PPI FAQs discussion thread

dunstonh

maggyp wrote: »

I have made a claim with Barclays for PPI which they are not upholding as they can find no evidence that I was mis sold it,and this is their final response ,has anyone come across this and is it worth going to the FOS my claim was for PPi on loans,overdraft and mortgage.
Thanks

Evidence is important. Otherwise anyone could just give fake reasons and get their money back. Verbal allegations of wrong doing will fail if there is no evidence to support it. So, if you say you didnt know you had it or you were not told about it then if the evidence doesnt support that then it will fail. However, if the complaint contains reasons which are provable or a matter of fact then they will succeed.

The loan PPI is fairly easy to succeed on as most are single premium, front loaded and added to loan and charged interest on.

Mortgage PPI is the hardest as most people have a need for it and most are set up correctly on monthly premium. Credit card PPi falls in between and can often rely on a technical failing if a factual/provable reason doesnt exist (i.e. tick to opt out of having it is not liked by the FOS).

What were your complaint reasons and what evidence do you have to support them?

The FOS is not a consumer champion. It is independent and takes a balanced look at your evidence and the firms evidence and makes a decision from there.

Josie64

chrissy100 wrote: »

I replied on the above post about GE Money.

I have just been told today from a PPI miss-sell company, that as GE Money were not registered until 2006, (I took the loan out in 2004) they wouldn't be able to do a claim for me. Is this correct?

Hi, I know for a fact that GE money are lying, I know because we took out a mortgage with them in 2003 and then re-mortgaged in 2005, we are in the middle of a dispute with them as we speak because GE money charged us the full mortgage exit fee using the second date in 2005 and not 2003.

Josie64

chrissy100 wrote: »

I replied on the above post about GE Money.

I have just been told today from a PPI miss-sell company, that as GE Money were not registered until 2006, (I took the loan out in 2004) they wouldn't be able to do a claim for me. Is this correct?

mmm, so if GE Money were not registered until 2006, then does that mean that they were trading illegally when they did our mortgage in 2003 and again in 2005?? we still have all the paperwork.

normalpeopleworryme

Got my PPI ready to go - I send the claim to the car dealership who sold me the PPI along with the hire-purchase...

BUT

the are dealership was bought by another dealership after my loan. The orginal still has a listing in companies house, but is dormant.

So, do I write to the original address (which may not be anything to do with the dealership any longer), the address listed on comapny house, or the dealership that bought the original company??

OR save this and write directly to the insurers?

jahsmithy

Can the cost of PPI be hidden in the monthy repayments, even though you indicated you didn't want it at the time of taking out the loan, credit card, etc? Paying for it, when you have specifically said "no" at the start?

dunstonh

Can the cost of PPI be hidden in the monthy repayments, even though you indicated you didn't want it at the time of taking out the loan, credit card, etc? Paying for it, when you have specifically said "no" at the start?

PPI cannot be hidden. It will be on the application, agreement and statements.

atilly6

My husband and I have a secured loan with our bank and had ppi with it. It was described by someone else as a golden handshake as if we didnt claim in 5 or 7 years then we got £7000 back.
we did claim this back but are still paying the loan and wondered about interest etc and is there anyway we can claim anything.
We were sold the loan with the assumption that no ppi no loan!

would appreciate any help with this thanks

territerri_2

the only time i can recall having finace is when i took out car insurance through monthly premiums, am i able to claim?, i can remember very cleary not being able to take off the ppi option

fozzy1977

I have always been employed where I will receive full pay for 6 months and half pay for three months if I were to become sick with very little chance of me being made redundant therefore on loans, credit cards and a mortgage I have never asked for PPI or as far as I am aware ever paid it. I contacted my bank some time ago for details of a loan I took out some years ago and they said I had never paid PPI on the loan. I was then contacted by a PPI company asking all my details and when I said there was no point in claiming as I had never paid PPI on my loans and credit cards, they replied saying that although I hadnt asked for it or it was not 'obvious' in the repayments that I was paying it, there was a chance that what I thought was interest could actually be an element of PPI included????? Is this right???? I am really confused as all the advice I can find only seems to point to those who were aware they were paying PPI but are now claiming it was missold. Help anyone:mad:

dunstonh

they replied saying that although I hadnt asked for it or it was not 'obvious' in the repayments that I was paying it, there was a chance that what I thought was interest could actually be an element of PPI included????? Is this right????

No. Its a frequent lie the dodgy claims companies sales reps give (who are paid to get people to sign up to their service).