PPI Reclaiming discussion Part II

marshallka

di3004 wrote: »

Not PPI related now but I expect the main of us watch the Xfactor......:D , someone had mentioned that "Diana" sounds like the one from "The Cranberries", so I had a listen and I think so too:
Here:

http://uk.youtube.com/watch?v=BPLXJAWUnwI

Yes, she does. I want her to win...:D

diso

Copy of my PPI problems.

In 2003 I took out a loan with HFC in order to pay-off another debt, this has turned out to be the worst mistake of my life.

The loan was for £5,800, repaying £9,052. However they also sold me PPI costing me another £2,000 over the period of the loan.

In 2005 I wanted to loan another £1,000. I came out of my meeting with HFC with the money, and thinking that I would have paid everything off by 2009. I'm now told I will finish paying in 2011 as the second loan was not for £1,000. They loaned me money to pay off the first loan, and the added PPI too.

Key Facts:

When taking out the first loan, as well as PPI they sold me insurance with Hamilton Insurance at £14.95 per month. I've recently cancelled this payment and tried to find out what the insurance covered. Hamilton have changed hands and I was told they had no idea what the £14.95 was for. When I cancelled they direct debit for it I got a letter telling me my accident cover was cancelled. On my original paperwork for the first loan the page that mentions Hamilton says that it covers Life, Accident, Sickness and Unemployment. The way I figure it is that with this £14.95 I therefore didn't need PPI on the loan.

I have no paperwork for the second loan. It appears that when I took it out the copy of the loan agreement that I was given was in fact just another copy of the first loan. I have asked HFC twice via the phone and once at their office for copies of the loan agreement, but haven't been given a copy, so I'm unsure of the full details of the loan.

In total (although without full details of the second loan I cannot be exact) they have hit me for £1,959 in PPI on the first loan, loaned me aprrox £1,000 in the second loan to pay off the PPI on the first. Hit me for around £4,000 of PPI on the second loan.

My questions are:

Should I chase up the details of the second loan, or just get my PPI reclaim letter in ASAP?

Do I need to send in two PPI letters as they have sold me two lots of PPI?

A largel part of the second loan was loaned to me to pay off the PPI of the first loan. Do I have any chance of getting that back?

Thanks in advance for any help/advice.

di3004

diso wrote: »

Copy of my PPI problems.

In 2003 I took out a loan with HFC in order to pay-off another debt, this has turned out to be the worst mistake of my life.

The loan was for £5,800, repaying £9,052. However they also sold me PPI costing me another £2,000 over the period of the loan.

In 2005 I wanted to loan another £1,000. I came out of my meeting with HFC with the money, and thinking that I would have paid everything off by 2009. I'm now told I will finish paying in 2011 as the second loan was not for £1,000. They loaned me money to pay off the first loan, and the added PPI too.

Key Facts:

When taking out the first loan, as well as PPI they sold me insurance with Hamilton Insurance at £14.95 per month. I've recently cancelled this payment and tried to find out what the insurance covered. Hamilton have changed hands and I was told they had no idea what the £14.95 was for. When I cancelled they direct debit for it I got a letter telling me my accident cover was cancelled. On my original paperwork for the first loan the page that mentions Hamilton says that it covers Life, Accident, Sickness and Unemployment. The way I figure it is that with this £14.95 I therefore didn't need PPI on the loan.

I have no paperwork for the second loan. It appears that when I took it out the copy of the loan agreement that I was given was in fact just another copy of the first loan. I have asked HFC twice via the phone and once at their office for copies of the loan agreement, but haven't been given a copy, so I'm unsure of the full details of the loan.

In total (although without full details of the second loan I cannot be exact) they have hit me for £1,959 in PPI on the first loan, loaned me aprrox £1,000 in the second loan to pay off the PPI on the first. Hit me for around £4,000 of PPI on the second loan.

My questions are:

Should I chase up the details of the second loan, or just get my PPI reclaim letter in ASAP?

Do I need to send in two PPI letters as they have sold me two lots of PPI?

A largel part of the second loan was loaned to me to pay off the PPI of the first loan. Do I have any chance of getting that back?

Thanks in advance for any help/advice.

Hi there
I have just signed back in, I will read through your post now and get back to you.:D

Welcome here anyway.:beer:

Di.
x

di3004

diso wrote: »

Copy of my PPI problems.

In 2003 I took out a loan with HFC in order to pay-off another debt, this has turned out to be the worst mistake of my life.

The loan was for £5,800, repaying £9,052. However they also sold me PPI costing me another £2,000 over the period of the loan.

In 2005 I wanted to loan another £1,000. I came out of my meeting with HFC with the money, and thinking that I would have paid everything off by 2009. I'm now told I will finish paying in 2011 as the second loan was not for £1,000. They loaned me money to pay off the first loan, and the added PPI too.

Key Facts:

When taking out the first loan, as well as PPI they sold me insurance with Hamilton Insurance at £14.95 per month. I've recently cancelled this payment and tried to find out what the insurance covered. Hamilton have changed hands and I was told they had no idea what the £14.95 was for. When I cancelled they direct debit for it I got a letter telling me my accident cover was cancelled. On my original paperwork for the first loan the page that mentions Hamilton says that it covers Life, Accident, Sickness and Unemployment. The way I figure it is that with this £14.95 I therefore didn't need PPI on the loan.

I have no paperwork for the second loan. It appears that when I took it out the copy of the loan agreement that I was given was in fact just another copy of the first loan. I have asked HFC twice via the phone and once at their office for copies of the loan agreement, but haven't been given a copy, so I'm unsure of the full details of the loan.

In total (although without full details of the second loan I cannot be exact) they have hit me for £1,959 in PPI on the first loan, loaned me aprrox £1,000 in the second loan to pay off the PPI on the first. Hit me for around £4,000 of PPI on the second loan.

My questions are:

Should I chase up the details of the second loan, or just get my PPI reclaim letter in ASAP?

Do I need to send in two PPI letters as they have sold me two lots of PPI?

A largel part of the second loan was loaned to me to pay off the PPI of the first loan. Do I have any chance of getting that back?

Thanks in advance for any help/advice.

Hi there again.

Right hun, I just want to make sure here now:

Do you still have the copy of the agreements of both loans ?

If not request for these and a written breakdown of all calculations of the first loan going into the 2nd loan.

They may be able to provide these to you free of charge, or you may have to pay I think its just a £1 for these.

A reclaim letter can be sent to cover both of these loans, you just add the 2 account numbers, and they should investigate this for you.

I will add a link here for you like I do with all requesting a template reclaim letter for this,
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

This link will also give you an idea of what reasons you may have beem mis sold PPI with altogether, now add you own reason in your letter and any information you feel that will help your reclaim that is not added on the template.

You will find the template on the above link.

They have 8 weeks to get back to you and if you receive a knock back letter first time, please post back here, so we can get sorting out some extra information for your 2nd letter, you should then receive the final decision letter from them, hopefully it will be successful, but if not after receiving the final decision, it can then be taken to the Financial Ombudsman Service (FOS), but we will not deal with that yet until you know the outcome of this first.

Please feel free to ask anything at any time, there is always someone here to help guide you through this, every step of the way.;)

Hope this helps, but like I said post anytime, your very welcome.

PS, still continue with the letter for as soon as possible, everything else can be dealt with later.

Di.
x

lumphead

hello
can anyone help me please?
i am trying to reclaim ppi from the hsbc,i have my letter ready to go but have no idea what address to send it to.
thanks to anyone can help.

di3004

lumphead wrote: »

hello
can anyone help me please?
i am trying to reclaim ppi from the hsbc,i have my letter ready to go but have no idea what address to send it to.
thanks to anyone can help.

Hello there

I shall have a little looksie now and get back, keep an eye on this post, I will edit and come back in.:D

Okay I'm back in, here I found 2, hopefully someone could confirm this, but I think it may be the 2nd one, but make sure first.

The Manager,
Service Quality Team,
HSBC Bank plc,
Arlington Business Centre,
Millshaw Park Lane,
Leeds,
LS11 0PP.
0800 881 155
[EMAIL="servicequality@hsbc.com"]servicequality@hsbc.com[/EMAIL]

write to HSBC registered office at:

HSBC Bank Plc
8 Canada Square,
London,
E14 5HQ

lumphead

blimey that was quick
thankyou very much for your help
lee:T

di3004

lumphead wrote: »

blimey that was quick
thankyou very much for your help
lee:T

Lol, with pleasure Lee, also pm'd ya too in case you accidentally missed this lol.......:D .

Good luck hun, and if you require any help here just give us a yell, even if its to the next step.;)
Di.
x

di3004

marshallka wrote: »

Yes, she does. I want her to win...:D

She is lovely isn't she, and I think she is one of my faves......;)

di3004

lol, okay again not ppi related but this makes me feel a lot better.....:D

http://eleven.aol.co.uk/stars-with-no-make-up/article/20081007231709990002?gid=23&country=uk