PPI Reclaiming discussion Part II

sarahc5388

Loan Amount: £14000.00 Loan Interest: £2625.28
PPI Amount: £2335.63 PPI Interest: £437.81

First Payment: 03/05/04
Last Payment: 06/12/05

Total Paid to Date: £8082.80 Settled Figure: £10269.69
Amount Remaining: £1046.23
PPI Rebate: £1362.45
Loan Interest Rebate: £1531.41 PPI Interest Rebate: £255.39
Amount Overpaid £2103.02

PPI Reclaim Report
Number of Payments Made: 20
Amount of PPI Paid: £973.18
Amount of PPI Interest Paid: £182.42
8% Interest On PPI: £288.90
Total PPI Reclaim: £1444.50

there is no formula except very long winded calculations unfortunately. I have created something that saves me time and does it all for me now but unfortunately haven't finished it yet.

sarahc5388 wrote: »

Have just gone through my statements with a fine tooth - they paid me an insurance refund of £750.72 on the 22 Dec, how does this effect thing. All answers appreciated and keep up the good work:D

sorry! you did all the calculations for me and then i added the above about the refund - what does this do to what i'm claiming and what should i do about the overpayment - should i send anothe rletter asking them to explain this and that i want that money back as well. cheers

marshallka

tiggrae wrote: »

I believe under the Consumer Credit Act the seller of a product has to identify themselves, I think this whole bespoke thing is a smoke screen. If you can't go to the FOS then the next recourse is the County Courts - and I would definately identify Freedom as the defendant - as under UK court jurisdication you can sue a company in Gibraltar, but the UK bailiffs have no inforcement authority, so you could win your case but if they don't pay up you've no means of getting your money !!! They've been quite clever S**Ts !!!

So really the county court thing is a waste of time in all fairness. I think that watchdog needs informing and i would like to know how many people on here are told what i was told about this bespoke thing. Don't they need to first prove that Bespoke was involved in the first place. How do they do this??? Surely that is law here in the uk to know who you are having your loan from and receive proof of this too.

I am going to google as much info as i can on this bespoke company now

Jindebt

i was declined mine back.

they said that i was sold it lawfully and apparently it was explained to me when i signed the agreement

homer_j_3

Jindebt wrote: »

i was declined mine back.

they said that i was sold it lawfully and apparently it was explained to me when i signed the agreement

You may have been sold it lawfully in the eyes of the FSA rules. Legally it could be that your agreement as a whole could be illegal - which the FSA/FOS have no powers over or ability to comment on.

marshallka

Jindebt wrote: »

i was declined mine back.

they said that i was sold it lawfully and apparently it was explained to me when i signed the agreement

That is what most people are told at first. They are not going to give it to you just like that. If you read cases of the peeps that have won their claims you will see that they started off being told it was sold fairly and you were informed as this. You may be able to go the FOS about this if your letter actually states this is their "Final response" in actual words and depending who sold you the ppi and what dates. Don't give up yet.

homer_j_3

Surely if bespoke are the ones that offered the PPI, they would have to hold a consumer credit license to do this?

If this is the case then they should be ruled under UK law and forced to abide by this. Clearly if they do not have a consumer credit licence or the relevant FSA authority to sell insurance products in this country then, it is indeed questionable.

If it is looking like that they have set this up for the reasons we believe, I would go for the jugular of FF and look to get the whole loan made unenforceable or voidable.

I cannot see how anybody can justify their actions on this...

tiggrae

marshallka wrote: »

So really the county court thing is a waste of time in all fairness. I think that watchdog needs informing and i would like to know how many people on here are told what i was told about this bespoke thing. Don't they need to first prove that Bespoke was involved in the first place. How do they do this??? Surely that is law here in the uk to know who you are having your loan from and receive proof of this too.

I am going to google as much info as i can on this bespoke company now

Hi Marshallka, let me know what you find out - I'm quite enraged about this, absolutely certain it's a smokescreen set up to avoid having to repay on mis selling - as to the County Court - you'de need to prove it was Freedom who sold the product to you - this should be easy enough through a SAR - but be aware if you do start proceedings against Freedom their solicitors will attempt to have the claim struck out as being nothing to do with them !!!

tiggrae

homer_j wrote: »

Surely if bespoke are the ones that offered the PPI, they would have to hold a consumer credit license to do this?

If this is the case then they should be ruled under UK law and forced to abide by this. Clearly if they do not have a consumer credit licence or the relevant FSA authority to sell insurance products in this country then, it is indeed questionable.

If it is looking like that they have set this up for the reasons we believe, I would go for the jugular of FF and look to get the whole loan made unenforceable or voidable.

I cannot see how anybody can justify their actions on this...

the do have a UK consumer credit licence - that's not the point - it's the fact they are based in Gibraltar - taking them to court is no problem, but getting them to pay up after a Judgement is made is - UK bailiffs have no jurisdiction to seize goods in Gibralter !!!

tiggrae

sarahc5388 wrote: »

Loan Amount: £14000.00 Loan Interest: £2625.28
PPI Amount: £2335.63 PPI Interest: £437.81

First Payment: 03/05/04
Last Payment: 06/12/05

Total Paid to Date: £8082.80 Settled Figure: £10269.69
Amount Remaining: £1046.23
PPI Rebate: £1362.45
Loan Interest Rebate: £1531.41 PPI Interest Rebate: £255.39
Amount Overpaid £2103.02

PPI Reclaim Report
Number of Payments Made: 20
Amount of PPI Paid: £973.18
Amount of PPI Interest Paid: £182.42
8% Interest On PPI: £288.90
Total PPI Reclaim: £1444.50

there is no formula except very long winded calculations unfortunately. I have created something that saves me time and does it all for me now but unfortunately haven't finished it yet.




sorry! you did all the calculations for me and then i added the above about the refund - what does this do to what i'm claiming and what should i do about the overpayment - should i send anothe rletter asking them to explain this and that i want that money back as well. cheers

What was the insurance refund for ?

Kaia_2

tiggrae wrote: »

Hi Marshallka, let me know what you find out - I'm quite enraged about this, absolutely certain it's a smokescreen set up to avoid having to repay on mis selling - as to the County Court - you'de need to prove it was Freedom who sold the product to you - this should be easy enough through a SAR - but be aware if you do start proceedings against Freedom their solicitors will attempt to have the claim struck out as being nothing to do with them !!!

It is certainly confusing the way they work.....like Marshallka, we responded to the FirstPlus (Carol Bl**dy Vorderman) advert on the telly .....but it was Freedom Finance who set up the loan and PPI with the lender being GEMoney.
Luckily for us , Bespoke were not involved, I really feel for Marshallka because this is far from straight forward and you can sense from her posts how upsetting and frustrating this is for her.
I have sent you a pm Marshallka with the details of the guy from Channel 4 news who messaged me, if you want to contact him.
Maybe bringing it to the medias attention will help you get it sorted.

I sent him my telephone number and am expecting a call hopefuly this afternoon....how exciting !:rotfl: