Thread: Major PPI issue with lloydstsb please help.

hello tru,

Hi, i took out a loan back in 2008 and had x3 months payment holiday at the start, i was told i wouldnt get the loan unless i took out the lpi (PPI) so i did. now on paying my monthly fees up to date i lost my job and tried to claim, suprise suprise they dont pay out as i was an agency worker. so i decided to cancell my ppi. all i thought was ok untill i recive a new agreement in the post. the original agreement was borrow £1000 pay back 49.10 over 35 months with total of 1718.50 to pay back. now the new agreement has come and this is over 25 months(even tho my old one has 22 left) and the payment has gone down to 48.73, with a total payable of 1218.25, now if you add the total ive paid them for the last 12 months, 590.10 this comes to a total of over 1800, which is a 100 more then i had with the insurance yet this new one has no insurance, now am i missing a trick here or wat??? please help

My first advice is to read up make a plan and then act.

Firstly read the following threads as it pays to do homework on here learn and then act.

So a few links for you to look at for starters.

PPI - Some Notes for Claimants..

For claims before 2005 and the FSA ruling from which campaign
How to tell if you’ve been mis-sold PPI

Quick check: were you mis-sold? - How to tell if you’ve been mis-sold PPI

Another useful site to help you reclaim missold PPI UPDATED 16 JUN 08
Reclaim your PPI premiums - payment protection insurance | This is Money

This is a little snippet from the above link....

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.

there is much more in here. I advise you to read up before commencing action.
links

When you are ready you will need to send a Subject access request....template letters here...

Data Protection Act 1998 - Subject access request


Full SAR for ppi

and you must be specific and request these documents.

You should request the following documents:

A true copy of your Consumer Credit Agreement with the terms and conditions that were applicable at the time you took the loan.

Copies of all statements applicable to the loan.

Copies of all correspondence that apply to you as a data subject ie letters, emails, faxes etc.

Copies of all recorded telephone calls or transcripts of the recordings.

A copy of the needs and wants/ customer duty of care questionnaire... here is an example.

http://wwwa.mbna.co.uk/insurance/files/CP0608_INSU_MB_LP_S.pdf

Copies of any notes made by LTSB staff in their dealings with you.

There is much more information in here that should help you along the way.

Hope this lot gets you started on the reclaiming road

aa