EGG Loan

Talbot · 29th December 2008, 17:04

Hi,

I am new to this site, I have an egg loan but i requested not to have PPI how do I find out if they have built it in to the agreement. Also are PPIs restricted to loans or are they built in to credit cards? cheers

pinknico · 29th December 2008, 17:49

You can either ask for a copy of your agreement from Egg enclosing £1 or send a full Subject Access Request request enclosing £10 and they should send you all the information they hold about you and the loan.

PPI can also be on credit cards.

alanalana · 30th December 2008, 07:44

Hello Talbot welcome to the PPI forum,

Quote:

I am new to this site, I have an egg loan but i requested not to have PPI how do I find out if they have built it in to the agreement. Also are PPIs restricted to loans or are they built in to credit cards? cheers

On the good advice of Pinknico you need to gather the information they have on you and your card/Loan.

Once you have this you can submit a claim for a refund if you believe you have a valid case.

Before you proceed Please have a look at the information provided and read a few threads that may help you get started.................. .. links

Lots of information i here some will help your claim and some will not please pick through it all it will take time but it will help you

aa

militantconsumer · 30th December 2008, 15:40

Subscribing

Talbot · 31st December 2008, 10:41

Hi Guys,

Done a little research on my paymnets, using a mortagage calculator online it seems my payments plus interest equates to the correct amount borrowed so it doesn't look like they have any hidden PPI's but I don't remember signing any forms for this loan. Is it worth pursuing based on the new laws on interent forms (taken out Feb 07)?

alanalana · 31st December 2008, 21:11

Hello Talbot,

Quote:

Hi Guys,

Done a little research on my paymnets, using a mortagage calculator online it seems my payments plus interest equates to the correct amount borrowed your payments plus interest could include PPI you are not aware of so it doesn't look like they have any hidden PPI's but I don't remember signing any forms for this loan. Is it worth pursuing based on the new laws on interent forms (taken out Feb 07)? I am not sure on this point.

I would still go down the route of sending a Subject Access Request if you do not have a copy of the Consumer Credit Agreement it could show any hidden figures on the PPI issue. You see in a lot of cases the PPI has been added to the Loan amount without the knowledge of the debtor and people are only discovering this years later.

aa

Talbot · 1st January 2009, 13:35

Thanks for that never looked at it that way but why they add the PPI into the interest rate if I am happy to pay the interest i.e. if they charge me 10% interest and I am happy with that why would they do 8% plus 2% PPI?? Is it to cover there own backs??

Talbot · 6th January 2009, 14:42

Anyone got the address to send EGG a CCA??

militantconsumer · 6th January 2009, 15:02

I'm pretty sure it all comes from their Pride Park Derby 3GG address.

pinknico · 6th January 2009, 15:25

Egg Banking PLC, Riverside Road, Pride Park, Derby. DE99 N3GG

Talbot · 21st February 2009, 17:54

After dealing with payplan I am sending out a standard can't afford more than £1 month please freeze interest etc to see what feedback I get from that. The usual I expect but can't get money were there is none

Talbot · 9th March 2009, 16:37

Had the usual replies, letter telling me my DD has been cancelled also e-mails directing me to the egg site with messages about payments not being made etc. Will be end of the month before i default on payment because too late to cancel the last one

Talbot · 23rd March 2009, 15:58

ok i'm ready to pay them there first £1, can anyone suggest the best way to do it. Online it won't let you pay less than the agreed monthly payment. Shall i send a postal order and what letter can you suggest I send along with it?

militantconsumer · 23rd March 2009, 19:37

You can definitely pay by standing order from your account. Egg have their own sort code plus the account number is, I think, your loan account number.

My friend set this up for her loan when she did a DIY payment plan, and it's working fine.

Talbot · 1st April 2009, 11:38

ok had a phone call yesterday and one today asking for payment. Caught me off guard if truth be told. Anyway last month I sent the £1 with an income and expenditure but I was late doing it so the payment came out of my bank. My question is should they have used that £1 for this month or is that not how it works. If not I will send a chq for £1 today then I know they have taken it.

Talbot · 1st April 2009, 22:33

sent the chq for £1, had another phonecall this evening. didn't even give them chance to talk just explained already been discussed sent letter etc not putting phone down 'no offence'.

Also they never ask any security questions. I will send off the harrassement letter this weekend.

Talbot · 2nd April 2009, 09:08

another phonecall from egg, i was a little bit rude asked them if they are stupid and put phone down. Shall i send an harrassement letter

Talbot · 2nd April 2009, 09:09

can you put this thread in the egg section instead of PPI section. Cheers.

militantconsumer · 2nd April 2009, 12:21

Did you ever find out if there was any PPI on your loan? Did you send for a copy of the agreement?

alanalana · 2nd April 2009, 15:53

Quote:

can you put this thread in the egg section instead of PPI section. Cheers.

Moving your thread over to Egg now

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