ppi reclaim

[alymac]

i have two companys who have wrongfully sold me ppi insurance, firstly the yorkshire bank, i applied for a 16000 loan which i was told i had more chance of acceptance if i had ppi in place, as i the branch had to get head office to ok a loan over 15000.

also egg i had a loan for around 11000 which at the time i repetaly told them i had no need for ppi which the sold me any way, i telephone then to cancel it which when i told them i did not require ppi they reduced the level of cover i would recieve in the mean time i treid on 3 or 4 more times to cancel the cover they still talked me out of cancelling.

both loans were repaid early, yorkshire ppi was added at the start of the loan with interest added.

i have no dependants and a partner who earns also equity in the houses i owned, paid sick leave and a trade in demand so i felt that i did not need ppi on both accounts.

if some one can advise me on which route to start with, S.A.R - (Subject Access Request) or a letter detailling why i was missold.

[hellhasnofury]

Originally Posted by alymac

i have two companys who have wrongfully sold me ppi insurance, firstly the yorkshire bank, i applied for a 16000 loan which i was told i had more chance of acceptance if i had ppi in place, as i the branch had to get head office to ok a loan over 15000.

also egg i had a loan for around 11000 which at the time i repetaly told them i had no need for ppi which the sold me any way, i telephone then to cancel it which when i told them i did not require ppi they reduced the level of cover i would recieve in the mean time i treid on 3 or 4 more times to cancel the cover they still talked me out of cancelling.

both loans were repaid early, yorkshire ppi was added at the start of the loan with interest added.

i have no dependants and a partner who earns also equity in the houses i owned, paid sick leave and a trade in demand so i felt that i did not need ppi on both accounts.

if some one can advise me on which route to start with, S.A.R - (Subject Access Request) or a letter detailling why i was missold.

Hello and welcome,

The route you need to start is
1. send your S.A.R - (Subject Access Request) you will find it in this link

Full S.A.R - (Subject Access Request) for ppi

Get your info needed, and do a spreadsheet to work out the contractual interest that you want on top of the premium and the interest charged

2. Send your prelim letter asking for it back give 14days

3. Send you lba give 14days

4. Issue court claim or fos
When you need letters there are some kicking about the ppi thread or int the ppi sticky.

Sout if you need help

[cleverclover]

Can I ask what a lba is as I have no Idea.

[hellhasnofury]

Originally Posted by cleverclover

Can I ask what a lba is as I have no Idea.

Sorry cleverclover, the lba means your letter before action.

You send the preliminary letter, your fist letter asking for it back you give them 14days..

If you get a response and it is not to your liking you then sent the letter before action telling them if they do not respond in the next 14days, you will issue and court claim or if it is after 2004 you will ask the Financial Ombudsman to investigate your comlaint.

I hope I have made this a bit clearer for you.

[cleverclover]

Thank you

[hellhasnofury]

Originally Posted by cleverclover

Thank you

You are most welcome,

If you need help with anything just ask