Sharmads v Cahoot

sharmads · 27th April 2009, 09:42

Hi,
We have had a fixed rate loan from Cahoot for about 3 and a half years with another 3 and a half to go. We are thinking about claiming back the PPI on this loan and are looking at where to start would appreciate anyones input into this.

Thanks in advance.

silverfox1961 · 27th April 2009, 09:47

HI,
A Subject Access Request is the way to go if you don't have all the statements on the account.

It costs £10
Send by recorded delivery
Give them 40 days to reply

sharmads · 27th April 2009, 10:11

Hi Silverfox1961

Is that necessary as the loan is online and it actually gives a breakdown of what the PPI is or am I being really thick!?

silverfox1961 · 27th April 2009, 10:38

Chances are that you will only get your PPI back if it was mis-sold. Online agreements have a tick box for you to click when you want to take PPI and your signature is replaced with a tick (unless they sent you a form to sign)

You will need statements as the PPI is split into monthly payments ( you can only claim back what you have paid, not the total) This obviously isn't nescessary if you know how much you have paid in PPI

sharmads · 27th April 2009, 12:36

Hi Silverfox1961,

Thanks so much for your help I'm going to go and see if I can dig out anything that they have sent and see where it takes me.

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