PPI Reclaiming Discussion Part 5

judgecartman

Hi,

First post & many thanks to everyone who contributes on this forum as it gave me the much needed advice & impetus to pursue my own claims.

1) I recieved the same response from Cap1 as below:

pspiller wrote: »

Evening all - I have had a response from capital one "following a complete investigation into your complaint we are confident that the policy was sold appropriately. During your Internet application you clearly indicated that you wanted to purchase the policy and from the information provided you were able to do so" beckon telephone conversation took place? But I had pretty much no idea what I was getting do I still stand a chance of getting this back?

- They even provided me with a print out of a web page with a box to tick (un-ticked on the printout). Forward it to FOS? I did notice in the T&C's for the account from when it was opened that PPI was integral & not a separate/ optional product as it now appears - does this make any difference?

2) Got home tonight to find an offer from Barclaycard for £2500(ish). Am going to ring them tonight to clarify:

• Is the offer proof of mis-selling?
• Is the offer a full refund of the PPI mis-sold?

I've had the card for 9 years, only saw the PPI recently when it became news headlines nationally & only cancelled it round August 2012.



They're offering to pay me the offer directly however it appears that since I have an active account the money will automatically go to pay off the debt on the credit card?

jojo_74

Hi all, hopefully someone can help me out a little here? This morning I received a letter from Halifax bank saying they will compensate me for mis sold PPI on a loan I took out with them, the thing is I actually had 3 loans but they wont consider the other 2. All 3 loans had PPI included in the repayments, the first for £1000.00 I wasn't even aware I had PPI, the 2nd and 3rd, for £5000 and £10000 I was informed on applying that I stood a better chance of being "accepted" if I took the insurance? I don't understand why they can only compensate 1 out of the 3 loans? Would this be because the compensation would be considerably higher than the first? This doesn't seem fair to me! Any suggestions? Thanks :question:

amersall

-taff wrote: »

and you managed to spell everything correctly, whereas I got the exclamation marks for spelling something VERY wrongly

did not notice

amersall

jojo_74 wrote: »

Hi all, hopefully someone can help me out a little here? This morning I received a letter from Halifax bank saying they will compensate me for mis sold PPI on a loan I took out with them, the thing is I actually had 3 loans but they wont consider the other 2. All 3 loans had PPI included in the repayments, the first for £1000.00 I wasn't even aware I had PPI, the 2nd and 3rd, for £5000 and £10000 I was informed on applying that I stood a better chance of being "accepted" if I took the insurance? I don't understand why they can only compensate 1 out of the 3 loans? Would this be because the compensation would be considerably higher than the first? This doesn't seem fair to me! Any suggestions? Thanks :question:

Have they said they won't consider the other loans and if they did what reasons did they give, or is it that you have heard nothing about the other two yet?

Do you have the paperwork for these loans and what reasons did you give for mis sell?.

amersall

Cheapskate wrote: »

Hello everyone

I posted this a while ago, but still can't find an answer. Is anyone able to point me in the right direction please?

Many thanks if you can help.

Start a new thread with this, entitle it "Mortgage PPI " and you should get help with this.

amersall

Jaja1703 wrote: »

Hi all. Hope someone can give me some advice. PPI first appeared on my credit card statements in 2000 but as it's so long ago I can't remember anything about it - whether I asked for it or it was just added or was sold it or not. Anyway, after receiving my very first annual PPI review form from LTSB and noticing that according to their records I was working part-time (something I haven't been since pre 1997) I thought that if they had that wrong then I might have been mis-sold. Also, from review could see that anything the PPI covered was easily covered by my employer (and still is)
So rang them up at end of September and registered the complaint. Had a phone call a week later checking on details then nothing. Just before Christmas realised that I'd heard nothing so rang again. Told they'd not upheld my claim and posted a letter mid-October (which I've never received). Said they'd send another copy to me. I still haven't seen anything ...
So ... should I wait and put it down to the Christmas / New Year post delays? Should I ring them again? I'm guessing I can't move forward until I know why they've rejected my claim
I've been at the same address for the last 35 years .. so it's not like I've moved or anything .....

Give them until next Friday, if you still have not received this then contact FOS and put a complaint in, this is ridiculous, if they had sent a letter in October, you should have received this by now, delaying tactic if you ask me.

amersall

They even provided me with a print out of a web page with a box to tick (un-ticked on the printout). Forward it to FOS?

If the PPI was " allegedly" taken over the phone, get back in touch and ask for a copy of the recording to prove this.

I did notice in the T&C's for the account from when it was opened that PPI was integral & not a separate/ optional product as it now appears - does this make any difference?

As this started as integral, get back in touch and tell them you were not aware you had PPI until it started showing on the statements as a
separate item, also, why would you not take this when you thought you did not have it, to then take it after a phone call, ask them to provide the recording so that you know what was said by the salesperson to make you take this.

2) Got home tonight to find an offer from Barclaycard for £2500(ish). Am going to ring them tonight to clarify:
Is the offer proof of mis-selling?
Is the offer a full refund of the PPI mis-sold?

If they have all the statements to show the PPI you paid they will give you full redress, if they have no proof then they will go back 6 years and redress accordingly.
If the card has no arrears then they should give you the full redress, if there are arrears, they can take the redress off the card balance, if they pay the redress to you, this will go onto the card and they will raise a cheque and then take it off.

amersall

necktiesareforfools wrote: »

i've been checking my dad's other accounts and it appears that he has ppi on two credit cards that were sold on to other lenders at least twice . My dad can't remember how the ppi got put on on the original accounts but thinks that they used phone calls to sell it to him.

is it a good idea to use a s.a.r. on the current owners to try and find out whether or not the ppi was mis-sold?

my dad also had ppi on two credit cards that have now been closed. can we s.a.r. be used on closed accounts?

thanks in advance.

You can use a Sar if you have no card numbers, but give as much info to help them trace your Dad. depending on the years these were taken out, it is possible they no longer have details of these if they were from a long time ago, if there were 2 cards with the same company, ask them to check other cards that were taken with them.

Any cards that you have the card numbers for and reasons for mis sell then put claims in, get your dad to look here for reasons mis sell.

http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance
Some of the reasons may have applied to your Dad, was he retired, had good salary and sick pay, life insurance, could he have repaid the card should the worst happen ? he needs to let them know that he had no use of this insurance.

jenkit

Hi, I took out a mortgage and was told I had to have the life insurance through the mortgage company also or else I wouldn't qualify for the mortgage. Is this the same thing as misold PPI does anyone know? Do I have a case as it was over 10 years ago.
Thanks

-taff

jenkit wrote: »

Hi, I took out a mortgage and was told I had to have the life insurance through the mortgage company also or else I wouldn't qualify for the mortgage. Is this the same thing as misold PPI does anyone know? Do I have a case as it was over 10 years ago.
Thanks

Not the same thing. It's only missold if you didn't plan on dying at all, or if you had no dependants or were single.