Sainsbury Loan PPI -

[robert_harper_2000]

I've been reading A LOT about this and hopefully I've picked up the gist of it. This loan was organised over the phone for £5,000.00

 

http://i176.photobucket.com/albums/w197/robert_harper_2000/Sainsburys.jpg

 

This is my brothers CCA (blocked all details; this time- Sorry about before).

 

It has been signed by both parties.

 

Problems I think.

1. No cancellation period or rights mentioned, it may have came as a seperate sheet though? Nothing about cooling off period etc

2. The PPI (which is also mis-sold) doesn't have a signature it was typed in by Sainsburys along with the date, my brother only signed the bottom of the agreement.

3. The PPI doesn't have the APR infact the box is blank!

4. The total charge for credit has included the interest on the amount borrowed but also the interest on the insurance. I was reading London North securities V Meadows & anr and although their insurance premium was included, I wondered if this was valid. If I am correct - this hasn't been amended has it?

5. Is it possible for me to ask for the telephone record? As they also gave him a credit card which he wouldn't have applied but it mentioned 'further to the telephone call I'll accepted your request for the credit card'.

 

I would appreciate ALL advice tips as I will purse this to the end!

'it's the principle' for me anyway, also think brother would be pleased to get this sorted out.

[robert_harper_2000]

tamadus:

Basically if you have been charged interest onm the cost of the PPI and it hasnt been included in the total charge for credit then you should have a good case.

 

Ah so tehy are correct in charging for interest on the PPI in the total charge for credit...

 

tamadus:

Once the account is settled then the agreement terminates naturally so isn't needed any longer. Your case would of course be easier to prove with it as it should state the total charge for credit.

 

This isn't looking good.....

 

Only 1, 3 & 5 left! Anyone?

[robert_harper_2000]

Bump

 

Anyone see anything wrong?

[robert_harper_2000]

I sent off requesting a copy of a loan agreement.

Nothing else asked.

 

A week later I received a copy of an agreement showing the PPI and all the details.

 

A week after this I receive a second copy of an agreement.

 

The second one has the insurance bit blanked out and hand written across the top 'Best Copy' and on the front page they have written 'NO PPI ON LOAN'.

 

 

Is this common place ?

[dx100uk]

can we see the agreements please

 

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

or

convert existing PC files to PDF [office has an installable print to PDF option]

.'

BUT......

ENSURE: remove all pers info inc barcodes etc using paint program

but leave all figures and dates.

.

goto one of the many free online pdf converter websites

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

.

dx

[42man]

I think the newspapers would be interested in this as well as your local MP......who were providing Sainsbury's loans at the time ? was it RBS ?

[citizenB]

Yes, can you please post up both copies so we can see what they have done.

[robert_harper_2000]

I have had Martin from Site admin contact me

I have scanned the copies to him.

 

I will edit these copies for the site.

 

I still can't believe they have actually done this about insurance - was worth £778

- Its probably a small amount for them anyway

 

I will try to do it when I get back home tonight.

 

Thanks for your replies it really helps keep everyone going knowing they have support!!

[BankFodder]

Can you tell us all about the loan - dates, amounts etc and what problems there were. Why did ylu want to see the agreement?

[BankFodder]

I've just received copies of the agreements. They seem to refer to different loans. They have different numbers and one was signed in 2003 and the other was signed in 2005