PPI Reclaiming discussion Part II

m.colak

Anne.Jade wrote: »

It's on the right under a box where you sign for the loan, you have to sign twice, once for the loan and once for the PPI

FirstPlus are crafty b*****s. I asked for copies of my conversations that took place during my applications and I've just had a letter from them today enclosing conversations where the loan and ppi had already been agreed and they were just calling to complete. These are no good to me - I want to hear how pushy they were! I'm claiming that the policy shouldn't have included life cover as I had adequate cover with my death in service but they state that they recommended the insurance based on a lack of other insurance that the PPI did cover. It's not my fault they didn't have a suitable policy!

What does anyone else think, should I keep pushing?

Yes as you should have got copies of the original phone conversation and its not include then give them one more chance stating that if they don't resolve this issue you will be contacting the information commisioner to to this breach in the Data Protection Act.

m.colak

kpwll wrote: »

I'm a bit confused ( a regular occurance) if you try and claim compound contractual interest, do you (can you) also claim the 8% statutory interest and if so is this on the total of premiums + cci or on each payment +cci? I hope I haven't confused everyone else with that, lol.

This is on a credit card.

Hi on your credit card the PPI payments will be inclusive of the interest generated to you only claim 8% on the charge from the date of the charge to the current date.

m.colak

Hi all,

I need a guinea pig to try out this application i finally finished. You need XP and XP excel to run it so any volunteers to try this app. If so pm your email and i will email you the spreadsheet. It will allow you to calculate PPI rebates whether front loaded policy or not. Also it will identify if you have overpaid on a settled loan. It also works with credit cards and PPI payments on those too. Please give as much feedback as possible as will ask martin if he wants to include it in the Reclaim site so anybody can work out how much they should reclaim if they take it to court.

Thanks

LilacPixie

Sorry M.colak, I have vista and office 2007 or i would of gladly tested it for you.

Northern_girl_2

Hi M.Colak,

They have sent me a copy of the Loan Agreement, which has a seperate page for the PPI. I my original copy that they gave me when I took out the loan in the bank but in their rush to complete I didn't sign my version while I was there so afterwards I couldn't see where I had signed.

They've also enclosed something called a Demands, Needs and Recommendations Form, which they didn't give me a copy of at the time. This basically has a load of tick boxes filled in by their advisor, which includes a yes for needing unemployment cover even though he knew I was on a temporary contact so wouldn't be covered. Further down he has ticked to say he advised I took out the cover because it included involuntary unemployment.

I signed this because I did receive the advice but didn't know the advice was innacurate!

Further down I have ticked to say I received a copy of the T & Cs and that they had explained the cooling off period (I assumed this was for the loan rather than PPI component because I wasn't informed it was optional). I don't think I was given the T & Cs and because I didn't receive a copy of this form I couldn't check it later to confirm what I should have taken away with me. Obviously I can't prove that though.

They also enclosed the T & Cs.

Is this all the information I need or will the SAR show up much else? I can't afford to send them the £10 fee for the info at the moment and loathe to wait.

Thanks for any help.

m.colak

LilacPixie wrote: »

Sorry M.colak, I have vista and office 2007 or i would of gladly tested it for you.

It will work on office 07 if you want to try

m.colak

Northern_girl wrote: »

Hi M.Colak,

They have sent me a copy of the Loan Agreement, which has a seperate page for the PPI. I my original copy that they gave me when I took out the loan in the bank but in their rush to complete I didn't sign my version while I was there so afterwards I couldn't see where I had signed.

They've also enclosed something called a Demands, Needs and Recommendations Form, which they didn't give me a copy of at the time. This basically has a load of tick boxes filled in by their advisor, which includes a yes for needing unemployment cover even though he knew I was on a temporary contact so wouldn't be covered. Further down he has ticked to say he advised I took out the cover because it included involuntary unemployment.

I signed this because I did receive the advice but didn't know the advice was innacurate!

Further down I have ticked to say I received a copy of the T & Cs and that they had explained the cooling off period (I assumed this was for the loan rather than PPI component because I wasn't informed it was optional). I don't think I was given the T & Cs and because I didn't receive a copy of this form I couldn't check it later to confirm what I should have taken away with me. Obviously I can't prove that though.

They also enclosed the T & Cs.

Is this all the information I need or will the SAR show up much else? I can't afford to send them the £10 fee for the info at the moment and loathe to wait.

Thanks for any help.

Well the problem is that you can't force them into doing anything unless you prove without doubt that they mis sold. The SAR would give the needs and demands questionnaire as well as provide with any documents and memo sent between companies in reference to your loan. I understand what you mean that you loathe to give up at £10. You only choice is to take to the FOS with your complaint and hope they will speedily look into it. If you haven't had their final decision then write back and ask is this their final position on the matter, as you are currently pursuing advice whether to take the matter to court or not (You might be considering it who knows).

kpwll

hi, m. colak & thanx for your reply, but could you please explain it as if you were talking to a maths idiot because I'm still not clear if you can claim both or not, (told you I'm confused).

Regards,

kpwll

howburn

Hi I need some help. My Wife had a car loan with Black Horse Finance before we were married and it has since been paid off in full. We have no details of the loan or the aggrement as it all got thrown out as we were so pleased to get it paid off. I think there may have been PPI on this loan. She also defaulted on one or two payments and I think she may have been charged for them. I have sent two letters to
Black Horse Limited
25 Gresham Street,
London
EC2V 7HN
one on the 29 Febuary and a reminder on the 8 april 2008, asking for all relivant details of the loan and its aggrement, and in particular to PPI and any extra charges she may have incured. I used one of the SAR letters from this site as yet we have had no reply.
what do I do now?
Thanks in advance Dave.

m.colak

kpwll wrote: »

hi, m. colak & thanx for your reply, but could you please explain it as if you were talking to a maths idiot because I'm still not clear if you can claim both or not, (told you I'm confused).

Regards,

kpwll

Ok you have paid ppi on your credit card. This payments will include a proportion of interest at the rate of the card already and therefore doesn't need any additional interest added to it.

In order to work out how much you need to reclaim on this PPI you utilise the statuatory interest calculator on the Bank Reclaims article and put each PPI charge in and it will work out the statuatory interest you can claim back.

It will also give you a total which is the Statuatory interest + the original charges and its this figure that you reclaim.

Hope this helps.