PPI Reclaiming successes and failures

smashedbooboo

Hi all,

Help needed please before I start my reclaiming with Black Horse Finance.

My husband and I took out a loan with them five yrs ago. The ppi only covered him and not me. And we were also told we had to take out PPI.

My husband and I have since separated. If we get our money back can I ask for the refund to be split between us. We both have our own bank accounts, but the loan has been paid by Direct debit through his account.

Just need to know where I stand before I get the ball rolling

Thank you in advance

Boo x x x x

Hpoc

Hi wondering can anyone advise me please, took out a Car Loan with Welcome over 48 months in2007 was sold PPI along Mechanical break down which only covered 36 months, there was also short fall insurance and Emergency Breakdown, in total adding over 3000 to the loan and monthly payments of an additional 150. per month. Should I just claim for the PPI or should I go for all of it, thank you in advance Hpoc

Hpoc

I am sure they will repay the money into the bank account they already have details from, or they may make the chq out to the name they have as the payee which would be your ex.
You may need to get him to do the letters as they may refuse to deal in relation to the PPI with you as he was the one covered. This may be covered by the Data Protection Act

Sorry

issytm

DO not use beneficial claims they took money from my account without my authority now trying toget it back

Foggster

smashedbooboo wrote: »

Hi all,

Help needed please before I start my reclaiming with Black Horse Finance.

My husband and I took out a loan with them five yrs ago. The ppi only covered him and not me. And we were also told we had to take out PPI.

My husband and I have since separated. If we get our money back can I ask for the refund to be split between us. We both have our own bank accounts, but the loan has been paid by Direct debit through his account.

Just need to know where I stand before I get the ball rolling

Thank you in advance

Boo x x x x

Was it a joint loan? I have been able to claim back loans which were paid through a joint name but the loans were in my name only. If the loan was in his name then no you cant claim and you may find he has already claimed.

di3004

smashedbooboo wrote: »

Hi all,

Help needed please before I start my reclaiming with Black Horse Finance.

My husband and I took out a loan with them five yrs ago. The ppi only covered him and not me. And we were also told we had to take out PPI.

My husband and I have since separated. If we get our money back can I ask for the refund to be split between us. We both have our own bank accounts, but the loan has been paid by Direct debit through his account.

Just need to know where I stand before I get the ball rolling

Thank you in advance

Boo x x x x

Hi there

This have been done........

If your on good talking terms, and he have not already made a reclaim then go for it with your reasons, afterall you were both affected by being deprived of your money.

You write to the ones who set this up for you.

More help and the guidelines of reclaiming here, complete the FOS questionnaire on Stage one of the reclaiming, and keep copies, if you also want to write a cover letter that is of course up to you, they have 8 weeks in full to respond. Good luck and please keep us posted.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance


Di

di3004

Hpoc wrote: »

Hi wondering can anyone advise me please, took out a Car Loan with Welcome over 48 months in2007 was sold PPI along Mechanical break down which only covered 36 months, there was also short fall insurance and Emergency Breakdown, in total adding over 3000 to the loan and monthly payments of an additional 150. per month. Should I just claim for the PPI or should I go for all of it, thank you in advance Hpoc

Hi there

I am aware you can try to reclaim on the PPI if mis sold for a any reason, not sure about the other, but if they automatically added the other as well maybe that is also reclaimable, hopefully someone will know and clarify on that one, but for now continue with the PPI - and if you find that you can reclaim on the other later on then go for that one as well.

More on the link below, guidelines of reclaiming with FOS questionnaires issued by the FOS, complete this on stage one, and send to who set up the finance for you, and keep copies, they have 8 weeks in full to respond, and you can if you want to write a cover letter as well, but the new questionnaires appears to cover everything.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Please let us know how you get on, good luck.;)

amersall

smashedbooboo wrote: »

Hi all,

Help needed please before I start my reclaiming with Black Horse Finance.

My husband and I took out a loan with them five yrs ago. The ppi only covered him and not me. And we were also told we had to take out PPI.

My husband and I have since separated. If we get our money back can I ask for the refund to be split between us. We both have our own bank accounts, but the loan has been paid by Direct debit through his account.

Just need to know where I stand before I get the ball rolling

Thank you in advance

Boo x x x x

if the loan is in joint names you both have to sign all mis sell documents if you are seperated you need to make the company aware of this (i assume they do deal with you concerning the loan as you are 2nd borrower?) i am sure if you explain the situation they may issue 2 cheques not sure how this works, i think you should give fos a ring and find out how you stand, they may do 2 seperate bank transfers for you, hope this helps and good luck x

amersall

Hpoc wrote: »

Hi wondering can anyone advise me please, took out a Car Loan with Welcome over 48 months in2007 was sold PPI along Mechanical break down which only covered 36 months, there was also short fall insurance and Emergency Breakdown, in total adding over 3000 to the loan and monthly payments of an additional 150. per month. Should I just claim for the PPI or should I go for all of it, thank you in advance Hpoc

hi there, i would try for it all, you never know, in for a penny in for a pound !!good luck with this x

LINE999

• Decided to try and re claim mis sold PPI for a Barclayloan purchased in November 2003, for the reasons listed below:

1) I believe I should have been made aware of (considerably) cheaper options for insurance at the time of the sale
2) I should also have been made fully aware that the insurance was optional
3) It should have been very clearly outlined that this policy was to be paid by a single lump sum premium covering the whole of the policy term and that the cost of the lump sum premium was to be funded by means of a loan, on which interest would be payable. If I had known that the total cost of the loan agreement would equal almost 50% of the actual cash loan I would certainly have never agreed. This was not made clear at any stage of the selling process.


I sent my first letter 01/03/10. (I used the template from this site... Thank you!)

• I recieved a letter back with a questionaire in April.
• I wasn't sure weather to fill in the questionaire or not, but decided to fill in the basics and refer back to my origanal letter. I also sent a covering letter saying that the questionaire was in unnecessary as I had already given them all the details in my origanal letter and asked them to reply within the time frame given on the origanal letter.
• Recieved a letter from the bank saying they we're looking into it and would reply by 20/05/10.
• 10/03/10 - Bank credited with £2500.00 for mis sold PPI and the Intrest.

This took just over 2 months from start to finish and was quite straight forward, I have to say Barclays have indeed surprised me with their swift responce and pay out, but needless to say I am very pleased and would encourage people to at least try.....
I first thought about claiming early last year, but kept putting it off because I didn't think I would get any where, just goes to show you!!!

Good luck :rotfl: