PPI Reclaiming discussion

tiggrae

Elsie2 wrote: »

Each payment will have differed, yes. But do I add 8% onto each month since or just whilst I had the card?Sorry, I don't really understand what you mean.For more info, its a credit card, so i've calculated I paid £561.41 over 2 years. They have offered me a round figure "taking into account interest" they say, of £600. I'm just checking that I am not due more than this before accepting their offer. This may sound greedy, but I always get suspicious when banks offer more than they need to.

Hi Elise,

go onto the reclaim bank charges section, there is a calculator on there - just enter the monthly premium and the date paid and it will work out the statutory interest for you.

tiggrae

suedai wrote: »

we had to sell our house last year, sorting out for the move resulted

with,throwing away/destroyed all past documentation from past loans/credit cards etc.

how do we find out account numbers from old accounts, i have found names and address of companies from creditfile search

thanks

write and ask for the information - give them you previous address and ask under the Data Protection Act 1984 for a Subject Access Data Requst (SADR)

tiggrae

andy5241 wrote: »

Can anyone tell me please? I have written a claim for mis-selling PPI from A & L but still have two years to pay on the loan, can I still cancel the PPI without affecting this claim or should I leave it running until A & L give me their verdict?

Thanks Andy

The A&L are at liberty to request you take out another loan if you cancel the PPI but the important point is that in doing so, under Financial Service Authority rules they should not financially disadvantage you (ie they must offer you a rate equal if not better than you're on)

tiggrae

stikiuk wrote: »

Hey guys im after some advice please, (Sorry this is so long winded)

My hubby and i bought a car through Direct Auto Financial, we kept the car for 3 years and had paid way more than half the loan amount. So we decided to end the agreement and give the car back, as we had paid more than half the amount we wern't required to pay any money to them.

Than we got a letter from them saying as they had put on PPI we still owed them £961.55 ! :mad:
They wouldn't let us take out the finance without the insurance. We were told it was not compulsory. Also as i have rheumatoid arthritis pre existing conditions were not covered. Plus my husband is and was at the time self employed which was also not covered by this policy. Surely this must have been missold to us. I have sent them the template letter from here and have had a reply saying they are looking into it and wil get back to us !
I have argued and argued with them and refused to pay it so they have now passed the debt onto Direct Legal.
I am having a nightmare with these bullies. After lots of letters and numerous phonecalls from them i have just spoken to a "team leader" there who was so horrid. I told her as this account is in dispute they can't get involved, she told me as the accounts in both names they can pursue us seperately. She reckons they had a phonecall with my hubby a couple of weeks ago and he agreed to pay £20pwk of this balance (which is a lie). as he hasnt paid it its now in arrears. they have just sent him a solicitors letter threataning to serve upon him a "statutory demand under section 268 (1) of the insolvency act 1986 . Also threatning to "take away goods from your property" :eek:


Basically what i want to know is can i claim it back of direct auto and therefore not have to pay them this £961.55.
Please help me, many thanks in advance all x
ps they have also put on my credit file that the payments are 6 and 7 months late :mad: which is affecting me greatly

Hi if you felt the PPI was compulsory then write (using the template letter) and tell them you were mis sold the whole policy - have you a copy of your terms and conditions when you originally took out the policy ?

tiggrae

enough.is.enough wrote: »

Hi Peter,

Thanks for that. But as i cannot go to the FOS what do i actually do next??

hi there, you need to write to them telling them you were a victim of Negligent Misrepresentation - please see my previous posts a day or two ago on what to put.

EileenWonder

Hi Guys

3 weeks agao I found this site and so glad I did.

I have since Contacted Barclaycard about the PPI over a loan and 2 credit card.
My hubby is a self employed Taxi Driver and we have paid thousands in PPI.
I sent my letter regarding a loan I took out with Masterlaon they wrote back telling me to F.... off.
I wrote back saying I didnt think they gave me a reason to satisfy myself that i was not missold the policy.
Got a reply quite a cheeky one too I may add;)

In the rely the lady said " After investigating your case thoroughly I do not believe your client was missold this policy".

Im thinking what client
Then she went on and said that I had a loan with mastercard previous to this one and " I refused the PPI" So that makes them right :rolleyes:
What a load of tosh and now im like a dog with a bone.....

I wrote back and said that she didnt investigate it that thoroughly when there is no client

I will keep you posted.

After saying all of that I received a cheque this morning from Alliance and Leceister for £287 for mortgage exit fees. Wow all I did was write to them and asked ho much I paid...:T

morphette

I bought a car in 2003 froma local garage. At the time of buying they gave me HP through a company called Close Motor Finance. Not until now have I noticed that there was PPI added totallying £2600 approx. I apid off the car loan in full in 2006. I wrote a letter to the finance company where I was paying the loand and PPI to, received a reply saying I needed to contact the car dealer as they sold me the policy. Letter therefore sent off to dealer who in turn today have replied that I now need to contact the actual small garage that sold me the car as they set uyp the finance agreement.
However what worries me is that the very last sentence of their response states
"however we must point out the policy sold was unregulated at the time of sale."

What does that mean?

Does it mean I have very little chance of getting the PPI money back?

Surely regardless of it being bought and PPI sold by the dealer agent, Close Motor finance are still the finance company that issues the HP loan and PPI as I was paying it to them not the garage.

Any help greatly appreciated as am at a sticking point on this one now.

Thanks in advance.

Willson

Hey googleman10....soo glad to hear someone else has a pre exsiting...no one else had said anything i was beginning to wonder if i was the only person who had a credit agreement and an illness!.

What i really want to know is whats the best next step??...i have penned standard 2nd stage letter, but im wondering whether i should call them and ask what they require re; medical condition...im just not sure...

I know i should carry on, but i am thinking i might not...then that makes my blood boil as that is there aim....one less reclaim!!!

paddy1234

asherand wrote: »

i have tried to reclaim nearly 2000 from yes car credit/direct auto finance only to find that because they were not a menber of the fsa when i first took out my loan that they dont have to comply with any rules this was also backed up by the financial onbudsman!! does any one have the same problem or any other advice

Hi,
I am just getting ready to send my letter to yes car credit/direct auti finance when I saw the above quote. I am getting confused with all of this and was wondering if anyone can help.
Does the above mean its not worth me sending my letter? How can I find out it they were a member of the fsa when I took out my loan?
Thank you for any advice given

gt568

paddy1234 wrote: »

Hi,
I am just getting ready to send my letter to yes car credit/direct auti finance when I saw the above quote. I am getting confused with all of this and was wondering if anyone can help.
Does the above mean its not worth me sending my letter? How can I find out it they were a member of the fsa when I took out my loan?
Thank you for any advice given

It doesn't matter if they were a member of the FSA or not. If they weren't then you threaten to claim through the courts.