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My girlfreind took out a loan in 2001 with Bank of Scotland and wed did not realise PPI on added. It was after quite some time that we realised. It was when we questioned the size of the payments as we were looking to clear it with a bank loan with a smaller rate of interest, we therefore cancelled it. We got into some financial difficulty a few years back when my partner was made redundant and we had to stop paying it but made smaller payments through an agent. After roaming through this site we decided to send out the CCA request and we received no response so we sent out the standard letter to advise that they are in default. When trawling through all our paperwork we realised that BOS had only cancelled £2500 off the PPI when it was costing £5000. Is there anything we can do to claim back any of the PPI even though we still have part of the loan to pay which, incidently adds up to roughly the balance of PPI. I would be very grateful for any advice or help offered
Ok your first step is to send of a S.A.R letter to Bank of Scotland look in the stickys at the top of the PPI forum and you will see a template letter that you can use.
You Need to enclose a £10 fee as they are in there right to charge you this under the data protection act. I recommend you use a postal order for this.
The object of sending off a Subject access request to get get hold of all information they hold on you for this account that includes all communication you have had with then weather it be via telephone or letter copies of all statements account agreements etc.
Once you have all this you will be in a better position in seeking to get what you paid back.
Remember you dont want just the premium back you also want back all the payments including interest you paid back too.
Hence why you need the agreement and statements.
Under the Data Protection Act You have to allow them 40+2 Days to respond +2 being days to allow for postage.
Once you have all the required info post back and I or someone will again put you on course with the next step.
Some banks will cave in straight away and some will use delaying tactics as in my case here:
PPI, what steps to take
and wed did not realise PPI on added. It was after quite some time that we realised. It was when we questioned the size of the payments as we were looking to clear it with a bank loan with a smaller rate of interest
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