PPI Reclaiming discussion Part II

di3004

marshallka wrote: »

Its only two but huge amounts involved (well huge to me anyway - the co-op ones are totalling 8K without interest etc)

I would get on with your smaller ones. We had car loans but they are back to 1998 etc and not with banks so not worth claiming.

I only want these large ones sorting as this is what put us so far back.

I agree, best get them sorted out.;)

Will have to get on with these little nitty gritty ones.

I would have had more loan/ppi to reclaim on but these are going back well into the mid 90's, again with Lloyds for car loans, but as from early 2000's and up there are the 4 at least to reclaim.

marshallka

di3004 wrote: »

I agree, best get them sorted out.;)

Will have to get on with these little nitty gritty ones.

I would have had more loan/ppi to reclaim on but these are going back well into the mid 90's, again with Lloyds for car loans, but as from early 2000's and up there are the 4 at least to reclaim.

So how many have you got/ had then altogether??

And are you going for the ones in 2000 as well??

di3004

Going to get on with a bit of ironing, back later hopefully with some more claims to work on lol.:D
Bk soon.;) xxx

di3004

marshallka wrote: »

So how many have you got had then altogether??

And are you going for the ones in 2000 as well??

Nemo
Liverpool Victoria
These above sorted done and dusted.

on the go with:
Endeavour
Click
Twopart/Eloan

Then onto Lloyds with the 4 loans ppi, not sure how far to go back, think these are from 2001 + here maybe 2002+.

Then between me and hubby we have 3 in with the FOS Credit card PPI.

racheldazo

Hi can anyone give advice, wrote to m&s to ask for ppi back on a loan that i took out in Oct 2000 for £101005.51 with insurance of £2414.48 with interest totalling £3455.76, loan paid up in 2007 a few months early. I had since discovered that i had and still have alternative insurance inplace, to wrote to them and explained this, had a reply today basically saying that they are advising me that at the time i took out the loan with them they were not regulated by the Financial Service Authority. In addition they had not registered with the General Insurance Standards Council, therefore when they sold me the policy M&S acted in its capacity of an unauthorised intermediary and as such the sale does not fall within my voluntary jurisdiction.So they will not be refunding any of the insurance paid.
Do i have a case to take it to the FOS? Any comments and advice will be gratefully received. Cheers

marshallka

marshallka wrote: »

Just rang the FOS and asked whether they are looking into the ppi bit of our loan and I told him that we were going to take it the court route as it was outside their jurisdiction and they told me to hang on. Apparently it has not been assigned to an adjudicator yet but i did stress about the limitations act and he still said "hang on". I then said that Firstplus were not GISC regulated at the time and he said "they were when you still had the policy in 2003" so I now do not know what to do. They have requested everything from Firstplus that they hold about the loan and policy and are waiting for this information from them. I am so in limbo here. If i hang on and then they say "sorry we can not look at the ppi" i may be outside my limit for making a claim. They have said that it takes 6 to 9 months to settle these claims. I did mention again that we need to start court proceedings and he again said "hang on, thats why we are here". I don't trust anyone do I.

I was told when i called the FOS and when i emailed that it was outside their jurisdiction. Now they are saying to hang on.They sent a claim form out about the "settlement" as they said that was something they could look at and i added about the ppi on there. Maybe they know I don;t stand a chance and don't want me to waste any more money.

Any advice much appreciated.

Just been looking at the my past posts about Firstplus (not nothing to do with unfair rebate one) and this was what i got from the FOS going back to my Firstplus claim. I am a bit wary now with my other one as they told me with this one to hang on and made out they would look. My claim form was about settlement as you can see. First they say yes then no so just want to make anyone aware that even though they say to you that they can look into something (like again my second firstplus one for unfair rebate) they maybe cannot when it comes to the crunch. Its against Barclays trading as firstplus though now and definately within jursidcition so willjust have to wait.

chriiiiiiiis

I've had my PPI reclaim response from Barclays and they are unable to uphold my complaint for the usual reasons - Signed documents etc. I know for a fact that I was mis-sold the policy and will continue to fight.

But, I've just had a look at my loan/PPI agreement and on the section where I sign on the dotted line, it states:

"I wish to purchase Barclayloan Payment Protection ( ) please tick.
I understand that I am purchasing the product ticked above on credit provided by you and that the terms relating to the credit for the products can be found under Key Financial Information and Other Financial Information set out in this agreement.

Signature of Borrower

-My signature-

Please tick and sign in the above box to confirm that you want to proceed with your Barclayloan Payment Protection application."

I have not ticked the box. But I've signed the agreement. There is another statement on the same document which asks me to sign the Credit agreement for the actual loan. Next to both of the signature boxes, are ticks were the person who sold me the policy has obviously asked me to sign. Does this clearly show that I have only ticked the boxes where I have been asked to. Does this mean anything? Is there any hope for me?

Thanks very much in advance.

pinknico

I have just had my reply back from New Picture and it says that if I cancel my PPI (£19960) I would get £2249.67 taken off my loan reducing it by £21 a month.

This does not seem like a fair rebate. Can I ask them to send me a break down of figures and mention the FOS or is this all I can expect.
I not settling the loan so does this make adifference just cancelling the PPI.
We have paid for two years and there is three years left of insurance cover.

marshallka

chriiiiiiiis wrote: »

I've had my PPI reclaim response from Barclays and they are unable to uphold my complaint for the usual reasons - Signed documents etc. I know for a fact that I was mis-sold the policy and will continue to fight.

But, I've just had a look at my loan/PPI agreement and on the section where I sign on the dotted line, it states:

"I wish to purchase Barclayloan Payment Protection ( ) please tick.
I understand that I am purchasing the product ticked above on credit provided by you and that the terms relating to the credit for the products can be found under Key Financial Information and Other Financial Information set out in this agreement.

Signature of Borrower

-My signature-

Please tick and sign in the above box to confirm that you want to proceed with your Barclayloan Payment Protection application."

I have not ticked the box. But I've signed the agreement. There is another statement on the same document which asks me to sign the Credit agreement for the actual loan. Next to both of the signature boxes, are ticks were the person who sold me the policy has obviously asked me to sign. Does this clearly show that I have only ticked the boxes where I have been asked to. Does this mean anything? Is there any hope for me?

Thanks very much in advance.

Was this after the first letter to them as this is their usual response. You now need to send another and ask that they provide a final response. When you get this one if they still do not uphold it then you can take this to the FOS. You have to give them 8 weeks from the first letter of complaint for this final response.

Don't worry, its quite normal for them to say these things and it does not mean you have lost...

marshallka

racheldazo wrote: »

Hi can anyone give advice, wrote to m&s to ask for ppi back on a loan that i took out in Oct 2000 for £101005.51 with insurance of £2414.48 with interest totalling £3455.76, loan paid up in 2007 a few months early. I had since discovered that i had and still have alternative insurance inplace, to wrote to them and explained this, had a reply today basically saying that they are advising me that at the time i took out the loan with them they were not regulated by the Financial Service Authority. In addition they had not registered with the General Insurance Standards Council, therefore when they sold me the policy M&S acted in its capacity of an unauthorised intermediary and as such the sale does not fall within my voluntary jurisdiction.So they will not be refunding any of the insurance paid.
Do i have a case to take it to the FOS? Any comments and advice will be gratefully received. Cheers

As this is in 2000 and they were not members of the GISC then this usually is outside the jurisdiction of the FOS i am afraid. The regulation of insurance started in january, 2005 by the FSA and before that if they were members of the GISC or a Bank (certain rules can be applied to banks).

You may be able to still put a complaint in for an unfair rebate though as you only settled in 2007??
Perhaps Tiggrae would be able to answer this one better as you had the insurance in place for 7 years so most probably paid it all as most policies only last for 5. I don't quite know how this would work..