PPI Reclaiming Discussion Part 5

desperate100

Hi Everyone, finally getting round to sorting out my mis sold PPI's. Think i know what to do regarding send letters to request details as I have lost mine over the years, after 3 house moves,but just not sure who i make all the cheques for £1 and possibly £10 to. Would you reccomend just to the card involved ie Barclaycard. Sorry if i sound thick. Thats why its taken me years to pluck up the courage to embark on this but i do know that on several i was tld that i needed them to get the loans etc.
Many thanks for any help.

-taff

Asking for the credit agreement [the £1] only works if the account is still open and it's for finding out if you paid PPI, this one isn't worth it for you becasue you know you paid it.
A SAR [the £10 - see the frotn page sticky] is for finding out whether you paid it, and how much you paid, but is only useful if all the records are still there. Depending on the age of the account, they may have destroyed records.

You need account numbers [not PPI numbers] to complain, so either phone and ask the lenders involved, and if they don't know, join up for free to Experian/equifax/noddle [ make sure you don't exceed the free joining period] and check what your credit report says.

So basically, follow these steps apart form aksing for credit agreements, and you should be ok. If you do have send a SAR, it's payable to the company, so Lloyds will be Lloyds PLC or whatvever they're called....


http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

salc71

cappo wrote: »

Get the money then talk directly to the debt collection agency and try and negotiate a full and final settlement.:) you should get an acceptance off the dca and it would then be paid, that amount should be enough to pay it off

Thanks for this, it confirms what I was thinking. While I can get the money directly sent to me, in the acceptance form I have to sign & send back to the Co-op, it states 'Please arrange for my current debt of £4113.25 to be reduced by the total redress of £1788.15. I accept that the remaining debt of £2325.10 remains to be repaid'. If I sign this, will it create a problem negotiating a full and final settlement with the DCA?

cappo

salc71 wrote: »

Thanks for this, it confirms what I was thinking. While I can get the money directly sent to me, in the acceptance form I have to sign & send back to the Co-op, it states 'Please arrange for my current debt of £4113.25 to be reduced by the total redress of £1788.15. I accept that the remaining debt of £2325.10 remains to be repaid'. If I sign this, will it create a problem negotiating a full and final settlement with the DCA?[/QUOTE


Yes it will, some, not all debts are actually sold to a dca for 1p in the pound so if it is indeed owned by the dca now it gives you real bargaining power when my loan was administered by metropolitan i did a deal and got a 18k loan reduced to 11k without too much trouble and hsbc still owned the debt.

salc71

Hi, my debt was sold to Cabot. So you believe that even if I sign this acceptance form to the Coop, I should still be able to bargain with the DCA?

cappo

salc71 wrote: »

Hi, my debt was sold to Cabot. So you believe that even if I sign this acceptance form to the Coop, I should still be able to bargain with the DCA?

accept what the coop is offering you by way of a ppi refund dont sign to allow them to take it off your debt themselves and do the full and final when you get your payout, but exercise caution. It in doubt post copies of your paperwork here or run by the cab

SFW

I have received a letter from my bank informing me that I could be entitled to a PPI refund based on old loans taken out years ago. I have already had a refund from MPP and frankly didn't expect to be so forthcoming, they are basically inviting me to apply for my money back?!

Anyone else had a similar letter from their bank (Natwest in my case)? How did you proceed? Is it better to fill in their questionnaire or to apply separately. Sorry if it seems a stupid question to ask but it's been so long since my last application that I have completely forgotten what to do/say in this instance.

amersall

Fill in their questionnaire, be as honest as you can, if you cannot remember then put that.

ginger_daddy

Hi everybody!

Since 2006 I've been attempting to claim back PPI that was mis sold to me in 2004 by a mortgage broker acting on behalf of GE Money. To cut a very long story short I contacted the FOS and they pointed me in the direction of the Insurance underwriter Pinnacle. They contacted Pinnacle on my behalf, who as per the norm denied any wrong doing and refused to admit liabilty.

I have now received word back from the FOS stating that Pinnacle now accept liability for the PPI claim but are raising an issue in that the official complaint was made outside of the initial claiming period and that a complaint was not made to them within 6 weeks of their final decision being sent.

I have tried to clarify this with the FOS but they said that they will review all of the queries raised by both parties and not to expect a reply any time soon.

Have any of you had a similar response from your PPI claims and if so what happened afterwards???

neal_page

Hi all

I've searched everywhere for an answer to this one, but can't find anything.

We had PPI added to our mortgage in 1995 and the mortgage ran to 2001. The only evidence I have of PPI on the mortgage is a single sheet of paper when we took the mortgage out. Other than that I have no evidence at all that we kept the PPI up (we did, because I didn't even know we had it). The Dunfermline, as far as I am aware, have no paperwork.

It's currently with the Ombudsman. My question is, does anyone know how they will deal with a case like this. I think perhaps the fairest way would be to give us 50% of the money, but personally I know we had it for 6 years because I know it was never cancelled.

Thanks in advance