Advice on First Plus PPI Claim Please

beverley551

Hi

I am a newbie to the forum but was hoping for advice on First Plus?

We took a loan out in 2003 secured against the house we had and basically was sold PPI without any other options , the loan was for:
£25000 Loan
£6112.50 PPI

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£311122.50

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over 240 mths monthly int rate 0.716% monthly payment £271.90 loan repayments started 1.5.03.

we then unfortunately got into difficulty and the house was sold at auction and after the mortgage was paid FirstPLus recieved £28621.29 partial settlement and we had £2931.82 left to pay to which they added £3268.98 interest and £150 fee. we made arrangement to pay off each month, last year thought we paid it off to find they had defferred more interest. Complained to Financial Ombudsman who have since made a decision we have no case so we have to pay another £1800 to Firstplus.

When we took the loan out we wasnt given any advice other than it was needed to cover if one of us was ill! Looking at my documents the PPI would only have covered us for 60 months anyway so do we have a valid claim for PPI even though we did get into arrears and then they recieved a partial settlement and we had to finish off paying what was left and still are because of this deferred interest ?

This is my first attempt at PPI claims so not sure what to expect from first plus especially since we complained about them but I have followed Martins advice and used the templates also what are they supposed to pay back if anyone is successful?

Thanks In advance for any advice

amersall

You need to find out if it was FP that sold you this loan and ppi, due to the year they may have used a broker and if they did you may not recourse from these for mis sell of ppi, find out who the loan was from and we will take it from there.

beverley551

Hi

thankyou so much for your reply , Ive just gone through my paperwork and I have a booklet about the ppi cover whic is first plus and a a summary of cover which says firstplus. No where does it say on these two documents that it is governed by another company. My letter went recorded delivery so Im sure first plus will be back in touch if its not them.

Ive marked the 8 wk timescale on my calender so fingers crossed , cant believe the success people on the forum are having its a glimmer of hope for everyone :j

amersall

Posted on the other thread for you, good luck and let me know what they say.

beverley551

Hi

quick update on our claim , sent my claim off recorded delivery 16th march have now recieved 1st correspondence from first plus acknowledging our letter stating they are sorry to we have had to contact them re our ppi. They have stated they will reply to our complaint no later than 16th may 2012 so we will have to sit back and wait now. On a positive note at least they have responded swiftly as reading some posts I see people are having trouble with responses.

Will keep you updated

Bev

beverley551

:j:j :money: :j:j

Oh guys you are the Best Thankyou Thankyou Thankyou

Recieved 2nd letter back from First Plus today and my claim has been upheld

For the price of recorded delivery £1.52 to send the claim off we will be recieving back wait for it........

:T £9847.98 - £980.30 loan still owing leaves us £8867.68 :T

I am waiting to hear on a claim with Endeavour Finance and my bank the halifax have sent a letter saying they will be in touch about my credit card but recieved a letter from them today from (HBOS) with a copy of my original letter for the credit card and loans saying I need to send in a SAR's plus £10.00 fee - think a trip into the bank is needed here to sort the confusion.

I cannot Thank you guys enough for all your advice and Help and to anyone thinking of claiming Do It but Please Please do not go through a claims company its just not worth it for them to take their cut

The money we get back will go straight on paying other loans off leaving us debt free

HAPPY is not the word today :rotfl:

nutty_nat

:j:beer::j:beer::j

Yippee another win against Firstplus!!!!!!!!!!!

That's just what we like to see

beverley551

:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j

So So Happy gonna keep just a little bit to treat the kids

But the credit goes to you guys and all your advice :money:

And Im not leaving the site just because we have won Im here forever to help others along Xx

nutty_nat

:beer::j:beer::j:beer::j

Good news we love new friends on here xx

It is such a lovely feeling when you get the letter and you find out the money is all yours again. I love this site and try and help Firstplus people out where i can but I am no way an expert like Amersall. Without Amersall and Di I would never have got my money back, they really are two wonderfull ladies and deserve some sort of award :A:A:A.

amersall

nutty_nat wrote: »

:beer::j:beer::j:beer::j

Good news we love new friends on here xx

It is such a lovely feeling when you get the letter and you find out the money is all yours again. I love this site and try and help Firstplus people out where i can but I am no way an expert like Amersall. Without Amersall and Di I would never have got my money back, they really are two wonderfull ladies and deserve some sort of award :A:A:A.

:o:o AWWW you are so kind :A

But dead right :rotfl::rotfl::rotfl::rotfl::rotfl:

amersall

:j:j:j:j:j:jAnother one bites the dust :T:T:T:T:T:T:T:T
Congrats :cool::cool::cool: