PPI Reclaiming discussion Part II

Doddy03

Thank you so much to everyone. Can't believe how quick you all are and how much knowledge you all have. At least that is one thing off my mind now and can send that letter off tomorrow. Can't believe First Plus - why oh why did we ever think it could help us!!!! The other thing I am confused about is the fact that my hubby has always been self employed yet they are stating that the PPI would cover him - bit confused on that part. Anyways get that letter off first class tomorrow and wait for the outcome. Once again a huge thank you.

di3004

maxdp wrote: »

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

Hiya hun how are you hunni ?:D

Yes its good they are caught upon and was you a customer to these ?;)

di3004

Doddy03 wrote: »

Thank you so much to everyone. Can't believe how quick you all are and how much knowledge you all have. At least that is one thing off my mind now and can send that letter off tomorrow. Can't believe First Plus - why oh why did we ever think it could help us!!!! The other thing I am confused about is the fact that my hubby has always been self employed yet they are stating that the PPI would cover him - bit confused on that part. Anyways get that letter off first class tomorrow and wait for the outcome. Once again a huge thank you.

Your very very welcome sweetie and we have all been there, and know what these companies are like, its all for their own ends and not sold in our interest.
Never mind hun, we will fight all the way - its your money and now its payback time.......:D .
Any further help you require please just yell anytime.;)

marshallka

Doddy03 wrote: »

Thank you so much to everyone. Can't believe how quick you all are and how much knowledge you all have. At least that is one thing off my mind now and can send that letter off tomorrow. Can't believe First Plus - why oh why did we ever think it could help us!!!! The other thing I am confused about is the fact that my hubby has always been self employed yet they are stating that the PPI would cover him - bit confused on that part. Anyways get that letter off first class tomorrow and wait for the outcome. Once again a huge thank you.

If you are paying class 2 NI contributions then they do sometimes cover you for self employment and also if you have been in continuous employment for six months too. You would have to check your T and C's for this one.

Good Luck with Barclays Firstplus.

di3004

Hi there Marshallka hunni:T are you feeling okay now hun ?;) xxx

marshallka

maxdp wrote: »

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

Not enough though maxdp

The Office of Fair Trading said that the average claims ratio in the personal loans PPI market was 18%. If this is representative of A&L's business then Burgess said the bank would have received £265m in premiums, paid out £48m in claims, paid out £7m to the FSA and be left with £210m to pay for its overheads on the business and carry out the remedial work that the regulator has demanded.

That was only for a 3 year period from January, 2005 to December, 2007

The FSA said the company qualified for a 30% reduction in the penalty by settling at an early stage of the FSA's investigation. Were it not for this discount, the FSA said the penalty would have been £10m. (its good when they have the money to settle straight away and have a reduction in the fine:mad: )

marshallka

di3004 wrote: »

Hi there Marshallka hunni:T are you feeling okay now hun ?;) xxx

Thanks Di, feeling fine. Just needed a break from it. I feel much better now.:beer:

mickey54

di3004 wrote: »

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

It was with Lloyds TSB

di3004

marshallka wrote: »

Thanks Di, feeling fine. Just needed a break from it. I feel much better now.:beer:

Bless ya, great to know your feeling much better.;)
And yes a chill is what you should have now and again - you work too hard.
Glad your back though lol......:D :beer:

di3004

mickey54 wrote: »

It was with Lloyds TSB

Thanks hun, I have a few claims to sort out with these and some in with the FOS between mine and hubbys.
Tiggrae or Marshallka are good with calculations and keep an eye on these posts hun and something should be posted soon.;)

The reason why I ask is because if for some reason you had to complain to the FOS its best to know that these finance companies were under jurisdiction (covered by GISC) prior to Jan 2005 of when the FSA taken over, then the ombudsman will be able to investigate your complaint then.;)