Thread: Oh dear, what did I find on my Abbey loan agreements

Hello

I have just discovered that the Abbey applied PPI to three loans I had with them.

The loans were taken out in 1996, topped up in 1997, and again in 1999. It works out from the credit agreements to be approximately with the 3 premiums £7,300.

I do understand that with each top-up, the loan would be cancelled and a portion of ppi and interest would have been credited to the new balance, therefore reducing the amount owed, but I am unaware of the amounts and it does not mention this in the SAR, So I will claim the whole amount, plus 8%interest and let them argue the toss with me

So prelim going off, nothing ventured, nothing gained.

Lets see what they come back with

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Hello hhnf,

Hello

I have just discovered that the Abbey applied PPI to three loans I had with them.

The loans were taken out in 1996, topped up in 1997, and again in 1999. It works out from the credit agreements to be approximately with the 3 premiums £7,300. That much then see what happens when the refinancing loans take over with the help of the financial advisors to make sure things go really smoothly with the banks

I do understand that with each top-up, the loan would be cancelled and a portion of ppi and interest would have been credited to the new balance, therefore reducing the amount owed, (not strictly true hhnf some loans with ppi did not receive a refund and therefore the total amount owed on refinancing was just added to the next refancing loan with the existing ppi and then more ppi added on top) but I am unaware of the amounts and it does not mention this in the Subject access request, So I will claim the whole amount, plus 8%interest and let them argue the toss with me:grin:

So prelim going off, nothing ventured, nothing gained.:grin:

Lets see what they come back with Probably a long delay with a multitude of excuses and a suggestion that you take your complaint to the fos (I notice they never suggest your take your complaint to the local court it is always the FOS as I believe they have to give you this option by law)

Just my usual moan as it is time they were brought to book

aa

And God help them.

Go get em HH.

Originally Posted by tonycee

And God help them.

Go get em HH.

Hello TC,

How are you, long time no speak

Nice to hear from you

Originally Posted by bobbyh99

Weren't these beyond 6 years? or does the limitation not apply to PPI?

BobbyH

Hello Bobby.

Yes you are correct. These loans were beyond the 6yrs (limitation act) but please read this important sticky

Supporting Legislation

I am of a mind, that if you don't enter the race, you will never be the winner Regardless of the fight that you have to put in

If they mis-sold it, they mis-sold it, regardless on when they did it They have hidden the fact and it has now only come to light with the investigations by the oft and the fsa:grin:

OK Prelim ready and waiting to go in the morning

It is amazing when you start to add up the figures and then add on the 8% interest on top and it comes to a staggering £12,995

Keep you posted:grin:

Originally Posted by pu_mpk_in

Hi,

i am in a similar situation as i have had loans with Blackhorse finance since 2002 and each time i have refinanced with them to clear of one loan with another (the most recent being in 2008). i've already written to them re misselling PPI as it was definately not discussed with me at their offices when i signed the papers, but they are insisting that PPI was explained and agreed for when i signed the loan agreements each time.

I've written 2nd leters to them but i'm still waiting for their responses however, they have offered to cancel the PPI on my most recent loan providing i write and confirm that this is what i want, and they will cancel the PPI from the date they receive my confirmation only.

Can you suggest a stronger letter that i could send to them as i firmly beleive i was and have been mis-sold these PPI but it's difficult to prove. My employers offer generous illness payment packages (full pay for 12 months), redundancy packages also, so i really did not need any PPI.

any help you can give would be appreciated

Hello Pumpkin,

Do you have a thread on this????????

If not start one and we will come to assist you.:grin:

Ppi claims in general are not the easiest to do, but can be successful:grin: you have to be prepared for them to ignore you, prolong and frustrate matters, deny, refusal etc, etc, what you must show them is that you are serious, you are not going away and will if needed issue court proceeding to resolve your complaint:grin:

Hello pumpkin and hhnf,,

Hello Pumpkin,

Do you have a thread on this????????

If not start one and we will come to assist you.:grin:

PPI claims in general are not the easiest to do, but can be successful:grin: you have to be prepared for them to ignore you, prolong and frustrate matters, deny, refusal etc, etc, what you must show them is that you are serious, you are not going away and will if needed issue court proceeding to resolve your complaint:grin:

This is so true and even when the Financial Ombudsman rules against them they are still paints (this is a colourful expression) in the ass and will not pay back what they have taken in ppi fees. Yes ppi fees that did not need to be applied. The fact I have had now further customer advisor calling since I started my reclaim of PPI is proof of the ripoff. Let them take legal action against me for this post If they can prove it in court then fine but the fact they are offering goodwill gestures with no admission of liablity tells me they will not do this and if they do they will be down a few more quid. I will bet good old Sir Fred will be nowhere to be seen.

Miffed yes along with thousands of other PPI victims.

aa

Had a letter of response from the Shabbey, they have sent me a ten page template letter, pressed on button and it spewed out the 10 pages.

It includes in this template 10 page letter, a questionaire asking approx 36 questions.

In the covering letter they assure me that they will not charge me for their investigation yeah right whatever

They also state that my failure to fill out the questionaire and return in within 14days they will not investigate my complaint, yeah right whatever

They then further state that if I am using a 3rd party to proceed with my case, a claim company or solicitor, this will not affect my complaint.

They have also provided a sheet relating to PPI on Mortgages, so they must had had a few complaints about this

Will fill it out with the truth and see what enfolds.

Hello hhnf,

Had a letter of response from the Shabbey, they have sent me a ten page template letter, pressed on button and it spewed out the 10 pages.

It includes in this template 10 page letter, a questionaire asking approx 36 questions.

In the covering letter they assure me that they will not charge me for their investigation yeah right whatever

They also state that my failure to fill out the questionaire and return in within 14days (We should all now stick to the 14 dayns and forget the 28 days, 40 days, etc they will not investigate my complaint, yeah right whatever

You give them 14 days and what happens nothing and now they give you an ultimatum on 14 days and what happens? NUCLEAR WINTER if my thinking is correct.

They then further state that if I am using a 3rd party to proceed with my case, a claim company or solicitor, this will not affect my complaint.

They have also provided a sheet relating to PPI on Mortgages, so they must had had a few complaints about this

Will fill it out with the truth and see what enfolds.:grin: You give truth and you will get complete denial in response. This is why the FSA is still having an ongoing battle about mis-sold PPI it is still being MIS-SOLD BIGTIME

Keep at them

aa

Hello All,

When reading the questionnaire, its very bias, carefully selected questions, anyway filled it in with basic facts and refer to covering letter.

Sending it today, with a five page letter, covering all basis of the questionnaire and my complaint.

I have even discussed the agreement, being actually multiple, referring them to the cca

I have asked for specific information and comments and if they do not comply, I will send them a questionnaire

Hello hhnf,

Hello All,

When reading the questionnaire, its very bias, carefully selected questions, anyway filled it in with basic facts and refer to covering letter.

Sending it today, with a five page letter, covering all basis of the questionnaire and my complaint.

I have even discussed the agreement, being actually multiple, referring them to the cca:grin:

I have asked for specific information and comments and if they do not comply, I will send them a questionnaire:grin:

Please to see you fighting on.

If you send them a questionnaire what sort of things will you ask?
Only post if censorship will not be required by the site team

aa

Well have heard back from the Abbey regarding my complaint regarding the PPI applied to 3 loans in 1996,1997 and 1999.

To be honest I did not hold out for a easy ride with this one and would get the general fob off letter and have to pursue this one via the courts

Anyway, I was wrong, they have admitted that they could not establish I was provided with sufficent details to be able to make an informed decision when buying these policies and wish to compensate me:grin: with a full refund, plus 8% interest.

They have provided me with calculations regarding the refunds to the new top-up loans and in fact they are correct.

Not quite the £12,000 I was asking for, but a tidy little packet nevertheless.

Acceptance letter winging their way to them.

They have by far been the fairest company I have dealt with so far and fair credit to them

As I stated in a previous post, go for it, you cannot possibly win if you never enter the race :grin:

Congrats, I wish Lloyds were as easy.

Jogs

Originally Posted by havinastella

Congrats, I wish Lloyds were as easy.

Jogs

Hello Havinastella,

Thanks for your post, Yes I was rather shocked at the easyness of this claim, thought I was in for the good old fob off from them.

These loans were rather old to say the least.

I will post up more when I have the money The acceptance letter is winging its way to them as we speak

Hi HH
Great news .shame they dont all cave in as quick.
Well thats another ***won*** for your sig.

AL

Originally Posted by e28bigalbexley

Hi HH
Great news .shame they dont all cave in as quick.
Well thats another ***won*** for your sig.

AL

Thanks AL

Just the one big one now with the most dismissive orrible Nastywest and then I can hang up my PPI boots