Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
we took out a secured loan with black horse in 2006 for around £8500 we were told that we would have more chance of getting the loan if we took out the PPI and they were rather pushy in selling it to us , the loan has since been paid off after we remorgaged , but if we had have had the loan for the full term of 120 months the total cost of the ppi would have been £7534.80, is it possible for me to reclain the ppi
we took out a secured loan with black horse in 2006 for around £8500 we were told that we would have more chance of getting the loan if we took out the PPI and they were rather pushy in selling it to us , the loan has since been paid off after we remorgaged , but if we had have had the loan for the full term of 120 months the total cost of the ppi would have been £7534.80, is it possible for me to reclain the ppi
Hello Kgrant,
Send them a S.A.R - (Subject access request) you will find the letter in the ppi stickies, cost £10 and they have a legal duty to comply with your request in 40days.
They should provide information regarding the loan and the ppi,
Be mindful that if you settled the loan early, you also need a Breakdown of the settlement figures as they probably would be a rebate from the cancelled ppi into the final balance owing.
If any of my posts are helpful, please feel free to click my scales. All information is given as my opinion only, based on my own personal experiences. I have no legal training, but have educated myself in aspects of consumer legislation. My motto "NEVER GIVE IN, NEVER SURRENDER", THERE IS A WAR ON YOU KNOW
When it comes to PPI cancel everything you can as fast as you can.
Then ask for a refund of the insurance premium cost and the interest plus the statutory interest on top. Make sure you have all the Consumer Credit Agreements and if not ask for them (see stickies for template letter) Creditors and DCAs - Letter Templates & Budget Planner
select letter N to obtain Consumer Credit Agreement and statement of account. Fee is £1.00 (They have a legal requirement to reply within 14 days under section 77 and 78 of the Consumer credit Act 1974). You can also ask for a Data Subject access request under the Data Protection Act 1998 as per hellhasnofury post this will cost you £10 but as hell has pointed out to me they the banks can decide what they give you, not fair and within the rules of fairness within the British Banking Code of Practice but how would you know what information they have, short of visiting the branch with a search warrant in the company of several policement?
Much of this information is courtesy of hellhasnofury so remember to tick her scales for the help provided.
There should be a portion of unpaid ppi refunded into the balance of the loan therefore reducing it. This can then infact lower your monthly payments or reduce the term of the loan. If the policy was a single front loaded premium you pay the most from the start of the loan, so there may not be too much left to refund if the loan has been running for a while.
Ask them for written confirmation that they have cancelled it and you require a Breakdown of the figures as well, this will help you work out how much of a refund you required regarding the mis-sold portion of the ppi you have paid for and wish to be returned:grin:
Do not under any circumstances sign a new agreement. You mention that you have all of your loan agreements. But do they as AA has suggested do sent the request for your ca. This will cover all bases.
If any of my posts are helpful, please feel free to click my scales. All information is given as my opinion only, based on my own personal experiences. I have no legal training, but have educated myself in aspects of consumer legislation. My motto "NEVER GIVE IN, NEVER SURRENDER", THERE IS A WAR ON YOU KNOW
Can someone please advise what can be done where I had a Loan with an financial organisation but cannot remember the Agreement No, and the company is trying to stall you by requesting the Agree. No? I am having this done by both Ebdeavour Personal Finance and also Blackhorse.
which S.A.R do i send is it just the standard one? also which one do i send when i want to request a refund? also i have had a couple of accounts with black horse all i think have had PPI can i ask for the information on these agreements in one S.A.R
which S.A.R do i send is it just the standard one? also which one do i send when i want to request a refund? also i have had a couple of accounts with black horse all i think have had PPI can i ask for the information on these agreements in one S.A.R
Hello Kgrant,
Send them this SAR it is in the ppi stickies and here is the link
Copy and paste, amend to your own details, add both account no's as one request is required for all information they hold on you Send your £10 fee as a postal order and send it recorded delivery. You can check on the royal mail website to ensure that they get it. They have a statutory timelimit of 40 days to comply, but allow 2 days for postage.
Once the info comes you have then to work out what they owe you, There will be the ppi premiums and then the interest they charged you on top for the privilege, and then of course you will have to put these figures on a spreadsheet, which will work out the interest on the refund you wish on top
Lets wait till we get the figures and know what you are going after before you write your letter for the refund. There are a few kicking about the thread which can be altered for your needs. Whilst waiting for your SAR to come spend this time reading about, so you know how to tackle any little problems,
There is also a lot of help and advice for fellow ppi reclaimers, so if you have any questions just ask
And of course many thanks for the clicky thing.
If any of my posts are helpful, please feel free to click my scales. All information is given as my opinion only, based on my own personal experiences. I have no legal training, but have educated myself in aspects of consumer legislation. My motto "NEVER GIVE IN, NEVER SURRENDER", THERE IS A WAR ON YOU KNOW
Can someone please advise what can be done where I had a Loan with an financial organisation but cannot remember the Agreement No, and the company is trying to stall you by requesting the Agree. No? I am having this done by both Ebdeavour Personal Finance and also Blackhorse.
Thanks
Hello Demtootief (How did you come up with that name )
Yes these companies do like to prolong and frustrate matter, just keep at them let them know you are not going away. Your name, address and date of birth should be sufficent.
If any of my posts are helpful, please feel free to click my scales. All information is given as my opinion only, based on my own personal experiences. I have no legal training, but have educated myself in aspects of consumer legislation. My motto "NEVER GIVE IN, NEVER SURRENDER", THERE IS A WAR ON YOU KNOW
I really tried to come up with a unique name that says exactly what I think of all these banks and financial institutions.......and this one I think fits the bill to a 'T'.
What I am planning to do is to send Endeavour a reply letter to say that my name and address is still the same as is my date of birth. They are also saying that they want proff of ID, and so I am planning to send my passport ot Drivers Licence by registered post, enclosing a S.A.E. also registered to get it returned. I will see what they come back with. I will be sending off the reply letter to them tomorrow.
black horse ppi
and they were rather pushy in selling it to us , the loan has since been paid off after we remorgaged , but if we had have had the loan for the full term of 120 months the total cost of the ppi would have been £7534.80, is it possible for me to reclain the ppi
Reply With Quote
Originally Posted by kgrant
as AA has suggested do sent the request for your ca. This will cover all bases.
Send your £10 fee as a postal order and send it recorded delivery. You can check on the royal mail website to ensure that they get it. They have a statutory timelimit of 40 days to comply, but allow 2 days for postage.