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PPI Reclaiming Discussion Part 5
Comments
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Purplewelshy wrote: »The mortgage company that sold me ppi has gone bust, does anyone know if there is anything I can do now?
Thanks,
Chris.
Sold pre or post January 2005?
Why were you miss-sold?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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pippitypip wrote: »Hi everyone, I've done a lot of searching so please forgive if this has been covered before but how do you go about reclaiming if you have no paperwork, not even account numbers, from over 10 years ago? The MSE template letters need the account numbers at least and I don't have anything at all..
Many thanks!
pippitypip
1) Check your own paperwork
2) If accounts were CLOSED less than 6 years ago they will be on your credit file (check Noddle/Call Credit for free or pay £2 for the Experian/Equifax report)
3) Send a SAR form plus £10 payment to the firm that sold you the product and see what data they have left on you
If you have no paperwork and bank has none then your complaint is over.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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I would like some advise on loan mis selling, I took a loan out with HSBC in the late 90's and refused to take out PPI, as I knew I could never claim on it due to my job. The lady at the bank said if I didn't take PPI I would have to pay a higher interest rate if I wanted the loan, I tried to argue the fact however if wanted the loan I had no choice.
I believe this to be mis selling, how do I go about complaining to HSBC & has anyone else had this happen and managed to claim any money back?? I've tried looking on threads and can't see anything.
I'd really appreciate any feedback and advise. Thank you0 -
slaterhome wrote: »I would like some advise on loan mis selling, I took a loan out with HSBC in the late 90's and refused to take out PPI, as I knew I could never claim on it due to my job. The lady at the bank said if I didn't take PPI I would have to pay a higher interest rate if I wanted the loan, I tried to argue the fact however if wanted the loan I had no choice.
I believe this to be mis selling, how do I go about complaining to HSBC & has anyone else had this happen and managed to claim any money back?? I've tried looking on threads and can't see anything.
I'd really appreciate any feedback and advise. Thank you
if it was mandatory (i.e. bank policy) to have PPI for the lower interest loan then you had no choice and it was not miss-sold as you were told up front you had to have it.
If it wasn't mandatory and you were lied to then yes it was miss-sold but chances are you would not be able to prove it.
The first thing to establish is whether there are any records left - if you have none in your archive you could ring the bank and see if they have any trace - if no to both then your complaint would be over. If they do have records then you could put in a complaint e.g. that because of your job it would not pay out - but you would have to explain this - what was your job and why were you not covered?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Hi everyone, we had a Mortgage with C & G, through LLOYDS BANK, we paid Mortgage protection as we were actually told by Lloyds if we didn't we wouldn't get the mortgage, now the problem arises, we were in the bank recently regarding ISA's, while there we were asked about PPI etc and told we would be able to reclaim the Mortgage protection, now we have a massive, possible insurmountable problem, the lady at the bank has made several calls in our presence and actually got NOWHERE she kept getting passed on, mostly to offshore call centres, she advised us to write in to C and G also the archive dept,we did this and were ignored, we even got the claim letter we put together sent in the banks own internal mail.
Finally after much toing and froing we got a final reply saying that due to it being so long ago they can't find any records.
Honestly now, we sold the property in 1997 it was an ex council property so we had to have had it more than 3 years, but honestly we can't remember, but think it was 1993 or 94 when we took the mortgage out, we know we definitely had the protection as my husband was made redundant in 1996 he was able to claim dole money, but when he tried to claim against the policy we were told that because the word VOLUNTARY appeared in the small print of the redundancy package, it made any claim void.
The thing us due to this and him being unable to find work, we decided to sell up before we were re possessed, we then moved area and eventually after a further 3 years he managed to get work, we have in fact never recovered, and live yet again in a council property, my husband is now retired, I am in ill health and haven't been able to work since a failed hip operation last Easter.
The main problem we have is we long ago destroyed any paperwork, does anyone have any constructive advice, we just feel so bitter about it all. Thank you in advance anyone xx0 -
Hi everyone, we had a Mortgage with C & G, through LLOYDS BANK, we paid Mortgage protection as we were actually told by Lloyds if we didn't we wouldn't get the mortgage, now the problem arises, we were in the bank recently regarding ISA's, while there we were asked about PPI etc and told we would be able to reclaim the Mortgage protection, now we have a massive, possible insurmountable problem, the lady at the bank has made several calls in our presence and actually got NOWHERE she kept getting passed on, mostly to offshore call centres, she advised us to write in to C and G also the archive dept,we did this and were ignored, we even got the claim letter we put together sent in the banks own internal mail.
Finally after much toing and froing we got a final reply saying that due to it being so long ago they can't find any records.
Honestly now, we sold the property in 1997 it was an ex council property so we had to have had it more than 3 years, but honestly we can't remember, but think it was 1993 or 94 when we took the mortgage out, we know we definitely had the protection as my husband was made redundant in 1996 he was able to claim dole money, but when he tried to claim against the policy we were told that because the word VOLUNTARY appeared in the small print of the redundancy package, it made any claim void.
The thing us due to this and him being unable to find work, we decided to sell up before we were re possessed, we then moved area and eventually after a further 3 years he managed to get work, we have in fact never recovered, and live yet again in a council property, my husband is now retired, I am in ill health and haven't been able to work since a failed hip operation last Easter.
The main problem we have is we long ago destroyed any paperwork, does anyone have any constructive advice, we just feel so bitter about it all. Thank you in advance anyone xx
The problem here is that if neither you nor the bank have any records you will struggle to get anywhere as there is no proof you paid it so a claim is unlikely to progress.
Did your husband take voluntary redundancy? If he did and that was against the terms of the PPI it wasn't miss-sold on that basisSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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It was enforced redundancy but to get round it all they included the word voluntary, BUT it was misold as we were told we wouldn't get the mortgage without it, thanks for your reply though, much appreciated xx0
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Hi,
I'm new to this so hope im in the right place.
I've just sent a claim PPI form to the RBS to see if I can claim back as I noticed a few weeks ago when sorting through loads of paperwork, back in 2007 i got a loan out for 5000 over 5 years, i noticed it said loan guard insurance 1600, now at the time, when i applied for the loan I did it online and I opt out for the insurance and also a man rang me from rbs to go over my application and again asked me about insurance but I said i didn't want it.
I put a copy of my loan agreement with the form when I sent it off, but it was about a week and half ago I sent it and no reply as it says they respond within 5 days.
I just wanted to know if you think I'm eligible for it or not and should I get in touch or wait a bit longer.
Thanx0 -
Chazza4386 wrote: »Hi,
I'm new to this so hope im in the right place.
I've just sent a claim PPI form to the RBS to see if I can claim back as I noticed a few weeks ago when sorting through loads of paperwork, back in 2007 i got a loan out for 5000 over 5 years, i noticed it said loan guard insurance 1600, now at the time, when i applied for the loan I did it online and I opt out for the insurance and also a man rang me from rbs to go over my application and again asked me about insurance but I said i didn't want it.
I put a copy of my loan agreement with the form when I sent it off, but it was about a week and half ago I sent it and no reply as it says they respond within 5 days.
I just wanted to know if you think I'm eligible for it or not and should I get in touch or wait a bit longer.
Thanx
you are entitled to complain. There is no eligibility. They consider your complaint and give their response.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
my husband was mis sold PPI by Scottish amicable, it is my understanding that they changed to the prudential around 2003, does this mean he can't pursue a claim?0
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