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I wrote to Nemo complaining as I am the 1st named person on the attached loan but have signed 2nd on the agreement.
They wrote back to me today saying that the agreement was signed in the wrong place but it was correct on their system therefore everything was fine with the loan and PPI
My questions are:
Would this not make an agreement unenforcable if I the 1st named person have actually been shown as the 2nd named person on the agreement?
I have tried to claim back the PPI on the loan before saying that I felt that it was missold. They came back and said no it wasn't and I just accepted it. Can you reclaim back the PPI for being missold if it was not made clear that I would be paying interest on the PPI over the term of the loan, or is this not a valid reason for it being missold?
folks here will try and get you on the road to reclaiming your PPI.
Hi
,
I wrote to Nemo complaining as I am the 1st named person on the attached loan but have signed 2nd on the agreement.
They wrote back to me today saying that the agreement was signed in the wrong place but it was correct on their system therefore everything was fine with the loan and PPI
My questions are:
Would this not make an agreement unenforcable if I the 1st named person have actually been shown as the 2nd named person on the agreement? To get a quality answer to this you will need to ask the question in this forum and post your 2 links below.........Is My Agreement Enforceable - Useful
I have tried to claim back the PPI on the loan before saying that I felt that it was missold. They came back and said no it wasn't and I just accepted it. Can you reclaim back the PPI for being missold if it was not made clear that I would be paying interest on the PPI over the term of the loan, or is this not a valid reason for it being missold? a few links below to help you decide if you have been mis-sold.
Can I reclaim on any PPI policy?
Your claim for compensation is dependent on when you took the insurance. PPI sales only came under the jurisdiction of the FSA on 14 January 2005. Any sales made before then are not covered by the latest rules.
However, it may still be worth complaining to your lender if you feel you have been mis-sold. If you bought before January 2005 it is likely that they will have been covered by a previous regime of rules. This means that the Financial Ombudsman Service will be able to consider these complaints. If you took PPI after January 2005, your claim is subject to the latest rules.
Quote:
When determining whether a policy is suitable, a seller – whether a lender or an agent for the insurer – must obviously take into consideration any information the prospective policyholder volunteers. However, we do not consider the seller’s duty is limited simply to recording what the borrower discloses. It is only by asking questions that the seller can properly determine suitability. These questions cannot cover every aspect of a borrower’s personal position and should not be expected to do so. To paraphrase the ABI Statement, only those matters deemed to be relevant by the insurer should be the subject of questions
Loads more in here long but could bear fruit for you..... links
I know this is a lot of information to go through but the better prepared you are to put in a claim to FOS or Court the better. Get the data prepare carefully and go for it bigtime.
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.
Thanks for all the info. Think I have confused myself even more.
Can any look at the agreement that I had attached above and advise if they think all looks okay?
Also, all other documents and their system states that I am the 1st named person but the CCA states that I am the 2nd named person. I complained and they stated that the CCA doesn't matter. I can't believe that this can be write as surely it is only the CCA that legally binds us?
Lastly, is writing a letter to say that I didn't realise I would be paying interest on the PPI for the term of the loan as it was a single premium enough to make a claim or would I need to have another reason?
Thanks for all the info. Think I have confused myself even more.
Can any look at the agreement that I had attached above and advise if they think all looks okay? I looked at the agreement but you will get better advice on your agreement if you use this thread ......
Also, all other documents and their system states that I am the 1st named person but the CCA states that I am the 2nd named person. I complained and they stated that the CCA doesn't matter. I can't believe that this can be write as surely it is only the CCA that legally binds us?
Lastly, is writing a letter to say that I didn't realise I would be paying interest on the PPI for the term of the loan as it was a single premium enough to make a claim or would I need to have another reason? IMO that would be enough the fact it was a single premium policy and the terms were not fully explained to you to enable you to make a considered decision.
Thanks
Hope this helps
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.
Nemo PPI
on the PPI over the term of the loan, or is this not a valid reason for it being missold?
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