PPI Reclaiming successes and failures

RACH_2-2

Can anybody tell me how i would know if i have a ppi with my northern rock unsecured loan i took it out with my mortgage but i went though a third party to get this so have looked through my paperwork but nothing seems to tell me, am i better off ringing them to find out or is there a better way, thanks

di3004

paulthedude34 wrote: »

hi all after having been misold ppi by ltsb on 3 different loans going back 2 2000 i sent my letter into them in march 09 and they have still not come back with an anwser i have now sent my complaint to the fos in july of this year had a letter of them saying they wud look into it but could take months can any 1 tell me how long it takes to be sorted out cheers Paul

Good luck with this Paul.;)

di3004

RACH wrote: »

Can anybody tell me how i would know if i have a ppi with my northern rock unsecured loan i took it out with my mortgage but i went though a third party to get this so have looked through my paperwork but nothing seems to tell me, am i better off ringing them to find out or is there a better way, thanks

Hi hun
I take it you have no paperwork in relation to the loan then?

I would maybe request a SAR (Subject Access Request) they have 40 days to comply and send everything as possible as requested on the SAR, and you need to enclose a payment of £10 cheque or postal order for this request.
Post by recorded delivery.;)
Hope this helps and here is the link to the SAR template here:
http://forums.moneysavingexpert.com/showthread.html?t=1475553

Good luck.;)

big_al_1981

di3004 wrote: »

Awe thank you.:A
Apart from his confusion with dementia he is not doing too bad, thank you for your lovely words.;)

Your doing the right thing and yes they are all linked, and they have fax machines, so not a problem anyway.
Fingers crossed for you and please post up and let us know of the outcome and if you need any further help. Cheers and good luck.;)XX

hey u how r u?just 2 let u know that stil no news in the post 2day,but no news is gud news rite,lol,i was going 2 ask u if i get a response regarding my ppi saying they wont pay me my refund where do i go from there,the FOS? and how long does it take 4 the fos 2 sort and get back 2 me?anyway i hope ur dad is ok and ur doing ok,keep ur chin up hun.;)XXX

ntskylife

Well done to all the recent winners!!!!!

ntskylife

amersall wrote: »

thanks guys :A:A:A another win :j:j citi financial, £1800 back to me and loan cleared :D:D:D one letter to them was all it took:j:j you guys are ACE :cool::cool::cool: special thanks to di:A you made me so welcome when i came on this site bless you xxxx

Well Done Amersall,so pleased for you :j:j:j:T:T:T:rotfl::rotfl::rotfl:

busbyh

amersall wrote: »

thanks guys :A:A:A another win :j:j citi financial, £1800 back to me and loan cleared :D:D:D one letter to them was all it took:j:j you guys are ACE :cool::cool::cool: special thanks to di:A you made me so welcome when i came on this site bless you xxxx

Well done to you:beer::j
Di is wonderful isn't she:A:beer:

Frith

Hello again!

My 2nd letter to HSBC looks like this. Do you think it is OK?

I am writing in response to your letter dated **th August 2009, with regards to the insurance sold with my loan. Your reference is ****************************.

Although you have offered me the sum of 6 months of premiums (£257.28) to cover the mis-selling of my policy, I do not think this amount is enough to cover a refund of the premiums, subsequent interest that I have paid on these premiums and the 8% statutory interest that a court would award. With 8% interest from May 2001, the total is £428.24.

Also, the rest of the loan including the PPI payments was taken into collections by MCS and I am seeking the further 54 payments to be deleted from the loan with the same 8% statutory interest. This amounts to £2315.52 plus 8% interest of £1538.69 - a total of £3854.20.

If you were therefore to increase your offer to £4282.44 I would accept and consider the matter closed. If I have not heard from you within 14 days to say if you can offer this amount, I shall be taking my complaint to the Financial Ombudsman.

Yours faithfully,

amersall

ACEY wrote: »

Hello again!

My 2nd letter to HSBC looks like this. Do you think it is OK?

I am writing in response to your letter dated **th August 2009, with regards to the insurance sold with myloan.Yourreference is ****************************.

Although you have offered me the sum of 6 months of premiums (£257.28) to cover the mis-selling of my policy, I do not think this amount is enough to cover a refund of the premiums, subsequent interest that I have paid on these premiums and the 8% statutory interest that a court would award. With 8% interest from May 2001, the total is £428.24.

Also, the rest of the loan including the PPI payments was taken into collections by MCS and I am seeking the further 54 payments to be deleted from the loan with the same 8% statutory interest. This amounts to £2315.52 plus 8% interest of £1538.69 - a total of £3854.20.

If you were therefore to increase your offer to £4282.44 I would accept and consider the matter closed. If I have not heard from you within 14 days to say if you can offer this amount, I shall be taking my complaint to the Financial Ombudsman.

Yours faithfully,

hi acey, if your loan went over to collections and you were making minimum payments then i would just say that you are not accepting the offer and would like them to remove the ppi off your loan and repay to you the premiums you have made to date plus the statutory 8% and you would like the loan to be put back in the position you would have been without the ppi. if they refuse that then go to fos, they will work out what you are owed i wouldnt tell them , they should tell you and it should be a better offer than 6 months they have offered you to date, as the loan is in arrears they may reduce your payout by the arrears amount and if there is any left you will get this amount back. i still dont understand why if they have agreed to pay you for mis sell they will only give you 6 months premiums back, i would ask them for a breakdown of how they arrived at the six months refund as well

Frith

No, there wouldn't be any loan left (still some outstanding) if HSBC gave that money to MCS.

They don't know how much to pay me because they haven't got bank statements going back that far. I have, and I have the loan agreement signed in 2000.