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Multiple PPI claim with Lloyds - procedural advice needed!
Hello
I have a loan with Lloyds TSB which was taken out in 2004. The purpose of the loan was to get some additional funds needed to clear a credit card. Lloyds basically closed my old loan and refinanced it to cover the new amount.
I want to challenge the PPI on both the new and the old loan as I believe that it was mis-sold (not being told I could buy it elsewhere, the fact that I had life cover and sickness cover with my new job and being told that it would help my application if I took the cover as I was less of a risk this way.)
I raised this with Lloyds fairly early on but was outside the 30 day period. I later got into financial difficulties which led to a dmp being started up in 2006 prior to which I had tried to refinance the loan without PPI (which would have saved me £75/mth) but was refused on grounds of credit rating.
How do I go about challenging both loans? Can I do it one one claim? Both were done in branch and the form was filled in for me and all I did was sign it. You can clearly see that the crosses marked to indicate acceptance of the PPI are not my writing but I don't know if this has any bearing or not.
Re: Multiple PPI claim with Lloyds - procedural advice needed!
Hello money worries,
Without knowing the full history of your post It is difficult to give you a cast iron answer, however I have been in similar position with Direct Line Financial Services 4 loans and RBS 3 loans. Mostly refinanced from one loan to another and all with PPI.
May I suggest a look at my extremely long thread, ( I have had one hell of a fight and went through the Financial Ombudsman Service which for me seems to have worked two out of three complaints have been agreed by the adjudicator with one pending. No settlement yet but it looks good for the new year.
Please see this thread and if you can use any of the letters, complaints etc please feel free to cobble them for your own particular case.
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
Re: Multiple PPI claim with Lloyds - procedural advice needed!
moneyworries I have made multiple claims with Lloyds. There were two very distinct type of misselling but I did make one claim that basically covered 4 loans which were part of a string of refinancing and that was pne complaitn the very different one was a second claim.
I went through their complaints procedure first and now am going through fos as their responses were unbelievably poor
If you can keep you head when all of those around you are losing theirs try parking your helicopter somewhere else
Multiple PPI claim with Lloyds - procedural advice needed!
TSB which was taken out in 2004. The purpose of the loan was to get some additional funds needed to clear a credit card. Lloyds basically closed my old loan and refinanced it to cover the new amount.
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Re: Multiple PPI claim with Lloyds - procedural advice needed!
