PPI sold when I was a student

[vicakers]

Hi,

When I was starting my degree in 1996 I opened a Barclaycard account. they sold me PPI despite the fact that I was a full-time student. From what I understand I have a good case that this was mis-sold?
shall I just write them a letter asking for a full refund plus contractual interest? Can I claim back to 1996? Thanks for your help.

PS I also believe BC are trying to do me over as I successfully won over a bank charge claim. But that will be posted in the banks revenge section!!!

Mark

[Michael Browne]

This should help:

PPI - Consumer Wiki

[vicakers]

Thank you Michael Browne, I will send off template letter ASAP. PS, Iknow there is a statutory interest calculator, but how can I work out contractual interest which is currently 27.9%?

Vicakers

[graceful_willow]

change the 8% on the spreadsheet to 27.9%. that should do it.

goodluck on your claim.

[vicakers]

Hello All,

I received a letter from BC following the one I sent asking for a refund of premiums due to the fact that I was mis-sold PPI as I was a full-time student.

Their letter was a 'FINAL RESPONSE' generic letter stating that I should have checked the policy when I bought it, I had a cooling off period to check the documents, I should have cancelled it earlier, it was my fault I did not check my policy schedule detailing the exclusions BLAH BLAH BLAH.

What should my next move be? I think I should probably ask them to send me my terms and conditions, CCA (including PPI policy schedule) before writing to the FOS. What do you think?

I am annoyed that they are not even denying it was mis-sold, they are basically saying I should have checked the policy was write for me. According to them it is tough luck!

[hellhasnofury]

Originally Posted by vicakers

Hello All,

I received a letter from BC following the one I sent asking for a refund of premiums due to the fact that I was mis-sold PPI as I was a full-time student.

Their letter was a 'FINAL RESPONSE' generic letter stating that I should have checked the policy when I bought it, I had a cooling off period to check the documents, I should have cancelled it earlier, it was my fault I did not check my policy schedule detailing the exclusions BLAH BLAH BLAH.

What should my next move be? I think I should probably ask them to send me my terms and conditions, CCA (including PPI policy schedule) before writing to the FOS. What do you think?

I am annoyed that they are not even denying it was mis-sold, they are basically saying I should have checked the policy was write for me. According to them it is tough luck!

Hello,

So nothing changes there then They have a responsibility to check that the insurances they sell are fit for the purpose it is sold for How was it sold to you, did they go through a pre-check list to ascertain it was fit for purpose

I would write back to them stating that you do not accept their generic response and if they don't come back with your money you are going to the fos and or court, this will show how unreasonable they are being, but what the heck we are talking about BC.

Send off a section 77/78 request for a true copy of your credit agreement, this should include the terms and conditions relevant to 1996 and a statement of the account. The have strict timelimits to get it to you. 12+2 postage(breach) and then a further 30days (criminal default)

Creditors and DCAs - Letter Templates & Budget Planner

You need letter N

Don't be put off by their behaviour,be determined to get your money back.

I also think it is important to wait till you get your credit agreement or not as the case may be, and then report them to the Office of Fair Trading, The Financial Serivce Authority and trading standard who would not do anything to investigate a single complaint, but they do add it to their files and if they get enough complaints they may get a heffy fine.

Good luck and keep us posted

[vicakers]

I don't remember them asking my employment status. Surely if they had asked they would have learnt that I was a student and I would not have paid for something I did not need!!!
Thats great, I appreciate your advice. Will send off credit agreement request ASAP. Will keep you informed.

[vicakers]

Hello,

Following your advice, I sent a CCA. Over a month has elapsed now. Should I communicate with Barclaycard or should I just commence my PPI complaint
with the Financial Ombudsman? Many thanks,

Vic

[vicakers]

Sorry I should have mentioned I have not received my CCA or anything else for that matter from BC!

[alanalana]

Hello vicakers,

did you send the statutory £1.00 fee with your CCA?

If you did then they are in breach of the CCA 1974 and you can now complain to the Information Commissioners Office to inform the Commissioner about the breach of the Act.

As your claim is over 6 years old you are probably going to have to go down the court route so I would suggest you make all attempts to get the CCA from them, you do not want them producing something last minute to throw you off your guard.

Good luck

aa

[DonkeyB]

Hi Vicakers, any more news on this?

Also, does anyone know if misselling claims are limited to the last six years? I seem to remember reading somewhere that, as with missold endowments, you can reclaim ALL premiums paid.

Yrs, DonkeyB