Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Hi all, we are new to the site and are unsure of the procedure to follow so here goes.................we have just discovered that our personal unsecured loan monthly payment has been 67% PPI payment...:0. We did not request this and have had no communication from them in two years or so. We have finally managed to contacyt them to request a statement to find out our balance, apparently we owe 50% MORE than we initially borrowed due to the PPI. Our payments have been paying interest, unbeknown to us. Seven thousand pounds worth !!!
We have demanded the cancellation of the PPI and reduced our monthly payment but the repayment timescale has increased to 6 years.
PLEASE ADVISE TO HELP US. Many thanks in advance, moonster642 xx
Hi all, we are new to the site and are unsure of the procedure to follow so here goes.................we have just discovered that our personal unsecured loan monthly payment has been 67% PPI payment...:0. We did not request this and have had no communication from them in two years or so. We have finally managed to contacyt them to request a statement to find out our balance, apparently we owe 50% MORE than we initially borrowed due to the PPI. Our payments have been paying interest, unbeknown to us. Seven thousand pounds worth !!!
We have demanded the cancellation of the PPI and reduced our monthly payment but the repayment timescale has increased to 6 years. I do not believe Northern Rock can change the conditions of your agreement without your consent!!
PLEASE ADVISE TO HELP US. Many thanks in advance, moonster642 xx
Have you now cancelled the PPI?
Firstly I would suggest you have a look at some of these links.
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.
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.
There is more information in the links sticky at the top of the forum.
Next step is to send a Subject access request. The fee is £10.00 and NR must respond within 40 days plus 2 for posting.
When you send this you should specifically request:
A true copy of your Consumer Credit Agreement with a copy of the Terms and Conditions that were attached to the agreement at the time the loan started.
Copies of all of your statement up to present from the date the loan started.
A copy of the customer needs and wants/duty of customer care questionnaire that they should have completed at the point of sale to make sure the policy suited your needs and requirements.
Copies of all correspondence by email, letter fax etc.
All other data they hold on you as a data subject in whatever format they hold it on ie paper, electronic, CD, microfische, tape recordings etc.
If they respond and you are not happy that they have supplied everything or thay fail to respond within the statutory 42 days. The you should complain to the Information Commissioners Office. The ICO can insist they supply you with all the data they hold on you.
More on this later. Keep posting and updating and you will get continued help.
The more info you can provide without any personal information such as names, addresses, sort codes, account details the better chance we get the picture and can assist you along the way.
This is the short starter post
You could be in for a long haul but 90% of folks are getting their money back now.
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.
Northern Rock PPI
payment...:0. We did not request this and have had no communication from them in two years or so. We have finally managed to contacyt them to request a statement to find out our balance, apparently we owe 50% MORE than we initially borrowed due to the PPI. Our payments have been paying interest
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