Hhmmmm.....Very Interesting - Page 2

skbuncks · 22nd January 2007, 14:09

Quote:

Originally Posted by bally35

if you can prove taht your contracts were tempoarary at this point I imagine that is all the proof that you will need.
Cite your previous experience of trying to claim whilst on a temp contract (why would you want to do that again?)

For the first loan your right I think that is all the proof I need (getting the proof maybe problematic however). For all subsequent loans however I was in full time employment.

skbuncks · 22nd January 2007, 14:12

Quote:

Originally Posted by reidnet

There was a rule brought in , I think it was from Feb 2005 that any Agreement has to Include a total charge for credit. As far as I can remember this was introduced by the FSA..I will have a look later when I have more time. I have it on file somewhere..lol

And it has to be laid out ..along these lines

Loan amount Interest Amount Total

PPI Cost Interest Amount Total

Hi Reidnet. Were there any rules regarding the above in effect pre 2005, as all my loans were taken out before then

reidnet · 22nd January 2007, 19:59

Hi SKbuncks,
Before the FSA brought out that rule in 2005 it was not essential to split the total cost of credit in the fashion as mentioned above. It was basically a free for all before that ruling was brought in.

The rule was brought in to stop consumers being mislead into the actual cost of the loan and the PPI. Did it work..I Think Not..

Ian

boxer64 · 26th January 2007, 15:29

Quote:

Originally Posted by skbuncks

The spreadsheets i used for my calculations can be found here

PPI for posting web.xls

skb

hi iv been unable to upload the spreadsheet you mentioned any alternative
ive got a couple of ppi claims to make on personall loans
one still in force, a single premium insurance loan with halifax, and another monthly premium ppi with Abbey

thanks boxers 64

skbuncks · 31st January 2007, 13:44

Quote:

Originally Posted by boxer64

hi iv been unable to upload the spreadsheet you mentioned any alternative
ive got a couple of ppi claims to make on personall loans
one still in force, a single premium insurance loan with halifax, and another monthly premium ppi with Abbey

thanks boxers 64

Hi Boxer, Have just tried it and the download still works so I would give it another go.
Its not really a template though and more of a "This is how i did it" type thing. It can be modified for anyones claim if you play around with a bit but is quite time consuming in the amount of data you have to enter. Im sure there are better ways to do it but the calculations involved are far beyond my simple mind to grasp

skb

boxer64 · 31st January 2007, 15:01

Quote:

Originally Posted by skbuncks

Hi Boxer, Have just tried it and the download still works so I would give it another go.
Its not really a template though and more of a "This is how i did it" type thing. It can be modified for anyones claim if you play around with a bit but is quite time consuming in the amount of data you have to enter. Im sure there are better ways to do it but the calculations involved are far beyond my simple mind to grasp

skb

hi skbuncks, sorry to sound stupid, but i can't see how to download the ppi file from the fileshare home page, the file details seem to be grayed out unable to click on them.

also in relation to your total charge for credit question earlier, check the Consumer Credit Act 74, Sect 20 Total Charge for Credit.Sect 60 Form and Content of agrements Sect 64 Duty To Give Notice of Cancelallation Rights Sect 97 Duty to Give Infomation
thanks boxer

marcelle · 31st January 2007, 15:19

Quote:

Originally Posted by skbuncks

Questions - The burden of proof

My first graduate loan PPI was obviously missold as it was not fit for purpose - ie I was on a temporary working contract and when I lost my job and tried to claim I was told I they wouldnt pay out because temporary contracts were not covered by the insurance. On taking out the loan the bank was aware that I was on a temporary contract.
For subsequent loans I was told no PPI then no loan - how do I prove this as its my word against theirs??????

Question - Contracts

Does the loan contract have to state the total amount payable under the agreement i.e the loan + PPI + interest???

skb

It's interesting you say the PPI do not cover for temporary contracts as I took mine out and I was on a temporary contract... in fact I still am. So if I'm not covered what's the point in paying out the extra money per month??? I've been reading about people trying to cancel their PPI but to no avail is this true before I phone my bank and cancel it?

Skb, I just found your post and I am looking at it closely as I can relate to a lot of your stuff.... I'm in the process of sending my Subject Access Request off to RBOS to see what's up with my case.

Is it just me or do the banks not send you statements once in a while to let you know how much you've paid, etc.?? I have never had anything from them since the day I took the loan out!!

skbuncks · 12th February 2007, 13:34

Whether your covered whilst on a temporary contract will depend upon the wording in the terms and conditions of the PPI policy. Certainly in the case of lloyds PPI you are not covered

Quote:

Originally Posted by marcelle

Is it just me or do the banks not send you statements once in a while to let you know how much you've paid, etc.?? I have never had anything from them since the day I took the loan out!!

LLoyds have never sent out statements, but you can obtain a current balance of the loan via their internet banking, am unsure if this is something RBOS offer

marcelle · 12th February 2007, 21:21

Thanks skbuncks, i'll check with rbos!

boxer64 · 12th February 2007, 22:26

Quote:

Originally Posted by skbuncks

Hi Boxer, Have just tried it and the download still works so I would give it another go.
Its not really a template though and more of a "This is how i did it" type thing. It can be modified for anyones claim if you play around with a bit but is quite time consuming in the amount of data you have to enter. Im sure there are better ways to do it but the calculations involved are far beyond my simple mind to grasp

skb

finaly downloaded the spreed sheat thanks, iv'e just sent out my non compliance / prelim Claim letters to halifax and barclys, and prelim Claim / LBA letters to Abbey, so im just going to work out my ppi acconts using varios spreadsheet templates,
Thanks again

skbuncks · 13th April 2007, 13:58

Update:

Am still chasing lloyds up for missing info about first graduate loan. They finally got back to me with some fob off about needing more info from me in order to chase it up, id already given them the dam loan account number twice. So sent them what they need and am wating again. God but they annoy me

skb

skbuncks · 13th April 2007, 13:59

Anyone know who underwrote lloyds insurance from 1999 to the present. Am going to send them a Subject Access Request for all details they hold too, will be interesting to see just how much the insurance actually cost

skb

reidnet · 13th April 2007, 20:30

I would presume it would have been their own Insurance, Lloyds Insurance Services. I would be surprised if they would have had it underwritten by anyone else, of course using in house Insurance would also invrease their Profits etc..lol

You can try contacting this address and see if they can help out..

Complaints Department
Lloyd's
One Lime Street
London
EC3M 7HA

Tel. 020 7327 5693
Fax. 020 7327 5225

E-Mail Complaints@Lloyds.com

Hope that Helps.

Good Luck

Ian

rks99 · 13th April 2007, 23:34

Quote:

Originally Posted by skbuncks

The spreadsheets i used for my calculations can be found here

PPI for posting web.xls

skb

I really would love to get some figures for my loan/ppi. Tried this link but it says'file not found' and I get re-directed to the home page. I wonder what I'm not doing right?

lolia · 26th April 2007, 12:34

Hello
Just subscribing. Am currently claiming for bank charges and intend to look into ppi as I was misold one and have been trying to cancel for the past 3 months without success. Am paying £78 a month just for the ppi.
Good luck.

boxer64 · 26th April 2007, 15:55

Quote:

Originally Posted by lolia

Hello
Just subscribing. Am currently claiming for bank charges and intend to look into ppi as I was misold one and have been trying to cancel for the past 3 months without success. Am paying £78 a month just for the ppi.
Good luck.

Hi
lolia recntly had my mis selling complaint unheald by the HALIFAX, they offered me new loan without PPI, and refund of premiums on final account of existing loan, but im still unemployed after they declined claim made on existing PPI, and would be unable to pay new loan.
contemplating how to get compensated overall, haven't signed any thing yet, but the admittion of mis selling is a start

Anybody with advice please feel free to respond.

skbuncks · 12th June 2007, 13:27

Finally I have some of the missing data I requested in nvember last year, namely the rebate amounts from each loan. Lloyds are however unable to supply the loan agreement from the first loan as its from too long ago. Strange as I thought they had to keep stuff for six years and loan wasnt closed until April 2002. Still they have said in their latest letter that they will be supplying a transaction list for the loan shortly. Im gunna ive them a week then proceed anyway cos im sick of waiting.

I have know been able to finalise the figures for grad loans 2 and 3 and select loan 1.
Alos looking back over my employment history I was in temporary employment (six month contracts) up until July 2002 so grad loan 1,2 and 3 PPI policies were mis-sold on the basis that my employment circumstance immediately excluded me from cover.
The Lloyds TSB Loan Protection Policy Document has this to say on exclusions to the Policy:

Quote:

You will not be covered for any period of unemployment which:
Immediately follows a period of casual or temporary work, or
Is normal in your line of work, or
Results from the end of a fixed term contract, except where you have:
· Worked continuously for the same employer for at least 24 months, or
· Been on a contract for at least 12 months and had that contract renewed at least once

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