PPI Reclaiming discussion Part II

m.colak

Kaia wrote: »

OMG, What a week I have had.....I think my last post was on Sunday, I said that there were a few days left for Freedom to get their defence in and was asking mcolak what I could be doing in the meantime to prepare myself for court ( CPR18 suggested etc.)
The week started REALLY badly my dad was rushed into hospital he had a stroke and we have spent all week at the hospital.
As you know we were due to go away next week, so we put all plans on hold.
Then this morning the SAR came, well it is NOT what I was expecting at all!
A bundle of A4 sheets with less than a thrid of each sheet printed in jargon!
No telephone calls (surprise surprise)
Salesperson unknown (well luckily i still have a record of her name and the team she worked on!)
Basically its useless.

As I was reading through to see if I could make sense of anything, the phone rang and it was FF's solicitors, i was asked if I would be prepared to consider "coming to an agreement " to avoid going to court.
I said I would not consider anything less than what I am due (I think i have had such a bad week and I was still angry over everyting thats happened I was quite blunt which isnt normally like me:o )
Anyway i said my piece and he said he would "convey my thoughts to his client".

So....another afternoon of visiting at the hospital ( Dad is much better regaining use of arm and leg and is on the mend...thankfully)
When i came home ....message on answerphone..... solicitors....they have decided they would like to offer us the FULL CLAIM out of court, as a goodwill gesture, sceptically i asked if they would put it in writing and checked if the money was coming straight to us saying we would not consider it off the loan, they said yes, cash for us in 14 days or so.
But there is a rush to get it accepted as the defence would need to be in by Monday, and they would end up paying fees etc so he asked if he could email me the letter and for me and hubby to consider it tomorrow and send back an acceptance ASAP, to close the matter.

So....RESULT!:T :j :T :j :T :j :T :j :T :j :T :j

Just checking is this normal to ask via email for acceptance asap,
will they send the payment out as promised......not very trusting am I:rotfl:
Once bitten, twice shy as they say:rotfl:

Am sorry to hear about your Dad kaia i hope he recovers and gets out of hospital soon. Sending you some MSE (((Hugs))) your way.

Laini

Kaia wrote: »

OMG, What a week I have had.....I think my last post was on Sunday, I said that there were a few days left for Freedom to get their defence in and was asking mcolak what I could be doing in the meantime to prepare myself for court ( CPR18 suggested etc.)
The week started REALLY badly my dad was rushed into hospital he had a stroke and we have spent all week at the hospital.
As you know we were due to go away next week, so we put all plans on hold.
Then this morning the SAR came, well it is NOT what I was expecting at all!
A bundle of A4 sheets with less than a thrid of each sheet printed in jargon!
No telephone calls (surprise surprise)
Salesperson unknown (well luckily i still have a record of her name and the team she worked on!)
Basically its useless.

As I was reading through to see if I could make sense of anything, the phone rang and it was FF's solicitors, i was asked if I would be prepared to consider "coming to an agreement " to avoid going to court.
I said I would not consider anything less than what I am due (I think i have had such a bad week and I was still angry over everyting thats happened I was quite blunt which isnt normally like me:o )
Anyway i said my piece and he said he would "convey my thoughts to his client".

So....another afternoon of visiting at the hospital ( Dad is much better regaining use of arm and leg and is on the mend...thankfully)
When i came home ....message on answerphone..... solicitors....they have decided they would like to offer us the FULL CLAIM out of court, as a goodwill gesture, sceptically i asked if they would put it in writing and checked if the money was coming straight to us saying we would not consider it off the loan, they said yes, cash for us in 14 days or so.
But there is a rush to get it accepted as the defence would need to be in by Monday, and they would end up paying fees etc so he asked if he could email me the letter and for me and hubby to consider it tomorrow and send back an acceptance ASAP, to close the matter.

So....RESULT!:T :j :T :j :T :j :T :j :T :j :T :j

Just checking is this normal to ask via email for acceptance asap,
will they send the payment out as promised......not very trusting am I:rotfl:
Once bitten, twice shy as they say:rotfl:

well done!
its nice to hear some good news
also hope your dad recovers quickly too
Party time me thinks_party__party_:dance::dance::dance:

Kaia_2

m.colak wrote: »

Morning Kaia I have only got twenty minutes this morning before i have a meeting so if you want to ask anything will answer now. Reference the email I would read it, put it down make yourself a coffee then re-read then re-read it again and make sure there isn't any additional clause's.

ok will do, sorry to have missed you this morning, will be out all morning at he hospital but back this afternoon so cant doanthing till then anyway, not had the email yet so......
see you later:cool:

m.colak

Kaia wrote: »

ok will do, sorry to have missed you this morning, will be out all morning at he hospital but back this afternoon so cant doanthing till then anyway, not had the email yet so......
see you later:cool:

Am still here meeting only lasted 1/2 hour:D

JillN

Anne.Jade wrote: »

Tiggrae can't you do it for her from your company, least she would know she's getting someone good :-)

Am willing to pay a company if I win, I think I shoudl be entitled to the £3,000+ back and then there is interest to add on top. I think thats a great idea, if this is possible Tiggrae please contact me like quoted at least I know that everything possible would be done.
Jill

JillN

homer_j wrote: »

I probably could for free if she wanted my help....

My reason for mentioning cost is because its not right to take peoples share. I know you disagree with me but thats life. Your clients see value in something I do not.

Homer PLEASE PLEASE PLEASE help me!!!!!!!!! Any help would be appreciated, going through a rough patch with family illness and need something to go right.

homer_j_3

I will send you the details via PM.

m.colak

Kaia,

Can you tell me your details and will check figures for you with the sheet. (Just to make sure the settlement figure is what you should be expecting;) )

Don't need the information now except when your payments changed and how much each time but either way am starting to confuse myself? If you are reclaiming the PPI as mis sold then there are two scenerio's:

1. Wasn't a front loaded policy in which case:
PPI Paid to Date £758
PPI Paid Interest to Date £844.33
8% Stat Interest on PPI Paid to Date £1602.33
Total Reclaim = £3204.66

2. Was a front loaded policy in which case:
PPI £2021.33
PPI Paid Interest to Date £2251.56
8% Stat Interest on PPI Paid to Date £1760.48
Total Reclaim = £6033.37

I believe you won't have a front loaded policy in which case you should also have £2670.56 removed off the value of the loan. If it is front loaded then your loan payments won't change in anyway shape or form.

!!!!However these calculations don't include any changes in payment!!!!

marshallka

angelwillow wrote: »

Will FO take the 6-9 months just to tell you that they cannot help eg the company didn't come under their jurisdiction etc at the time?

No, i hope not. I complained first by email and got a reply of "outside our jursidiction" about 3 weeks later. I have now sent in another type of complaint (similar thing) and i have telephoned them about this. I did get a reply of "that matter is within our jurisdiction". It does not mean they can necessary help though.

clairey22

Hi all, I hope someone can advise me what to do next with my PPI claim for Lloyds.

Basically I took out a loan in 1998 which had PPI added to the total amount of credit. The PPI was 1221.1. This loan was consolidated into another loan later in the year and more PPI was added to the total amount for this loan for This PPI was 1836.18. I was not refunded any PPI from the earlier loan.

I have written two letters to Lloyds insurance using the templates on the site and first they said I was not within the time limit (incorrect as my last payment was within 6 years and I have only found out that I was mis-sold recently) in their last letter they have commented on my points that I was not asked about pre-existing medical conditions and the fact I was soon to be self employed.

They have glossed over my main complaints (that the insurance was compulsary and that the ppi was added to the loan) these points were apparently addressed in their previous letter (where they just said I wasn't within the time limit).

I am not sure what to do now. Shall I raise it with the FO? or shall I try one last letter to lloyds?

Has anyone got any tips for the letter?

I want to make the points that:

I wasn't told the insurance was optional
The insurance was added to the loan as a lump sum
the first insurance premium wasnt refunded when I took out the 2nd loan

I want to put the legal reasons why these are not allowed.

Also one of my letters said I had 30 days to cancel but the latest letter said their was no cooling off period for loans before 2002, so it sounds like they are confused themselves!

If anyone could give me any tips for my final letter to lloyds I would be really greatful.

Thanks in advance
Claire