We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Stuck Trying to Get a Credit Card/ Phone Contract
Comments
-
Thank you for your reply - based on the credit report I believe we have missed deadline for any PPI complains regarding the credit card. I am guessing the missed payment of 2GBP will disappear from the records in a year time anyway so there is no need to worry about it...
Does the same time frame apply to loans?
6 years from last payment/acknowledgement etc, the rules are listed on this forum somewhereSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
It appears there was a PPI on the loan...
1. Is there any way to find this PPI T&C? visit a branch and make a formal request?
2. My understanding is that the current APR is 12%. Does it worth to ask to reduce it?
3. Is it right that one can ask for the initial loan T&C, if the original paperwork was lost?0 -
1. You don't need the t&Cs. You need a complaint reason.
2. You can ask, but they will say no. The APR is the one agreed to.
2. Yes, you can ask for a copy of the agreement. There may be a charge.0 -
Without T&C the only complaint reason I can think of is that it was sold with the loan without opt-out option.Deleted_User wrote: »1. You don't need the t&Cs. You need a complaint reason.
We only want it to see what would be consequences of overpaying/early settlement...Deleted_User wrote: »3. Yes, you can ask for a copy of the agreement. There may be a charge.0 -
A card taken out in 2012 is unlikely to have had PPI on it IMO.
Lloyds stopped on 27 July 2010 although customers who previously had the cover still pay until they ask for it to be stopped.0 -
Without T&C the only complaint reason I can think of is that it was sold with the loan without opt-out option.
We only want it to see what would be consequences of overpaying/early settlement...
Don't guess at these things, if you go in guns blazing saying that and it turns out she ticked a box on the form then you've killed your credibility. Focus on facts - was she working full time when it was taken out, would the PPI cover her (some didn't cover the self-employed properly for example), was it front loaded (single premium) etcSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
Don't guess at these things, if you go in guns blazing saying that and it turns out she ticked a box on the form then you've killed your credibility. Focus on facts - was she working full time when it was taken out, would the PPI cover her (some didn't cover the self-employed properly for example), was it front loaded (single premium) etc
Shall we approach the bank and ask for the PPI T&C then? Otherwise we simply cannot figure out whether the PPI would cover her or not. A separate question is whether it was of any use during the year missed/underpayments.0 -
Shall we approach the bank and ask for the PPI T&C then? Otherwise we simply cannot figure out whether the PPI would cover her or not. A separate question is whether it was of any use during the year missed/underpayments.
You could do but trying to go through them and look for ways of cherry picking your complaint reasons to tailor the complaint is fairly bad. Find out if it was front loaded/single premium on the loan and if so, complain on that basis, otherwise just explain the situation and see what happpensSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards