PPi from a 20yr old loan

toonarmy263

Hi,
Like many of us, we get bombarded by companies claiming they can get back thousands in miss-sold PPI.
However, i was contacted via by C******r Money M*****s
(K*y F*******l C***ms), saying i had a great case to claw back over £1500 on £3500 loan back in 1990. Of course, my interest arose, as many PPI creclaiming companies only go back 10 years.
But here's the best part.
They wanted 33.49% in payment on a successful case. Obviously a no win, no fee policy too.
So, £600 of my PPI would go as payment.
This did grieve me a little, to pay out 1/3.

So i looked into your DIY ppi reclaim.
I applied to my branch (Lloyds TSB) via your templated letters. (A great help may i add)
3 weeks later, i received a letter from them, stating they didnt manage this type of thing, and asked for loan agreement numbers on a bank account im still using regular today.
Of course, no one keeps 20yr old documents.
So im stuck in a rock and a hard place.

Firstly:- I could gain £900 with the PPI reclaim company.

Secondly:- Do i fill out the LLoyds TSB PPI reclaim form, which is very similar to your template letter claim form, and just hope for the best.

Thirdly:- Fill in your template PPI form, and send it off.

But....
A few things i was told, by the PPI company.
I was told i can only claim once, so if, my reclaim application failed, thats it, no second chance.
Its difficult to reclaim on a 20 year old loan, due to no loan agreement numbers.
LLoyds TSB was one, if not the only bank to stop paying reclaim PPI funds to its customers, but was forced by the ombusman to continue, so they will try not to payout, if they can, by stalling, and requesting information, you may not have.
And finally, the PPI reclaim company was only 1 of a very few companies going back more than 10 years, to reclaim PPI.
However, they did say constantly, that they where regulated by the ministry of justice.....
Any help would be appreciated.

So, if possbile, a little guidance, would be great....

dunstonh

Firstly:- I could gain £900 with the PPI reclaim company.

No. you only lose with a claims company. The figure they entice you with is a made up figure. It has no basis of reality.

Secondly:- Do i fill out the LLoyds TSB PPI reclaim form, which is very similar to your template letter claim form, and just hope for the best.

the obvious option.

Thirdly:- Fill in your template PPI form, and send it off.

Go with the provider form or the FOS form. No others.

I was told i can only claim once, so if, my reclaim application failed, thats it, no second chance.

correct

Its difficult to reclaim on a 20 year old loan, due to no loan agreement numbers.

more due to documentation being destroyed over time.

LLoyds TSB was one, if not the only bank to stop paying reclaim PPI funds to its customers, but was forced by the ombusman to continue, so they will try not to payout, if they can, by stalling, and requesting information, you may not have.

No truth in it

And finally, the PPI reclaim company was only 1 of a very few companies going back more than 10 years, to reclaim PPI.

Some will cherry pick the easy stuff but there is no truth in that either.

However, they did say constantly, that they where regulated by the ministry of justice.....

so could you be in about 2 weeks if you applied for it. It requires no qualifications, skills, knowledge etc.

roonaldo

sorry i never understand why people go about sending the FOS forms or other questionnaires. You can log a complaint to the firm on the telephone or just send a complaint letter if thats easier.

the fos form is only essential when referring it to fos.