PPI Reclaiming discussion

m.colak

WILLOW wrote: »

Hi am waiting for a response to my second letter, does anyone know how they work out the 78% rebate, is it worked out on the whole amount of ppi paid or does it relate to how long you had the loan before you paid it off.

appreciate any replys

thank you.

I'll make it simply. Anything they offer you isn't in your best interest to accept. Because unless you get back every penny you gave them they are ripping you off if you were mis sold. Their working out is 78% not including interest or any additional charges plus they will offer to take it off the loan if you decide to re finance the loan (don't do it). The FOS can force them to reply you everything that you have paid plus interest plus compensation and make them re calculate the loan without having to refinance.

YEOSAL

Hi
I could really use a bit of advice. One PPI I am trying to reclaim is from DFS. I bought sofas in 2000 and finished paying in 2003. Done all the letters and sent forms to FOS. FOS tells me DFS were not regulated by them at that time (cant find out who they were regulated by). I want to take them to court and although I have the original paperwork, I do not have T&C. The amount is only £240 and it was a long time ago but it is my money and I cannot believe I have been conned out of it so really want to fight to get it back!!!!

I am a partner in a business with staff so have an income whether I go to work or not and would never have opted for PPI as payment was only £46 per month so was unaware of having it.

Sorry it is so long winded, but does anyone have an opinion on whether taking DFS to court would have a prospect of success?

Thanks x

m.colak

YEOSAL wrote: »

Hi
I could really use a bit of advice. One PPI I am trying to reclaim is from DFS. I bought sofas in 2000 and finished paying in 2003. Done all the letters and sent forms to FOS. FOS tells me DFS were not regulated by them at that time (cant find out who they were regulated by). I want to take them to court and although I have the original paperwork, I do not have T&C. The amount is only £240 and it was a long time ago but it is my money and I cannot believe I have been conned out of it so really want to fight to get it back!!!!

I am a partner in a business with staff so have an income whether I go to work or not and would never have opted for PPI as payment was only £46 per month so was unaware of having it.

Sorry it is so long winded, but does anyone have an opinion on whether taking DFS to court would have a prospect of success?

Thanks x

Hi

Have you checked all these companies:

http://www.uknetguide.co.uk/Finance/Financial_Institutions/Regulatory.html

If its not in these then they're credit agreements must have taken by another finance company and its these you should be going for not DFS. They have to provide you with you're old CCA (Customer Credit Agreement) or Terms and Conditions, if you request them, within 40 days. If they don't call up the information commisioner and get involved remember its not the amount its the principle.

Rab19

M.Colak - thank you very, very much for your help - you're a true MSE'r and a real boon!!!

Thanks again


Rab x x

YEOSAL

m.colak wrote: »

Hi

Have you checked all these companies:

http://www.uknetguide.co.uk/Finance/Financial_Institutions/Regulatory.html

If its not in these then they're credit agreements must have taken by another finance company and its these you should be going for not DFS. They have to provide you with you're old CCA (Customer Credit Agreement) or Terms and Conditions, if you request them, within 40 days. If they don't call up the information commisioner and get involved remember its not the amount its the principle.

Thanks for replying so quickly!

I have got old CCA which is for Nova Finance, but no T&C. I thought I had to pursue DFS as they filled out the form and effectively sold me the PPI.

m.colak

YEOSAL wrote: »

Thanks for replying so quickly!

I have got old CCA which is for Nova Finance, but no T&C. I thought I had to pursue DFS as they filled out the form and effectively sold me the PPI.

Thats the problem the money and finance was by Nova. Effectively they bought the sofa off DFS and then sold it too you and therefore it is them that you should be going after in this case.

Are These the ones:

http://www.thelocalweb.net/index/MLO/tlw_533096.htm

Think they might be members of this bunch of jokers

Consumer Credit Trade Association (CCTA)

YEOSAL

m.colak wrote: »

Thats the problem the money and finance was by Nova. Effectively they bought the sofa off DFS and then sold it too you and therefore it is them that you should be going after in this case.

Are These the ones:

http://www.thelocalweb.net/index/MLO/tlw_533096.htm

Think they might be members of this bunch of jokers

Consumer Credit Trade Association (CCTA)

Thanks, thats really kind of you to help. Will see what Nova have to say about it all!

Also got a couple of old loan PPI's I am trying to reclaim. Waiting on some T&C from LLoyds TSB so I can take them to court. Want to have as tight a case as possible so using Mis Rep Act and mis-selling. Any other advice would be well received.

I am really careful what I sign and have had my own business for 10 years so how on earth I have been caught with PPI I dont know!! Same as everyone else I guess.

m.colak

YEOSAL wrote: »

Thanks, thats really kind of you to help. Will see what Nova have to say about it all!

Also got a couple of old loan PPI's I am trying to reclaim. Waiting on some T&C from LLoyds TSB so I can take them to court. Want to have as tight a case as possible so using Mis Rep Act and mis-selling. Any other advice would be well received.

I am really careful what I sign and have had my own business for 10 years so how on earth I have been caught with PPI I dont know!! Same as everyone else I guess.

I guess so have also checked the small print which have on some peoples policy you can't claim if your self employed then. Just keep at them they will fold in the end.

russbeck

Hi, We have written to Blackhorse asking for all ppi back as we didn't want the cover and were told that we had to have it. They have said no to our request so we are about to take this to court. All along our arguement has been that we were told we have to have it when we didn't want or need it. We have also just realised we have been charged over £2000 for it when we only had the loan for 3 months before settling early. We have never mentioned this in our letters. We are about to send a letter saying we will take this matter to court. What arguement should we use:

* We were told we had to have the ppi in order to get the loan
* We were not given a fair rebate on settling the loan
* Both!

We have never mentioned the Misrepresention act 1967. Also is there some sort of 'act' we can use for the little/no rebate arguement. When we do take this to court will we need an 'act' to back up our arguement.

Sorry for asking so many questions, we just want to get it right.

Hope someone can help.

YEOSAL

Yeah, thats them. Just found some info on investsigations on them and looks like part of it relates to PPI. Will have a good read of it and post info on thread if relevant to reclaim.