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Hi there I'm new to the forums, so plese forgive me if I ramble on a tad.
I have a credit card and a personal loan with two different companies, each of which is covered by a PPI agreement issued by St Andrews Insurance. About twelve months ago I was made redundant when the business I was a director of closed down. I claimed under my PPI and was amazed to be told that under the terms of my PPI, I was not elligable for cover on either of my policies. I challenged this decision with the insurance company unsuccessfully and so complained to the financial Ombudsman, who eventually decided in my favour. I have not yet received any correspondence from the insurance company to this effect, but expect to do so in the near future. My problem is that I was unable to maintain payments on my accounts (I had, I thought taken the responsible course of action in taking out cover in the first place) and as such, each account went into default, despite my explaining that I was awaiting a decision by the Finance Ombudsman, and has as far as I am aware been sold on to a debt collection agency.
Now, I am confident that each debt will be settled just as soon as the insurance company pays out on my policies, but of course my credit rating is now destroyed. My question is: is there any way I can get these defaults and any other negative comments removed from my credit history, and not just marked as settled when the outstanding amount is paid? I do not feel it is fair that my reputation should suffer as a result of a poor decision made by an insurance company.
It looks like the PPI issue has been addressed by the fos and result from the insurance company pending. On the subject of defaults and credit ratings please see these forums...
If you believe you can get more help in one of these threads having browsed them just shout and I will move your thread.
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.
Great news - I just got a letter from the Financial Ombudsman who has found in my favour, instructing St Andrews to pay all monnies due +8%. He has also instructed St Andrews to work on my behalf to have any default notices etc. removed from my credit record.
Great news - I just got a letter from the Financial Ombudsman who has found in my favour, instructing St Andrews to pay all monnies due +8%. He has also instructed St Andrews to work on my behalf to have any default notices etc. removed from my credit record.
WELL DONE.
Please post in the PPI successes thread in the stickies at the top of the page when the money is in the wallet.
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.
Problems with PPI
agreement issued by St Andrews Insurance. About twelve months ago I was made redundant
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