PPI Reclaiming discussion Part II

busbyh

marshallka wrote: »

Just a quick reply as i need my bed but i would try to addapt the letter to your own words as i received my SAR from Firstplus and they had noted on their notes that i had sent in a template letter. Think of all the reasons that this was missold and most of all if it was a single premium front loaded policy and also if it only covered 5 years of the loan and not the full term. Also look at the terms of the PPI policy and these are not fair in that they say that the rebate on cancellation is going to be not in proportion of what you have paid. Go for the misselling but state it in your words would be my advice. Tell them that you did not know that you would be paying interest on the policy for the full term of the loan also when the ppi policy had finished.

Keep on and don't give up as this complaint is one that is within the jurisdiction of the FOS although the waiting list is a loooong one but worth it in the end.

Good luck

I agree, re word it to suit your situation.
On my original document it only stated the amount of the PPI- Total of PPI £8732 inc £209.58 IPT-no mention of the amount it could cost ,yet on a copy I requested from Picture it stated The single premium payable is £9980 including premium tax (IPT) of £239.52,then goes on to say it could potentially cost £16,155 over the period of the loan. I requested a copy of my original document as I had mis laid it. Fortunately for me, I came across the original and scrutinised the two. I am just keeping fingers crossed we have them on this part alone. There are other areas e.g It was an advised policy, it states on my copy 'We recommend you purchase the PPI.' Also pre-existing medical conditions, were not asked about.

busbyh

di3004 wrote: »

Brilliant, was this one regarding picture finance ?;)

Yes it is Picture. Keep you posted as soon as I hear anymore.

di3004

busbyh wrote: »

Yes it is Picture. Keep you posted as soon as I hear anymore.

Cool, because the FSCS have already confirmed they have gone into default.

Will keep it all crossed.

I am still waiting to hear if the loan company Eloan have been confirmed into default yet by the FSCS, although they have been good enough so far keeping me dated by email.;)

Application form went into the FSCS a few weeks ago, but I know its only been the last few months that they have liquidized.

Good luck hun !
Di.
x

Bluemoon

marshallka wrote: »

So its less than a month ago and you should have 30 days to cancel it??[/quote

Sorry it was Aug 07

marshallka

Bluemoon wrote: »

marshallka wrote: »

So its less than a month ago and you should have 30 days to cancel it??[/quote

Sorry it was Aug 07

Wait now until the 18th September and see what they say and if they say no then write again to state you are now going to take this matter to the FOS. This is something that the FOS will have jurisdiction over.

You have to give them 8 weeks from your first complaint and have a final response too before you can take this to the FOS.

pinknico

di3004 wrote: »

Cool, because the FSCS have already confirmed they have gone into default.

Will keep it all crossed.

I am still waiting to hear if the loan company Eloan have been confirmed into default yet by the FSCS, although they have been good enough so far keeping me dated by email.;)

Application form went into the FSCS a few weeks ago, but I know its only been the last few months that they have liquidized.

Good luck hun !
Di.
x

I didn't realise Picture had already been declared in default,brilliant news!

di3004

Bluemoon wrote: »

marshallka wrote: »

So its less than a month ago and you should have 30 days to cancel it??[/quote

Sorry it was Aug 07

Lol, not to worry hun, easily mistaken.:D

Hope you have some luck here then hunni, everything crossed for you.;)

Di.
x

di3004

pinknico wrote: »

I didn't realise Picture had already been declared in default,brilliant news!

Hi hunni
Well that's what I'm sure I read the other day on here unless I mis-read, maybe worth you checking on the FSCS default list update.;)

Di.
x

di3004

It is "D" day today, just waiting to see if Click compliance manager will keep his word and get back to me.....:rolleyes: .

If I have not heard by around mid-day then I am going to get back to him again !:D

marshallka

di3004 wrote: »

It is "D" day today, just waiting to see if Click compliance manager will keep his word and get back to me.....:rolleyes: .

If I have not heard by around mid-day then I am going to get back to him again !:D

I would email a little reminder this morning perhaps.