PPI Success letter - how much get back?

darang

yeah, when spoke to BOS they have sent the cheques out already......so its off to war with the ex........ :-) She is due something as we were together for about a year on the joint loan...so will need to negotiate!! Cheers guys!

darang

Word of warning to any folks who took out a joint loan with PPI and subsequently divorced. If YOU then took on the loan alone as part of any divorce agreement and paid the majority of it (in my case 90%) of it, get it legally signed on any claim form that you will be due the majority percentage of the redress paid out. Or else bank will split redress 50/50. Legal advice to date is that I have no recourse on the bank and will have to sue my ex to get what is rightfully mine but no guarantee I'd get it. It's documented in a minute of agreement on divorce papers, but if she cashes the cheque and blows it.........Also, the bank sent a letter dated 12th July with an offer of payment and gave 28 days in which to respond if not happy with any element of the offer. The letter arrived 16th July. On 17th July I called to say that they shouldn't be splitting it 50/50 and they said we need your ex wife to send a letter to that effect. They then said they had already sent cheques out and sure enough when I got home, cheque had arrived. No time for me to address anything, surely they should have waited for a response from me to say yes or no regards offer??

dunstonh

darang wrote: »

Word of warning to any folks who took out a joint loan with PPI and subsequently divorced. If YOU then took on the loan alone as part of any divorce agreement and paid the majority of it (in my case 90%) of it, get it legally signed on any claim form that you will be due the majority percentage of the redress paid out. Or else bank will split redress 50/50. Legal advice to date is that I have no recourse on the bank and will have to sue my ex to get what is rightfully mine but no guarantee I'd get it. It's documented in a minute of agreement on divorce papers, but if she cashes the cheque and blows it.........Also, the bank sent a letter dated 12th July with an offer of payment and gave 28 days in which to respond if not happy with any element of the offer. The letter arrived 16th July. On 17th July I called to say that they shouldn't be splitting it 50/50 and they said we need your ex wife to send a letter to that effect. They then said they had already sent cheques out and sure enough when I got home, cheque had arrived. No time for me to address anything, surely they should have waited for a response from me to say yes or no regards offer??

The default position is that she is entitled to 50% unless both parties agree otherwise. She doesnt appear to agree with you.

jamesd

Whether she agrees now or not surely doesn't matter when it is specifically covered by part of the divorce settlement? Seems that she'll simply lose in court for breaching the divorce terms.