PPI Reclaiming discussion Part II

di3004

Wow, nothing to do with reclaiming now but my mate just posted me a link, and you move your cursor and it feels like your flying........:eek: , go on have a chill........

http://www.electricoyster.com/electric3d/index.html

pinknico

Busta wrote: »

:j NEWSFLASH!!!

Hello all, well rang the FOS today and left a message for my adjudicator, anyhow i missed his call when he rang me back,and so he left a long message to say he had UPHELD all 5 of my loans, 2 currently live, and 3 paid off,(all between 2001 - 2005) and that a letter had been posted to me yesterday.

Anyhow missed the gym, just to come home,and check the mail, when i came home, a letter was there explaining that Halifax/BOS have accepted his recomedations of a FULL and FINAL settlement of my complaint and their doing it out of a goodwill gesture . PLEASE, anyhow he also attactched his full assessment of the case for my attention, which he sent to the BOS, he even gave examples of where they still added the sum knowing that i was consolidateing debt, so yes im way over the moon.:beer:

the only thing im thinking about now is the calacualtions, and how i will be compensated?!?

As i cant see no figures on here, is it safe to send this back to him, and then wait to see what the figures will be and how?????:rotfl:

thank you all.xxx

Congratulations.:T :beer: :j

emmalaw_2

Hi
Advice and a chance to rant a little please !!!
I have been "done" by charges, PPI, the lot and although I gave it all a good go to pay it all off they just kept banging more and more charges on top, I now have debts of £30,000 to clear on a debt management plan. Because all my debt was with HSBC i cannot do IVA so have to keep paying for next 20 years to pay off if thats what it takes.

Before it got this drastic, i went to HSBC for help/advice in sorting the mess out. They offered more loans, i refused straight away. They then said the only option was to take out a seperate income protection plan through HSBC even tho i was already paying for PPI on cards, loans etc.
I didnt have a house or children at the time but they suggested that I pay £65.00 a month to cover myself in the event of losing my job.
Over 2 years later, it dawned on me that i didnt have anything to lose and that I was just paying to cover them not myself. I also very very angry that i went to them for help as i had more outgoings than incoming and they advised me to pay out more.!!!!!!!!!!!!!!

I wrote a letter complaining but they refused to admit they had took advantage. I dropped it.

Now im wandering if i can reclaim that money as its money i cant afford to lose

pinknico

Has any one got a reply that I can give a company that has been fined for misselling but says it only covers the year they were fined. Is this true?
I have other points but this seems absurd, they only mis sold that year none of the years before???

Also is there an argument for being sold ppi on a storecard in store by a sales assistant?

pinknico

Busta, hope you don't mind me asking but how were you mis sold, was it the same for all of them.

Busta_3

pinknico wrote: »

Busta, hope you don't mind me asking but how were you mis sold, was it the same for all of them.

Ofcourse i dont mind you asking....well they were all at seperate times, and what i would do was pay off one loan and take out another, so paying off the PPI in a lump sum, when the term had not even expired. so when i saw this site i realised i really didnt understand it, and how can BOS charge me for PPI for something i paid off early?!? that only would indicate that it was not explained to me properly.

I said i didnt understand the policy and didnt realise this was optional,and the obvious paying them off early.

hope this helps?!?

bathgatebuyer

Congratulation, Busta! Good to hear HBOS accepting that they are, on occasion, wrong and willing to do the decent thing. Fingers crossed.

di3004

emmalaw wrote: »

Hi
Advice and a chance to rant a little please !!!
I have been "done" by charges, PPI, the lot and although I gave it all a good go to pay it all off they just kept banging more and more charges on top, I now have debts of £30,000 to clear on a debt management plan. Because all my debt was with HSBC i cannot do IVA so have to keep paying for next 20 years to pay off if thats what it takes.

Before it got this drastic, i went to HSBC for help/advice in sorting the mess out. They offered more loans, i refused straight away. They then said the only option was to take out a seperate income protection plan through HSBC even tho i was already paying for PPI on cards, loans etc.
I didnt have a house or children at the time but they suggested that I pay £65.00 a month to cover myself in the event of losing my job.
Over 2 years later, it dawned on me that i didnt have anything to lose and that I was just paying to cover them not myself. I also very very angry that i went to them for help as i had more outgoings than incoming and they advised me to pay out more.!!!!!!!!!!!!!!

I wrote a letter complaining but they refused to admit they had took advantage. I dropped it.

Now im wandering if i can reclaim that money as its money i cant afford to lose

Hi there Emma.
Don't worry hun, we have all been there and this is what this forum is for.;)

Keep at them, write another complaint and threaten further action to the financial ombudsman service.

We all get these standard fob off's, so don't back down, keep going and I'm sure something will come of this in your favour.

There is a template on the front page and a list to check what is involved in being mis sold, add whay occurs to you and sent it as soon as possible.

If you need further help/info just shout here hun, one of us will be back to help.;)

All the best.
Di.
x

fairmorn308

question

can you make a claim on a loan thats still getting paid off?

di3004

pinknico wrote: »

Has any one got a reply that I can give a company that has been fined for misselling but says it only covers the year they were fined. Is this true?
I have other points but this seems absurd, they only mis sold that year none of the years before???

Also is there an argument for being sold ppi on a storecard in store by a sales assistant?

Hi hun, sorry for being a bit slack here at the moment, what exactly do you mean "has anyone got a reply that you can give a company that has been fined for misselling"? is there a specific company?;)

Yes you can also complain for being mis sold ppi on storecards etc.;)

My son will be doing this as he was a university student last term and he went into a Burtons store, offered a card, he had accepted this and did not know anything about the cover until he received his statements......:mad: .

He would not have been covered or eligible then being a student !
Its so mad, so he has nabbed me to crack on with this one now lol.....:D .