PPI Reclaiming discussion

KT-K

gt568 wrote: »

Send a SAR (subject access request) to Barclays, should only cost a tenner and they will send you all the gen they have on you.

Thanks for your reply... I will try that and see what happens.

acorrie

Hi Kaybelle,

Congratulations on getting your ppi back. I took a loan out in March 2004 with Firstplus for 57,000 and had single ppi which was 11,360.Was told if i dont make a claim in 5 years would get 95% back in March 2009. I asked if i cancelled my ppi whatrefund would i get. I received a letter this morning saying it would refund wait for this £114.00 and my monthly payments would reduce by £1.00 a month it also states i am not covered after 5 years. Could you give me any advice on how to go forward with this or should i wait another 15 months and get 10,800 back??
Regards
Angie

KAYBELLE wrote: »

Well it has taken 5 months and plenty of letters going back and forth but finally after involving the financial ombudsman I have had a cheque today for £11,610.53p off Firstplus for a mis-sold ppi!!!!!!!!
Thanks to Martin and all who advised from my other posts. My advice - keep at 'em and lets all get our money back ! :j :j :j :j :j :j :j :j :j :j :j :j :j :j :j

loolabell

loolabell wrote: »

Hi

I got my first bank flexi loan with then the Midland (now HSBC) in 1991, and it was made quite clear, that although in employment I HAD to sign for PPI because of my age!!!!!!

I still have the loan (yes I know, its a flexi one and I can top up ad hoc!) so in total 16 years!!! Martins blog is a bit vague with policies over 6 years old that are still current in terms of how far back you can claim.

Can I assume that its similar to the bank charges claim and therefore up to 6 years?

I have phoned HSBC today, they were extremely helpful and friendly and have referred my 'mis sold' case to the 'service quality' department and I should hear within the week. it would be great to know where I stand before they come back to me.

Thanks for any help in advance.

Loolabell

Just bumping this up, incase it gets lost - anyone help?

gt568

loolabell wrote: »

Just bumping this up, incase it gets lost - anyone help?

if you still have the loan, try and claim. Send the letters.

amanda_d_29

digging a hole hear this letter

in one line its says " as i am sure you can appreciate it is impractical to give you entire policy details over the phone, we additionally sent you and insurance which contained a summary of the policy, your demands and needs notice your statement of price and the full insurance policy.

Then in the next paragraph "the 5 year term of the term of the insurance policy in the insurance booklet and it is STANDARD PRACTICE yo reconfirm this with all customers orally during the application process"

HUH has this letter completely contradicting itself??

i rang them and also sent second letter as they haven't listened to the phone call for the application where it is standard practice to confirm the ppp term!!! which they didnt

amanda_d_29

digging a hole hear this letter

in one line its says " as i am sure you can appreciate it is impractical to give you entire policy details over the phone, we additionally sent you and insurance which contained a summary of the policy, your demands and needs notice your statement of price and the full insurance policy.

Then in the next paragraph "the 5 year term of the term of the insurance policy in the insurance booklet and it is STANDARD PRACTICE yo reconfirm this with all customers orally during the application process"

HUH has this letter completely contradicting itself??

i rang them and also sent second letter as they haven't listened to the phone call for the application where it is standard practice to confirm the ppp term!!! which they didnt

sc0tsman

jwesty wrote: »

i am trying to reclaim ppi on credit cards RBS, HSBC, MBNA and GE Capital. All have said no with RBS stating policy sold on non advised basis, \what does that mean and does it make a difference?
Has anyone had success reclaiming with any of above?

I am currently claiming back from GE Money I take it that's the same company exactly what did they say m8 ???

louithecret

hi, i took out a loan with Barclayloan and whilst waiting for papers to sign I received a telephone call from them selling me insurance. The insurance taken out was for my husband who is self employed and myself.I was told that it would be £5,000 but I get a refund after 5 years. I now know that £6,500 was put straight on top of a 25,000 loan. Could anybody advise me if this was missold due to the following
Husband is self employed
Second signatory is only entitled to life not employment cover (not explained)
only five years cover (not explained)

I have had a letter back stating that it was not missold as I had signed for it. unfortunately I did not read the small print. I have now sent a second letter outlining the above. I will keep you all updated with the outcome of this.

Cheerio, from successful bank charges reclaimer £2500 Hooray...

Debbie2K7

Having sent off my second letter to Firstplus i received an offer of £3260...but this was to be taken off the loan amount outstanding, i sent a letter saying i wanted the money paid to myself with the remaining amount outstanding on the loan to be recalculated!

Now they have replied back saying "unable to uphold complaint and reasons summarised below" as outlined in letter dated 30 September. They have reviewed the call again saying the account manager said it was optional and it wasn't a condition of the loan to take out ppi and based on the answers provided to the questions they asked the ppi was recommended in order to protect the loan!!!

I was very naive at the beginning about ppi but i think now they have got me by the "short and curlies", included in their reply was a leaflet about the financial ombudsman service! :mad:

susanmc

My partner and I took out a joint loan with Direct Line. I applied on the phone and at the time agreed to take out PPI. I distinctly remember the adviser on the call telling me that only 1 party would be covered and I replied that it would make sense that my partner was covered as I was working part time.

After reading all Martins info on PPI I decided to go back and have a look at my papers. Since the loan was paid off early I no longer have the paperwork but am just about to send Martins template requesting a copy of it.

On checking my direct debits I've noticed that the reference number of the loan is a load of numbers followed by my date of birth at the end. I'm now thinking that they set up the loan with me as the main party which would mean I would be the one that was insured. Obviously when I see the paperwork I will be able to see if I was the main party but if so would that mean I was missold the policy. Surely having told them my partner was the main wage earner they have a duty to ensure he is the one ensured.

Advice please????