PPI Reclaiming discussion Part II

marshallka

sarahc5388 wrote: »

Hi all, been very busy I see. So any ideas if i can do anything about the PPI on the overdraft? started in 2000 and cancelled in Jun. Surely there must be something I can do! (apart from sending them a !!!! in a jiffy bag of course) All ideas and suggestions greatly received!

I take it that you saw tiggraes response (post 4787) to it before. She has said the county courts as an option.

marshallka

Just had a letter from FOS about my co-op claim and that it is awaiting an adjudicator now. (yawn yawn...) I just hope its one way or another by Christmas time.:D

tiggrae

sarahc5388 wrote: »

Hi all, been very busy I see. So any ideas if i can do anything about the PPI on the overdraft? started in 2000 and cancelled in Jun. Surely there must be something I can do! (apart from sending them a !!!! in a jiffy bag of course) All ideas and suggestions greatly received!

County court is your only way now - there is the risk of them trying to get it statute barred, if so you can request the court look at it under Section 14 of the Statute of Limitations Act 1980 as you have suffered negligence - there is no precident set but under case law you can ask the Judge to remove the time limit as you suffered economic loss and were not in a position to know you had been negligently mis representated to

tiggrae

**AquariausAngel** wrote: »

Hi tiggrae, hope you are well?

Just thought I would let you know MINT offered me the rest of my charges yesterday and are sending me a cheque for £77 in respect of credit card charges - I asked for £101 including interest and they have paid up £95.05 in total - I'm glad I persevered! :j

Good Luck to all of you claiming back YOUR money - keep trying as I did - it only took 2 months and I got the lot back! (Well barr £6 odd - but who cares!! :rotfl: )

Just got to get onto Barclaycard now..........!!

glad you carried on !!! :T

tiggrae

MTAJ wrote: »

Thank you for the reply, I got the loan in sept 07 from a company called Blemain I dont think I could say it was misold. They didnt say I couldnt have the loan without the policy so im not sure what to do with this. It covers me for 3 years out of 5 but you still pay for 5 years and its a lot of money for that two years Can I do anything about it being this loan when the interest is calculated upfront?

There are anumber of things they should have told you under the FSA's Insurance Conduct of Business Rules that all brokers/lenders must comply with since Jan 05. Section 4.3.6 sets out things the broker should consider when advising or giving information to a customer and one of these is COST. As monthly premiums are invariably cheaper this should have been drawn to your attention. When FOS upholds a complaint it will cite against single premium PPI, "failure to provide a monthly alternative".

laurajane79

Hi

Having received a successful claim response from HBOS (£5,052!) I have read and re-read the letter sent and have a slight concern...

As the loan is still current, they've advised they'll need to arrange a new loan for the amount outstanding, minus the PPI.

Do they have to honor the original rate, or will they slap on a higher one (scoring will be lower than 5 years ago).

Anyone else had this issue?

Thanks in Advance,
Laura

tiggrae

laurajane79 wrote: »

Hi

Having received a successful claim response from HBOS (£5,052!) I have read and re-read the letter sent and have a slight concern...

As the loan is still current, they've advised they'll need to arrange a new loan for the amount outstanding, minus the PPI.

Do they have to honor the original rate, or will they slap on a higher one (scoring will be lower than 5 years ago).

Anyone else had this issue?

Thanks in Advance,
Laura

It has to be a rate equal if not better then the loan was originally under

laurajane79

tiggrae wrote: »

It has to be a rate equal if not better then the loan was originally under

Thats a relief - I had visions of the interest doubling and being no better off!
You've put my mind at rest. Will wait for the letter advising the new installment + rate which should arrive within 14 days.

Many thanks for your help,
Laura

di3004

FSCS form posted, recorded delivery, even though it was pre-paid at first class it did not cost much to do this.

Anyway, I'm going to add the tracking number in case I mis lay this.;)

DV 1154 2619 4GB

Fingers crossed it should reach the department by tomorrow.:D

Di.
x

laurajane79

di3004 wrote: »

FSCS form posted, recorded delivery, even though it was pre-paid at first class it did not cost much to do this.

Anyway, I'm going to add the tracking number in case I mis lay this.;)

DV 1154 2619 4GB

Fingers crossed it should reach the department by tomorrow.:D

Di.
x

Good Luck Di!