Help Against Capital One Claim for PPI

scoobydoo2007 · 13th December 2007, 01:05

I AM 61 YEARS OLD FEMALE AND BEEN MADE FORCED REDUNDANCY DUE TO MY EMPLOYEES COMPANY HAS GONE INTO ADMINASTRATION BEEN WITH THE COMPANY 37 YEARS AND HAVE GOTTEN PPI WITH ALL CREDIT CARDS AND LOANS.

THEY WILL COVER FOR REDUNDANCY BUT WANT ME TO EITHER SIGN ON OR SEARCH FOR JOBS AND PROVIDE 3 LETTERS TO JOBS I HAD REPLYS FROM EVERY MONTH.

AND DUE TO MY AGE I CANNOT SIGN ON DUE TO THAT I RECIEVE PENSION BUT SEEING CITIZENS ADVICE NEXT FRIDAY PLEASE HELP ANYONE

IF I PUT IN FOR RETIREMENT THEY WILL NOT COVER FOR ME BUT DUE TO FORCED REDUNDANCY AND OWE £ 7000 TO ALL CARDS AN LOAN AND CANNOT AFFORD THAT BEING ON A PENSION.

THANKS X

scoobydoo2007 · 13th December 2007, 01:08

I AM 61 YEARS OLD FEMALE AND BEEN MADE FORCED REDUNDANCY DUE TO MY EMPLOYEES COMPANY HAS GONE INTO ADMINASTRATION BEEN WITH THE COMPANY 37 YEARS AND HAVE GOTTEN PPI WITH ALL CREDIT CARDS AND LOANS.

THEY WILL COVER FOR REDUNDANCY BUT WANT ME TO EITHER SIGN ON OR SEARCH FOR JOBS AND PROVIDE 3 LETTERS TO JOBS I HAD REPLYS FROM EVERY MONTH.

AND DUE TO MY AGE I CANNOT SIGN ON DUE TO THAT I RECIEVE PENSION BUT SEEING CITIZENS ADVICE NEXT FRIDAY PLEASE HELP ANYONE

IF I PUT IN FOR RETIREMENT THEY WILL NOT COVER FOR ME BUT DUE TO FORCED REDUNDANCY AND OWE £ 7000 TO ALL CARDS AN LOAN AND CANNOT AFFORD THAT BEING ON A PENSION.

THANKS X

debt_mountain · 13th December 2007, 08:57

I think there is some information in the site about being mis-sold PPI if it runs into your pensionable age as they should not have sold it to you if it goes beyond that.

I will see what I can find but I am sure someone with more knowledge will be along very soon.

debt_mountain · 13th December 2007, 10:06

Have a read at this other helpful site, it has info about PPI and retirement age... come back to use when you have drafted (modified the template) a letter and we can help some more

PPI Reclaiming Guide: Free template letters to get £1,000s back on loan insurance...

steven4064 · 13th December 2007, 18:19

Would it be worth applying for 3 jobs a month in order to benefit from PPI? You never know, you might actually get another job

(Personally, I see so many people who have paid PPI and then can't benefit when they need it that I would love to see someone actually getting ther money's worth out of it.)

scoobydoo2007 · 13th December 2007, 19:56

Is There Any Way That I Could Claim For Redundancy Using The Ppi But Not Return Back To Work Due To Would Like To Retire

If I State That I Am Retiring Then I Cannot Claim?

Please Help Anyone Thanks X

WendyB · 13th December 2007, 20:07

I don't think it matters whether you receive a pension or not, if you've paid the correct stamps/National Insurance you should be entitled to JSA (Job Seekers Allowance) for 6 months. Any redundancy or wages in lieu might affect this though, best to check with the Benefits Office (Jobcentre Plus they're called now) And even if you can't get JSA you can still sign on every week, just to show that you are available for work, and also to get credits for your "stamps".

caro · 13th December 2007, 20:56

Are these conditions made clear in your contract? I'm wondering if this is a case of mis-sold PPI, in which case you could claim it back, and put that towards your debts.

I'm moving your thread to the PPI forum.

hellhasnofury · 13th December 2007, 21:06

These financial companies beggar belief, they sell you ppi, to protect their payments (not yours) and when you need them, they will make it as difficult as possible.

If you have paid for this every month to find it is of no use to you, then reclaim back every penny you have paid them, plus interest.

Did you choose to have it, or was it just applied.

alanfromderby · 13th December 2007, 23:57

I think the Citizens Advice Bureau are the best people to help. However, do you know how much the PPI has cost you, and how much is owed on the loan.

If you cannot make a claim on the PPI, the as DM has said, the PPI was almost certainly missold, and you should be able to claim a refund plus interest.

debt_mountain · 14th December 2007, 09:11

Quote:

Originally Posted by scoobydoo2007

Is There Any Way That I Could Claim For Redundancy Using The Ppi But Not Return Back To Work Due To Would Like To Retire

If I State That I Am Retiring Then I Cannot Claim?

Please Help Anyone Thanks X

I think Alan is correct, firstly speak to Citizens Advice Bureau.

I think you will find that for the PPI to pay up under redundancy you have to continue to be redundant as it will only pay out each month to make your normal payments. It will not pay off the full debt (that would only have been under the life part of it - I am guessing here).

Again as Alan said you need to check the outstanding balance of each debt and the amount of PPI you have been paying that was possibly mis-sold. Add the contractual interest to that and see how close it comes to paying off the debt.

another thing to look at is have you have previous loand/credit cards that you may have had mis-sold PPI on that you can claim for and also use that to clear the debt.

Post some of the figures and interest rates, balances and ppi payments etc on this tread and let the knowledgable folks get their teeth into them.

scoobydoo2007 · 14th December 2007, 15:50

i cannot sign on due to that i am over 60 years of age due to mbeing an female really don't want another job because i can retire with an nice little pension but cannot afford the repayments really but if i go for 3 jobs a month then they will pay for it

hellhasnofury · 14th December 2007, 16:34

Quote:

Originally Posted by scoobydoo2007

i cannot sign on due to that i am over 60 years of age due to mbeing an female really don't want another job because i can retire with an nice little pension but cannot afford the repayments really but if i go for 3 jobs a month then they will pay for it

Hello, SD,

Do you have the terms and conditions of the policy that they should have sent you.?????? What does it state about your age on the policy????

What about any redundacy pay, can that help to reduce the balance

alanfromderby · 14th December 2007, 17:27

Duplicate threads merged.

scoobydoo2007 · 22nd December 2007, 23:42

I have been to CAB for some advise will list the information tomorrow but current debt are and all covered with ppi:

Mint had for 8 months £1000 remaining
Capital had for 12 months transferred £3,500 currently gotten now £2.500
Yorkshire bank 5 year Loan had for 15 months now of £2000
Lloyds TSB Credit Card took out over 10 Years ago now Owe £1300
Lloyds TSB 2 year Loan taken out 19 months ago currently owe £650

But I looks Like that I have been mis sold payment protection insurance

scoobydoo2007 · 22nd December 2007, 23:43

Quote:

Originally Posted by debt_mountain

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