Black Horse missold ppi

[batman1956]

I will be keping the pressure on them. Thanks for your advice, sometimes knowing someone is out there willing to help is the spur I need to fight.

[batman1956]

Spoke to the FSA again yesterday after complaining to them about the charges etc. Black Horse have now confirmed to the FSA that the PPI has been cancelled, the claim is with Black Horse's team and is awaiting their perusal. Things seem to be moving along nicely.

[batman1956]

Unbelievable. Just had a letter from Black lot

 

took out the loan in April 2004 with 120 monthly payments due.

 

We have taken agreed payment breaks and are now told that we owe 90 more payments and are 8 months in arrears.

 

Just to put their figures into context the actual balance due to them is £10,000ish ,

their figures work out at a balance of over £18,500

 

this would surely mean that the agreed APR on the account according to the signed agreement is being changed by them without my agreement.

Edited January 16, 2010 by batman1956
More information

[batman1956]

The FOS have asked me to raise a separate complaint regarding Black Horses latest escapade. Any comments anyone?

[batman1956]

I have today recieved an e.mail from the FOS which I find disturbing

 

Dear Mr Batman 1956

I would confirm that Black Horse Limited have challenged our jurisdiction to deal with your complaint.

I have referred your case for investigation into this matter and the outcome will be communicated to you.

Yours sincerely

 

How can they do this as their complaints procedure was for me to refer my complaint to the FOS and they even sent a leaflet with contact details?

[batman1956]

Does anyone know if Black Horse can challenge the jurisdiction of the FOS especially as it was Black Horse who told us to refer our claim to them in the first place? Seems a bit strange to me.

[batman1956]

Bump

[batman1956]

Out of the blue today Black Horse have sent a letter saying that they are refunding all the ppi plus 8% plus £200 for distress but no mention of the 12.9% interest on the agreement. Am i being greedy going for the interest as well as what they have offered?

[alanalana]

Out of the blue today Black Horse have sent a letter saying that they are refunding all the ppi plus 8% plus £200 for distress but no mention of the 12.9% interest on the agreement. Am i being greedy going for the interest as well as what they have offered?

 

I believe the best you can expect is the refund of the PPI premiums you paid plus 8% statutory on those payments from the date the payment was made until the date a settlement was agreed.

The £200 is a bonus for them messing you about and I believe it is a way to keep the FSA at bay ( a bonus a day keeps the FSA away) The FSA have imposed some large fines on the companies and banks that have mis-sold PPI. Sadly the RBS went to the wall otherwise they IMO would have been in for a rather large fine at some point.

 

When you get your cash please post and I will add a **WON** to your thread title and do not forget to post your success in the stickies. This keep up the spirits of those still claiming and gives them a target.

 

aa

[batman1956]

Cheque arrived today so another win for CAG.

[papadak]

Cheque arrived today so another win for CAG.

 

Many congrats ... i shall now read your story!

[jansus]

Well done

 

very pleased for you

[alanalana]

Cheque arrived today so another win for CAG.

 

 

WELL DONE

 

do you want a thread title amendment to read title with a **WON** ?

 

Or perhaps wait until the cheque clears

 

aa

[batman1956]

Please mark it WON if the cheque bounces I will start a new thread:D:D

[batman1956]

The cheque cleared yesterday so now it can be marked **WON** if someone would be so kind.

[batman1956]

Today I have recieved 2 default notices from Black Horse

 

One is for arrears on the account

despite the fact that all arrears have been paid from the ppi refund

and all payments are up to date

 

the second is for arrears on the insurance policy which by definition was missold and no longer exists.

 

Looks like the battle was won but the war is continuing.

 

 

HELP!!!!!!!! WHERE DO I GO FROM HERE?

[batman1956]

Apparently the default notices issued include charges for late payments.

 

My point is that had the insurance policy not been missold then the account would have actually been in credit after the third payment

taking into account that the loan payment on its own was £173.50 and the insurance was an extra £50 ish which was being paid in full for a vast period.

 

I still do not understand how the insurance policy which was cancelled in June 2009m can be in arrears and have a default issued for it

 

PLEASE CAN SOMEONE HELP WITH THIS.

[dx100uk]

dont think their left leg knows what their right foot is doing.

 

write back inc copies of these letters, explain the PPI refund placed the A/C in credit & that as the PPI had been cancelled since june 09 how come you now have a default notice!

 

demand they also remove any markers on your CRA too.

 

dx

[steven4064]

What dx said

[batman1956]

Just found this on cca 1974 none of the notices contains this so I assume that the default notices are not compliant with regulations

 

6.5 Creditors will be required, from 1 October 2008, to include a copy of the

current OFT default information sheet with each default notice.

 

FOS have been informed and are starting a complaint.

 

I am going to write to them can anyone give me any pointers what to say

[dx100uk]

as i've pointed above

i think at this point it matters not if/if not the notices are correct and i would not argue upon that point

 

your beef is they should not be doing it ... fullstop

 

dx

 

 

dx

[batman1956]

Letter done and ready to go

[batman1956]

Had yet another letter today demanding payment of the arrears!!!!

 

I have phoned them and tried to explain but they want me to phone their insurance department to sort it out.

 

Fat chance the FOS has written to them already.

 

Ended up saying that I will continue to make the correct monthly payment but as far as any alleged arrears I will see them in court. I am fuming :mad:

[batman1956]

And today another default notice for non payment of the PPI that they have refunded as mis-sold giving me until 30th December to pay in full or else blah,blah,blah

[batman1956]

Anybody else having problems with being defaulted for non existent PPI with Black Horse?

 

I think it may be a way of bending tax.

 

For example my account is in arrears (alleged) so this money can be written off against tax.

 

The account does not actually exist but Black Horse must have something on their system showing it does otherwise they could not generate defaults for the account.