Possibility of recaliming ppi on Lloyds buisness loans?

[purp751]

Just a quick one is it possible to reclaim ppi on a business loan,

 

I know once in the past when the loans have been settled I have been refunded the premiums,

but on my present one I had to take out a life insurance at £x per month

 

rather than the total premium being added to the loan as has been the case in the past which I assume is due to the ppi scandal,

 

just curious at the moment as someone told me their bank had handed them a form in branch and suggested they try.

[filrobbo]

Yes you can you can get all the letters on here in the library

[dx100uk]

yes

 

go get it back

 

dx

[purp751]

How long ago can I claim from? assuming I still have the paperwork as I had loans with them back when they were TSB, thanks

[dx100uk]

there is no time limit on PPI reclaiming.

 

get an SAR off to them

 

dx

[purp751]

Thanks

[filrobbo]

Good luck to give you some inspiration,I have claimed PPI back from a loan I had from 1987-1992, and also loans and credit cards from 1998-2007.

I have got about £8000 back in all.

[purp751]

Thanks, I have had various loans and od's witht them since I started the business back in 1996, so fingers crossed !

[purp751]

Quick update

 

sent Lloyds a SAR letter with the money and

 

after waiting a package came the other day,

 

which contains all the statements for my current personal account with them,

 

this was not what was requested and the personal account number was not on the letter,

 

they have said they no longer have any records for my old TSB account due to its age

but have sent nothing to do with my current Lloyds business account which was also requested,

 

they have not sent any credit agreements, insurance agreements etc that were requested, so whats the next step?

 

Thanks

[dx100uk]

has the 40 days run

 

dx

[purp751]

Hi DX yes it has letter was sent 15th August, Thanks

[dx100uk]

give them a ring and ask why it was not included in the sar

 

dx

[purp751]

Quick update,

 

haven't had a chance to ring them about it as working awkward hours at the minute

 

but have found the paperwork from the loand agreements

and I think one of the od's

but not sure what exactly I'm looking for on them as the insurance doesnt seem to be specifically list on the agreements.

[dx100uk]

you'll need to look at the statements of each to see if the PPI shows each month

 

dx

[purp751]

All the paperwork regarding my business accounts turned up out of the blue the other day with a letter apologising for the delay in sending them, what do I need to look for in the paperwork to find out if there was PPI on the loans?

[dx100uk]

should be mentioned on the actual agreements

 

if not

 

look at the first few pages of the loans statement

 

that should show it front loaded.

 

credit cards and bank accounts

it will normally be listed on each monthly statement

 

dx

[purp751]

Final update to this as not been on the forum in quite a while,

never got as far as sorting it out myself

 

 

around september last year Lloyds sent me out a form to sign if I wanted to claim PPI

 

 

in the end they agreed my claim on 5 out of 7 loans I've had over the years and paid be back just over £8000

[filrobbo]

Well done that's the way to do it, any cards to go at