PPI Reclaiming discussion Part II

di3004

marshallka wrote: »

Woodybuzz, when was your PPI and loan??

I take it it was after january, 2005 as a non advised sale?

If it was then you would be protected by the FSA rules on the sales of PPI. You don't need a SAR but get a letter in for misselling and if you want to cancel this you can but that is up to you. They cannot say that you cannot cancel.

You now need to get your letter in for misselling. Try to make it your own and send it recorded delivery. You have to give them 8 weeks for a full and final response.

Sorry Di, you beat me to it..

Lol, that is fine hun and besides you added the rest of the info that I did not add myself lol.:D

di3004

Wonder where Tron_ess is these days? oh and Singlep? :rolleyes:

marshallka

di3004 wrote: »

Wonder where Tron_ess is these days? oh and Singlep? :rolleyes:

I wish they would make an appearance - what are you now doing as regards click Di?? You have not said anything about it for ages.

Also no Tiggrae either???

di3004

marshallka wrote: »

I wish they would make an appearance - what are you now doing as regards click Di?? You have not said anything about it for ages.

Also no Tiggrae either???

Not surewhat to do about Click yet hun, if I can gather more info then that would help, but as I am still waiting for some feedback its come to a halt.....:rolleyes: .

Your right - no Tiggrae either....

marshallka

di3004 wrote: »

Not surewhat to do about Click yet hun, if I can gather more info then that would help, but as I am still waiting for some feedback its come to a halt.....:rolleyes: .

Your right - no Tiggrae either....

Di, don't give up. You need to do something quick as they will close the complaint after so long.

di3004

marshallka wrote: »

Di, don't give up. You need to do something quick as they will close the complaint after so long.

Yep I know, but its knowing where to go from here hun, until I hear from the ones I am waiting to get back to me about this, its preventing me from going any further.
Click have already closed the case and the FOS will not look into this anyway because they were not regulated then by anyone....... but the sooner I get this one done with the better.;)

di3004

Just gonna add my twopart/eloan here again as it was when we first had the loan in Nov 2005

Cash loan amount £43,000
optional ppi £8,492.50
Total loan £51,492.50
Monthly int rate 0.600%
Apr (assumes no variation in rate) 7.4%


Est No of mthly payments 300
Monthly payment £370.53

First payment to be made on 18/12/05


Assuming you keep to the term of the agreement and that interest rates do no vary, the interest would be:
£9840.24.

The total price you pay for cover is £18332.24

SINGLE LIFE, SINGLE ASU COVER.

Blimey looking at that the interest of £9840.24 was higher than the ppi itself and that amount of £18332.24 is also extortionate too for the total price of cover !!!!

marshallka

di3004 wrote: »

Yep I know, but its knowing where to go from here hun, until I hear from the ones I am waiting to get back to me about this, its preventing me from going any further.
Click have already closed the case and the FOS will not look into this anyway because they were not regulated then by anyone....... but the sooner I get this one done with the better.;)

I am going off now but hopefully you will get some more advice from Tiggrae on this one. Has she commented again on it?? What does she suggest??

Maybe start court proceedings in the county court or can you not do this as there is no company to take to court??

I would try to seek one hour with a consumer credit solicitor to enquire about what you can do now. I was going to do this with my "untouchables". They hold a clinic type thing in our town on issues like this or maybe go to the citizens advice for some more advice.

marshallka

di3004 wrote: »

Just gonna add my twopart/eloan here again as it was when we first had the loan in Nov 2005

Cash loan amount £43,000
optional ppi £8,492.50
Total loan £51,492.50
Monthly int rate 0.600%
Apr (assumes no variation in rate) 7.4%


Est No of mthly payments 300
Monthly payment £370.53

First payment to be made on 18/12/05


Assuming you keep to the term of the agreement and that interest rates do no vary, the interest would be:
£9840.24.

The total price you pay for cover is £18332.24

SINGLE LIFE, SINGLE ASU COVER.

This is the one where you got most of it back was it not??

di3004

marshallka wrote: »

This is the one where you got most of it back was it not??

Yep they reduced this one by over £7K something like that.;)