PPI Reclaiming discussion

COOKIEWILLOW

m.colak wrote: »

Stick to your guns as most banks and companies rely on people not claiming it back or exhausting them to the point they give up. What i would suggest is you send the second letter stating again your position. The company has to either cancel the PPI policy if you have written to them or a least aknowledge the fact that you wish too. If they refuse and say its a condition of the credit card then you have a clear aknowledgement of mis selling the card to you as this wasn't made clear to you previously. The fact the policy was sold to you previous to 2005 has no clear issue's except that you can't go down the FOS route (to tell you the truth it is a long process either way). You're next option is to start working out how much you should receive back adding the percentage for interest and getting ready to take it through MCOL. This unfortunately is the only way the companies know that you are going to fight them.

Thanks for replying m.colak, will send second letter and wait and see. fingers crossed

gt568

katiekittykat wrote: »

Been fobbed off by natwest again!!!!

Keep getting a letter saying they need more time and to give them 2 weeks, when the 2 weeks is up i get the same again - getting really annoying now!

Although I don't know your exact circumstances, this is exactely what happened to me.

When did you take out the loan? Mine was in 2001, so I threatened court action, and they paid up the full amount. I had however allowed the full 8 weeks to lapse and then I sent the letter in post number 1389.

katiekittykat

I took the loan out in 2006.

katiekittykat

m.colak wrote: »

You have too choices here.

1. Go to the FOS and say that you aren't happy with the delaying tactics being carried out by the bank.
2. Send a letter to the bank saying that they have exhausted your patience and you belive they have had more than adequate time to investigate, to that end if you don't receive a satisfactory response in 14 days you will be taking court action. The fill out a N1 form and send them a copy to show that you are prepared to play hard ball.

Thanks very much for your reply. is there a template letter for 2?


xxx

m.colak

katiekittykat wrote: »

Thanks very much for your reply. is there a template letter for 2?


xxx

No unfortunately but what i advise you remain polite what i would suggest is something along the lines of:

ref your letter dated .....

I find most unfortunate that you are unable to investigate my complaint within the set time laid down by the financial ombundsman. I have decided to allow you a further 14 days to process my complaint and reply with a satifactory decision. I have included a copy of the N1 small claims form i will be submitting, reference this claim, if this complaint is not fully satified as of the (date + 14 days).

I hope that this clairify's my position in this matter.


Your fathfully ......

I hope this helps although you could add reference's to your original letter but the main gist of it should be that you are giving notice of court action.

katiekittykat

Thanks very much for that.

Sorry to ask but where do I get the n1 from? (sorry never got as far as threatening court before!)

xxxx

m.colak

jen1972 wrote: »

thanks for that, i've sat and filled out my forms for court this afternoon and from tiggraes advise will send a copy to Black horse tomorrow with a "do you really want me to take you to court" cover note i'll give them 7 days then i file with the courts...i reclaimed £2383 bank charges from Lloyds last year and they were a tough cookie to crack so won't be giving up just yet (at all). good luck with baby i've got 4 kids who could really benefit from mum having this cash come home!!!!

Thank you am flued up and DW is desperately trying to clean house while i lie dying here only joking a trying to recover as fast as possible. I took Black horse to court and they have offered to pay out to me. You should be getting a letter from SECHIARI, CLARK & MITCHELL there solicitors in settlement of the case. Good luck.

m.colak

katiekittykat wrote: »

Thanks very much for that.

Sorry to ask but where do I get the n1 from? (sorry never got as far as threatening court before!)

xxxx

http://www.hmcourts-service.gov.uk/cms/files/n1cpc_webonly_0406.pdf

hope this helps.

gt568

katiekittykat wrote: »

Thanks very much for your reply. is there a template letter for 2?


xxx

Adapt the letter in post number 1389.

frenchie82150

My husband recently tried to claim PPI back from MBNA on the basis that he is self employed. Got a very patronising letter back which said that as he had opted for it it was his mistake not theirs. At the time the telephone agent suggested it was a good idea to take it and it wasn't until I queried it some years later that he looked into it. According to MBNA the self-employed are covered but in the small print it is only if you cease trading. As my husband works on 2-3 month fixed term contracts in the film industry he needed something that offered cover during any long periods of unemployment. There is no way he would ever have to wind up the company unless he retires. Husband is not that savvy about finance so he asked me to talk to the PPI company who were absolutely adamant that he was covered. He paid thousands into it but would not be able to claim unless he actually went out of business and it seems now he is not eligible for any refund. MBNA finished the letter by suggesting that we were only trying to claim money as we must have 'financial problems'!