Yes Car Credit PPI can anybody help

**happyalf** · 22nd January 2008 15:08

I am coming to the end of my contract with Direct Auto Finance, I bought a Car from yes Car Credit in 2004 and now have 3 final payments to them so the end of March is my ast Payment.
I missed 1 payment through the whole process and suffered for that with charges and endless telephone hassle.

I was not told that the PPI icon

was optional and that i had to have the PPI to sec ure the Car.
I have been paying #150.47 a month over 42 months.

Has anybody had success claiming back the PPI,Do i wait until have made my final Payment or do i just go ahead now.
What is the Process i should start with.
Any advice would be very helpful ths money would pretty much clear my outstanding Debt.
Mnay thanks Happyalf

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**alanfromderby** · 22nd January 2008 21:55

Have a good read through the stickies at the top of the PPI icon

forum - it may take a couple of days, but you will learn all you need to know.

**happyalf** · 23rd January 2008 00:07

Thank you for your reply i intend to do this,I am reading the Stickies as advised.
So would anybody say it would be better to wait until i have made my last payment March or just go for it Now.

Hope to keep posting and also hope others will join me on this i can't be the Only person that was Sold the PPI icon

.

So if anybody who has already done it please join in here so we can share info.

Looking forward to this

Thanks everybody.........

**alanfromderby** · 23rd January 2008 00:46

To be perfectly honest, it will probably take that long to be in a position to take the matter further. For instance, if you need to do a DSAR they have 40 days to comply - even if you have all the paperwork to hand now you will have to give them 28 days to respond to your demands for repayment.

I would start the process and be ready to issue an action the day after you have finished paying - of course that is just my opinion.

**happyalf** · 23rd January 2008 01:03

Hi thank you yes i do have the paperwork am i right in thinking that the amount to claim is everything that comes under,

" Additional Optional Non Cancellable Insurances"

Also the interest icon

in this Section.

I have not been able to find anybody who has Won with DAF there must be lots .

Thank you again Regards Happyalf.........

**alanfromderby** · 23rd January 2008 11:26

We had this problem early on with bank charge claims - many people started to claim at the same time, but it took about three months before the numbers of "won" cases started to really get going.

Am I right in thinking that this is a fixed term loan with all the interest icon

front-loaded at the beginning?

If so, then you are claiming the PPI icon

and the interest - you then add 8% simple interest on that amount from the date of the agreement to today. You can calculate that by using the bank charge spreadsheet which is in the Bank Template Library.

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