PPI - Some Notes for Claimants..

[electrode101]

I like it, I like it a lot. I especially like the bit about the claims ratio of 20% against all other insurances 84% payout's. what is it trying to say, I think it's saying that PPI is a complete rip off and that something seriously needs to be done about it.

[Empire Strikes Back]

Our bank manager made us put our business overdraft into a loan and added business loan insurance to it that we didnt want. Can we try to get the money we have paid for this insurance back or is it classed differently from PPI. We have paid the loan off now but would love to get the insurance back if poss, it was added to the loan so must have accrued interest.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[Bicester1]

Hi

Yes I think you can see this London North Securities Ltd v Mr

You do need to read the whole thing but what it says in essence is that they can't add cost of the insurance premium to the loan then charge interest on the total. I am going after them on this basis.

Bicester1

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[Empire Strikes Back]

Thanks for that I will have a read through and see whats what.

[happyshopper29]

Hi Reidnet,
I read that you are looking for any articles on PPI. I found some in People newspaper. the links are:
http://www.people.co.uk/reallife/peoplemoney/tm_method=full%26objectid =18639209%26siteid=93463-name_page.html

http://www.people.co.uk/reallife/peoplemoney/tm_method=full%26objectid =18639346%26siteid=93463-name_page.html

[hawkewarwick]

I bought PPI with my mortgage last year my broker said it would be good if I was made unemployed which unfortunately I was in September, the PPI would not pay out and have now had to sell my house so I would not be repossessed by the mortgage company. I am now going to claim my money back just over £2000

[claire58]

Hello All

I'm new to all this and haven't posted before, however, have read through quite a few forums.

I am in the process of sending off letters to NatWest and Lloyds/TSB for my charges but from reading in another thread about people claiming back interest on managed loans for the portion used to clear an overdraft which resulted in charges. I was wondering if anyone has tried to claim back the ppi for that portion of the loan also?

I might be barking up the wrong tree completely and not really understand what I'm doing. Just had a thought that if the charges were unlawful and have resulted in interest and insurance being applied, wouldn't this mean this was refundable also?

Sorry to ramble on and any advice would be appreciated.

C x

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[hawkewarwick]

Hi Claire 58
doing the same as you just claiming interest and charges back from the bank, now going on to the PPI I had with my mortgage.
Don't forget about Credit Card charges and also exit fees if you have a mortgage and are changing to another company
look at ITV.com/tonight they have all the templates and an interest calculator if you want to claim back the interest.


ITV News - About Tonight

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[claire58]

Thank you hawkewarwick and good luck to you

[ZEBRABING]

MBNA are chargng me PPI and I never asked for it. Historically they can see that in it was not wanted until they started charging me. Since there cannot be any evidence of me asking for it can I get it back. I have requested cancellation a few times but this has not happened, i shall send the next request recorded as I cannot prove that I have sent the letters.

Egg are also cahrging this and I have never indicated that i wanted it. I did a balance transfer and they said that a letter was sent to me requiring me to say that I did NOT want PPI. Even though in my original application and history to that time, I had never paid PPI. I have cancelled this

What is my BEST course of action please?

[wobbles]

hi hawkewarick

did you get the mortgage and PPI through a broker ?

[jowalshy]

Is 'repayment cover' on a credit card the same as PPI. My husband has 'repayment cover' on his Halifax credit card and the cost goes up and down.

[reidnet]

I would say that 'repayment cover' is in fact PPI under a disguised name..

Ian

[suzieblooz]

We got a sofa deal from Land of Leather which seemed good at the time - pay within the year and it was heavily discounted. If you don't settle balance within the year you pay £x amount monthly. Seemed good and we thought we could pay it in the year. They also offered us 'insurance' at £120. However with all the bank chgs we couldn't pay within the year and it reverted to monthly payments for 3 years. First shock was that it was £65 a month(on a deal that was £699). The insurance was put up to £1200 as it wasn't paid within the year. As I was dealing with payplan at this point they had to be added to my DMP. The 1st thing to do is cancel all PPI. However the company(Open & Direct, ) told me I couldn't cancel it. They admit I can't claim on it so I am paying £1200 for something I can't use. They refused all payments from Payplan for 4 months then eventually stopped harassing me and have accepted the payments. Sorry to be so long winded but want to give you the facts. My question is - are they right and I have to pay the PPI or can I get it cancelled. I'm not even bothered about getting back any premiums i just want to reduce the debt to the smallest amount possible.

[reidnet]

Hi,
What reason did they give you that you cannot cancel the PPI ?

[shirleyc]

Hello,I already have thread running on Bank Charges but now thinking of starting on PPI if its not too late!I had 2 loans-1 in 98 +the other in 2000 both with PPI-is it too late to claim? Any help please shirl

	Bank Charges You should have started your claim for your bank charges by now. Don't wait. You should send your bank a Subject Acess Request asking for all personal data they hold on you - not just statements. You should calculate all of your bank charges and related interest as far back as 1995. You should send your bank a demand for a refund giving them 7 days. You should commence your legal action adding 8% statutory interest. If you wait for the outcome of the test case, you may not be able to claim like this. you may not be able to claim interest. You may only be offered the difference between the charge and the OFT "fair charge". The repayment scheme will try to limit you to refinds from 2001 only. A repayment scheme will not deal with any bank charges related defaults on the credit register whereas in a court action you can ask for these to be removed and to be compensated for the damage caused to you and your family by them. You should also write to the bank and to the CRA and put all charges related credit entries in disupte and warn them that you will want them removed from the Register when the test case is over. Warn them also that you are likely to be seeking compensation for these wrongful data entries. Full and final settlement Have you previously accepted a partial repayment of your bank charges in full settlement? You will still be able to claim the rest of your money back after the Test case is decided. Get all your information back to 1995 and put in your claim now.

[reidnet]

I am not 100% sure about the time limitation Act, If you start your own thread on PPI I am sure that someone with the required Knowledge will give you a definate answer.

Ian

[Space Monkey]

Hi,

I wonder if anyone can offer advice. I was made redundent from my job of 6 1/2 years in December 2004. I had PPI on my Barclayloan and Barclaycard and Believed I would be safely covered. I was bullied out of my job and was given no training and have still been unable to find a new job. the cover on my Barclayloan lasted for just a year, I was not informed this when I was sold it, and when I enquired initially after the payments had stopped, a member of Barclays staff told me the cover would continue. After no further payments were still made, I finally got someone to direct me to the small print of the contract. Due to a mix-up when my mother suddenly died, the Barclaycard was not paid for several months costing me a lot. All this time I was still having to pay the insurance, even while claiming on both and believe I paid far more than I recieved.
I now have a huge loan which seems no smaller which I am struggling a great deal to pay. Is there anything I can do. If I had know I was only covered for a year I wouldn't have taken the insurance and delt with the debt another way and wouldn't be in the great mess I am now.
Would be greatful for any help,

Kind Regards,

SM

[suzieblooz]

Hi reidnet, all they told me was that it was not possible to cancel as I had not done it within 28 days of signing up. I'll start my own thread on this eventually but I want to get my HBOS claim done first, one thing at a time!

[bennett01]

Hi
they said the same to me but but after the second letter I recieved 3 cheques in which PPI went back to to 2003 and with interest.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.