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PPI FAQs discussion thread
Comments
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Hi, I'm trying to claim PPI from loans, credit cards, etc from 1984-2002 but I had that many I can't remember lenders!!!! How do I find out??? Credit file only holds info for last seven years??? Also I know I had PPI with DFDS on a sofa but I did actually claim on that, can I still claim on that because I was still missold it as I got full sickness pay from work and didn't really need it?? Thanks
Debbie
Only your memory and your own file keeping can go back further.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 -
Also I know I had PPI with DFDS on a sofa but I did actually claim on that, can I still claim on that because I was still missold it as I got full sickness pay from work and didn't really need it??
If it was sold prior to 2005 they weren't regulated. If it was sold after that, they will take any refund out of your successful claim first.Non me fac calcitrare tuum culi0 -
Is there a guide anywhere on how to claim back tax on PPI interest? Or is it best to ring HMRC and give them the details over the phone? Does anyone have any experience of this please?0
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sparky0138 wrote: »Is there a guide anywhere on how to claim back tax on PPI interest?
Regardless, any tax refund can only come from HMRC and so you'll simply have to get in touch with them if you are a non taxpayer. There is no guide, just inform HMRC that you require a refund giving the reasons why.0 -
Moneyineptitude wrote: »Have you actually paid this? Most Banks don't deduct the tax from the redress and it's then up to the customer to pay HMRC.
Regardless, any tax refund can only come from HMRC and so you'll simply have to get in touch with them if you are a non taxpayer. There is no guide, just inform HMRC that you require a refund giving the reasons why.
Okay, thanks. And yes, the tax was automatically deducted. It was Lloyds.0 -
Hi, My husband and I are in a debt management plan paying off various credit cards. I am in the process of making claims on them. If I get money back I am fine with the money going straight to paying off what I owe but does that mean I have to find money out of my current income to pay the tax due on it ( for companies that don't take care of the tax deductions for you)or can I get the part of the refund back that I need to pay the tax and the remainder go towards the debt.
As I am still paying off the debt could a refund negatively affect the fact that the creditors I owe money to are currently not charging me interest>?. I wouldn't want to pursue a small claim only to end up with them cancelling their 0% interest waiver on the balance outstanding.
My final question is that some of the credit cards I owe are still with the original companies or their own debt recovery people but some like Egg have been bought out by other companies. I presume I would approach the new company buying out the old one for my claim in this scenario, is that correct?. Also there are a couple which have sold the debt on to another company, would I approach the original lender in this case or the new company that they have sold on to?. I'd be grateful for any advice anyone could give. Thanks0 -
Coplain tot whoever sold the PPI to you, or to whoever owns it now.
In the case of Egg, you will probably have to complin to both.
You should get the interest portion back with the net being used to pay off any defaults - that's if they do use it, that's by no means certain.Non me fac calcitrare tuum culi0 -
We have recently tried to claim PPi back on a loan we took out in 2000. With First Plus. I wrote to them and they said the loan was taken out with a company called Freedom Finance?(we have lost all correspondence apart from original application which has no company name at all on it) When we sold our house the solicitor paid the whole loan back to First Plus( I have a solicitor letter stating this) i advised them of this and they wrote back stating the loan was not with them and as such cannot take this any further.
I then wrote to the Financial Ombudsman and sent all the letters and proof I had in connection with the loan. Today they have telephoned me saying that at the time of the loan both companies mentioned were not unregulated? and as such we cannot make a claim. However they did tell me that both companies trade under the name of Wave Finance now and maybe to contact them to see if they have any paperwork in regard to our loan? I have googled the name and nothing comes up? its so frustrating being passed from pillar to post I dont know where to go from here now. Can any advise??0 -
I then wrote to the Financial Ombudsman and sent all the letters and proof I had in connection with the loan.
That just delayed things. First plus were the provider but they didnt sell it to you. The seller has liability for the complaint. Not the lender.Today they have telephoned me saying that at the time of the loan both companies mentioned were not unregulated?
Not sure what the question is there but that sounds right for a 2000 loan. Regulation didnt start until January 2005 and most brokers were not regulated prior to that date.its so frustrating being passed from pillar to post I dont know where to go from here now. Can any advise??
Typically, this is when you give up. You could try the insurer. A really tiny tiny number of cases could see the insurer take liability (we are talking in single digit odds). However, the lender is not who you should complain to and if the broker was not regulated as the FOS says then its game over.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 -
Hi,
I closed my account with Lloyd's a while ago but had several loans with them. Wrote asking for the paperwork and heard back saying they would send me a copy of my agreements separately. That was a while back in Jan but still not heard. Any tips as to what to do next? It was obviously a generic letter to delay!
Thanks0
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