PPI Reclaiming discussion Part II

di3004

Thank you Singlep for letting us know, this will give hope to others here.;)

I have added the link, thought that may make things a little easier.
Cheers.:beer:

http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/096.shtml

tiggrae

marshallka wrote: »

tiggrae wrote: »

Mine was thrown out some months ago for the same reason. I put one in for firstplus unfair settlement and waited and was then assigned an adjudicator. The next day they sent me a letter to say that it was something they could not look into as Firstplus did not come into their jurisdiction until 2005.

Firstplus were however members of GISC in November 2001 but this never entered into the equation at all. They threw mine out so it must be a case of pick and choose as mine was for the same reason and same dates.

If its not pick and choose then why did this happen to me. Did i word it wrong or something????????????? I have all my letters here and it was definately the FSA date that they went by for me and nothing to do with GISC.

If you read this Tiggrae, what did i do wrong?? I put unfair settlement. What is the wording that people have to put on their complaint forms so they don't have it thrown out like me. Should i have put on my complaint to the FOS that this was an unfair contract term instead??? If so then i think we all need to probably study law a little here. (LOL).

Bit confused here, didn't you put your claim against first plus for mis selling?? and all the dates on the complaint were related to the mis selling date. If so, you should have made two complaints - one for the mis selling on the specific date of sale, the other for the unfair early settlement rebate, you can't make the two complaints on the same form !!!

tiggrae

marshallka wrote: »

Also something else to clear up on the unfair rebates things.

Who do you make the claim against??? Is it the lender of the money or the seller of the loan/PPI. ???

FOr misselling PPI i understand its the seller of the PPI but i was told (By Firstplus) that unfair rebate is against the lender...

Could Tiggrae please confirm any of this....

Thanks in advance

for an unfair contract term it has to be whoever you signed the ppi / loan contract with

petermb_2

marshallka wrote: »

I have read further into the claim guide and it does state that the lender can then pass the complaint onto the seller of the ppi so thats good but i wondered who this "unfair rebate" complaint is to

(I know i'm always confused - lol)

I would of thought this type of complaint was against the actual lender who loaned you the money in the first place. After all they are the ones rebating you with their rules etc. on the loan agreement and the loan agreement is actually between yourself and them and not the seller.

Petermb was someone (not seen him around so much as M colak was always reporting him i think) who wanted us all to make the loans unenforceable.

M colak is away so much lately. not heard from him for ages.

Hi, It is not that I wanted or want to make loans unenforceable or voidable. They just happen to be unenforceable or voidable. The fact that most people are unaware of why or how is not really the question.

My argurment is that those who seek to claim on their ppi only stand the risk of selling themselves short and getting far less back from the lender than they could actually be entitled to.

I made no apologies for doing this stuff for a living and the mere fact that I do this for a living ought to put me in a better position to give advice than those who have merely been successful at making a few claims for themselves.

Not detracting from anyone elses abilities whatsoever but to me, if you want some plumbing done you dont seek the help of an electrician.

tiggrae

bigalant wrote: »

Brand newbie here only registerd a few mins ago.

I am now being hasseld by a company to "help" me get my ppi payments back.They want 560pds to help me

My ppi is about 50pds a month to cover unemployment and sickness on a mortgage loan from coventry build soc of interest only at 800pds a month.
The ppi is coverd by Norwich union who must have a deal with the coventry.

Anyone know if this PPI falls under the same rules as a bank loan re many of the threads on here.
Anyone had experiance of claiming back ppi on a mortgage loan at all and even with the Coventry/Norwich combo.

comments appreciated.

Alan

The

don't let a claims management company harrass you in that way, say you'll report them to the Ministry of Justice - that's our regulator - if they're not with the Ministry of Justice then it's a scam !!! There are pleny out here that'll do it as a no win no fee basis !!!

also a ppi is a ppi whether it's against a personal loan, mortgage or credit card and you reclaim against them all in the same way

marshallka

tiggrae wrote: »

marshallka wrote: »

Bit confused here, didn't you put your claim against first plus for mis selling?? and all the dates on the complaint were related to the mis selling date. If so, you should have made two complaints - one for the mis selling on the specific date of sale, the other for the unfair early settlement rebate, you can't make the two complaints on the same form !!!

I did make two complaints but put them on the same form and then they changed it to two at their end and actually wrote that both complaints were outside their jurisdiction as the loan was taken in 2001 and ended in 2003 and that FIrstplus did not come under their jurisdiction until 2005. (although they were GISC members in 2001 )

tiggrae

marshallka wrote: »

It almost makes me wish i had a brum brum on finance now....(can't even drive though lol)

GK Group Limited, George White Motors Limited, Ringways Garages (Leeds) Limited, Ringways Garages (Doncaster) Limited and Park’s of Hamilton (Holdings)

hey I bought my first car from Ringways in Doncaster !!!

marshallka

petermb wrote: »

Hi, It is not that I wanted or want to make loans unenforceable or voidable. They just happen to be unenforceable or voidable. The fact that most people are unaware of why or how is not really the question.

My argurment is that those who seek to claim on their ppi only stand the risk of selling themselves short and getting far less back from the lender than they could actually be entitled to.

I made no apologies for doing this stuff for a living and the mere fact that I do this for a living ought to put me in a better position to give advice than those who have merely been successful at making a few claims for themselves.

Not detracting from anyone elses abilities whatsoever but to me, if you want some plumbing done you dont seek the help of an electrician.

Your argument is a matter of morals to me. I borrowed money and i really do not expect to be refunded/compensated for money that i actually had and WANTED/NEEDED at that time. I only want a fair solution to this misselling and unfair rebates thing. I personally have no objection as to whether the paperwork was a little out of touch at the time of my loan but i do want things doing fair. Myself, I would not feel right asking for the whole loan to be paid back but of course i can see the reason why some people do. Everyone to their own.

maxdp

petermb wrote: »

Hi, It is not that I wanted or want to make loans unenforceable or voidable. They just happen to be unenforceable or voidable. The fact that most people are unaware of why or how is not really the question.

My argurment is that those who seek to claim on their ppi only stand the risk of selling themselves short and getting far less back from the lender than they could actually be entitled to.

I made no apologies for doing this stuff for a living and the mere fact that I do this for a living ought to put me in a better position to give advice than those who have merely been successful at making a few claims for themselves.

Not detracting from anyone elses abilities whatsoever but to me, if you want some plumbing done you dont seek the help of an electrician.

Hi Petermb.

Have not seen you on here for ages. Nice to see you back and thank you so much for all your help and support.:D

tiggrae

marshallka wrote: »

Your argument is a matter of morals to me. I borrowed money and i really do not expect to be refunded/compensated for money that i actually had and WANTED/NEEDED at that time. I only want a fair solution to this misselling and unfair rebates thing. I personally have no objection as to whether the paperwork was a little out of touch at the time of my loan but i do want things doing fair. Myself, I would not feel right asking for the whole loan to be paid back but of course i can see the reason why some people do. Everyone to their own.

I totally agree, if you've borrowed money you should pay it back - I've lent money to people and never got it back - don't know how they can live with themselves and it really upsets me - I wouldn't be able to sleep at night - but again that's just my opinion