ge money ppi

[WAG687]

Hi,

 

Need help with a ppi claim for igroup-gemoney.

 

Had a loan in 2004 and paid off in 2007,

we were going to go through claims company,

but they have binned this because the finance company who we went through apparently no longer exist

and as it was prior to 2005 they say they can do nothing.

 

Is there anything we can do ourselves

 

i have a copy of the agreements and the original form filled in,

we have ppi on it but we told to tick this box:?: as it would help our application.

[ims21]

Hi

 

Well you had a luck escape with the claims company. They can do nothing that you can't do for yourself.

 

GE can be a tough nut to crack.

 

Is you agreement regulated by the CCA 1974?

 

Always start your claim with the lender.

 

Go to the fos website and download their consumer questionnaire and complete it.

 

Have a read of No.1 in my signature which will give you details and spreadsheet on how to work out the claim amount.

 

When you have done your spreadsheet and questionnaire send them to GE with a brief covering letter requiring refund. They will have 8 weeks to respond and give you a decision. Don't forget to keep copiesof what you send and of you can, send the stuff recorded delivery so you can track receipt.

 

ims

[WAG687]

thanks for that will get on to it and see how i get on?

[WAG687]

also can any one help me Black Horse finance, i have today received a letter from them stating that they will give me a full refund of ppi + interest but say i am in arrears with then account.. I no longer pay Black Horse as i received a letter from Direct Legal Collections stating they had taken over this account last September. Should i receive all this money back? Your advise would be appreciated.

[ims21]

also can any one help me Black Horse finance, i have today received a letter from them stating that they will give me a full refund of ppi + interest but say i am in arrears with then account.. I no longer pay Black Horse as i received a letter from Direct Legal Collections stating they had taken over this account last September. Should i receive all this money back? Your advise would be appreciated.

 

If the BH debt has been sold then they cannot set-off.

 

If BH still own the debt and DLC are collecting on behalf of Black Horse then they can set off against notified arrears only.

 

You need to check and see if the debt was sold on.

[WAG687]

Looked on my credit file cannot see anything for direct legal ?

[ims21]

Is it still under BH on your CRA file?

 

Also check the letter you referred to...what is the wording on it?

[WAG687]

Can see Black Horse, the wording was basically as from Sept 2011 i no longer pay Black Horse all payments to go through them, cannot remeber anything else and cannot find letter, should i contact Direct legal and see what they say?

[ims21]

No need to contact DLC

 

If BH are showing on your CRA file then they are still the owner and can set off against notified arrears.

 

If it were me I'd drop DLC from the loop and make your payments to BH.

[WAG687]

Thanks for that, will contact Black Horse.

[WAG687]

Result, have just found the letter from Black Horse notifying us of the Sale of the Debt to Hillesden Securities trading as Direct Legal Collections on 24/08/2011.

 

In it they state the following.

 

We hereby give notice of the assigment of the debt due to us from you in respect of Balance £####.## oustanding on your Black Horse Account.

On the 24/08/2011 your acount was sold to dlc.

 

Any further communications and payments including payments under exsisting arrangements with Black Horse Ltd must therefore be addressed to direct legal & collections at

 

 

then there address.

 

 

Does this mean we can now tell Black Horse that all monies to be paid to us?

[ims21]

Does this mean we can now tell Black Horse that all monies to be paid to us?

 

Yes

[WAG687]

Many thanks, sorry to be a pain but your help is really appreciated.

[ims21]

No worries.....that's what we're here for.

 

Wonder why DLC haven't updated your CRA file to show themselves being the new owner...still, not a major issue

[WAG687]

will send letter and ring Black Horse after Bank Holiday and ask them to readjust the figures they have sent me, will i need to send them a copy of the letters i have, do you think, i do not want to sign this other one, and send it back as they may take that as acceptance.

[ims21]

Have you checked whether their offer figures in total are correct? If you are happy with the amount of redress then you can accept the figures in principle but in the same letter you tell them that as they no longer own the debt/account then there is no right of set-off and that the full amount must be paid to you and you look forward to receiving their cheque for the full amount due.

 

Should you need it there is case law on this....

 

The case of Edlington Properties v. Fenner & Co. Ltd [2005] EWHC 2158 (QB) affirms this position that the assignor has no right of set-off to a third party (assignee) for a damages claim brought against it post-assignment, as any equitable set-off in this regard is personal in nature and the debt sold is not transferred subject to it.

[WAG687]

Once again many thanks, will do this as soon as.

[noodle212]

Hi I purchased my loans inclusive of missold ppis from freedom finance....I was totally unaware that the ppi provided was from the following companies... who no longer trade...they were Caracass and Bespoke... both of them together cost myself 8000 pounds... does anyone know of a way to continue to claim against these people.

[FANTASY CHARGES]

Once again many thanks, will do this as soon as.

 

update please