PPI Reclaiming Discussion Part 5

-taff

cdr3 wrote: »

No mention of their high rate of debt interest.

The interest on the card capital is nothing to do with the PPI so they won'tbe refunding any of that.

[Deleted User]

cdr3 wrote: »

They say its their final offer.

If you remain dissatisfied with the offer, you can refer it to FOS. However, doing so is futile if you have no evidence that you paid more than they are offering.

cdr3 wrote: »

No mention of their high rate of debt interest.

This is completely irrelevant to a PPI complaint

cdr3

Not talking about the card capital just the ppi premium. Thought they had to refund their high rate of interest they charged on the money plus 8%. I paid less ppi to Egg yet they refunded £1800?

[Deleted User]

cdr3 wrote: »

Not talking about the card capital just the ppi premium.

Redress is a refund of all PPI paid, plus attendant interest plus 8% simple interest.

debih2412

Hi. We've arrived home from holiday to a letter from CT Capital (formerly Central Trust) offering us a substantial amount on our miss old ppi.

This is completely out of the blue - we applied for it back in 2012 and were told it had not been missold. This letter says they have reviewed it and we are - it is over £13,000.

My husband is going to ring them on Monday. We are a little concerned over the identification documents they want.

They are asking for originals of our passport or photo driving licence or originals of a bank statement and the debit card that goes with it (or a photo copy of both sides of the debit card). They also ask for proof of address - originals of utility or council tax bills.

Asking for that information i(the debit card or front and back photocopy) is making us worry that it is some sort of scam - but it does all look legitimate.

Does that sound right for proof of identity.

dunstonh

Does that sound right for proof of identity.

yes. Anti money laundering regs apply to redress. If you fail the electronic checks, they need to revert to paper.

woodcr

hi ,a few years ago i had a mortgage with nationwide and they charged me a fee for payment guard is this the same as ppi l would like to be sure before l start proceedings so if anyone can help l would be obliged.thanks

dunstonh

woodcr wrote: »

hi ,a few years ago i had a mortgage with nationwide and they charged me a fee for payment guard is this the same as ppi l would like to be sure before l start proceedings so if anyone can help l would be obliged.thanks

MPPI is monthly premium by direct debit (one of the reasons why MPPI complaints mostly fail). You describe a fee although the name suggests otherwise. Was it a one off fee or a regular direct debit?

woodcr

it wasn,t a one of fee it was a monthly premium paid by direct debit,thanks for your reply.dave

DerekJamesLake

Hi
I took out a Business mortgage in 2006 with commercial first. I was told I had to take out PPI, was told that my mortgage was linked to libor and that they had to value the business, was advised to take out more than I needed. In Aug 08 I tried to make use of the PPI due to personal circumstances, was told I could not. My Business a B&B was repossessed in Dec 08, I lost my home/Business and marriage, the business sold at a substantial loss. I have moved on and don't need sympathy but I do need advice. Is there after this length of time something I can do about this miss selling. I am not dull, but I do feel as though I was taken advantage of and that the business was seriously over valued, in addition to PPI and linked to the LIbor rate.. would just like to add I am scraping a survival, no way well off, I am just surfacing after 6 years of hell