PPI Reclaiming discussion Part II

marshallka

carolineo55 wrote: »

Hubby's just got in from work, and unearthed another folder seems we did deal with debt buster then got a letter from central capital signed by the same advosr. reading all the paper work it looks as though we agreed to everything, we were desparate at the time!! i still remeber the conversation with the advisor at the time saying the premium will be a full cash back as i remeber thinking well it would be nice to gets some money back at a later date!

I feel a right idiot now , i think the confusion arose as both hubby and i were getting separate phonecalls and not alawys able to communicate there and then due to jobs!!

can i still claim?

Just added lots more above.

Yeah sure you can still claim. You have done the right thing sending a letter but perhaps could have sent it to this addy above. Did you realise the TRUE cost of the PPI and that it was actually a loan on top of a loan??

You have been missold like all of us so do not give up. We will all help!!

di3004

pinknico wrote: »

On the link to the BBC site you gave Di, did you see the video that covers it?

No hun, I added the link because Catinthehat mentioned that it was on the BBC news today but not had the chance to check it out yet - why is it on there ?:D

marshallka

carolineo55 wrote: »

I feel a right idiot now , i think the confusion arose as both hubby and i were getting separate phonecalls and not alawys able to communicate there and then due to jobs!!

can i still claim?

And don't feel like a right idiot. I too was adamant that FIrst Plus sold me my PPI when in fact they told me it was company from Gibraltar:eek: . I still am not 100% certain who actually sold it but I am having them for the unfair rebate i received on settling the loan early. They are cons and cheats so please do not give up. You will have to wait now for Centrals reply to your letter and take it from there. You have a very good chance of getting your money back so please do not let them win. Your loan and PPI were in 2006 so they had rules to follow on the sales and most complaints that go the FOS are upheld for these policies.

di3004

carolineo55 wrote: »

Hubby's just got in from work, and unearthed another folder seems we did deal with debt buster then got a letter from central capital signed by the same advosr. reading all the paper work it looks as though we agreed to everything, we were desparate at the time!! i still remeber the conversation with the advisor at the time saying the premium will be a full cash back as i remeber thinking well it would be nice to gets some money back at a later date!

I feel a right idiot now , i think the confusion arose as both hubby and i were getting separate phonecalls and not alawys able to communicate there and then due to jobs!!

can i still claim?

Hi there Caroline.

There is no need to feel like an idiot hun these advisers tend to have a way to manage to suck us in, but at least now like us all here you are doing something about it.;)
You have learnt like we have and we have all been there.

Its get them back time !!!:D

So yes still reclaim, its your money - now go and get it back .

Marshallka has given you some very good advice here hunni, go for it.

Good luck, and please keep us posted and don't let any stupid response you may get from them put you off, it may be a battle, but keep at it and you will eventually get there and get stronger on this.;)

Di.
x

di3004

Just in case anyone has missed the FSA updates this week.

http://www.fsa.gov.uk/pages/library/latest/index.shtml

mac666_2

marshallka wrote: »

You do not have to stop the policy if you claim misselling as like i say you probably only get a small proportion of it back and then will carry on paying the interest on this for the full term of the loan. You did not know how these policies actually work. They are loans on top of loans really. You have now done the misselling letter which i will look at in a min. If you did stop i note you say that you would stop paying the £65 per month for it but it does not work like that. You took a loan to pay this policy up front so cancelling only brings you a small amount back and you actually carry on paying the interest. I hope you understand this.

aaaaaahhhhhhhhh! that explains alot you me!!!
i'm off to write to halifax. thanks mac

di3004

mac666 wrote: »

aaaaaahhhhhhhhh! that explains alot you me!!!
i'm off to write to halifax. thanks mac

Good luck Mac.......:j :j , keep us posted, cheers.;)

di3004

Here is that video link on PPI crackdown here:

http://news.bbc.co.uk/1/hi/business/7652826.stm

Laini

Its the single premiums that are sooo wrong.
but if you are like me and many others you assume insurance is insurance.
single premiums put you in snowball debt it just gets bigger.

marshallka

Laini wrote: »

Its the single premiums that are wrong.
but if you are like me and many others you assume insurance is insurance.
single premiums put you in snowball debt it just gets bigger.

Single premiums should all be automatic paybacks. I wish that would happen as they never should have been allowed in the first place. I blame the authorities here too as they allowed it. We had no protection then and unless its after 2005 we have little comeback now. That is what is annoying here. They say a sale is ok to claim back if it was after 2005 but if before you have to really fight and often through the courts for the same issues as post 2005 sales. From what i can see also if you go to court the consumer with the debt problems is often up against big powerful solicitors who then bring up every law they can to get out of it.

Automatic payback for anyone making a claim regardless of dates. they were wrong to have been sold to people and have ruined so many lifes and left us with lifelong debt problems.

Added up my PPI since 1997 and it seems we have paid over £20K in it. Where would we be now if we had not had it. Its been nothing but a struggle ever since.

We were induced to more debt needlessly when it was only sold purely for the profits of the banks and certainly not for the interest of the consumer which is what we put trust in the banks doing. Looking after our finances. (never again!!!!!) I think we will all end up putting our money under the mattress again soon.