PPI Reclaiming Discussion Part 5

magpiecottage

naz2013 wrote: »

Hi all
I have a problem. I had a loan in 1985-91from a bank which I paid back and I know I had ppi on it. I have no documents to prove this. I apporached the bank and they say they do not have these details. Is there anyone who knows how I can achieve this.

The Banking Ombudsman was only established in 1986. If it was a building society, its Ombudsman scheme was only established in 1987,

Therefoe a dispute dating back to 1985 with a bank would predate the jurisdiction of FOS.

-taff

captainking wrote: »

Can anyone please point me to the correct form to sendt

Step 3.
http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance

-taff

Decemberbaby wrote: »

Hi all, first post here. I am trying to help my dad out he had a credit card, which he has paid PPI on since 2006. He recently contacted his bank (HSBC) and they told him they can't find paperwork relating to PPI:eek: ! I don't know what to say to him so here I am asking for help please Should he continue to an ombudsman, try the bank again or something else.

Thanks in advance if anyone can help.

D

http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance

closed account method - no need to ask for the agreement

McToon

Hi All,

I'm new to this, but thought I'd post a question, which has probably been answered to similar problems/questions before.

I completed PPI questionnaires with my Building Society and they have responded and rejected my claim, stating I had the option to cancel my PPI and that I new what I was getting involved in, because I didn't include my then wife on my PPI insurance for my mortgage and my additional borrowing.

However, my complaint was not just that I thought it was mis-sold, but that I was never assessed to see if I indeed needed it due to the fact I had savings or if I had the option to compare costs. With that in mind should I still write to the Ombudsman?

Regards
McToon

-taff

what did the PPI cover?

[and they never had to tell you it was cheaper elsewhere....]

purepink

Goflow wrote: »

I took out a loan back in 2004 by direct contact in my local branch with an adviser. Due to my secure employment (6 months full pay & 6 months half pay when unable to work) I did not want PPI and told the Adviser so. He told me that I would not get the loan without the PPI so I agreed as I needed the money urgently.

I don't have any paperwork now and the loan was paid off early in 2008 but Lloyds have confirmed that I paid nearly £4000 in PPI during that period. I don't know if the PPI was paid up front or otherwise but I paid £99 per month for it.

Is this single factor suitable for a successful claim. I have heard conflicting reports.

Appreciate any help.

I just thought I would mention that I took a £5k loan (mortgage top-up) with Lloyds around 2000 (I still have the paperwork somewhere) and I HAD to take PPI. The premium I paid covered a range of loan values, e.g. if I had borrowed £10k the premium would have been the same. So, when I needed to borrow a further £5k (again as a mortgage top-up) and they insisted I paid an additional PPI premium, I argued against it, but I was told that if I wanted the money I HAD to pay the premium. At the time, I was very short of money so it was incredibly frustrating. I did write to Lloyds about it and I still have my correspondence.... but just to say that the policy was 'if you want the money, you pay the insurance.' In addition, at the time I was working for a small business. The owner took a personal loan and was paying a lot of PPI on it - again it was Lloyds and again, they insisted that he had to pay it, even though he was self-employed! Sadly he died some years ago, so can't 'reclaim' his premiums.

maz1411

HI not sure if anyone can help ... we were rejected from Capital one and i let it over 6 months before going to the ombudsman ... They have just rung to speak to my hubby who is not here so are ringing back .... anyway is there anyway round the fact that we left it over 6 months?

-taff

Not unless you have a very very good reason why not.

dunstonh

maz1411 wrote: »

HI not sure if anyone can help ... we were rejected from Capital one and i let it over 6 months before going to the ombudsman ... They have just rung to speak to my hubby who is not here so are ringing back .... anyway is there anyway round the fact that we left it over 6 months?

You need a very very strong reason for the 6 month rule to be overridden. Typically it is things like being incapacitated for the whole period in question (not just 6 months but the whole length you have left it) or direct family bereavement.

If it makes things any better, Cap One have a very good reputation with complaint handling and the FOS stats show that they overturn very few of Cap One complaints. So, statistically you probably wouldnt have won your complaint at the FOS.

Jaycee2411

Hi. I received a letter/form from Natwest about reclaiming PPI. I've finally got around to filling in the form to send to them and it got me thinking about my other loan and ex-credit cards.

I've received 4 CPP letters about what I think are ex- credit cards. It's hard to tell as they don't use the account numbers that I had. Anyway, I don't think they include the credit card I had with MBNA. I know I have some late charges etc on it that I can reclaim, and will try to, but I was wondering about the PPI they charged me. Should I/can I claim the PPI back? I had the card between 2001 and Jan 2009. I cancelled the PPI in May 2008 as it was adding too much to my balance and I was starting to have financial difficulties at that time.

I also have a current loan with MBNA. There is only a few thousand left to pay on it. It has been taken over by Arrow Global now. I don't have much paperwork for it and I can't remember if it was a consolidated loan. I think it might have been. I didn't want to ask MBNA about it in case it gave them some kind of advantage in not granting a claim. Should I send them a letter anyway?

Any advice would be much appreciated.