PPI Reclaiming discussion Part II

di3004

Found these links::D

http://209.85.135.104/search?q=cache:u5gSUJD-iM0J:www.fscs.org.uk/files/documents/pdfs/schbjptesoxozax.pdf+phoenix+firms+and+fscs&hl=en&ct=clnk&cd=2&gl=uk&ie=UTF-8

http://www.prnewswire.co.uk/cgi/news/release?id=136613

http://www.prnewswire.co.uk/cgi/news/release?id=187068

Check out the list of firms added on the 2nd and 3rd link.

marshallka

Pixiedust wrote: »

oping someone can help me Im new here so hoping for some advice.

I took out a loan with firstplus in 2006 which PPI was added, I complained and my complaint was upheld.

The loan was a total of: £120k including ppi which was added at the start of the loan, I was told this was essential.

They have offered me the following:

1. A full refund of the insurance premium £18000 plus interest of £3500 to be applied to my loan account.

2. A refund of PART of the monthly payments paid towards the insurance policy of £4400 (£136 a month) in a refund via cheque.

3. A refund of £500 in a total amount of 8% interest on payments made directly via cheque.


Does this sound reasonible or should I be able to argue that I could get a full refund of the PPI directly via cheque?


Thanks! Pixiedust xx

I had a look at your post on the other thread this morning. I am sure Tiggrae will be able to advise you better on this one and she will be on again so hang tight and lets hope she comes on later.:D

marshallka

di3004 wrote: »

I made sure the Click compliance manager confirmed receipt of the email sent, (on an earlier post) and he has finally confirmed receipt of this, so now we should hear within 7 days as requested.;) Hopefully anyway.;)

Dear

I confirm receipt of your email dated 22nd August.

Many thanks

Compliance Manager

Is this another email Di??

di3004

marshallka wrote: »

Is this another email Di??

Nope hun, this was the one they sent yesterday, so I thought I would email them this afternoon as I wanted it confirmed that they had received my email sent yesterday along with the attachment copy of the letter that was sent to the director in July, the one that should have been invesigated by the director himself.
I will keep on though, so now at least they know they only have 7 days, even though I note he is confirming todays date and not that of yesterdays......:rolleyes: .

May need a hand what to write in the next email.....:rolleyes: .

(arh now I see what your asking lol, you mean did I send them another email today (complaint) ? well yes only to request the above lol, does that make any sense lol ?

FEDUPROOFER

:mad: BOUGHT A BIG TV AT XMAS 2004 COST £1.600 INTEREST FREE FOR 12 MONTHS, DIDNT PAY IT OFF IN 12 MONTHS SO INTEREST WAS APPLIED (fair enough) HAVE JUST REALISED THEY STUCK ON PPI WHICH I DIDNT REQUEST AND I HAVE PAID OVER £4.000 CANCELLED THE DIRECT DEBIT AND FIRED OFF A LETTER FROM THE TEMPLATES ON THE SITE.
CHEEKY BLEEDERS NOW DEMANDIND THE OUTSTANDING BALANCE BE PAID OR EXRA CHARGES WILL BE INCURRED. HFC BANK I WILL BE REPAID

marshallka

FEDUPROOFER wrote: »

:mad: BOUGHT A BIG TV AT XMAS 2004 COST £1.600 INTEREST FREE FOR 12 MONTHS, DIDNT PAY IT OFF IN 12 MONTHS SO INTEREST WAS APPLIED (fair enough) HAVE JUST REALISED THEY STUCK ON PPI WHICH I DIDNT REQUEST AND I HAVE PAID OVER £4.000 CANCELLED THE DIRECT DEBIT AND FIRED OFF A LETTER FROM THE TEMPLATES ON THE SITE.
CHEEKY BLEEDERS NOW DEMANDIND THE OUTSTANDING BALANCE BE PAID OR EXRA CHARGES WILL BE INCURRED. HFC BANK I WILL BE REPAID

HFC have been fined already and there is a class action against them, details below
http://latestnews.virginmedia.com/news/money/2008/05/07/class_action_for_mis_sold_insurance

What was the actual date the PPI was applied? Was it applied after the 1st 12 months in that it was December 2005??? If it was applied after 14th January, 2005 when the FSA took the reins on the PPI you have a good chance of going to the FOS with your complaint if they write back and say no can do.

I don't know how these interest free credit things work. Is the contract and PPI dated in December, 2004 or 2005???

marshallka

di3004 wrote: »

Nope hun, this was the one they sent yesterday, so I thought I would email them this afternoon as I wanted it confirmed that they had received my email sent yesterday along with the attachment copy of the letter that was sent to the director in July, the one that should have been invesigated by the director himself.
I will keep on though, so now at least they know they only have 7 days, even though I note he is confirming todays date and not that of yesterdays......:rolleyes: .

May need a hand what to write in the next email.....:rolleyes: .

(arh now I see what your asking lol, you mean did I send them another email today (complaint) ? well yes only to request the above lol, does that make any sense lol ?

Give me a nudge or all of us if need any help Di.:D Get your next email ready for next week...:D You wouldn't want them to forget you would you now...

marshallka

Pixiedust wrote: »

oping someone can help me Im new here so hoping for some advice.

I took out a loan with firstplus in 2006 which PPI was added, I complained and my complaint was upheld.

The loan was a total of: £120k including ppi which was added at the start of the loan, I was told this was essential.

They have offered me the following:

1. A full refund of the insurance premium £18000 plus interest of £3500 to be applied to my loan account.

2. A refund of PART of the monthly payments paid towards the insurance policy of £4400 (£136 a month) in a refund via cheque.

3. A refund of £500 in a total amount of 8% interest on payments made directly via cheque.


Does this sound reasonible or should I be able to argue that I could get a full refund of the PPI directly via cheque?


Thanks! Pixiedust xx

If they applied the refund to your loan what would happen to the loan?? Would you have to have a new loan with them and also what about the APR?? Would that stay the same too. I would wait on this one and let our expert Tiggrae advise you. You don't want to do yourself short..

It does seem that a lot of these lenders are playing at the you owe me money, i owe you money and taking one from the other here. Some do refund in a cheque even when the loan is still active i think.

di3004

marshallka wrote: »

Give me a nudge or all of us if need any help Di.:D Get your next email ready for next week...:D You wouldn't want them to forget you would you now...

Aww I will thx hunni.......:D :beer:
(went for a shower- feeling all refreshed again now):D

TwinsMum_2

Eventually got my money back from Barclays Bank for PPI on two loans, not a huge amount total around £500.00 but as Tesco say every little helps and I work for Sainsburys so I probably shouldn't say that. Sorry boss. Still going after a few for missold PPI on behalf of others and hubby and I am not giving up.