PPI - Some notes for Claimants - Frequently Asked Questions & Discussion thread

[lemma1968]

Subscribing.

[joemarket]

Hi Everyone, its me Joemarket with yet another request from anyone. I need to cancell my ppi with welcome Finance but wonder if there is a special template for this. Any help will be appreciated.

[hellhasnofury]

Hi Everyone, its me Joemarket with yet another request from anyone. I need to cancell my ppi with welcome Finance but wonder if there is a special template for this. Any help will be appreciated.

 

Hello joe,

 

There is not template as far as I am aware,

 

Just write to them instructing to cancel your ppi forthwith and maybe read this link and make a quote from it:-D

 

Start a new thread on the ppi forum, so we can help you if needed

Good luck and may the force be with you:-D

 

Consumers to benefit from PPI refunds agreement

[lemma1968]

Subscribing

[Guest jamesroberts]

Hi There,

 

I am about to make a claim against London Mortgage Co.

 

I was 'sold' a ppi policy for a £35k loan at a cost of £4200 which of course was added at the start of the loan in October 2004.

 

I repaid the loan in full in January 2006 and they charged me £1814 prepayment penalty but made no mention of refunding the ppi.

 

I am also self employed.

 

I paid them £518 for 15 months and still ended up owing them more than I borrowed at the end of it!!

 

I assume I add all of this info to my initial claim letter??

[thomass1949]

Hi I have just received a letter from LLoyds Insurance agreeing to refund 3 PPI's. Two of them were with loans that are settled in 2004. One having been added to an 'new loan' and consolidated. I had small refund on that one. They have offered to refund plus interest. I have no problem with this. However, I still have a loan with them for £4015.73. I have been paying this since 2004 and they say I still owe over £3,000. The loan was 5 years. Off course the PPI was a single payment policy. They have agreed to refund the PPI plus interest. My problem is that they have stipulated that they pay this refund into my loan account. This loan is unenforeable. I have requested a copy of the loan agreement and they have not and the enforcement date expired in early July. Has anyone any advice on how to proceed. I would be very grateful.

[stroke a badger]

Remember one thing - It's your money!

 

Insist that the refund is issued in the form of a cheque made out in your name, or paid direct in to a bank of your choice.

 

If they refuse, I would remind them that FOS might have something to say about their underhand tactics.

 

WRT the existing Loan. No valid Credit agreement - no enforceable debt. I would suggest starting your own thread in - http://www.consumeractiongroup.co.uk/forum/general-debt/

[thomass1949]

Thanks for the advice but can I ask what WRT stands for?

[stroke a badger]

Sorry. With Regards To

[thomass1949]

Sorry but I think I only got half your message. Can you send it again. What does WRT mean. Thanks

[andyc83]

Hi,

 

I've jus started trying to reclaim my PPI from LTSB and was hoping for some tips, so far they have offered me reduced amount with interest, but I cant seem to get them to clear how much interest will be added:mad:, mainly if it includes the interest on the whole sum from the start date of the loan, they are also insisting the payment is deducted from my loan:mad:, where as i want the money in my current account, has anyone got any ideas that can help!!!!!!!:?

 

 

thx

 

AmdyC

[hellhasnofury]

Hi,

 

I've jus started trying to reclaim my PPI from LTSB and was hoping for some tips, so far they have offered me reduced amount with interest, but I cant seem to get them to clear how much interest will be added:mad:, mainly if it includes the interest on the whole sum from the start date of the loan, they are also insisting the payment is deducted from my loan:mad:, where as i want the money in my current account, has anyone got any ideas that can help!!!!!!!:?

 

 

thx

 

AmdyC

 

Hello Amdyc,

 

Start a thread in the ppi forum, so people can see your story and help:D

 

It will not be seen on this thread. Your best bet is to read around other threads and you will learn this process, which is never easy. The main thing you need is persistance and determination.

 

As for the paying inot your loan account. All they are doing is taking from you and paying it back to themselves.

 

I would insist that it is money they should never of had in the first place, I would also claim the premium and interest applied and add on the interest at their contractual rate for the length of time they had it. End of:D

[Biff1666]

Hi All,

sorry to jump in your thread but would welcome some advice.

 

My Sis in Law had "Credit Card Repayments Insurance-Including Insurance premium Tax" which later changed its name to "Credit Card Repayments Cover"

 

Is this the same as PPI and if so, is it reclaimable if she was missold the cover?

 

TIA

Biff

[Guest Alison82]

Hi quick question, do you have to be in full time employment to have PPI as I think I was on 16 hours or maybe less!!

[pennypenny]

Hi Alison,

 

I think in some cases you need to be working 16 hours or over but it varies. You will need to get a copy of the terms and conditions from when you took out PPI. I was only working 15 hours when I took out PPI with MBNA so I am looking into claiming that back,

[RedCEL]

Hello all. I've got T & C from HFC (2001) which states that self employment is covered as long as you're working 16 hours or more. The most I can work is 10 and a half (thats a 7 day week. I'm an enteratainer dontcha know:cool:. But a days work is contracted at 2 x 45 minute spots). So do I have grounds to claim?

[TideTurner]

RedCEL,

 

If this was the case in 2001 the PPI was mis-sold as you were mis-sold a product that you could never have claimed against.

 

Tide

[vendividivisa]

Thanks for the information - am already to start my claim based on the fact that i was told it was absolutely compulsory to take the insurance at the point of the finance.

 

in fact I have 2 claims one for DFS (finance co Black Horse) and the other is for Citi card.

 

My questions are:

 

• Do I claim against Black Horse or DFS given that DFS are the sellers of the policy?
  
• I do not have the commencement dates of the DFS policy do I need the credit agreement? and if so how much is it?
  
• In terms of Citi card the original card was taken out with the Associates which then were bought by Citi or became Citi not sure which, but can I only claim bank 6 years? I have the statements going back 6 years and there is still a carried forward balance of 5K.
  
• Do I calculate the interest based on the bank charge scenario? and are they only obliged to give the interest back if enforced?

and finally has any one had any experience of either company?

 

many thanks ....

[hellhasnofury]

Thanks for the information - am already to start my claim based on the fact that i was told it was absolutely compulsory to take the insurance at the point of the finance.

 

in fact I have 2 claims one for DFS (finance co Black Horse) and the other is for Citi card.

 

My questions are:

 

• Do I claim against Black Horse or DFS given that DFS are the sellers of the policy?
  
• I do not have the commencement dates of the DFS policy do I need the credit agreement? and if so how much is it?
  
• In terms of Citi card the original card was taken out with the Associates which then were bought by Citi or became Citi not sure which, but can I only claim bank 6 years? I have the statements going back 6 years and there is still a carried forward balance of 5K.
  
• Do I calculate the interest based on the bank charge scenario? and are they only obliged to give the interest back if enforced?

and finally has any one had any experience of either company?

 

many thanks ....

 

Hello and welcome

 

Please start your own thread on the ppi forum, nobody will see your questions on here.

[vendividivisa]

Thank you but I can find how to there is nothing to click on to say post new thread I'm just wizzing round and round in circles - help:confused:

[jowalshy]

Hi vendividivisa. Just click on the new thread button below and fill in the details and then you will have your new thread:-

 

[determindator]

Hi to everyone,

 

I'm just starting the process of claiming back missold PPI. I will be starting with the initial letter to the company as shown at the beginning of thread. Can you tell me how I calculate the interest which which accrues on these lump sum type insce. My insce was for 3K and lasted for the same amount of years!!

 

Many thanks and look forward to being pointed to any info on threads which you feel is a good idea to look at.

 

Determind

[hellhasnofury]

Hi to everyone,

 

I'm just starting the process of claiming back missold PPI. I will be starting with the initial letter to the company as shown at the beginning of thread. Can you tell me how I calculate the interest which which accrues on these lump sum type insce. My insce was for 3K and lasted for the same amount of years!!

 

Many thanks and look forward to being pointed to any info on threads which you feel is a good idea to look at.

 

Determind

 

Hello Determinator,

 

Please start a new thread so all can see, read and advise accordingly. It will get lost on here,

[paulwlton]

Sorry if this has been asked but should a single premium ppi be cancelled automatically by the lender if the loan is defaulted.

[hellhasnofury]

Sorry if this has been asked but should a single premium ppi be cancelled automatically by the lender if the loan is defaulted.

Hello Paul

 

Nice to see you over here, I can't recall anybody asking that question and I am not 100% sure. I would image the answer is yes, but in my experience I found one company did automatically cancelled the ppi on the default of the loan and took the rebate for themselves. Another ran for a year after they defaulted the loan, till I found out and then I insisted It was cancelled.

 

Did you ever receive any terms and conditions relating to the ppi. I never did as many others never did.

 

Are you looking into reclaiming back your ppi? If so good luck.