PPI Reclaiming discussion Part II

marshallka

Just sent my follow up letter to Bespoke now by email and copy by recorded delivery too. Lets HOPE they see sense.:rolleyes:

This company can either do the right thing or the courts here i come.:D and i will win if its by justice for this country.

Hiya m colak, always nice to see you back:D

m.colak

marshallka wrote: »

Just sent my follow up letter to Bespoke now by email and copy by recorded delivery too. Lets HOPE they see sense.:rolleyes:

This company can either do the right thing or the courts here i come.:D and i will win if its by justice for this country.

Hiya m colak, always nice to see you back:D

Hiya,

Just to let everyone know although i'm not on here as often as i was due to my new location. However if anybody has any calculations they want working out or any advice I can help with then just pm me and will always reply (hopefully). Good to see that the thread is still going however there's a few new face's i don't recognise. Didn't think i'd been away that long.

dazzer26

thanks m.colak thought as much will pass this on to fos when i finally get to speak to them ,do you know what the rough time scales are now for them to get in touch.

di3004

Hi folks.

Reading through some information, I note that after May 2005 that loans/PPI should be sold as a separate agreement, the one secured loan we has in November 2005 both loan and ppi were on the same agreement, any further information on this folks will be great, thanks.;)

I also recall the broker saying they are commission paid from the lender, but they did not mention the amount, but on the SAR this discloses the amount, which I will have to go through again to make sure what it what, but are they supposed to also inform you of what amount these get paid ?

Cheers;)
Di

di3004

di3004 wrote: »

Hi folks.

Reading through some information, I note that after May 2005 that loans/PPI should be sold as a separate agreement, the one secured loan we has in November 2005 both loan and ppi were on the same agreement, any further information on this folks will be great, thanks.;)

I also recall the broker saying they are commission paid from the lender, but they did not mention the amount, but on the SAR this discloses the amount, which I will have to go through again to make sure what it what, but are they supposed to also inform you of what amount these get paid ?

Cheers;)
Di

Just been given some links from a mate about this, if you don't already have information about this on these forums, let me know and I will add them, they may help others who are unaware of this issue.;)

dazzer26

hi di in the same boat as you loan taken out in feb 2006 everything on same agreement with firstplus please post links, many thanks

di3004

dazzer26 wrote: »

hi di in the same boat as you loan taken out in feb 2006 everything on same agreement with firstplus please post links, many thanks

Hi hun, here are 2 to go on with but there is another that I also read up on about from May 2005, will see if I can find it and post that one up as soon as.;)
For now this is the links my mate sent me.;)

http://www.fsa.gov.uk/pages/Library/Communication/PR/2007/102.shtml

http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=150804

Hope you fine these useful hun, will get back with that other one as soon as I find it.;)

Di.
xx

di3004

This is a part of a paragraph found here on Martin's front page.;)

About separate agreements as from May 2005.

How to tell if you have a single premium policy?
This type of policy is mainly sold with loans rather than credit or store cards. If it’s a single premium policy, the original paperwork will show the insurance as a fixed lump sum amount.
If the agreement was after May 05, you would have been asked to sign a separate agreement so you should have extra paperwork for the loan and the insurance.
It’s also noteworthy that these policies are often only valid for five years max; even if your loan term is longer, so you could get a five year policy but end up paying interest on the insurance for the full loan term! If you didn’t realise your cover only lasts / lasted for five years read the general mis-selling section for more info

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#single

This information is just over half way down Martin's page on the above link, in case anyone missed this.;)

Di.
xx

di3004

Looking again through the paperwork, now I would assume regarding from the information I added earlier about separate agreements, the payment protection should have been on a separate document than that of the loan if the sale taken place after May 2005.
In my case and many others it doesn't seem to be the case here, mine showed the amount on one piece of paperwork for instance:

Loan amount: £43,000
PPI: £8,492.50
Total Loan: £51,492.50

The total you would pay for the cover is £18,332.24
Single Life, Single ASU Cover.

When pursuing this do you think I should also mention that the agreements should have been added on separate agreements, as this sale had taken place in Nov 2005, where in May 2005 onwards should have been the case of producing 2 separate policies etc ???

Now I was not disclosed the brokers fee amount, I only knew of the amount due to an SAR, should pursue on this do ya think folks ?;)

Thx
Di.
xx

dazzer26

thanks a lot di you never know it might help the cause