PPI Reclaiming discussion Part II

marshallka

simone83 wrote: »

I am trying to get is the extra back from the PPI which we paid back early and were charged the full policy for. Single Premuim policy.

The whole amount we paid back was £1250.00, but we only had the loan 12 months before we paid it back in full. So we are wanting a partial refund for the £1250.00 PPI minus the 12 months of the policy that we actually had.

Am I going in the wrong direction here? I am confused now. sorry.

I have emailed, but not got a read receipt yet. Simone

So did you have two loans and one was to pay for the other like a top up??

Can you post details of the actual loan/loans? so i can look at the figures. If these were single premium polices then it would be the whole amount back and the interest too. ALso put the dates - thanks - don't worry we will sort this.

If it was missold and you and you only had the one loan then you need to just ask for the whole amount back and the interest charged on top of this for the full term of the loan. I think i am getting you now but you have probably worded it wrong.

simone83

Hi,

We only had one loan and the PPI was incoperated into this. The loan was all dealt with by Freedom finance but they chose Paragon for the money and Bespoke for the PPI.

When we paid it back we sent the whole amount to paragaon, and they forwarded on the PPI monies to Bespoke.

The loan was for £10,000.00 and we paid back £11500.00 to paragaon.

I know its difficult to get my head round, but I only had one loan, but the money came from one place and the PPI for the loan from another.

PPI - Bespoke
Loan - Paragon
Agent - Freedom finance

All we want to claim if the money for the PPI once the loan had been paid off early. should still be contacting Bespoke? Sorry for the confusion.

Simone

marshallka

simone83 wrote: »

Hi,

We only had one loan and the PPI was incoperated into this. The loan was all dealt with by Freedom finance but they chose Paragon for the money and Bespoke for the PPI.

When we paid it back we sent the whole amount to paragaon, and they forwarded on the PPI monies to Bespoke.

The loan was for £10,000.00 and we paid back £11500.00 to paragaon.

I know its difficult to get my head round, but I only had one loan, but the money came from one place and the PPI for the loan from another.

PPI - Bespoke
Loan - Paragon
Agent - Freedom finance

All we want to claim if the money for the PPI once the loan had been paid off early. should still be contacting Bespoke? Sorry for the confusion.

Simone

Let me explain how these companies work. Firstly you were sold the loan and PPI by Bespoke who assumed the role as the "brokers". Although you had dealings with Freedom they only processed this loan and PPI for Bespoke and Paragon were your lenders.

As you had a single premium policy and you say it was missold to you then you need to write and say it was "missold". Nothing about the rebate as when you state missold you are wanting back all the PPI of £1500 and interest that was charged on the PPI for the full term of the loan and also statutory interest too.

You have actually made it sound like you are unhappy with the rebate here. You have stated that you want it back for the 9 years and not the full 10 years and that you are happy to pay for the one year that you had the loan. Missold in the first place means not happy with any of it.

I would wait to see what evolves from your email now and then next time you write let us try to help with the wording a little more.

Its because you have little understanding of what a single premium policy actually is.

Lets say you had this loan of £10000 and then were charged £1500 PPI. Your actual loan that you would be paying interest on for the full term is £11500 and when you calculate what the policy actual cost you in the long run you will see just how much you were done out of. Your PPI is actually a loan on top of a loan. You would then have made repayments against this figure and the settlement figure that they gave you should have included a small rebate against the PPI. What you probably did not realise is that with your PPI being another loan you would have been charged interest on this just like your original £10K.

When they calculated the settlement figure what did you get back as a rebate against the PPI that you paid. (forget about the interest for min). What was your breakdown of the settlement figure??? How many months had you actual paid and what were the repayments etc. We need all the details here.

You need to be put back into the position as if you never had the PPI at all for misselling.

simone83

Its getting a little clearer now!
I am not sure of the breakdown of the settlement figure, will need to ask freedoom about that.
thanks for this, will get in touch with freedom for the full breakdown and get back to you. Simone

marshallka

simone83 wrote: »

Its getting a little clearer now!
I am not sure of the breakdown of the settlement figure, will need to ask freedoom about that.
thanks for this, will get in touch with freedom for the full breakdown and get back to you. Simone

Simone, make a complaint to the OFT about Bespoke if you can as they need more people to complain about this firm. Head it about the two, Freedom and Bespoke and about misleading people into belieiving they are actually dealing with a UK firm and then finding out that they have actually been sold the loan and PPI by a company in GIB. Also state that if you wanted to take this company to court here in the UK you could but if you won and then they decided not to pay up UK baliffs have no jurisdiction in GIB so you have no way of enforcing it. Its very unfair practice and you have not got any statutory rights or they have been cut.

marshallka

Wow, look at this one


http://www2.crw.gov.uk/pr/Default.aspx

Not seen this before

Application / Licence Details




Licence Number:0427982
Licence Status:Current

Current Applicant / Licensee:

Business NameCompany Registration NumberBespoke Finance Limited60921

Categories:

Consumer credit Consumer hire Credit brokerage Credit reference agency Debt Adjusting/Counselling Debt collecting

Right To Canvass Off Trade Premises:No


Issued Date: 25-May-1997
Expiry Date: 09-Oct-2012


Legal Formation:

Body Corporate (incorporated outside UK)

Current Individuals that run the organisation:

NamePositionAlan Roy Kentish Iain Richard Farr

Historic Individuals that run the organisation:

NamePositionAlan KentishOFFICERIain FarrOFFICERMr Jonathan Peter SwannOFFICERTimothy RevillOFFICER

Current Organisations that run the organisation:

NameCompany Registration NumberPositionSTM Fidecs Management39308

Historic Organisations that run the organisation:

NameCompany Registration NumberPositionJordan Nominees (Gibraltar) Ltd OFFICERJordan Nominees (Gibralter) Ltd OFFICERJordans (Gibraltar) Ltd OFFICERJordans (Gibralter) Ltd OFFICER

Nature of Business:

Other Other

Current Address(es):

Address TypeAddressAccept Notices/DocumentsFreedom House, Church Street, WILMSLOW, Cheshire, SK9 1ASCorrespondenceFreedom House, Church Street, WILMSLOW, Cheshire, SK9 1ASPrincipal Place Of BusinessEurolife Building, Suite 2 C, 1 Coral Road, GibraltarRegistered OfficeEurolife Building, Suite 2 C, 1 Coral Road, Gibraltar

Historic Address(es):

Address TypeAddressPrincipal Place Of Business21, St Thomas Street, Bristol, BS1 6JSPrincipal Place Of BusinessSuite 2A Eurolife Building 1, Corral Road, ., ., GibralterPrincipal Place Of BusinessSuite 3G1 Eurolife Building 1, Corral Road, ., ., GibraltarRegistered OfficeMontagu Building, 8-10, Queensway, ., ., GibraltarRegistered OfficeSuite 2A Eurolife Building 1, Corral Road, ., ., GibraltarRegistered OfficeSuite 2A Eurolife Building 1, Corral Road, ., ., Gibralter

marshallka

Di, look


Application / Licence Details




Licence Number:0506811
Licence Status:Lapsed on 04/08/2006

Current Applicant / Licensee:

Business NameCompany Registration NumberClick Finance Limited4239176

Categories:

Consumer credit Consumer hire Credit brokerage Credit reference agency Debt Adjusting/Counselling Debt collecting

Right To Canvass Off Trade Premises:Yes


Trading Name(s) (Current):

1 Click Finance 1 Click Home Loans 1 Click Loans Click Finance Debt Doctors Final Payment Immediate Loan Applications One Click Finance One Click Loans Rocket Loans Surrey Loans World of Loans

Trading Name(s) (Historic):

1Click Finance 24 Home Loans 24 Hour Loans 24 Hour Loan Applications Immediate Loans Trust Loans

Issued Date: 05-Aug-2001


Legal Formation:

Body Corporate (incorporated inside UK)

Current Individuals that run the organisation:

NamePositionRaymond FlanneryOFFICERRichard Joseph PlewkaOFFICERStevens Robert TeagueOFFICER

Historic Individuals that run the organisation:

NamePositionStephen Alan SmithOFFICERStuart James PikeOFFICERTerry Alfred StevensOFFICER

Nature of Business:

Credit Brokers

Current Address(es):

Address TypeAddressPrincipal Place Of BusinessSuite 4, 3rd Floor Victoria Hs, 23-27 South Street, Farnham, Surrey, GU9 7QURegistered OfficeBridge House, South Street, Farnham, Surrey, GU9 7RS

Historic Address(es):

Address TypeAddressPrincipal Place Of Business45, High Street, Odiham, Hampshire, RG29 1LFPrincipal Place Of BusinessSuite 4, 3rd Floor Victoria Hs, 23-27 South Street, Farnham, Surrey, GU9 7QUPrincipal Place Of BusinessThe Turbins Barn, Forton, Andover, Hampshire, SP11 6NURegistered Office96, High Street, Guildford, Surrey, GU1 3DLRegistered OfficeBridge House, South Street, Farnham, Surrey, GU9 7RSRegistered OfficeKerseys, Hogsback, Seale, Farnham, Surrey, GU10 1LARegistered OfficeThe Turbins Barn, Forton, Andover, Hampshire, SP11 6NU

di3004

marshallka wrote: »

Di, look


Application / Licence Details




Licence Number:0506811
Licence Status:Lapsed on 04/08/2006

Current Applicant / Licensee:

Business NameCompany Registration NumberClick Finance Limited4239176

Categories:

Consumer credit Consumer hire Credit brokerage Credit reference agency Debt Adjusting/Counselling Debt collecting

Right To Canvass Off Trade Premises:Yes


Trading Name(s) (Current):

1 Click Finance 1 Click Home Loans 1 Click Loans Click Finance Debt Doctors Final Payment Immediate Loan Applications One Click Finance One Click Loans Rocket Loans Surrey Loans World of Loans

Trading Name(s) (Historic):

1Click Finance 24 Home Loans 24 Hour Loans 24 Hour Loan Applications Immediate Loans Trust Loans

Issued Date: 05-Aug-2001


Legal Formation:

Body Corporate (incorporated inside UK)

Current Individuals that run the organisation:

NamePositionRaymond FlanneryOFFICERRichard Joseph PlewkaOFFICERStevens Robert TeagueOFFICER

Historic Individuals that run the organisation:

NamePositionStephen Alan SmithOFFICERStuart James PikeOFFICERTerry Alfred StevensOFFICER

Nature of Business:

Credit Brokers

Current Address(es):

Address TypeAddressPrincipal Place Of BusinessSuite 4, 3rd Floor Victoria Hs, 23-27 South Street, Farnham, Surrey, GU9 7QURegistered OfficeBridge House, South Street, Farnham, Surrey, GU9 7RS

Historic Address(es):

Address TypeAddressPrincipal Place Of Business45, High Street, Odiham, Hampshire, RG29 1LFPrincipal Place Of BusinessSuite 4, 3rd Floor Victoria Hs, 23-27 South Street, Farnham, Surrey, GU9 7QUPrincipal Place Of BusinessThe Turbins Barn, Forton, Andover, Hampshire, SP11 6NURegistered Office96, High Street, Guildford, Surrey, GU1 3DLRegistered OfficeBridge House, South Street, Farnham, Surrey, GU9 7RSRegistered OfficeKerseys, Hogsback, Seale, Farnham, Surrey, GU10 1LARegistered OfficeThe Turbins Barn, Forton, Andover, Hampshire, SP11 6NU

Wow thanks hun, where did you find all this interesting info ?:D

Just seen your link for this above now, wow, is this also useful for my case do you think hun?

marshallka

Link here

http://www2.crw.gov.uk/pr/Default.aspx

marshallka

di3004 wrote: »

Wow thanks hun, where did you find all this interesting info ?:D

Just seen your link for this above now, wow, is this also useful for my case do you think hun?

There is a good register here for anyone that holds a consmer credit licence.

http://www2.crw.gov.uk/pr/Default.aspx

The Consumer Credit Register and the Estate Agents Register

About the registers

The Office of Fair Trading has a statutory duty under the Consumer Credit 1974 and the Estate Agents Act 1979 to make information available publicly.
On these pages you will be able to access and search the Consumer Credit Register and find information about the Estate Agents Register.
The Consumer Credit Register provides details of applications for holders of consumer credit licences, both current and past. It also contains details of OFT’s decision to refuse an application or revoke a consumer credit licence as well as information relating to any appeal to the Secretary of State against this decision.
While every effort has been made to ensure that the information provided is accurate, occasionally factual or printing errors may occur. If you identify information which appears to be incorrect or omitted, please report it to [EMAIL="enquiries@oft.gov.uk"]enquiries@oft.gov.uk[/EMAIL], so that we can investigate the matter and correct the database as required. We will only make changes that are notified by the licence holder or an authorised representative. Please include your position within the organisation when reporting issues requiring resolution to the enquiries team.
The Consumer Credit Register is a publicly available register as provided for by law and The Office of Fair Trading is not responsible for, nor does it endorse or make any representations regarding any use made of the data on the register by third parties.
The Estate Agents Register provides details of estate agents whom the OFT has banned from engaging in estate agency work or who have received a warning under the Estate Agents Act 1979.
The Consumer Credit Bulletin provides details of licensing actions on a week by week basis.
Please select which register you wish to view from the right hand menu.