PPI Reclaiming discussion Part II

marshallka

di3004 wrote: »

Phew.......:rolleyes: , just been scanning documents to my computer for the FSCS, all done and sent now.
Its only underwriters paperwork but they do state the name of the firm who dealt with the policy. (Twopart/Eloan), hopefully this will be okay because I have nothing else.

Been outside doing the beech hedge with electric clippers and tripped the leckie by going through the wire. Hubby will be please but it will be ok as he is an electrician. Another job for him;)

Two years ago my son did it and went through his finger (Yuck!!!). Still not got proper use of it now. He swept this time and i cut. He has nightmares looking at it. I was being so careful and then reached over for a little niggly bit and bang...
I was lucky really as it tripped...:eek:

Morgan69

Hi all you clever people.
Firstly, I won a PPI claim with Yorkshire Bank :T. Balance reduced by 3800 and I got 600 in me sky rocket.

Right on to my other two loans I thought, 1 with Yrokshire and a very very messy one with A&L (when you say A&L really fast it sounds like anal hehe, which would make it a very messy anal.....anyway).

Yorkshire bank declined saying my loan was taken out in the branch (which it was) and the member of staff who set up the loan for me recalls going through the PPI with me and the PPI suited me at the time, almost 6 years ago!!

Should I challenge this? I'm not so confident now as I can remember who it was.

A&L ingored my letter, so i sent it again. Now here is where it gets messy.

My loan is a joint one, with an Ex Partner. We took out the loan in Jan 04.
we broke up :beer: , we continued to pay half each no problem. Then in Oct 2006, she went IVA :mad: and assured me with calls from her IVA Company I need not worry just keep paying 51% of the monthly payments as she has had a repayment of 49p in every pound agreed. OK I thought :rolleyes: . Then I got a letter asking for the full balance to be paid :eek:. I called and explained what was happening and they said they haven't received any payment from the IVA and could not tell me what was being paid or when, as it was still in the first month of Her IVA they said it could take a while to filter through, so I paid what I could, OK I thought. we are now here in Sept 08, the account has slipped further and further into arrears. I get a call every 6 months asking to speak to Ex (which as far as I was aware they are not allowed to do, but still do) and I go through the whole thing from the start every time :mad:.

Here is the Kicker:- The PPI covers Her Only!! therefore pointless. I can not cancel the PPI as the account is in arrears and only she can cancel it. The PPI was an upfront added on the start job too.

I need help, lots of it.

I have sent the first letter again. This time I will follow it up with the Step 2 letter after 8 weeks if no responce.

I understand I am responable for the loan, I do not know how to play this with regard to monies being paid from her IVA to the Loan.

any thoughts, sugestions, advice, help would be much appreiciated.

di3004

marshallka wrote: »

Been outside doing the beech hedge with electric clippers and tripped the leckie by going through the wire. Hubby will be please but it will be ok as he is an electrician. Another job for him;)

Two years ago my son did it and went through his finger (Yuck!!!). Still not got proper use of it now. He swept this time and i cut. He has nightmares looking at it. I was being so careful and then reached over for a little niggly bit and bang...
I was lucky really as it tripped...:eek:

"Ouch".......:eek: :eek:
Poor you and your son.......:rolleyes: , hope you both okay now then hun.;)

You have been very busy ?;)

di3004

Morgan69 wrote: »

Hi all you clever people.
Firstly, I won a PPI claim with Yorkshire Bank :T. Balance reduced by 3800 and I got 600 in me sky rocket.

Right on to my other two loans I thought, 1 with Yrokshire and a very very messy one with A&L (when you say A&L really fast it sounds like anal hehe, which would make it a very messy anal.....anyway).

Yorkshire bank declined saying my loan was taken out in the branch (which it was) and the member of staff who set up the loan for me recalls going through the PPI with me and the PPI suited me at the time, almost 6 years ago!!

Should I challenge this? I'm not so confident now as I can remember who it was.

A&L ingored my letter, so i sent it again. Now here is where it gets messy.

My loan is a joint one, with an Ex Partner. We took out the loan in Jan 04.
we broke up :beer: , we continued to pay half each no problem. Then in Oct 2006, she went IVA :mad: and assured me with calls from her IVA Company I need not worry just keep paying 51% of the monthly payments as she has had a repayment of 49p in every pound agreed. OK I thought :rolleyes: . Then I got a letter asking for the full balance to be paid :eek:. I called and explained what was happening and they said they haven't received any payment from the IVA and could not tell me what was being paid or when, as it was still in the first month of Her IVA they said it could take a while to filter through, so I paid what I could, OK I thought. we are now here in Sept 08, the account has slipped further and further into arrears. I get a call every 6 months asking to speak to Ex (which as far as I was aware they are not allowed to do, but still do) and I go through the whole thing from the start every time :mad:.

Here is the Kicker:- The PPI covers Her Only!! therefore pointless. I can not cancel the PPI as the account is in arrears and only she can cancel it. The PPI was an upfront added on the start job too.

I need help, lots of it.

I have sent the first letter again. This time I will follow it up with the Step 2 letter after 8 weeks if no responce.

I understand I am responable for the loan, I do not know how to play this with regard to monies being paid from her IVA to the Loan.

any thoughts, sugestions, advice, help would be much appreiciated.

Hi there.;)

Sorry to hear of these problems hunni, it must be a difficult time for you .

Firstly let me say Well done on winning on one of these claims.:beer: , that's a good start.

Now Yes I see what you mean of things start getting messy.
I am no expert in this but in my opinion your ex partner should have made you aware of going IVA, but like I said that is only my personal opinion.

I am sure someone will come along here and advise you of your best options here, and it will get sorted and at least you are doing something about it.;)

If you have any claims that you think you have been mis sold with then there is no harm done in trying to reclaim this back, so yep get a letter in.

Keep checking on here and refreshing the page now and again, where someone will get back to you about the other issue.

Good luck here, hope this resolves soon.

Di.
x

di3004

Wow this reply was so quick from the FSCS, haven't long sent what they requested for further evidence, sent by attachment email, here is the reply:

Dear Mrs

Thank you for your email.

I have now forwarded it to the relevant team.

Yours sincerely


Senior Claims Officer

mops2311

dont know what to do son got a car from welcome finance nolonger has the car but still paying for about another 16 months not sure if should claim ppi should be almost paid up but missed few months payments

di3004

mops2311 wrote: »

dont know what to do son got a car from welcome finance nolonger has the car but still paying for about another 16 months not sure if should claim ppi should be almost paid up but missed few months payments

Hi Mops.
If you think your son was mis sold the ppi then yes by all means reclaim, send the firm a complaint letter.

There is one on this site check this out below:;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
There is a reclaim template on that link too.

There are many reasons why this may have been mis sold.

Did your son know he had this ppi when he had taken the policy ?

Was he working when taking this ?

Did they add this to the loan ?

And when did he take out this product ?

Thanks.

Di.
x

marshallka

tiggrae wrote: »

these figures are a bit rough - but I worked out the ppi element was about 24% of the total - therefore 24% of £14112 (168 x 84) = £3386.88

you paid approximately 18 payments of £40.32 (24% of 168) which totalled £766.08

so 3386 - 766.08 - the rebate of 1461.93 = £1158.15

therefore you paid 766.08 + 1158.15 = 1924.23 - the statutory interest against all that comes to 681.63 - totalling £2605.86

in response to your PM - not yet , but got 3 in at the moment, all 3 are awaiting adjudication, but they've passed the initial 2 stages of administration and case worker - which is where they would normally be rejected - so fingers crossed

Tiggrae, just trying these calcualtions out and cannot find out where you get PPI element of 24% as i work it like 31% being 2588.84 divide by 8100.00 being 31%. Tell me how you actually work out the PPI element percent and then i think i have sussed the claims thingy..

Is it worked out this way because the PPI is always five years and the loan being seven???

Just tell me if the actual amount of the PPI element (not being rough here so i can see if I am right is 22.3% ???) This is if the five year thing comes into it as I said above.

mops2311

yes he was working took it out in jan 06. he thinks they told him about the ppi but not sure just wanted a car didn't think about the money.was 21 yrs old had job and could pay the £200 or so

di3004

mops2311 wrote: »

yes he was working took it out in jan 06. he thinks they told him about the ppi but not sure just wanted a car didn't think about the money.was 21 yrs old had job and could pay the £200 or so

Right then thanks okay.

If you check out that link I added on my last post to you, maybe you could check this list of mis selling and see if anything occurs to your son.

Maybe with him being that young they just taken advantage of him with the ppi.
Add as much as possible to the letter, make it stong, then if he wins this case this may even wipe out what he still owes.;)

Perhaps you could double check with your son if they explained this cover to him, and if not then he may have a case here.
These finance companies can be crafty with not telling the customers that the ppi is added to the loan, which can prove to be very costly indeed, and of course the interest on top of that too.
If this is the case with your son then he has been mis sold straight away.

The more you add the better that occurs to your son.

If he gets no luck, get back to us because most first letters are fob off's.

Good luck!

Di.
x