PPI Reclaiming discussion

sand-dancer_3

Swift Advances - anyone trying to reclaim from these? I wrote to them regarding the high settlement figure I paid them last year for a secured loan I had with them. Ive received a 2nd letter from them who are offering me £130 as ' having reviewed the fees applied to your account in detail, I can see that we have misapplied a number of items and therefore these should be refunded to you'. A cheque is to be issued to me 'shortly'.
I am still pursuing my PPI claim from the above loan but it may be an idea to check thoroughly the final breakdowns they are given and ask for 'baby English' explanations to anything they dont understand.
Im also waiting to hear from Welcome Finance re: my PPI claim from them too. (dont I choose lovely Lenders!!!)!
Good Luck to everyone claiming their monies back from wherever! xx

Brad57

Took out a loan with Liverpool Victoria in Feb 2003 £10,000 over 6 years. Applied on internet. When paperwork came it included the PPI so I thought it was compulsory. On looking at the details it could be cancelled within 30 days of start date. Have often wanted to cancel it but thought there was no get out. Can I now cancel it? and is there any chance of getting any more refunded? It appears to have been a single premium payment. Any help apprecaiated.

jen1972_2

m.colak wrote: »

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.

WOW thanks for that boost ..i dealt with SC&mitchell when claiming my bank charges back so looking positive. A wish for you that you baby be no bigger than 7LB LOL..cheers a lot

tiggrae

jen1972 wrote: »

hi there glad to see you online been sitting here trying to work out what to put on my N1 form with effect to the misrepresentation act 1967 we were told ppi was compulsory to get loans so would this be the right road to go down ..thanks for any advise

Hi there Jen, yes its the 1967 Act - it's only 3 pages long and there are only 3 types of Negligence - Fraudulent, Negligent and Innocent - it's the Negligent part you want - you also need to put in about good faith and the fact the defendant induced you as 'a reasonable person' to purchase the policy and they were in the position to know the truth (ie that the policy was not compulsory).

Good Luck

gt568

Brad57 wrote: »

Took out a loan with Liverpool Victoria in Feb 2003 £10,000 over 6 years. Applied on internet. When paperwork came it included the PPI so I thought it was compulsory. On looking at the details it could be cancelled within 30 days of start date. Have often wanted to cancel it but thought there was no get out. Can I now cancel it? and is there any chance of getting any more refunded? It appears to have been a single premium payment. Any help apprecaiated.

Have you read the PPI reclaiming article? It explains a lot of things there.

Send the first template letter and get the ball rolling.

tiggrae

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

Hi there are two ways of making a claim through the County Court - MCOL which is Money Claim on Line - this is the County Court's automated service or filling in the N1 which you can download from HMCS Her Majesties Court Service - good luck

tiggrae

frenchie82150 wrote: »

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'!

Write and tell them you believe the term regarding self employed is Unfair under the Unfair Consumer Contract Terms Regulations 1999 and that it is prejudiced against self employed people - ie that they pay the same as an employed person but are only covered for full incapacity (ie ceased to trade) and not for short term accident and sickness

tiggrae

tiggrae wrote: »

Hi there Jen, yes its the 1967 Act - it's only 3 pages long and there are only 3 types of Negligence - Fraudulent, Negligent and Innocent - it's the Negligent part you want - you also need to put in about good faith and the fact the defendant induced you as 'a reasonable person' to purchase the policy and they were in the position to know the truth (ie that the policy was not compulsory).

Good Luck

sorry that should have read 3 types of Misrepresentation not negligence !!!

jen1972_2

tiggrae wrote: »

Hi there Jen, yes its the 1967 Act - it's only 3 pages long and there are only 3 types of Negligence - Fraudulent, Negligent and Innocent - it's the Negligent part you want - you also need to put in about good faith and the fact the defendant induced you as 'a reasonable person' to purchase the policy and they were in the position to know the truth (ie that the policy was not compulsory).

Good Luck[/quote
Thanks for that, i have filled in N1 forms today also spoke to my local court because last time when i went through moneyclaim online it cost me £120 i know i got this back from lloyds but the girl at courts told me to fill in an EX160A which as i recieve tax credits (like most people do) i can take them to court for free..so will keep you post and prob craze you in the process for advise but glad of people like you on here this time as there wasn't anyone with inside knowledge about on the reclaiming bank charges forum thanx again

Skinty_2

Help!!!
Just got my first letter back from WELCOME finance basicaly saying that I signed the forms disclaimer saying i know that ppi is optional! But surly My letter saying that it's the fact they added the "cash price" of ppi to the loan making my £5000 loan a £7500 loan.
Also it said about FOS rule DISP 3.3.1(3)R My case has no grounds of success.
What's my plan of attack?