PPI Reclaiming discussion Part II

di3004

kazc wrote: »

Me again !!
When you are offered PPI should you be asked if you have any insurance already? My husband has had a critical illness policy for years and he is paid for a year on full pay if he's ill and also has redundancy cover. He is adamant that Nemo never asked him anything to do with these issues ! Would they have paid out if we had have claimed because he already had these or doesn't it matter?

Hi there
Yes hun they are supposed to ask about all the insurances.
If this was sold by telephone they should have had all calls recorded, so this disc could be a real help to you as it was for me.:D

di3004

Kazc

Have a read of this

http://www.thisismoney.co.uk/campaigns/loansinsu/article.html?in_article_id=416760&in_page_id=506

kazc_2

Thanks for that Di,
k

di3004

kazc wrote: »

Thanks for that Di,
k

With pleasure.;)

I expect you have already browsed on this link here hun have you?
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Good luck!

Di.
x

mickey54

My son took out a loan APril 2002 for £4000.00 plus - PPI 995.34 (Monthly rate 1.39% - APR 17.9%) for 60 months.
In October 2004 he re-financed. 235.68 was taken off the balance of PPI and the rest was transferred with the balance of loan (2760.36 in total). He borrowed a further 4739.64 plus PPI of 1687.27 at 1.02% monthly - APR 12.9%. - Total due 9187.00 again over 60 months

He has had the PPI plus interest from the 2004 loan returned (cleared off his loan).
He has also had the £759.66 returned. Interest only £337.

I maintain that he should have the interest on 995.34 from April 02 - Oct 04....
then interes on 759.66 from Oct 04 till cleared account in May 2008.

Can someone help me with the arithmatic on this please??? I have tried - but keep coming up with different amounts.

Thanks for you help guys...:A

Doddy03

Hi all and thanks again for your responses. Just wanted to ask, as completely new to this, in First Plus' letter they stated in a phone call to me on 16th august - how do I go about obtaining all documentation/records of phone calls etc. I know I have heard people going on about an SAR but how would I word the letter. I know we are in the right and that we were mis sold this policy however they are quick to point out that in 11 months we qualify for our refund (provided we have met their criteria and less IPT!!!). Any help would be much appreciated. Many thanks everyone

di3004

mickey54 wrote: »

My son took out a loan APril 2002 for £4000.00 plus - PPI 995.34 (Monthly rate 1.39% - APR 17.9%) for 60 months.
In October 2004 he re-financed. 235.68 was taken off the balance of PPI and the rest was transferred with the balance of loan (2760.36 in total). He borrowed a further 4739.64 plus PPI of 1687.27 at 1.02% monthly - APR 12.9%. - Total due 9187.00 again over 60 months

He has had the PPI plus interest from the 2004 loan returned (cleared off his loan).
He has also had the £759.66 returned. Interest only £337.

I maintain that he should have the interest on 995.34 from April 02 - Oct 04....
then interes on 759.66 from Oct 04 till cleared account in May 2008.

Can someone help me with the arithmatic on this please??? I have tried - but keep coming up with different amounts.

Thanks for you help guys...:A

Hi there
Who was the loan taken out with if you don't mind me asking ?

Tiggrae should hopefully be along at some point who will take a look at this for you, I'm sure it will be looked at.;)

Di.
x

di3004

Doddy03 wrote: »

Hi all and thanks again for your responses. Just wanted to ask, as completely new to this, in First Plus' letter they stated in a phone call to me on 16th august - how do I go about obtaining all documentation/records of phone calls etc. I know I have heard people going on about an SAR but how would I word the letter. I know we are in the right and that we were mis sold this policy however they are quick to point out that in 11 months we qualify for our refund (provided we have met their criteria and less IPT!!!). Any help would be much appreciated. Many thanks everyone

Hi there hun
I will check out the SAR template for you and post here as soon as I find it, although it may be possible for them to supply agreements, written breakdowns and even telephone recordings disc free of charge.;)

I will post as soon I found the template hun.

Di.
x

di3004

Doddy03 wrote: »

Hi all and thanks again for your responses. Just wanted to ask, as completely new to this, in First Plus' letter they stated in a phone call to me on 16th august - how do I go about obtaining all documentation/records of phone calls etc. I know I have heard people going on about an SAR but how would I word the letter. I know we are in the right and that we were mis sold this policy however they are quick to point out that in 11 months we qualify for our refund (provided we have met their criteria and less IPT!!!). Any help would be much appreciated. Many thanks everyone

Doddy I'm back lol, just came across one I used for when I requested an SAR on loans, credit cards etc, so here goes hun:;)

Your address

Their Address

Date

DATA PROTECTION ACT 1998
SUBJECT ACCESS REQUEST


Dear Sir/Madam
Your name: xxxxxx
Account No/ No’s



I understand that you currently hold details of my personal and financial information within your internal record systems with regard to personal loan accounts And or credit cards

Please supply me with a complete list of transaction and charges relating to my history with your organization, INCLUDING Loans and or credit cards, payment protection insurance and other products. Alternatively a complete set of statements for the accounts or associated accounts is acceptable. I would be grateful if you would provide the following for ALL accounts or associated accounts I have held with your organization:
-Full copies of all contracts which you believe exist or have existed between myself and your organization, including true copies of any documents you hold in support of the same.

- A complete list of all transactions or statements relating to ALL of my Loan Accounts and or credit card with your organization.

-Copies of all documents which include any of my personal information including copies of any contacts or invoices, emails or computer records containing my personal information, or any records which pertain to this information.

-Full copies or transcripts of any correspondence in postal, email or any other format which you have entered into with any individual, organization or third party which contains my personal or financial, or which pertains to me.

- Where any previous information or records held have been deleted or disposed of, the methods used to do so, including dates, certificates or references confirming details of destruction. Where you are unable to provide such certificates, please provide a declaration, signed by an authorised officer of your company, confirming the dates and methods of destruction of this data.

-Full hard copy print outs of my personal or financial information, held in a digital, magnetic or any other format which is held in any archives, backups or other storage devices / locations.

I enclose a cheque in the sum of £10 to cover your fee.

IF YOU UNABLE TO DEAL WITH THIS REQUEST, YOU SHOULD IMMEDIATELY FORWARD IT TO THE PERSON WITHIN YOUR ORGANISATION RESPONSIBLE FOR DATA PROCECTION.

I look forward to hearing from you in the first instance of receipt.

Yours faithfully


Your name



They have 40days to comply under the Data Protection Act, but do be nice and allow some time for postage. Which should always be by recorded delivery, so you can prove that they did receive it.

maxdp

Have not caught up on thread yet but does everyone know that A and L have been fined and they should be writing to us all. Apologise if this has already come up and trying to catch up. LOL