Trying to reclaim PPI, but Paragon says no

[OnMyWayOut]

I had a personal loan from 1999 which had PPI on it.

I didn't request PPI but the box on the CCA had a pre-printed tick in it.

 

On challenging the PPI,

Paragon claim the loan wasn't dependent on PPI and that they weren't regulated at the time so I have no claim against them.

 

The FOS haven't been much help.

I've read a thread by user justice4me from 2012 where they managed to successfully make a PPI claim in much the same situation.

 

Does anyone have any information regarding what is needed to successfully make a PPI claim against Paragon?

 

Cheers,

OMWO

[BankFodder]

When you say that the FOS haven't been much help, what do you mean?

[dx100uk]

no but their underwriters were....

 

dx

[OnMyWayOut]

Sorry, something came up that kept me away the computer. I also needed to find the FOS letter. The summarising statement in their letter says: -

 

Unfortunately, because of the date your PPI policy was sold to you, it doesn't look like your complaint is something we can look into, as Paragon was not covered by our service at that time.

 

I've found the CCA and although there's no tick box on the form as I mentioned earlier, all the PPI boxes had the information pre-printed with no option to decline. No policy documents were issued and I don't know who the policy was provided by. Another question arises from the Ts&Cs that were provided - there's no mention of the right to assign the debt, yet it was sold on to a third party debt collector.

[dx100uk]

for a loan of that date you'd have to go after the underwriters of the insurance who might have been registered on that date

 

as for the sale

sadly it will be there

[OnMyWayOut]

Thanks, I'll have to chase up Paragon for the details as none were provided.

[dx100uk]

look on other paragon threads here