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.
i recently won all 3 of my PPI claims against HBOS.
1 of the loans is still active and i recieved a cheque for £546 for ppi paid. then i got the redress letter from hbos saying that i have got a cheque for £546 and the remaining £1467 has been used to offset my loan, it states in the letter i got from the bank that they will use refunds if the account is in arrears as to reduce charges and interest etc,
my account is not in arrears and is in good order and up to date. do i have the right to ask for the £1467 to be returned to me??? i thought there was certain criteria the account had to meet before the refund can be used to offset?
any advice would be great
i recently won all 3 of my PPI claims against HBOS.
1 of the loans is still active and i recieved a cheque for £546 for ppi paid. then i got the redress letter from hbos saying that i have got a cheque for £546 and the remaining £1467 has been used to offset my loan, it states in the letter i got from the bank that they will use refunds if the account is in arrears as to reduce charges and interest etc,
my account is not in arrears and is in good order and up to date. do i have the right to ask for the £1467 to be returned to me??? i thought there was certain criteria the account had to meet before the refund can be used to offset?
any advice would be great
If the PPI was mis-sold as appears to be the case with your claim then any rebate of PPI should come directly to you by personal cheque or payment into your bank account. The only time any refund can be used for any other reason is if the account is in arrears then the bank can use part of the refund to offset the amount of the arrears. They can not if you are in arrears use the whole amount of the rebate to offset the amount remaining on the loan only the arrears amount that is due.
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.
thats good news then, my account does not have any arrears, its up to date, so ill be on the phone to the nice guy that done my redress and ask for it back, many thanks,
well i called customer services regarding the money offset to the loan and was told that i would not be getting the money back as i have not paid for it.
The refund i got of £500 odd pounds was what i had paid so far towards the PPI so the remaining amount is taken off the loan, is this what usually happens???? im a bit lost now.
thanks for your reply,
i had two loans that were settled in full early.
is the remaining PPI taken off the final settlement figure??? or does the insurance keep it??
i never got much back on them, £1300 refunded on a £3200 plus interest ppi that ran for 9 months before being settled
And £452 refunded on A £951 policy that ran for 6 months.
Hi first time user is the method of claiming PPI refunds similar in scotland i have had claim for ppi refund on 3 loans with lloydstsb refused, any advice would be most welcome
Hi first time user is the method of claiming PPI refunds similar in scotland i have had claim for ppi refund on 3 loans with lloydstsb refused, any advice would be most welcome
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.
ppi refund used to offset my loan
claims against HBOS
Reply With Quote
Originally Posted by james57
