PPI Reclaiming Discussion Part 5

Insider101

Scottellis wrote: »

Thank for the reply.

I am unable to find any info on Loans Direct loans through Lloyds and I do not understand why Lloyds have no info on these loans when I took all of them out direct in a Lloyds branch or on the Lloyds website.

It appears I am stuck at the first hurdle!

Can anyone tell me if a PPI reclaim company would have a better chance of finding out if I had PPI on any of my loans?

thank you

This is odd. Generally broker involvement means that the loan was taken through the broker.

The last question is (I am afraid) a bit of a silly one. The bank have told you they have no records of the loans. They are not going to magically appear if you go to a CMC. The reason will be that they will have destroyed the records, which they are legally obliged to do if they did not believe they would have any further use for them.

dunstonh

Can anyone tell me if a PPI reclaim company would have a better chance of finding out if I had PPI on any of my loans?

No. They would get the same reply as you.

Have you changed address during that period? Have you changed name?

If you took them out direct then there was no staff involvement. So, what would your mis-sale reason be?

Gweekers

Not replying just asking. I know I had ppi on a loan a few years ago which I was told was a condition of the loan. However when I've looked I found the company, called Hamilton Direct had been bought out by HSBC. When I contacted HSBC T
They said they have no record of the loan. Is there anything I can do?

Nasqueron

Gweekers wrote: »

Not replying just asking. I know I had ppi on a loan a few years ago which I was told was a condition of the loan. However when I've looked I found the company, called Hamilton Direct had been bought out by HSBC. When I contacted HSBC T
They said they have no record of the loan. Is there anything I can do?

Unless you have records then no. If it was paid off more than 6 years ago and/or before HSBC bought them then HSBC won't have copies of the records as the account would have been closed.

Look on the credit reference agencies like Noddle (free) or Experian/Equifax (free trial or £2 statutory report) and anything in the last 6 years would be on there - you might get some details though it won't show if you paid PPI or anything but it's a start.

Terri_12

New to this and wondered if anyone else has experienced the same. I'll try to keep it short, but to the point.

I've been going through Financial Ombudsman in a ppi claim against Tesco Personal Finance. The loan was originally taken out in joint names, although I can and have proved ALL payments were made by me and my now ex didn't pay a penny. Tesco put my Ex as the first named (as he esrned more than me) and put the ppi on the loan (I was part time working, he was self employed). The £23k loan was subsequently added to my mortgage (I'm still paying).

FOS are now saying (after agreeing I had a case back in March 2015) that I have to find my ex (parted in 2009) to get his permission to make my claim valid.

I don't know where he is and don't understand why he should have any claim to something he only put his signature to and never paid one penny? I dealt with the original set up of the loan over the telephone.

Any advice would be great please. Thanks

dunstonh

I don't know where he is and don't understand why he should have any claim to something he only put his signature to and never paid one penny? I dealt with the original set up of the loan over the telephone.

That is not the case. You have verified that he was on the loan. So, he has to be party to the complaint. Also, if the complaint is successful, then any redress will be split 50/50 too.

Nasqueron

Terri_12 wrote: »

New to this and wondered if anyone else has experienced the same. I'll try to keep it short, but to the point.

I've been going through Financial Ombudsman in a ppi claim against Tesco Personal Finance. The loan was originally taken out in joint names, although I can and have proved ALL payments were made by me and my now ex didn't pay a penny. Tesco put my Ex as the first named (as he esrned more than me) and put the ppi on the loan (I was part time working, he was self employed). The £23k loan was subsequently added to my mortgage (I'm still paying).

FOS are now saying (after agreeing I had a case back in March 2015) that I have to find my ex (parted in 2009) to get his permission to make my claim valid.

I don't know where he is and don't understand why he should have any claim to something he only put his signature to and never paid one penny? I dealt with the original set up of the loan over the telephone.

Any advice would be great please. Thanks

For yourself: Facebook is always a good start if you have his name, parents name etc

If you think you have a good case and a substantial payout is likely then you could employ a detective agency to find him

Terri_12

Would they still pay out only 50% if I don't want to find him. They don't seem to take into account if the relationship included mental or physical violence and the claimant has plausible grounds not to want to find the secondary signature.

Nasqueron

Terri_12 wrote: »

Would they still pay out only 50% if I don't want to find him. They don't seem to take into account if the relationship included mental or physical violence and the claimant has plausible grounds not to want to find the secondary signature.

Unfortunately the way these things work is that a joint account is 50/50 regardless of circumstances. It would be possible for someone to invent a reason like an abusive relationship to try and get around the joint requirement for nefarious purposes (not saying you are, just explaining the bank's point of view) - it would be like raiding a joint savings account and asking the bank to take your word for it. I guess you could do it through a neutral third party to pass on the details to the ex

Sinclair58

I have tried to claim PPI back in Ireland but have been told by the Irish Ombudsman that they can only go back 6 years and the Irish mortgage loan when I was unknowingly sold PPI by AIB was taken out in 2007. One of my arguments was that I would have been unable to claim when I live in the UK, and did then. If I could have claimed Irish PPI living in the UK can I then claim here for the mis-selling.

Thanks
Iris