Reclaiming PPI

Stilojon84 · 15 May 2009 at 10:22AM

Hi All.

I took out a loan with egg a fair few years ago now, I think it was about 5 or 6 years ago.

Now I remember when I set up this loan I was paying Payment protection insurance on it for a good year or so.

I later realised this and called them up and cancelled it and remember that I made a saving of about £50 a month which was great.

Now I can see that people are claiming this back.

I was successful with my bank and I would now be intrested to see if I can be with egg.

Question is.

1) I cant remember my status when I set up the loan, I'm not sure if I was self employed or I was employed and also I dont have a clue what my payments were.

Is there anyway I can ask Egg to send me through this information or records they hold on me to find out?

Can anyone let me know where I should start??

Rafter · 15 May 2009 at 10:38AM

If you can't remember your own employment status then I can't imagine you will get very far for a misselling claim.

As Egg is an 'online' bank I'm guessing you ticked the box requesting this insurance initially and you can hardly claim that the insurance was a condition of the loan.

If the insurance relates to a period over 6 years ago it may be statute barred in any case.

I guess you could make a 'subject access request' to Egg asking for your loan statements and original loan agreement if you really want to know the details.

R.

di3004 · 17 May 2009 at 3:36PM

Stilojon84 wrote: »

Hi All.

I took out a loan with egg a fair few years ago now, I think it was about 5 or 6 years ago.

Now I remember when I set up this loan I was paying Payment protection insurance on it for a good year or so.

I later realised this and called them up and cancelled it and remember that I made a saving of about £50 a month which was great.

Now I can see that people are claiming this back.

I was successful with my bank and I would now be intrested to see if I can be with egg.

Question is.

1) I cant remember my status when I set up the loan, I'm not sure if I was self employed or I was employed and also I dont have a clue what my payments were.

Is there anyway I can ask Egg to send me through this information or records they hold on me to find out?

Can anyone let me know where I should start??

Hi there

You could try by requesting a Subject access request (SAR), there is a link to a letter template below.
If you no account number on hand, remember to give full name, DOB, if your surname was different then 5-6 years ago, and if the address was different as well let them know, this will make it that little easier to track down your information.
SAR template here:
http://forums.moneysavingexpert.com/showthread.html?t=1475553

Good luck and for more help on reclaiming, you can also post on the thread here:
http://forums.moneysavingexpert.com/forumdisplay.html?f=169

Godders · 17 May 2009 at 4:53PM

MOVING THREADS FOR BETTER RESPONSES

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere(please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].

orangetrader · 17 May 2009 at 8:53PM

you have every chance of claiming back the ppi. it just sounds like you need to spend some time establishing the grounds.
I would suggest doing a SAR request (info on this site) where you send a cheque for £10 and they send you all info/docs they have relating to you.
Just because it was an internet sale doesn't automatically mean you were not mis-sold.
Once you have established specific dates, i would suggest going back and confirming your employment status as this could be key.
good luck.:cool:

Reclaiming PPI

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