PPI - Breach of Contract

[Smeagol]

Not certain where exactly to post this so here seems to be not unreasonable.

 

I have a couple of (well old) loan agreements both of which were covered by PPI.

 

I became unemployed through ill health in 1997 for a protracted period of time and submitted claims through the lenders for the PPI (sold by them) to be invoked to discharge the loan balance within the terms of the contracts.

 

For unspecified reasons the loans still have the outstanding balances on them and I am continually harassed by one DCA after another. So far as I am concerned the correct action was the proper discharge of the debts under the terms of the insurance agreements.

 

Since 2007 I have been subjected to continual harassment and my "credit score" flags up adversely because of breaches of contract by the lenders/insurers.

 

I'd like to get these monkeys off my back so would appreciate any guidance as to the proper procedure for doing this (bearing in mind that my own attempts to resolve matters (writing to the lenders and insurers) hasn't borne fruit.

 

Ideally I'd also appreciate some recompense for six years of harassment and the the negative impact on my ability to obtain credit.

[citizenB]

Have you spoken to the Original creditor ? If the loans were supposed to have been discharged under the PPI, then you need to know why there are outstanding balances. ?

[citizenB]

When was the last time payment was made to the accounts, either by you or the Insurer ?

[dx100uk]

and what is the default date on that cra file?

 

if its 2007 it should be dropping off soon.

 

dx

[Smeagol]

I believe that the last payment made by me on the accounts was mid-2007. I don't believe that the insurer ever paid anything, as the balances still appear to be the 2007 balances. Am I right in thinking that the accounts become time expired after 6 years with no activity? How does that work if the balance has been sold to one DCA after another?

[dx100uk]

still SB'd after 6yrs no payment

 

dx

[Smeagol]

Just revisiting an old post with a new development.

 

This Black Horse unsecured personal loan was covered by PPI. It was a joint loan. One of the parties to the loan lost her job in 2007 and claimed using said PPI. Black Horse, as always, failed to act on the claim and eventually dismissed it though loss of employment was covered by the PPI (of course).

 

After writing (years ago) to the lender to put the account into dispute no further contact was made with the original lender or with any of the many DCAs who attempted coercion other than to state that the account remained in dispute with the original lender.

 

We recently received correspondence from the original lender offering a settlement of the PPI to which we have made no response including not signing the acceptance nor returning the same to the original lender.

 

We have now received the first of two cheques in the sum of the PPI offers to which neither of us have responded. I imagine that the second cheque will arrive shortly.

 

As we haven't responded to any offer then do these cheques constitute an unconditional gift?

 

Would it be prejudicial to bank the cheques?

 

In view of the fact that there has been no substantive action in respect of the disputed account since 2007 am I correct in now taking the view that the original loan (which should, in any event, have been cleared by the PPI) is now Statute Barred and therefore must be struck off?

 

Ar there any further actions which we should take in respect of this joint, unsecured load and its PPI?

 

Thanks, in anticipation.

[dx100uk]

as POST 6

once sb'd always sb'd

 

 

though you have checked the ppi repayment is correct?

 

 

dx