Advice needed on PPI

saucy77

I never thought I would be doing this, but here goes!

I took out a loan in June for £3,800 with Halifax (my own bank)over 7 yrs:eek: .
I was all fine with it til I saw Martin's show.
Repayments of £88.92 I could manage that so there was no problems.

However, times have changed and I have been on signed off sick with a mixture of stress/depression/anxiety since July.
I have only just reliased now that with all the muddling in my head that I can claim on the PPI. Have not contacted the bank yet to see if I can, but then I read into my agreement.

PPI is calculated at £1496.04 then reading further down the calculation sheet I have been charged interest on the PPI £544.20

Have tried to make head and tail of what Martin said in he's PPI guide, and from what I can make out... correct me if i'm wrong... I'm not supposed to be paying interest on the PPI??

Now my dilemma... Do I contact the bank to see if I can claim off it, will they back date it? (I doubt it, but it's not helped me financially).
Can I reclaim it due to being charged the interest on it without knowing it?

Loking further into my paperwork, it has unemployment cover, but doesn't state sickness cover which I was lead to believe was included, unless it comes under that heading.

Policy wording
Unemployment cover
Benefits - If you become unemployed for more than a continous period of 30 days, we will pay daily benefit for every day you are unemployed from the 31st day of yoru unemployment, upto a maximum of 12 months. Daily benefit is a sum equivalent to one thirtieth of the monthly payment. In the event of a valid claim, we will pay you unemployment benefits up to a maximum £3500 a month.
Exclusions - We will not pay unemployment benefits if:

• You were not in 6 months continuous work immediately before the date of the claim.
• If the start date you knew you were going to be made unemployed or had reason to belive it was likely to happen.
• Your employment ends or you are notified, verbally or in writing, of your employment ending, within 60 days of the start date.
• You become voluntary unemployed.
• You work a fixed term contract which ends unless you were working continuously for the same employer for at least 24 months, or you were in a contract for at least 12 months and had it renewed at least once, or you were originally employed on a permanent basis by the same employer but were transferred to a fixed term contract without a break in employemnt.

Please see section 5 of the policy conditions for full details of the benfits and exclusions.

I have no idea where section 5 lays, but I'd like to find out.

My employment is with a well known high street retail branch, with a contract of 17 and half hours a week, and started there in Sept 2006.

Please can someone give me some guidance as what to do?

Thanks in advance

jonesMUFCforever

In that booklet is there a claims telephone number? If so ring them and do the claim by phone.
It is likely that they will require a certificate from your doctors to confirm your illness.
You should be able to backdate your claim providing the policy covers you for a contract of 17.5 hours per week (and this is not a temporary contract).
The bank I work for has a limit of 16 hours so I think you should be ok with this.

Good luck - remember you have paid a premium for instances just like this - go claim what is rightfully yours.