone answer this message for me please?

Many thanks for any advice!

I've successfully claimed from companies that I'm still associated with and there haven't been any repercussions.

They don't send me any nasty e-mails, they don't phone me at 3am when drunk and they haven't de-friended me on Facebook!

Go for it, you have nothing to lose!:beer:

PPIClaimant

Has anybody reclaimed from First National? I got credit for my double glazing through Staybrite/Zenith and paid PPI through First National - didn't need it. Should I claim from Staybrite/Zenith or claim from First National?
Appreciate any advice - thanks!

uwe28

Got a car on finance 2009,i have checked the paperwork and the ppi box is unticked as i said i did not want it.But heard of other people it might not show up on the paperwork.So not sure wether to ppi claim back.Also my Mrs got a £1500 loan 2005 and i remmber saying to the clerk at natwest we dont need PPi and he agreed.Is it worth checking just incase,i dont have the paperwork for the loan

larry37

hi, looking for some advice i have tried to check my past mortgage and loan for ppi. I had a mortgage with northern rock the mortgage didn't cover the full amount of the house price so they added a loan on top of mortgage to make it up to the house price so i wrote to them using the template letter to check if i had ppi on any of the loans this was the reply i got i have payed both the loan and mortgage back in full

As your loan account which was subject to a credit agreement regulated by the consumer credit act 1974 with us redeemed on 8 October 2008 we are not under any obligation to comply with your request to section 77(1) of the consumer credit act section 77(3) of the consumer credit act provides that section 77(1) of the consumer credit act does not apply to an agreement where no sum is,will or may become payable

on the mortgage they say they hold no information and gave me contact details for cardiff pinnacle to contact them to see if i had ppi

sorry for the long post any help on what i do now would be greatly appreciated

-taff

uwe28 wrote: »

But heard of other people it might not show up on the paperwork.

Not true, it always shows up on the paperwork. What you've heard is PPI claims firms lying to people to get their business on the off chance they had some and forgot.

-taff

they don't have to supply credit agreements to closed accounts. Send a SAR and £10 or phone and ask.

Jill51

My son was mis sold PPI when taking out a re mortgage in 2002. The company has now gone into liquidation. Through the financial ombudsman I have found the insurance company now handling the PPI, but they do not take responsibilty for mis sold PPI. The FSC scheme did not start until 2005,and therefore we are being told the only option is to apply to the liquidators but there is very little chance of any payment. Is there anything else we could try?

dunstonh

PLease mortgage are not regulated by the consumer credit act. So, asking them to supply details under the consumer credit act is doomed for failure. In addition, Mortgage insurances dont typically appear on mortgage contracts either.

NR are only liable for products that they put in place. Not products put in place by brokers.

dunstonh

Jill51 wrote: »

My son was mis sold PPI when taking out a re mortgage in 2002. The company has now gone into liquidation. Through the financial ombudsman I have found the insurance company now handling the PPI, but they do not take responsibilty for mis sold PPI. The FSC scheme did not start until 2005,and therefore we are being told the only option is to apply to the liquidators but there is very little chance of any payment. Is there anything else we could try?

Even if you apply to the administrators (if the company is still at that stage) they dont have to consider a pre 2005 complaint.

Seeing as most mortgage insurances are sold correctly (just 0.2% of PPI complaints at the FOS are adviser cases and the FSCS only had a 5% uphold rate against mortgage advisers) your son was statistically unlikely to succeed in a complaint even if it was a post 2005 sale.

There is no option now. its game over.

larry37

-taff wrote: »

they don't have to supply credit agreements to closed accounts. Send a SAR and £10 or phone and ask.

sorry i'm a bit of a dafty with these thngs whats a SAR?