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Hi,
I have a loan with RBS which defaulted and they took it to court. I now have a CCJ against me.
I have tried to claim back the PPI on the loan in the past but was told that I signed to say that I was eligable for it and that the person who completed the loan was no longer with the company.
What I need to know is the best was to approch this now. Will I start a new claim or will I write saying that I tried to claim in the past and I do not feel that the reasons that they provided are sufficent enough?
I cancelled the PPI with them around 10 months ago and they advised that the payments would reduce to £232 a month for the loan however, on my CCA it states loan payments of £200.01 and PPI payments of £45. Should I be questioning that I believe the payments should be £200.01 as apposed to £232.00?
Has anyone else had success in getting back PPI on an RBS Loan?
Thanks. I have just been looking through the success thread. Can you please give some guidance if you think that I should start a new claim or carry on from the original one?
Thanks
Was hoping that someone could give me some advise on how to proceed with reclaiming back PPI on 2 loans that I have.
I have a sercured loan with Nemo. I have preiously sent a letter saying that I felt that I was mis sold the PPI. They wrote back stating that they didn't feel that it had been mis sold. When I spoke to them after the amount of rebate I would have got for cancelling was in the region of £90.00 but they said that if I keep it that I would possibly be entitled to a £1856.00 cash back after 60months. This is slightly different from the £10000 the insurance has actually cost me. Do you think that I should start this as a new claim or as a follow on from my original request to them which was almost a year ago?
I also have an unsecured loan with RBS. I wrote to them requesting that they refund the PPI as I felt that it had been mis sold. They advised that as I had signed a document to say that I was 'eligable' for the PPI and that the person who completed the application no longer worked for the company they didn't feel that it had been mis sold. They cancelled the remainder of the PPI from the loan and the monthly loan repayments reduced from £245.00 to £232.00 although on the original CCA it states that the repayment for the loan is £200 and £45.00 for PPI a month. Should this not mean that the repayments should have been reduced to £200? Also, do you think that I should start this as a new claim or carry on where I left off. (Again this was a year ago0?
Can anyone give any advice on how I should proceed with this one? Also, I take it I can still try and reclaim charges and PPI even though this now has a decree/ccj against it?
Hi, if you've already made a claim then there's no point writing to RBS again unless you have any new 'evidence' in addition to your complaint points. Your best bet would be to go to the fos now presuming you are within 6 months of the date of your decision letter sent to you by RBS. That said, you could also take your chances and attempt to log a new complaint with no reference to the original complaint - their admin is pretty shoddy and chances are, they won't even link it to your original complaint..believe me!! Now they are offering £750 goodwill gestures in the vast majority of PPI loan cases with no admission of liability, even for cases where the loan has defaulted etc. Hopefully you will have some luck. with regards to your payments, the amount of ppi left on your loan will depend on the term. I believe they weight the ppi more towards the start of the loan. This means that the longer the ppi has been inforce, the less the value of the ppi will be and so your payments will reduce by less, if that makes sense!
PPI has many different issues attached but I will try and help you to get started on the reclaiming road. I will need additional information to assist me and other caggers to have some input to help.
Hi,
I have a loan with RBS which defaulted and they took it to court. I now have a CCJ against me. (Ok the CCJ issue can be looked at by legal folks.)
I have tried to claim back the PPI on the loan in the past but was told that I signed to say that I was eligable for it (you may have been eligible for it but was it suitable to your needs at the point of sale? and did the person who completed the paperwork ensure it was suitable for you by completing a customer duty of care check list or a needs and wants questionnaire?) and that the person who completed the loan was no longer with the company. (probably sacked for mis-selling PPI insurance)
What I need to know is the best was to approch this now. Will I start a new claim or will I write saying that I tried to claim in the past and I do not feel that the reasons that they provided are sufficent enough? (by this I assume you have already tried to claim? can you confirm this)
I cancelled the PPI with them around 10 months ago and they advised that the payments would reduce to £232 a month for the loan however, on my CCA it states loan payments of £200.01 and PPI payments of £45. Should I be questioning that I believe the payments should be £200.01 as apposed to £232.00? ( yes total mis-selling I had the same trouble reclaiming my PPI but eventually got a result)
Has anyone else had success in getting back PPI on an RBS Loan?
Yes me
Please see this link for my very long fight with RBS...
If you can use any of the information in this thread and cobble it to your own needs please do so. The letters would have to be amended to your own requirements but you will see a lot of stuff that may be of use.
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.
I have a loan with RBS which defaulted and they took it to court. I now have a CCJ against me.
Claiming the PPI back will probably only vary the judgement against you.
I have tried to claim back the PPI on the loan in the past but was told that I signed to say that I was eligable for it and that the person who completed the loan was no longer with the company.
As well as the PPI Successes you should read the Notes for Claimants sticky if you haven't already.
I cancelled the PPI with them around 10 months ago and they advised that the payments would reduce to £232 a month for the loan however, on my CCA it states loan payments of £200.01 and PPI payments of £45.
If PPI is found to be mis sold does the lender have to give back all premiums paid plus interest plus statutory interest and credit the original amount that was added to the loan back to the loan or do they just have to pay back premiums paid along with the interest(s)?
If PPI is found to be mis sold does the lender have to give back all premiums paid plus interest plus statutory interest and credit the original amount that was added to the loan back to the loan or do they just have to pay back premiums paid along with the interest(s)?
Thanks
If you have a valid case for being mis-sold PPI then you should be entitled to ask for all the PPI premiums you have paid and the contractual interest applied to those premiums.
If you complain to the fos and they uphold your complaint then they may insist the bank also repays a statutory 8% interest on top. The FOS have their own formula for working out what should be paid back in the event your claim is successful and 90% of claims are successful
aa
keep posting for more info
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.
Yeah but if you still have the loan do they have to refund the original amount of PPI back to the loan to cancel it out as well as getting back any payments that you have made with interest?
Also, if the claim is up held do they need to reduce your monthly payments (taking off the PPI payments)
Yeah but if you still have the loan do they have to refund the original amount of PPI back to the loan to cancel it out as well as getting back any payments that you have made with interest? It is unlikely you will get the original loan amount figure returned and the payments you have with the interest on those payments and statutory interest as well.
Also, if the claim is up held do they need to reduce your monthly payments (taking off the PPI payments) Only if you cancel the PPI (see below).
Thanks
Have you sent a Subject access request?
Do you have any original documentation for your loan?
Have you cancelled your PPI?
First step is to send a SAR. when you get a response compare the paperwork to any you already have.
If you cancel your PPI you must be sure you have alternative cover from employer or other source. I would not encourage cancellation of PPI until you have cover especially if you still have loan payments to pay.
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.
I have subject access requested one company but not the other as I have the original agreement.
I have not cancelled the PPI as I was told that I would only get about £70.00 back and if I waited until June this year I would get a rebate as the 5 year term of the PPI was up (didn't know that it was only for 5 years or that I would get a rebate)
Can someone please advise if you are successful with getting PPI back if you get all of the following:
Credit of the the original PPI amount back to the loan (If the loan is fully paid this gets paid to you direct)?
Any PPI payments that you have made along with the original interest charged plus statutory interest?
If the loan is still outstanding the monthly payments are reduced to deduct the PPI portion of the payments like the loan would have been had PPI never been applied?
If I am way off the mark can someone please advise what it is possible to get back?
pudsey you have several threads going on this I will merge them to assist you and keep track of your issues with PPI on RBS
aa
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.
RBS Hell
which defaulted and they took it to court. I now have a CCJ against me.
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