PPI Reclaiming discussion Part II

marshallka

stvgrsty wrote: »

Hi All, sorry to jump in! (New Today) My ppi reclaim started last November with all the templates flying back and forth between myself, Loans.co.uk (who brokered the loan) and GE Money (Lender). £25K over 25 years to allow home modernisation before selling. After reading MSE post looked back to check paperwork and guess what? £3800 PPI which would cost me over £9K if the loan went its full term (it didnt, only 22 months) After templates were sent I went to FOS in February and after many letters stating we are waiting to place your complaint with a caseworker, finally received a letter last week stating that the FOS adjudicator had reached the conclusion that we wouldnt have taken out ppi if we had all the facts. She recommended they refunded all costs incured by ppi and 8% interest! Loans.co.uk simply stated in reply we had signed the loan agreement etc and could the case go to an ombudsman! No evidence or anything (phone calls etc) so I am waiting for the case to be heard by an ombudsman and cant stop biting my nails thinking how much if any will I get back?
Hang in there, I hope its worth it!!
Steve

Just like Laini then. Good luck. I am sure you will win. Keep us updated.

stvgrsty

Thanks for the support last night, got too tired!
My £25K loan was over 25 Years, and the interest rate was 9.0% with the PPi added the total loan was over £29K, the loan ran for 22 months and my repayments were £221.00 per month. If my PPI cost £3800 how do I work it all out including the extra 8% the FOS adjudicator said I should get back?????? When I paid of the loan the settlement figure was an astronomical £36K!!!!!!!!
Help:rolleyes: (cant help thinking!)

Laini

stvgrsty wrote: »

Thanks for the support last night, got too tired!
My £25K loan was over 25 Years, and the interest rate was 9.0% with the PPi added the total loan was over £29K, the loan ran for 22 months and my repayments were £221.00 per month. If my PPI cost £3800 how do I work it all out including the extra 8% the FOS adjudicator said I should get back?????? When I paid of the loan the settlement figure was an astronomical £36K!!!!!!!!
Help:rolleyes: (cant help thinking!)

loan=70,000.00 PPI = 17149.00 total 87,149.00
this is how they worked out my FIRST PLUS redress

[FONT=Tahoma, Arial]To clarify the details of the redress as set out in Mr Meredith's letter:

a) Settlement figure paid including PPI and rebate £83,759.78
of £4,121.10
Total premiums paid including cost of PPI £8,390.90
Total = £92,150.68

b)Settlement figure assuming no PPI taken £70,614.02
Total premiums paid assuming no PPI taken £6,740.22
Total = £77,354.24

c)Difference between a and b = £14,796.44
8% interest on £14,796.44 = £591.85
Total = 15388.29 [/FONT]these are the figures I received from FIRST PLUS
HOPE IT HELPS x

clairestuart

:money: i have recently wrote to welcome finance to reclaim my ppi and much more that they put on to loans when they sell u it.. we were never told u didnt have to take any of it out it was just added and we didnt see it till a few months later.. has any1 else claimed back off them??? will post when i get reply x

marshallka

clairestuart wrote: »

:money: i have recently wrote to welcome finance to reclaim my ppi and much more that they put on to loans when they sell u it.. we were never told u didnt have to take any of it out it was just added and we didnt see it till a few months later.. has any1 else claimed back off them??? will post when i get reply x

If you enter welcome finance into the search this thread at the top of the page then you will see others who have claimed or are claiming. Let us know if you need any more help when you get a reply etc. Good luck

di3004

Hi there folks, I'm late signing in today....;) , lots on.:rolleyes:

Anyway, now going back to Endeavour, I was thinking what Tiggrae said a few pages back, I could go to these on the unfair settlement, as it was calculated by these when settled as lender who click arranged.

Now just to double check the FOS will not look at the complaint:rolleyes: if not covered by the FSA, but because its Click I will be complaining to of the mis selling, it will be about the rebate on Endeavour, am I correct in saying the FOS will look at the unfair rebate side of things even if Endeavour were not covered ?

I know Tiggrae also left a link on one of these pages somewhere, this is about about unfair settlements etc in 2005, will try to seek it, but if anyone else knows where this is, please could you let me know, thanks folks.;)

Di.
xx

wayne

hi i,m just filling in the template letter to try and claim back the ppi on a loan i had with liverpool victoria 3 years ago.at the top of the letter where it says account number.do i put the loan agreement number or the ppi policy number?sorry for being a bit thick.:D

di3004

wayne wrote: »

hi i,m just filling in the template letter to try and claim back the ppi on a loan i had with liverpool victoria 3 years ago.at the top of the letter where it says account number.do i put the loan agreement number or the ppi policy number?sorry for being a bit thick.:D

Hi Wayne lol, that's what we're here for hunni, if I were you I would add both loan and PPI account numbers, just state what they are for eg:
Loan account no:
PPI account no:

Hope this helps and just to let ya know I won my loan-ppi claim with these (LV) just recently, no arguments, it taken just a few short weeks.;)
Hope you get the same luck.;)

Di.

ANY_CHANCE

Hi hope you are all well,

I havnt posted on this thread for a while as i am waiting to hear from FOS re first plus unfair rebate

I am also waiting for halifax to write back re my second letter of complaint on single premium ppi they wrote on 12th june to say they will reply when they have investigated (again!):rolleyes:

That gives them till the end of this week is that correct?

marshallka

ANY_CHANCE wrote: »

Hi hope you are all well,

I havnt posted on this thread for a while as i am waiting to hear from FOS re first plus unfair rebate

I am also waiting for halifax to write back re my second letter of complaint on single premium ppi they wrote on 12th june to say they will reply when they have investigated (again!):rolleyes:

That gives them till the end of this week is that correct?

Let us know and keep posting. Gone quiet on here with the kids being off school and holiday time.