Direct Auto Finance and PPI

[utterchaos]

hi there can anyone help with this, my dad had a car from Yes Car Credit, and has got 7months left to pay of the agreement, thos was all dated back from 2005, and he has been paying PPI that was sold to him from the beginning.

 

the last payment being due on the 21/7/2009 he is paying £219.31 a month to them in total and a total amount of £10526.88 the car price on his agreement was £5950.00 he took the GAP and the PPI as he was made to believe that he had to do this i was there with him while they were doing the sell on the cars etc in the single room bit etc i am sure any others who have been to YES will know what i am on about,

 

well here is the bit, back in 06/06/2006 he was given 219.31 as a ppi credit due to him being in hospital, can he still claim any of the PPI moneys paid to date, or because he has made a claim is it all void, also he traded his old car which they paid £200 for and this was called TOTAL DOWN PAYMENT, TO BE APPLIED TOWARDS ANY OPTIONAL INSURANCES, I have been led to believe that this is a practice that is not allowed to be done, i have all the figures here is there is anyone out there that can spare me the time i can go onto msn or something like that and send the figures so i can see if he can get anything back from these i can only describe as thieves.

 

huge thanks

 

Utterchaos

 

Mike

[alanalana]

Hello Mike,

 

welcome to the PPI forum.

 

hi there can anyone help with this, my dad had a car from Yes Car Credit, and has got 7months left to pay of the agreement, thos was all dated back from 2005, and he has been paying PPI that was sold to him from the beginning.

 

the last payment being due on the 21/7/2009 he is paying £219.31 a month to them in total and a total amount of £10526.88 the car price on his agreement was £5950.00 he took the GAP and the PPI as he was made to believe that he had to do this i was there with him while they were doing the sell on the cars etc in the single room bit etc i am sure any others who have been to YES will know what i am on about,

 

well here is the bit, back in 06/06/2006 he was given 219.31 as a ppi credit due to him being in hospital, can he still claim any of the PPI moneys paid to date, or because he has made a claim is it all void,(I understand that any claims against a policy would prevent you from reclaiming the PPI as mis-sold) also he traded his old car which they paid £200 for and this was called TOTAL DOWN PAYMENT, TO BE APPLIED TOWARDS ANY OPTIONAL INSURANCES, I have been led to believe that this is a practice that is not allowed to be done, (no knowledge on this I am afraid but if the insurance was optional taken and then claimed against I believe you will have a real fight to get PPI refunded) i have all the figures here is there is anyone out there that can spare me the time i can go onto msn or something like that and send the figures so i can see if he can get anything back from these i can only describe as thieves.

 

huge thanks

 

Utterchaos

 

Mike

For claims before 2005 and the FSA ruling from which campaign

How to tell if you’ve been mis-sold PPI

Quick check: were you mis-sold? - How to tell if you’ve been mis-sold PPI

The above links are from here and may help you to make a considered decision but usually if you have claimed then reclaiming is tough if not impossible........

 

links

 

I hope this in someway helps you make a decision on the way forward.

 

aa

[utterchaos]

thanks, can he get the PPI stopped for the last few months of the payments as this would drop his costs down by £50 a month

[alanalana]

thanks, can he get the PPI stopped for the last few months of the payments as this would drop his costs down by £50 a month

 

Write to them insisting the PPI is cancelled with immediate effect. You will need to explain that you have alternative cover in the event that circumstances change. If you do not have alternative cover and cannot make the payments then there could be other issues arising.

You do not want to get caught out with no cover if things go awry and you cannot make the payments required.

 

aa