2 defaulted and statue barred egg loans with miss sold ppi

[LONANDLEW]

Hi

 

Would like some advice about 2 loans that I took out in 2005 with egg to consolidate credit cards, car purchase etc after getting a mortgage in 2004.

 

Both loans were for just under £25k each and it was more or less implied that if I took out PPI that the loans would be easier to be accepted for and that I would be able to claim if I was not able to work for any reason even though I was self employed.

 

Roll onto end of 2008 where my ex wife and I started having relationship problems and I started struggling to make the repayments but feeling that I had a duty to repay I struggled on trying to keep the repayments up to date even when I could not carry on working at the end of 2009 when I became a single parent. By March/April 2010 I could not make the payments so the loans went into default officially.

 

I spent the next 6 years struggling to bring up my kids as a single parent and have been chased to repay the loans via lots of different debt collection companies but was never in the position to pay anything

 

So now in 2016 the loans have both been removed from my credit report (such a relief as can start rebuilding my credit worthiness).

 

I did receive a questionnaire for both loans from Canada Square Operations in 2013 about my PPI but because of my financial situation I just filed them as I was worried that it was a ploy to get me to pay money to them that I could not afford. It does state in the covering letter that they that the loans where now being administered by Britannica Recoveries but does not say the debt had been sold to them. It also lists the reasons that they think I would be entitled to a refund for and they are for it being implied that by taking PPI I would get the loans and that when self employed I could only claim if I could not work at all.

 

My question is would it be worthwhile sending in the questionnaire now to apply for a refund.

 

Many thanks in advance

 

Allister

[dx100uk]

they certainly cant off set the PPI against the outstanding balance

if they have sold the debts on.

however as its been 3yrs since the sent you the letter?

then they could turn around and say your claim is out of time.

 

 

have you got all the statements?

if not send Canadian square an SAR