PPI Reclaiming discussion

juliedawn_2

Stillsmiling wrote: »

No. They haven't asked you to pay have they?

No but I was wondering after all they are stealing our money anyway LOL.
They'd charge you for anything.

yelrampfishing

Hi All,
received a letter today offering refund of all premiums of PPI for Halifax credit card.:j

Only problem is they want to credit it to my account. What's the procedure for getting a cheque instead? Am I legally entitled to receive the money as a cheque or do I have to accept it being credited to the account?

Very happy, not seen any successes with Halifax on the posts I've read (I stand corrected if anyone knows otherwise).

Anyone else claiming from Halifax, hang on in there. Mine was easy compared to some stories I've read here. Don't give up!!

I'll post the full story on "successes & failures" board soon.

louietudor

m.colak wrote: »

first of all the information commisioner shouldn't just slope shoulders and say take it up with the fos as that is what he is there for. I would get in contact with them again and ask them to approach the company as your case is dependant to retrieving the information and the company know this and that is why they are withholding it. DOn't use the new term and conditions if youe think/know that the old ones couldn't or wouldn't protect you in your case.

hi again - my cliam with lloyds has already been reffered to the ombudsmen but i think ill give capital one one last chanve so ive prepared this letter - do you think its ok??

quote

[FONT=&quot]Dear Ms Renshaw,[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Re: Account number: [/FONT]

[FONT=&quot] [/FONT]

[FONT=&quot]I am writing again with regards to the insurance sold with my credit card. Yourreference is xx Yourprevious reference was xx [/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Whilst I appreciate you have given your final response you have failed to provide me with information I have requested[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]I have not received the date you sent the explanation of cover by letter nor even a copy of the said letter. You have provided a terms and conditions leaflet but this is not the one I should have been issued with at the time the card was opened. Please provide the terms and conditions leaflet that applied in 2001 when the account was opened[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]I also requested you give me a full list of differences between an employed and self employed persons cover at the time the account was opened but again you have chosen not to supply this[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]I believe I am entitled to the information requested and should you not supply it I will refer the matter to the Information Commission, and will also note your refusal to the court or the Financial Ombudsman who I am sure will not take kindly to you wasting their time[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Please can you provide the above information within 14 days [/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Yours faithfully,[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot] [/FONT]

m.colak

louietudor wrote: »

hi again - my cliam with lloyds has already been reffered to the ombudsmen but i think ill give capital one one last chanve so ive prepared this letter - do you think its ok??

quote

[FONT=&quot]Dear Ms Renshaw,[/FONT]

[FONT=&quot]Re: Account number: [/FONT]

[FONT=&quot]I am writing again with regards to the insurance sold with my credit card.Yourreference is xx Yourprevious reference was xx [/FONT]

[FONT=&quot]Whilst I appreciate you have given your final response you have failed to provide me with information I have requested[/FONT]

[FONT=&quot]I have not received the date you sent the explanation of cover by letter nor even a copy of the said letter. You have provided a terms and conditions leaflet but this is not the one I should have been issued with at the time the card was opened. Please provide the terms and conditions leaflet that applied in 2001 when the account was opened[/FONT]

[FONT=&quot]I also requested you give me a full list of differences between an employed and self employed persons cover at the time the account was opened but again you have chosen not to supply this[/FONT]

[FONT=&quot]I believe I am entitled to the information requested and should you not supply it I will refer the matter to the Information Commission, and will also note your refusal to the court or the Financial Ombudsman who I am sure will not take kindly to you wasting their time[/FONT]

[FONT=&quot]Please can you provide the above information within 14 days [/FONT]

[FONT=&quot]Yours faithfully,[/FONT]

good letter however technically they have got 8weeks to respond to your request if its the first instance of it.

ANY_CHANCE

ANY_CHANCE wrote: »

Unfortunately we took out a secured loan with First Plus for 50,000 as we were desperate. On the phone they said we could not take out the loan unless we had payment protection so we signed for it 12245. Payments of 374.98 p/m for the loan over 25 yrs and 91.83 for the payment protection.

All interest we since found out was front loaded! - I believe this was not explained intially or what it meant.

We took this out in july 2005, in 2007 struggling to meet payments we asked to stop ppi they said they would but they would only refund 2246.86 which would be credited to the account reducing monthly payments by 17.25!!

By this time we were fed up with first plus and wanted to get rid of them we had to sell our house and pay them off 62,000 if you add the payments made over 22 months at around 466.81 per month total amount to them is 73,000

their profit out of us in 22 months is 23000

Is this fair, responsible, honest lending? I dont think so

I have spent a couple of days going through the posts - thanks to DayNurse i followed the threads and you have had a great outcome. I can only dream of the same!

I have sent First Plus the letter from this site stating:

This is due to the fact that I paid a single premium for my policy but did not see it through to the end of it’s initial term after paying back my loan earlier than planned in May 2007

This is due to the fact that I contacted you in September 2006 and you informed me that I could only cancel the policy if I accepted a refund of 2246.86 only reducing monthly payments by 17.25 I consider this to be an unfair reund and this was not acceptable.

This is due to the fact that I was not given the correct information when the policy was sold to me, as

• your salesperson did not tell me that the policy was optional

• your salesperson stated / implied that taking out the policy was essential for me to get the associated credit .

• your salesperson did not give me full information on what the policy would and would not cover for example that the loan only covered the first five years of my loan term.

• i am concerned the sales assistant that sold me the policy has no financial background and the policy was not sold in my best interests.

If they reply and reject my claim (im sure they will) should i add 'uberrimae fideli' to the second letter?
Also the FSA critisism on PPI in October 2005
Can anyone give any extra/other advice?

I start as a student nurse in march with 3 children so any financial success would be amazing

daynurse

ANY_CHANCE wrote: »

I have spent a couple of days going through the posts - thanks to DayNurse i followed the threads and you have had a great outcome. I can only dream of the same!

I have sent First Plus the letter from this site stating:

This is due to the fact that I paid a single premium for my policy but did not see it through to the end of it’s initial term after paying back my loan earlier than planned in May 2007

This is due to the fact that I contacted you in September 2006 and you informed me that I could only cancel the policy if I accepted a refund of 2246.86 only reducing monthly payments by 17.25 I consider this to be an unfair reund and this was not acceptable.

This is due to the fact that I was not given the correct information when the policy was sold to me, as

• your salesperson did not tell me that the policy was optional

• your salesperson stated / implied that taking out the policy was essential for me to get the associated credit .

• your salesperson did not give me full information on what the policy would and would not cover for example that the loan only covered the first five years of my loan term.

• i am concerned the sales assistant that sold me the policy has no financial background and the policy was not sold in my best interests.

If they reply and reject my claim (im sure they will) should i add 'uberrimae fideli' to the second letter?
Also the FSA critisism on PPI in October 2005
Can anyone give any extra/other advice?

I start as a student nurse in march with 3 children so any financial success would be amazing

you definatley can claim under the unfair rebate terms " the Financial Services Authority has stated partial refund terms to be unfair under the Unfair Consumer Contract Terms Regulations 1999. They state that refunds should be ‘calculated fairly’ after taking into account ‘justifiable costs’. I do not believe the rebate given was fair"

good luck with your nurse training im just about to apply for a sisters post my daughter is in her second year its a hard slog but worth it in the end

ANY_CHANCE

Thanks DayNurse for your replies,

Its all starting to make sense the more i read and re -read!

I certainly wish i had taken control of the old finances earlier, never mind have to just keep battling onwards!

Any idea of how much i should aim to claim back my wish target 10,000!!:think:

Im sure you will be successful in Sisters post (perhaps get a lottery ticket as well if your on a roll)

Stillsmiling

Good luck Any Chance, I've just finished my ombudsman forms today and will post them off this weekend. First Plus have offered an "enhanced rebate" so far but it isn't enough in my opinion. Unfortunately we still have the loan and so I want the PPI removed totally.

ANY_CHANCE

Stillsmiling wrote: »

Good luck Any Chance, I've just finished my ombudsman forms today and will post them off this weekend. First Plus have offered an "enhanced rebate" so far but it isn't enough in my opinion. Unfortunately we still have the loan and so I want the PPI removed totally.

Sounds promising, sorry ive forgotten did you go for the misselling or unfair rebate?
What was their enchanced rebate? (just out of interest)
Go for it hope you get everything, and more back

These companies who are at a huge advantage in knowledge and position over the average applicant, need to be penalised for not informing us sufficiently over the phone and on paper. Stating exactly what is involved with front loaded/singlepayment insureance, not being covered for the whole of the loan (only five years), not telling us it is optional and that we could go elsewhere and only sending us details after signing any papers

ITS WRONG :mad: BUT AS THEY SAY DONT GET MAD GET EVEN!!

louietudor

m.colak wrote: »

good letter however technically they have got 8weeks to respond to your request if its the first instance of it.

cheers - ive been asking for the info all along and they have never sent it ( apart from the latest t&c as i mentioned earliur)- plus they have given their final response - im tempted to refer to the ombudsman now and tell them that capital one failed to supply requested info