PPI reclaim on IGroup loan bought from Broker (Headland Finance Limited) in 2001

[Shekina123]

I took out a loan in 2001 from IGROUP loans.

 

I spoke to them last week about reclaiming my PPI.

I was (and still am) a Local Authority Officer at the time and would have received 6mths full pay and 6 months half pay if I became ill and could not work.

 

I have just come across the papers for the loan.

I made copious notes and there is no evidence of a discussion about what benefit my employer offered if I could not work.

 

They have informed me that they cannot offer a refund because the PPI was sold by a broker - Headland Finance.

 

What is the procedure if the PPI was sold by a broker?

 

All my monthly instalments were paid to IG loans not to the broker?

 

Is there anyone out there who can offer some advice?

 

I do not believe that the PPI was necessary.

[maroondevo52]

Hello and Welcome,

 

You will have to contact the broker, send them a Subject Access Request to get all the information you will need to claim back the PPI.

[Shekina123]

I should also have stated that the loan ran from the period March 2001 to March 2003 when it was repaid in full. I was never told that I had a choice about taking out the insurance.

[Shekina123]

I have a file with a copy of the original agreement. IS that sufficient or do I still need to request the SAR?

 

 

In your experience, do Brokers ever refund PPI? Sorry I have to ask. I am completely new to this.

[dx100uk]

I group (ge money) will always wriggle

 

If you type in igroup PPI in the search cag box of the red toolbar

There are successes and details there

 

Dx

[maroondevo52]

 

 

In your experience, do Brokers ever refund PPI? Sorry I have to ask. I am completely new to this.

 

Yes brokers do refund PPI, If you download the Consumer questionnaire from the FOS site in this link, fill it in and send it to the broker.

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/PPI.html

[Shekina123]

Thank you very much. I will let you know if I ever get a response.

[citizenB]

I have a file with a copy of the original agreement. IS that sufficient or do I still need to request the SAR?

 

 

In your experience, do Brokers ever refund PPI? Sorry I have to ask. I am completely new to this.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?446637-Ruling-could-pave-way-for-new-reopened-PPI-claims-where-a-broker-commission-was-charged