Could I clam PPI?

[ragstar]

HI,

 

Me and my partner took out a loan with the halifax a few years ago, and were sold PPI. I dont think the lady specifically said that our loan would be refused if we didnt take PPI, but it was definately implied, however she did say we were more likely to be accepted for the loan if we did.(we actually had good credit at the time). I know we had initially said no, especially not really knowing what it meant, but obviously we wanted to get accepted so agreed.

 

I think a few years later poss 1/2 I got a call from the bank regarding the loan (well i presume it was for that loan, we had 2) asking how getting the loan went and were we happy? obviously not knowing about mis-selling back then, we just thought it was all the norm and said yes.

 

The thing is I want to know is could we claim on this as we defaulted on the loan after a few years I think, and I think the PPI stopped when the debt got passed to a DCA. I mean it might not even be worth claiming as I said we fell behind after poss 2/3 if that, and with the loan not fully paid off not sure if its even poss.

 

I am about to start repaying this loan when I set up a payment plan, but will probably get all my papers just to check, but i'm pretty sure the PPI stopped a long time ago. As we couldnt keep up with repayments.

 

Thanks

[ragstar]

BTW,

 

When we took out our mortgage, we were also given insurance TMP- total mortgage protection.

We never had a choice in this, or told we could shop around, just that we had to have it........is that correct with it being a mortgage or is that mis-sold aswell??. This also stopped about 2/3 years ago as we fell behind with payments on the mortgage,(had it for about 6 years i think),

so we just got a letter 1 day saying it was cancelled.

 

Thanks

[ims21]

Hi

 

Yep...put in a claim.

 

Have you got the loan agreements and records of payments made?

 

ims

[ragstar]

Hi ims21,

No not at the moment, I will have to send off a SAR to be sure of dates and totals. Do you think they are likely to payout as both were defaulted on and also not paid off yet?(both PPI and TMP ahve stopped on them though now because of this).

Thanks

[ims21]

Hi

 

Matters not whether they were defaulted or not. If they had your money and the PPI was mis-sold then you want it back.

 

I'd certainly bang in a claim

 

ims

[ragstar]

Hi

 

I forgot to ask, when I receive the SAR info, do I only claim to when the PPI was cancelled on the loan and the mortgage?

 

Thanks

[ims21]

Hi

 

Have a read of No.1 in my signature...there'some information there

 

When you cancelled the PPI you should really have received a rebate but the SAR will confirm or deny that.

 

Best do the SAR first and then you can do your calculations knowing what the actuality is.

 

In your SAR, add a paragraph which says you want a copy of the loan agreement as they may not provide it unless you highlight it.

 

ims