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Go Back   The Consumer Forums > The Consumer Forums
The Consumer Action Group
> Payment Protection Insurance (PPI)

Payment Protection Insurance (PPI) The misselling of Payment Protection Insurance is widespread, and believed to run into billions of pounds. This forum will help you to see if you have a valid claim for a refund, and guide you through the process.


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Old 12th December 2007, 10:18   #1 (permalink)
debt_mountain
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Watch out, there are Claims Touts about!

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Join Date: Aug 2006
Posts: 1,077
debt_mountain Informativedebt_mountain Informativedebt_mountain Informative
Default Advice tried to cancel your PPI outwith the first 30 days Debt Mountain vs Blackhorse

I was struggling to find an answer to this question when I started looking and thought it worth a post of it own.

I took out a loan in Sep 1999 and sent a letter to cancel the PPI in Jan 2000 and was told no you cant it is out with the 30 day cancellation period.

I then sent them a copy of both letters and they have agreed to refund in full from the date I cancelled.

They plan on paying me contractual interest from my cancellation request until settlement then 8% from then on

BUT

I have now calculated the refund (and faxed my figures to them) and worked it out using the CI through the loan and then CI through the second loan I took with them to settle the first loan and then CI through the third loan I took with them to settle the second loan and then CI through the forth loan I took with them to settle the third loan ( I paid off the fourth loan with bank charge refunds from Nationwide and Blackhorse)and then 8% for the remainder upto the date of refund (all these CI added £800 to the total.
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