PPI Reclaiming discussion Part II

marshallka

Some MP somewhere said "its not the "poverty stricken kid on the council estate with no money" that you have to worry about robbing you - its the banks and big companies you have to be more wary of - those that we actually put our trust into every day". I believe he was right:mad:

di3004

marshallka wrote: »

Some MP somewhere said "its not the "poverty stricken kid on the council estate with no money" that you have to worry about robbing you - its the banks and big companies you have to be more wary of - those that we actually put our trust into every day". I believe he was right:mad:

This is so true....... and we're supposed to trust these banks etc.......I have lost faith in them all now, and always used to think "aww how lovely she or he was"......not anymore, they just ripped us off big time to fill their pockets at the end of it.......:mad:
Hubby has a review on Tuesday, they also sent a letter to confirm the appointment (lloyds) and we have joint accounts), it was in his name only......how strange that I'm not included, its the first time ever him going alone....I wonder why.....:rolleyes:

di3004

Some PPI news updates on this link here:::::::::

http://www.paymentcare.co.uk/newslist.php

(Not recent news though sorry).

di3004

Checked on that site earlier (Dissolved companies info), and thought I would Click in TWOPART/Eloan and Click Finance etc, its says its unavailable to them as they are being used by another company, unless I have done something wrong.......:rolleyes: , its stating that Click Finance is connected with Companies house which I do know but not the same about TWOPART......

Company Name Check

This company name availability tool is connected directly with Company House's database and searches the index of all live companies, and companies dissolved within the last twelve months.
Proposed Company Name: Please provide proposed company name

COMPANY NAME IS UNAVAILABLE!
TWOPART LIMITED (INLIQ)
The company name that you entered is not available because it is already being used by another company. This name may become available in the future if the company using it is dissolved. This name will not be available if the company using it is in liquidation, it will only become available twenty days after the company using it is officially registered as dissolved.

//////Back to Home Page | Register a Company Online

marshallka

di3004 wrote: »

This is so true....... and we're supposed to trust these banks etc.......I have lost faith in them all now, and always used to think "aww how lovely she or he was"......not anymore, they just ripped us off big time to fill their pockets at the end of it.......:mad:
Hubby has a review on Tuesday, they also sent a letter to confirm the appointment (lloyds) and we have joint accounts), it was in his name only......how strange that I'm not included, its the first time ever him going alone....I wonder why.....:rolleyes:

I'd prefer to give to the needy than being taken from by the greedy...:mad:

These banks/lenders have only got themselves to blame now for all these claims against them. They should have been fair in the first place.

simone83

Morning all,

I received my letter today from Bespoke and it was exactly as you stated Marshallka!

Can I ask your opinion on what I should do next?

Thanks, Simone

marshallka

singlep wrote: »

Marshallka has done a good job on this. I suggest you write a similar letter to Freedom's directors. The forms you signed will have said "processing on behalf of Bespoke". That is fair for the loan you first requested but selling PPI paid for by an additional loan means that Freedom did much more than "process". It is likely that both firms are in breach of the Misrepresentation Act. The good news is that these companies are making private settlements because they do want to attract the attention of OFT and Revenue and Customs for VAT issues.

Simone this was posted yesterday from singlep so i want you to read it and then we can try your next move.

marshallka

simone83 wrote: »

Morning all,

I received my letter today from Bespoke and it was exactly as you stated Marshallka!

Can I ask your opinion on what I should do next?

Thanks, Simone

You need to write a similar letter to Freedom also like singlep says. I would also state in that letter that you will get in touch with the OFT about their fitness to hold their Consumer credit licence but please post it up here first for someone to look through.

You need to add also that they misrepresented their position to you (and are in breach of the misrepresentation act 1967) and acted as a broker when in fact they are now saying they were only the processor.

Also I think as the sale of the PPI was commenced here in the UK and the processor acted as an advisor and therefore this was an unfair contract.

A processor cannot be a broker and sell insurance. Freedom Finance are responsible for the sale of the PPI as it was done here in the UK.

Simone, any letter that you write now I would suggest you write to Freedom and copies to Bespoke by email (stating that a hard copy has been sent also).

I looked at the OFT register the other day and noted that Bespoke had listed that all correspondence be sent to Freedoms address. Therefore I don't think you should have to write to both address's. Its unfair to have to pay near on £5.00 per letter for recorded to GIB and also its not tracked and traced either. Once the letter leaves the UK there is no way of tracing mail to GIB. I will have to check on this one. Recorded to GIB is totally wasted i think.

Also state in your letter that once you had the loan as they have stated that this is from a company in GIB that you had little statutory protection as the laws are different in GIB and this then was an Unfair contract.

They will no doubt state to you this was a "non advised" sale and that they did not advise anything to you. Non advised sales of PPI did not start here in the UK until Jan 2005 and were introduced much later in GIB.

washo1

Hi

I have been into HSBC branch to find out if I can cancel my PPI and have been told that I need to redo the loan - is there anyway I can cancel PPI and get a refund without having to redo the current loan?

Also I am not sure if I was mis-sold the insurance as they have now changed their policy to a choice of what you insure, whereas previously you had to have all of the insurance - sick pay, death etc; - is this mis-selling as i told them thaty I was covered at work for sick pay?

Additionally have there been any cases of reclaiming from Britannia as I also have a loan with PPI with them that has been included into the cost but then has a tick box on the agreement form which I cannot remember if I checked or not but if the payment has already been calculated within the information provided how can I tell if I am paying this or not?

Thanks

di3004

washo1 wrote: »

Hi

I have been into HSBC branch to find out if I can cancel my PPI and have been told that I need to redo the loan - is there anyway I can cancel PPI and get a refund without having to redo the current loan?

Also I am not sure if I was mis-sold the insurance as they have now changed their policy to a choice of what you insure, whereas previously you had to have all of the insurance - sick pay, death etc; - is this mis-selling as i told them thaty I was covered at work for sick pay?

Additionally have there been any cases of reclaiming from Britannia as I also have a loan with PPI with them that has been included into the cost but then has a tick box on the agreement form which I cannot remember if I checked or not but if the payment has already been calculated within the information provided how can I tell if I am paying this or not?

Thanks

Hi there
When did you take out this loan hun ?

Here is a link about mis selling reasons and a template on that link too check it out to see what occurs to you, get a letter in if you think you may have been mis sold and as long as you have never made a claim for it for sickness/unemployments etc then if mis sold you have the right to complain.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

If you have not any of the agreements contact them and ask them for copies, these should be supplied free of charge.

Give us a yell hun if your require further information.

Good luck;)
Di.
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