Am I able to claim?

[Russjo]

Not sure about this one. My sister recently cancelled her PPI on a loan with the Abbey. They reduced her loan by £700 which was approximatley 50/50 on interest and refunds and then she had to take out a new loan for the remainder, but fortunately at the interest rate she had before. However, I don't feel that this is a true representation of what she should be refunded and they didn't tell her at the beginning that she would only be entitled to a very small proportion of it back should she cancel. She didn't actually need the policy and it was all done over the phone. What do you think?

[Todge]

Russjo

Certainly worth a look - send them an S.A.R - (Subject Access Request) regarding the PPI and take it from there?

If you don't ask, you don't get.

HTH,
T.

(PS: Getting your sis to take out a new loan was sneaky. The weasels.)

[Todge]

Russjo - update.

I've just been onto the website of one of the 'no win, no fee' PPI recovery companies.

They have a questionnaire '60 second test' - run these past your sister to see which apply?

1 You were not in work or self employed at the time of sale

2 You were told that you had to take the PPI out at the same time as the loan or not at all

3 You were not asked whether you had any other insurance which would cover the loan

4 You were not told you could buy PPI elsewhere to cover the loan

5 You were sold a policy which had age restrictions which you fell outside of

6 You were led to believe that Payment Protection Insurance was compulsory

7 You were told that you would stand more chance of getting the loan if you took the Payment Protection Insurance

8 It was not explained to you that there were certain exclusions within the policy that could affect you

9 You were pressured into buying the PPI

10 You paid upfront for the PPI but it was not explained that there were some PPI policies where you could pay monthly

11 Your PPI was an upfront premium and you repaid the loan early and received no refund

12 You increased your loan and the PPI was increased automatically

13 The Terms & Conditions of the small print were not fully explained to you

Time to get busy ...

T.

(PS: Should mention the site? Mods please remove if inappropriate.
Mis-sold Payment Protection Insurance - PPI Compensation - Oasis Financial Services)

[Russjo]

Hiya Todge,
You've been busy on my behalf, and I thank you. There are a number of these points that apply. Number 3, 4, 6, 8, 10 and 13. I guess you are saying that if any of these apply, there is a cause to claim
Jo

[BaldyBaldwin]

interesting thread, jusy tagging along
good luk with yours BB

[Todge]

Russjo

Shall we just say it is part of my own information gathering which I just felt appropriate to 'throw into the pot'.

Hope it helped.

T.

PS: Like the pink piglet ... sadly, I am informed (often) that I do actually look like Dilbert ...

[Russjo]

That's not so bad, there are times when I look like the pink piglet (ha ha). Thanks for sharing your efforts, I'm sure many will find it useful

[bathgatebuyer]

As I have! There are a few issues that have been raised in relation to my own claim against the Halifax for PPI, so thanks for that one too, Todge!

[reidnet]

Hi Todge,
I have added that list into the sticky I have posted..

The more info we have the better..

Ian